From 2024 to 2028, the forecasted soybean oil calorie supply per capita in India shows a consistent upward trend, commencing at 57.51 kilocalories per day in 2024 and reaching 59.18 kilocalories per day by 2028. This displays a consistent annual growth rate, with year-on-year increments averaging around 0.75%. Based on historical and forecasted data, this suggests stable demand and possibly increasing preference for soybean oil in dietary consumption.
Future trends to watch for include:
- Economic factors affecting purchasing power and dietary changes in the population.
- Potential shifts in agricultural policies or trade agreements impacting supply.
- Health trends and consumer awareness about oil types influencing demand.
- Technological advancements in oil production boosting efficiency and yield.