The forecast for groundnut oil fat supply quantity per capita in India shows a steady increase from 2024 to 2028. Starting at 3.48 grams per capita per day in 2024, it is expected to rise to 3.76 by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.94% over the five-year period. The annual increase is consistent year-on-year, highlighting a growing demand for groundnut oil.
Future trends to watch for include:
- Potential market fluctuations due to changes in agricultural output and pricing.
- Impact of health trends and dietary habits on oil consumption.
- Effects of economic growth on consumer purchasing power and dietary choices.