The Wholesale Price Index of edible oils across India during financial year 2024 was 145. An overall increase in the price index was seen over the years from financial year 2013 till 2022 in the country. Edible oils refers to vegetable and animal oils and fats.

Get the latest insights on price movement and trend analysis of Sunflower Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

As of December 2023, the retail price index of sunflower oil in India was approximately 136. This meant, the RPI of sunflower oil had increased by 36 percent compared to the base year of 2016. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

Sunflower Oil increased 56 USD/T or 4.42% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Sunflower Oil.

The average retail price of sunflower oil per kilogram in the Indian capital city of Delhi was just above 198 Indian rupees in December 2022. In contrast, the average retail price of one kilogram of sunflower oil in Chennai amounted to about 155.4 Indian rupees.

For the third consecutive year, the Indian market for crude sunflower-seed and safflower oil recorded growth in sales value, which increased by 19% to $4B in 2024. Over the period under review, consumption recorded prominent growth. Over the period under review, the market reached the maximum level in 2024 and is expected to retain growth in the near future.

The organic edible oil market is likely to capture a valuation of US$ 3.14 billion in 2023 and is predicted to reach US$ 7.43 billion by 2033. The market is registering a CAGR of 9% during the forecast period.

Scope of Report

Palm Oil decreased 155 MYR/MT or 3.49% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on March of 2025.

The FAO vegetable oil Price Index* reached 178.32 index points in June of 2008 during the financial crisis. During the pandemic, the price index rose to 184.56 points in October of 2021. After the start of the war in Ukraine, the index jumped to over 251 points in March of 2022. As of January 2025, the index had declined from the spike in the previous years to 153 points. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

In the marketing year 2023, palm oil was the most used cooking oil in India, with its domestic consumption surpassing eight million metric tons. It was followed by soybean and rapeseed oils, with their respective consumption volumes reaching 5.4 and 3.6 million metric tons.

Production of edible oils

India produces a wide range of edible oils like palm, soybean, mustard, sunflower, and groundnut, that match its diverse food cultures and agricultural practices. Mustard oil is popular in the northern and eastern regions, while the southern part of India prefers coconut oil. Additionally, the country is also seeing an increase in soybean oil production, catering to both domestic needs and increasing demand from the international market.

Import of edible oils

India's reliance on imported edible oils is a crucial aspect of its food economy, driven by the gap between domestic production and consumption demands. The country is one of the largest importers of edible oils globally, importing over 16 million metric tons, with palm and soybean oils constituting the bulk of imports. Indonesia and Malaysia emerged as the top exporters of edible oil to India in the financial year 2023. The country also plans to continue importing edible oils at lower duty rates until 2025, to keep the food inflation in check.

The India sunflower oil market reached around 2.71 MMT in 2024. The market is projected to grow at a CAGR of 7.30% between 2025 and 2034 to reach nearly 5.48 MMT by 2034.

The India soybean oil market size reached USD 4.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.6 Billion by 2033, exhibiting a growth rate (CAGR) of 2.9% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the India soybean oil market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on packaging type, packaging material, pack size, domestic manufacturing/imports, application and distribution channel.

The size of the India Palm Oil Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.0 % during the forecast period. India is one of the largest importers of palm oil in the world, primarily sourced from countries like Indonesia and Malaysia. Palm oil is a highly versatile vegetable oil derived from the fruit of the oil palm tree and is used in a wide range of products, including cooking oil, processed foods, cosmetics, and biofuels. Palm oil is one of the most used ingredients in the food industry in India because it is inexpensive and has a long shelf life. The demand for palm oil in India has been growing rapidly, driven by population growth, urbanization, and increasing consumer preferences for processed foods. However, the large-scale import of palm oil has raised concerns about its environmental impact, particularly related to deforestation and habitat loss in palm oil-producing countries. Addressing these issues has been an on-going call for more sustainable and traceable sources of palm oil, and in this regard, India has also increasingly supported RSPO certification. Recent developments include: In May 2023, Godrej Agrovet's Oil Palm Business launched a finance offering for oil palm farmers in partnership with the State Bank of India (SBI). The product will enable farmers to obtain loans for micro irrigation facilities, fencing, and tube well improvements at their farms. , In April 2023, Baba Ramdev’s Patanjali Foods Ltd ( Ruchi Soya) pumped an investment of over USD 122 million for setting up integrated palm oil processing facilities in Telangana over the next four years. , In July 2022, The Malaysian Palm Oil Council and the Indian Vegetable Oil Producers' Association signed a memorandum of understanding (MoU) to promote palm oil usage. The MoU aims to increase collaboration in shared interests and advance Malaysian palm oil production and consumption, promoting the interests of producers, processors, users, and consumers. .

As of October 2022, refined rapeseed oil had the highest rate of import duty at about 50 percent in India. In comparison, crude soybean oil, sunflower oil, and palm oil had an import duty rate of over five percent each.

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Palm Oil Market Size 2025-2029

The palm oil market size is forecast to increase by USD 54.4 billion at a CAGR of 9% between 2024 and 2029.

