The forecast for palm oil domestic food consumption in India indicates a steady increase from 9.3 million metric tons in 2024 to 10.09 million metric tons in 2028. Notably, this follows an actual consumption of 9.1 million metric tons in 2023. Analyzing the year-on-year growth, there is a consistent upward trend, with slight increases: 2.15% from 2024 to 2025, 2.11% from 2025 to 2026, 1.96% from 2026 to 2027, and 2.02% from 2027 to 2028. Across the last five years, this represents a compound annual growth rate (CAGR) of approximately 1.95%.
Future trends to watch for include potential changes in governmental policies affecting palm oil imports and consumption, shifts in consumer health consciousness influencing demand, and the impact of global market dynamics on domestic prices. Monitoring these factors will be vital for predicting long-term consumption trends.
