India Edible Cottonseed Oil, Soybean Oil & Corn Oil Market Outlook, 2025
While cottonseed oil is one of the primarily used oil, the corn oil and soybean oil can be termed as comparatively newer oil. Cotton is an important cash crop in India, being a major raw material for textile industry, have made its robust position in the Indian edible oil industry with its light colour and a non-oily consistency, which makes it suitable for all Indian cuisines. Extracted from the seeds of the soybean plant, with a mild neutral taste, the oil fits nearly all recipes and thus is gaining much popularity among the consumers. Delicious in any form consumed, just like corn, the corn oil obtained from the corn germ, is an excellent choice for frying with resistance to smoking or discoloration. The specifics of these oils, are their characteristics no alteration in the taste of the food and the availability at a considerate price range and being loaded with health benefits. As a conclusion of the report published by the Bonafide Research named 'India Edible Cottonseed Oil, Soybean Oil & Corn Oil Market Outlook, 2025', the total edible oil market was recorded at INR 189426 Crore in the year 2014, out which the three oil is expected to grow to a market of more than INR 98000 Crore by the end of the forecasted period. In terms of production, cottonseed oilseed are expected to have a very minimal growth, and thus ranging to a production slightly more than 0.05 Million tonnes by the end of the forecasted period. Against to this expected market, the soybean oilseed is expected to show a profitable increase, crossing 1 Million Tonnes of production. Commenting on India's soybean oil consumption pattern, it can be said that, Indians may continue to prefer lower-priced palm oil over soybean oil because of price competitiveness. Yet there have been a huge increase in the soybean production from about 32 thousand hectares in 1971-72 to about 10911 thousand hectares in the year 2014-15. The cottonseed in spite of being majorly cultivated in the western region, the major use of cotton is restricted to the textile industry and much lesser concentration given to the oil production which therefore underutilized with current recovery of oil alone, being only about two third of its potential. Still, the cottonseed oil has become an important source of edible oil and is now the third largest contributor to the domestic edible oil supply. In context to the well known fact that the Indian consumers are price sensitive, the corn oil should have been much popular, as it is generally less expensive than most other types of vegetable oils. In view of the availability of a variety of oilseed crops for edible purpose, in India, corn oil is not very popular for domestic uses, as it does not constitute a part of conventional food recipe in the country. This is the principal reason for less popularity of corn oil for the cooking purpose, holding less than 60% of the market share. Nevertheless, the oil has much popular in industrial applications in soap, rust proofing for metal surfaces, inks, textiles, nitro-glycerine, and insecticides. The market of these three oils, are dominated by the organized market, both in terms of value and volume. While the soybean oil and cottonseed oil have a contribution of more than 75% from the organized markets, the corn oil have a contribution of less than 70%, in the year 2019. It can be excepted that the market will show an increasing trend in general, with the consumers being more aware of the adulteration and the need of consuming a better quality product.
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