The market presents a dynamic and complex landscape for global investors and businesses. Key drivers include the increasing consumer awareness and preference for palm oil due to its health benefits, particularly in food and cosmetic industries. This trend is expected to continue, providing significant growth opportunities for market participants. However, challenges persist, with concerns over deforestation and the resulting losses in plant diversity threatening the industry's sustainability and reputation. To navigate these challenges, companies must adopt responsible sourcing practices and invest in sustainable production methods. The emergence of a new growth avenue for palm oil in the biodiesel sector further underscores the market's potential. As the demand for renewable energy sources continues to rise, the integration of palm oil into the biodiesel value chain offers a strategic opportunity for market players. Companies seeking to capitalize on these trends and mitigate risks should focus on innovation, transparency, and collaboration with stakeholders to ensure long-term success.

What will be the Size of the Palm Oil Market during the forecast period?

Request Free SampleThe market encompasses the production and trade of palm fruits and their derived oils, including crude palm oil, RBD palm oil, palm kernel oil, and unrefined palm oil. Palm oil is a widely used edible vegetable oil, prominent in various industries such as food, cosmetics, and biodiesel. Its versatility is evident in its application in diverse products, from instant noodles and confectionery to soaps and cosmetics. The market size is substantial, with continued growth driven by increasing demand for edible oils, particularly in developing countries. Palm oil's affordability and high energy value make it a preferred choice for industries and households alike. However, concerns over sustainability and environmental impacts, such as deforestation and the conversion of tropical forests, have led to a growing focus on sustainable and organic production. Palm oil competes with other edible oils like rapeseed oil, mineral oil, and unrefined palm oil. Health-conscious consumers are increasingly seeking alternatives to palm oil due to its association with heart disease. Despite these challenges, the market remains dynamic, with ongoing research and development efforts aimed at improving production methods and addressing sustainability concerns.

How is this Palm Oil Industry segmented?

The palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationEdible oilSurfactantsBio-dieselOthersTypeConventionalOrganicGeographyAPACChinaIndiaIndonesiaMalaysiaPakistanMiddle East and AfricaQatarUAEEuropeGermanyUKNorth AmericaSouth America

By Application Insights

The edible oil segment is estimated to witness significant growth during the forecast period.Palm oil is a widely used edible oil, predominantly sourced from the palm fruit and palm kernel. Palm fruit oil is primarily utilized for cooking and is a common ingredient in various food products, particularly in Asian markets. Compared to other hydrogenated oils, palm oil is considered healthier due to its lower trans fat content. The affordability of palm oil, as a vegetable oil, has also contributed to its expanding market share. With significant production volumes, palm oil plays a substantial role in the food processing sector. Its versatility extends beyond cooking, as it is also used in the production of instant noodles, oleochemicals, biodiesel fuel, and various consumer goods. The market encompasses both conventional and organic segments, with a growing emphasis on sustainable and eco-friendly production methods. The health benefits of palm oil, including its nutritional value and uses in personal care products, further underscore its importance in various industries.

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The Edible oil segment was valued at USD 54.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 73% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Palm oil is a versatile vegetable oil derived from the fruits of the oil palm tree. The primary contributors to the expansion of the market in the APAC region are China, Australia, Thail

India White Oil Market size is valued at USD 110.91 Million in 2023 and is anticipated to reach USD 161.52 Million by 2031, growing at a CAGR of 4.8% from 2024 to 2031.

Key Market Drivers:
Growing Demand in Cosmetics: The cosmetics and personal care industry is expanding rapidly, with an expected market growth rate of 8-10% annually. White oil is widely used in products like moisturizers and makeup removers, driving its demand in this sector.

Expanding Pharmaceutical Industry: The Indian pharmaceutical sector is projected to grow significantly, with an expected market size of USD 130 Billion by 2030. White oil’s applications in creams, ointments, and laxatives make it essential for pharmaceutical manufacturing.

Increased Production Capacities: Major pharmaceutical companies are continuously increasing their production capabilities, which is anticipated to boost the demand for white oil as a key ingredient in various formulations.
Versatility Across Industries: White oil’s versatility allows its use in multiple applications beyond cosmetics and pharmaceuticals, including food processing and plastics. This broad applicability supports sustained demand across various sectors.

The global edible oil market, valued at $98.23 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.1% from 2025 to 2033. This growth is driven by several key factors. Rising global populations and increasing urbanization are fueling demand for processed foods and convenient meal options, which heavily rely on edible oils. Changing dietary habits, including a shift towards healthier cooking methods and increased consumption of fried foods in developing economies, also contribute to market expansion. Furthermore, the burgeoning food processing industry and the expansion of the food service sector, particularly in rapidly developing nations, are significant growth catalysts. The market's segmentation reveals a strong presence across retail, food service, and food processing end-users, each contributing uniquely to overall market dynamics. Key players, including giants like Cargill, ADM, and Bunge, are leveraging their established supply chains and brand recognition to maintain market dominance while simultaneously innovating to cater to evolving consumer preferences for sustainable and healthier oil options. However, the market faces certain restraints. Fluctuations in crude oil prices directly impact edible oil production costs, influencing market pricing and profitability. Additionally, concerns regarding the health implications of excessive oil consumption and the growing popularity of alternative cooking mediums such as olive oil and avocado oil exert competitive pressure. Furthermore, geopolitical instability and climate change pose risks to supply chains and crop yields, impacting overall market stability. The geographical distribution of market share reveals strong regional variations, with APAC (specifically China and India) expected to remain key growth drivers due to their expanding populations and evolving consumption patterns. North America and Europe, while mature markets, will continue to contribute significantly to the market value, although growth rates will likely be more moderate compared to APAC. Successful companies will need to adapt to these market dynamics through strategic investments in sustainable sourcing, product diversification, and robust supply chain management.

