The Rapeseed Oil and Mustard Oil market in India experienced modest fluctuations from 2014 to 2023, standing at 2.64 million metric tons in 2023. Notable year-on-year variations included a decline of 9.83% in 2017 and a significant rise of 13.52% in 2018. The latter years showed stabilization with minor annual increases around 0.42% from 2021 to 2023. Over the past five years, the market exhibited an average annual growth (CAGR) of approximately -0.14%.
Future trends to watch for include:
- Technological advancements in oil extraction processes
- Regulatory changes impacting production and trade
- Consumer preferences shifting towards healthier oils
