In 2023, India's coconut oil fat supply was stable. Forecasts predict a gradual decline from 0.45 grams per capita per day in 2024 to 0.37 by 2028. Year-on-year variations show a consistent decrease of about 4.44%, with a compound annual growth rate (CAGR) indicating a 5-year average decline rate.
Future trends to watch include:
- Shifts in consumer health consciousness potentially leading to decreased coconut oil usage.
- Export market changes that could impact domestic supply and consumption.
- Substitution by alternative oils due to price or availability.