Based on the provided data, sunflower seed oil demand in India is projected to rise steadily from 2.96 million metric tons in 2024 to 3.23 million metric tons in 2028. This translates to year-on-year growth rates of approximately 2.36% annually, averaging a Compound Annual Growth Rate (CAGR) of 2.23% over the five-year forecast period. In 2023, the demand was at an estimated 2.88 million metric tons.
Future trends to watch for include potential shifts in consumer preferences towards healthier oils, changes in import policies, and fluctuations in domestic sunflowerseed production. Additionally, economic factors such as disposable income growth and urbanization may further impact the demand trajectory.
