The palm oil distribution in India is forecasted to grow from 12.2 million metric tons in 2024 to 13.41 million metric tons by 2028. Compared to the actual data from 2023, the distribution saw a steady increase. The year-on-year percentage variations are as follows: 2.54% from 2024 to 2025, 2.40% from 2025 to 2026, 2.34% from 2026 to 2027, and 2.29% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period (2024-2028) is approximately 2.39%.
Future trends to watch for include potential impacts of policies on import duties, sustainability practices by producers, and shifts in consumer preferences towards healthier alternatives. Monitoring global palm oil prices and domestic agricultural policies will also be essential.
