The Indian rapeseed and mustard oil processing industry saw an actual volume of 28.0 thousand metric tons in 2023. The forecast suggests a gradual decline from 27.0 in 2024 to 25.0 by 2028. Between 2023 and 2024, the industry experienced a decrease of approximately 3.6%. Stability observed between 2025 and 2027 follows a further decline reaching 3.9% by 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 implies an average year-on-year decrease of around 1.8%.

Future trends to watch for:

Fluctuations in domestic demand influenced by consumer preferences shifting towards alternative oils.
Potential policy changes and subsidies impacting crop production and oil extraction processes.
Global market trends and export demands affecting production volumes.