In 2023, India's domestic consumption of sunflower seed oil was X million metric tons. From the forecasted data, consumption is expected to increase steadily from 2.83 million metric tons in 2024 to 3.15 million metric tons by 2028. This indicates a year-on-year growth rate at an average of approximately 2.65% over this period. The steady growth suggests ongoing demand driven by dietary shifts and population growth.
Future trends to watch for:
- Potential impacts of domestic agricultural policies on production and import tariffs.
- Shifts in consumer health awareness affecting choices between various cooking oils.
- The role of technological advancement in production efficiency and cost reduction.