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Indian Palm Oil Market Hit at a CAGR of 8% in terms of revenues from 2018 to 2025
by sonali_86 · June 10 , 2019
India palm oil market聽size is anticipated to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc聽Refined derivatives are widely being utilized in food owing to their lower price in comparison to other conventional edible oils derived from groundnut, soybean and sunflower.
Rapid urbanization, and changing lifestyles backed by increasing disposable income in India have influenced consumption trends of consumers. Increasing consumption in food & beverages and cosmetics industry is a key factor likely to boost overall growth. A positive factor in the Indian production scenario is a significant growth in the acreage, which registered a CAGR of approximately 20% over the past five years.
Improving yield coupled with reducing wastage during production by has created improved business environment in India. In order to encourage domestic cultivation, the government provides subsidies of up to INR 7 ,000 per hectare for farmers. Furthermore, to ease capital inflows, the government also allowed 100% FDI through automatic route.
The lubricants segment is anticipated to exhibit steady growth owing to increasing demand for numerous commercial and industrial products including detergents, soaps, shampoos and cleaners.
Access Research Report of Indian Palm Oil Market @:聽 Further Key Findings from the Study Suggest:
From 2016 to 2025, CPO is projected to register growth rates above 8%, which can be attributed to lowered import duties. CPO import volume was nearly 6.50 million tons in 2014 Indonesia and Malaysia accounted for approximately 90% of the imports in 2015. Kandla , Krishnapatanam, Kolkata, Kakinada, Mangalore and Nhava Sheva were the leading ports of entry from 2014 to 2016 Export taxes of CPO in Indonesia and Malaysia range from 7.5%-22.5% and 4.5%-8.5% respectively. These countries use futures exchange (Bursa Malaysia), FOB quotes, and CIF prices as benchmarks Edible oil applications accounted for nearly 95% of the consumption volume in 2015. The segment growth is further expected to be driven by high demand from processed foods, fast food chains , and households As of 2015, fresh fruit bunch (FFB) produced was 1.18 million tons while oil extraction rate stood at 17%. Improving extraction rates is paramount for domestic producers Increasing acreage is critical for sustainability of the domestic industry. As of 2015, the potential cultivation area identified stood at 1.93 million hectares while only 0.2 million hectares were planted. Key companies operating in this market include Ruchi Soya Industries, Kamani, Acalmar Oils & Fats, AdaniWilmar, Anik Industries , Aditya Engineers, Sundex Process Engineers Pvt. Ltd., Brissun Technology Pvt. Ltd. and Cargill India Grand View Research has segmented the India palm oil market on the basis of product and application:
India Palm Oil Product Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
Crude palm oil RBD palm oil Palm stearin RBD palm olein Crude palm olein Palm kernel Palm kernel oil Palm kernel cake India Palm Oil Application Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)
Edible oil Cosmetics Bio-diesel Lubricants Surfactants About Grand View Research
Grand View Research , Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information:聽 E-commerce business
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Wix is one of world’s leading online website builders with an integrated eCommerce module which combines out-of-the-box production functionalities with online performance management, and delivers in such way compact and modern stores for small and medium retailers.3dcart, the award winning software boasts full-packed product plans that are cost effective as well as scalable so that it can grow with your business. Volusion is a very scalable eCommerce and Shopping Cart platform developed to enhance your business growth. One of the attractive, feature-rich, fully-customizable ecommerce solution that distinguishes itself from other solutions by offering additional services like digital marketin. |
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