In 2023, the Groundnut Oil demand in India stood at 1.69 million metric tons. The forecasted demand from 2024 to 2028 shows a steady growth pattern, with an annual increase in demand. The demand is expected to rise from 1.73 million metric tons in 2024 to 1.87 million metric tons in 2028.
- Year-on-year variation analysis: - 2024: 2.37% increase from 2023 - 2025: 2.31% increase from 2024 - 2026: 1.69% increase from 2025 - 2027: 1.67% increase from 2026 - 2028: 2.19% increase from 2027
- Last two years variation: - 2023 to 2024: 2.37% - 2024 to 2025: 2.31%
- Five-year CAGR: 2.04% per year on average
Future trends to watch for include potential shifts in consumer preferences towards healthier oil options, variations in groundnut production due to climatic changes, and changes in import-export policies that could impact supply dynamics. Monitoring these factors will be crucial in predicting future demand for groundnut oil in India.
