India’s generation of used cooking oil has nearly doubled in the past ten years along with doubling per capita edible oil use. Edible oil use, created both in homes and in large food manufacturing and service businesses, is the residual oil from frying and cooking.
The Indian edible oil sector is fragmented, with 13% of oil sold unbranded. In the last five years, the edible oil retail industry has grown consistently at a CAGR of 6% and is expected to be worth around’1,79,500 crore. The unbranded market accounted for ‘23,500 crores of the entire market.
The market is expected to rise to 2,38,000 crore by FY 2024-25, with the unbranded market valued at 24,000 crores, indicating the industry’s formalization, with organized companies gaining market share from the unorganized sector.
Read the analysis to know more about the industry.
Credits:- Tushar Pandey and Thirumala Vamshi G
VittArth | Konsult | VittNivesh 