Forecast: Rapeseed Domestic Food Consumption in India

In 2023, India's rapeseed domestic food consumption stood at approximately 721.0 thousand metric tons. The forecasted data indicates a steady increase in consumption over the next five years, with expected growth from 727.0 thousand metric tons in 2024 to 750.0 thousand metric tons by 2028. This reflects a consistent year-on-year growth ranging between 0.8% to 0.9%, culminating in a compound annual growth rate (CAGR) of around 0.8% over the forecasted period.

Future trends to watch for include:

  • Potential increases in consumption due to dietary shifts towards plant-based oils.
  • Impact of governmental policies on rapeseed production and import dynamics.
  • Technological advancements in agriculture improving yield and quality of rapeseed.
  • Fluctuations in international markets affecting domestic consumption patterns.

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