India palm oil market size is anticipated to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc 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. Full Research Report On India Palm Oil Market By Grand View Research: www.grandviewresearch.com/industry-analysis/indian-palm-oil-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/renewable-chemicals 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)
www.grandviewresearch.com/press-release/indian-palm-oil-market-analysis 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 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: www.grandviewresearch.com
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