As of 2023, the rapeseed oil and mustard oil markets in India stood at a consumption rate slightly below the forecast for 2024. From 2024 to 2028, the per capita consumption shows a very modest year-on-year increase from 1.92 to 1.93 kilograms. Over this forecast period, the compound annual growth rate (CAGR) is negligible, indicating a stable yet stagnant market per capita consumption pattern.
Future trends to watch for include shifts in consumer preferences towards healthier oil options, which may influence growth. Additionally, changes in agricultural yields, domestic policies, and global oilseed market dynamics could significantly impact the market.
