Forecast: Sunflower Seed Oil Domestic Food Consumption in India

The domestic consumption of sunflower seed oil in India is forecasted to grow steadily from 2.83 million metric tons in 2024 to 3.15 million metric tons by 2028. In 2023, consumption was recorded at 2.75 million metric tons. Year-on-year growth is projected at around 2.83% from 2024 to 2025, followed by a similar 2.75% increase every subsequent year through 2028. The compound annual growth rate (CAGR) for the period 2024-2028 is estimated at approximately 2.74%.

Future trends to watch for:

  • Considerations for shifts in consumer preferences towards healthier oils, impacting medium-term growth.
  • Potential influences of climate change on sunflower crop yields affecting supply dynamics.
  • Government policies regarding import-export and self-reliance in edible oils could alter consumption patterns.

Top Countries about Sunflower Oil