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Sunflower Market Size 2024-2028

The sunflower market size is forecast to increase by USD 9.6 billion at a CAGR of 6.38% between 2023 and 2028. The market exhibits significant growth, driven by the increasing demand for health products derived from sunflower oil. This demand is fueled by consumers' preference for edible oils that offer various health benefits, such as essential fatty acids and vitamin E. Furthermore, advancements in agriculture have led to the production of high-yielding sunflower hybrids increasing supply. However, the market faces challenges due to the volatility in oilseed crop prices, which can be attributed to the limited availability of arable land and seasonal weather conditions. This financial support facilitates access to high-quality seeds, advanced farming techniques, and efficient processing technologies. Additionally, the market for sunflower products extends beyond oil, with growing trends in snacks, bakery items, and autumn beauty products utilizing sunflower seeds and oil. Companies are capitalizing on this trend by offering a range of sunflower-based products, from black oil sunflower seeds to medical-grade sunflower oil. The market is poised for continued growth, as consumers seek out healthier alternatives and innovative uses for this versatile crop.

What will be the Size of the Market During the Forecast Period?

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The market in North America is a significant player in the agricultural and industrial sectors. The market encompasses various applications, including sunflower oil production, sunflower seeds for edible and decorative purposes, and biofuel production. Sunflowers, scientifically known as Helianthus annuus, are popular for their large, vibrant yellow flowers that symbolize autumn beauty and the Aztec sun. They offer numerous benefits, from edible uses to cosmetics and industrial applications. Sunflower oil, derived from sunflower seeds, is rich in essential fatty acids, including linoleic acid and oleic acid.

Moreover, these healthy fats contribute to the oil's high smoke point, making it a popular choice for cooking and food service providers. Additionally, sunflower oil is rich in vitamin E, an antioxidant that benefits both human health and the cosmetics industry. Sunflower seeds are consumed for their nutritional value, particularly their high protein and healthy fat content. They are also used for decorative purposes, such as bird feed and sunflower seed packets for gardening. Magnetic seed treatment, a modern innovation, enhances sunflower seed germination and growth. This technology improves the overall yield and quality of sunflower crops, making it an essential investment for farmers.

Furthermore, the food industry segment is a significant consumer of sunflower seeds and oil. Sunflower oil is used in various food applications, from baking and frying to salad dressings and sauces. Sunflower seeds are consumed as snacks, added to trail mixes, and used in baking and cooking. The cosmetics industry sector also benefits from sunflower derivatives. Sunflower oil and sunflower seed extracts are used in skincare and haircare products due to their moisturizing and antioxidant properties. Sunflower seeds and oil are also used as biofuel feedstocks. The production of biodiesel from sunflower oil is a sustainable alternative to traditional fossil fuels, contributing to the reduction of greenhouse gas emissions.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Oilseed
  Non-oilseed


Geography

  Europe



  APAC

    China


  South America

    Argentina


  North America



  Middle East and Africa

By Type Insights

The oilseed segment is estimated to witness significant growth during the forecast period. Sunflower oil, a popular health product derived from sunflower seeds, holds a significant market share in the health foods sector, particularly in countries like China and India. The Food Safety and Standards Authority of India (FSSAI) ensures the safety and authenticity of sunflower oil by regulating the use of organic ingredients. This region's preference for organic edible oils, including sunflower, canola, coconut, and soybean, is driven by their numerous health benefits. The increasing concern over oil adulteration has led consumers to opt for approved organic options, thereby fueling the demand for these products. As a result, the sales of organic edible oils are projected to grow substantially in the Asia Pacific (APAC) region during the forecast period.

In addition to their edible uses, sunflowers are also popular for their ornamental value and as snacks. For instance, the Chianti Hybrid sunflower is a decorative variety, while

The India cooking oil market was valued at 24.4 Million Tons in 2023, with insights into growth, trends, and challenges. Ken Research offers detailed analysis for strategic planning.

India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data was reported at 312.400 1981-1982=100 in Mar 2000. This records a decrease from the previous number of 312.500 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data is updated monthly, averaging 234.200 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 441.700 1981-1982=100 in Sep 1998 and a record low of 93.900 1981-1982=100 in Feb 1983. India Wholesale Price Index: 82p: Average: Manufactured Products: Food: Edible Oils: Solvent Extracted Groundnut Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH130: Wholesale Price Index: 1981-82=100: Manufactured Products: Food. Rebased from 1981-82=100 to 1993-94=100. Replacement series ID: 19633601