(Entertainment-NewsWire.com, July 01, 2024 ) India is a major manufacturer of oilseeds, producing an estimated 36.56 million tons of nine new oilseeds in 2020-21
Groundnut, Sesame, Linseed, Castor are commonly cultivated oilseeds, with Soybean, Sunflower being major edible oils. South and West India has a preference for Groundnut oil, East and North India prefer for Mustard oil, Rapeseed oil. South India pockets preference for Coconut and Sesame oil while Northern zone: prefers for Vanaspati (hydrogenated oil blend).
Per capita consumption increased from 15 kg (2012-13) to 19 kg (2015-16), with domestic production only covering 30%. MMR estimates that additional 3.6 MTs of oil can be produced by closing the yield gap. Potential to expand oil palm cultivation by 1.9 million hectares, producing an additional 7.6 MT of edible oil.
Maximize Market Research is leading in Food & Beverages research firm, has also published the following reports:
Ginger Oil Market: Industry Analysis and Forecast (2024-2030)- By Nature, Method of Extraction, End-User Industry, and Distribution Channel Global Ginger Oil Market is expected to reach USD 12.10 Bn by 2023 from USD 15.60 Bn in 2030 at a CAGR of 3.7 % during the forecast period.
Rice Bran Oil Market: Global Health Consciousness Trend and Food Industry Embracing Healthier Options to Fuel the Market Growth over the Forecast Period. Rice Bran Oil Market size was valued at USD 7.21 Bn in 2022 and is expected to reach USD 13.52 Bn by 2029, at a CAGR of 9.4%.
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