In 2023, India's import of olive oil and fractions blends stood at 4.2 million kilograms, paving the way for forecasted growth starting in 2024. From 2024 to 2028, imports are projected to rise steadily, with a compound annual growth rate (CAGR) of roughly 3.5%. Year-on-year analysis reveals an average increase of approximately 4% from 2024 through 2028.
Future trends to watch for include shifts in consumer preferences towards healthier cooking oils and potential changes in import policies or tariffs, which might impact import volumes. Additionally, domestic production capacity growth or promotiions of alternatives might influence import dynamics.
