Forecast: Rapeseed Oil Domestic Consumption in India

The domestic consumption of rapeseed oil in India for 2023 stood at an estimated 3.85 million metric tons. The forecast indicates a steady increase, with consumption projected to rise from 3.95 in 2024 to 4.38 million metric tons by 2028. This reflects a compounded annual growth rate (CAGR) of approximately 2.1% over the five-year period. Year-on-year growth from 2024 to 2025 is expected to be about 2.8%, while from 2025 to 2026, it should reach 2.7%.

Future trends to watch for include:

  • Impact of dietary shifts towards healthier oils on rapeseed oil demand.
  • Government policies on oilseed crop cultivation and import duties.
  • Technological advancements in oil extraction potentially affecting supply and prices.
  • Global market trends influencing domestic consumption patterns.

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