According to the latest report of the IMARC group, entitled “India Soybean Oil Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026″, the soybean oil market in India is expected to show strong growth during the period 2021-2026.
Soybean oil is an edible vegetable oil naturally extracted from the endosperm of soybeans. It is a rich source of polyunsaturated fats, omega-3 fatty acids, and vitamins K and E. These nutrients help lower bad cholesterol levels, reduce the risk of heart disease, strengthen bones, and improve immunity. In addition to this, topical application of soybean oil promotes healthy skin by protecting against inflammation. It has a high smoke point, making it ideal for cooking and baking in domestic and commercial spaces.
The increasing application of soybean oil in the pharmaceutical industry due to its high vitamin E content is one of the major factors driving the Indian soybean oil market. Additionally, growing consumer health awareness has led to the introduction of healthier product variants, which is supporting the growth of the market. The growing popularity of international cuisines across India along with the wide-scale use of soybean oil to prepare various condiments, non-dairy creamers and whipped toppings is further driving the market growth. Moreover, the increasing use of soybean oil in the personal care and cosmetics industries is creating a positive outlook for the Indian market.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2021-2026 Indian Soybean Oil Market Analysis and Segmentation:
The competitive landscape of the industry has also been reviewed along with the profiles of key players.
The report has segmented the market on the basis of packaging type, packaging material, packaging size, domestic manufacture/import, application, distribution channel, and region.
Breakdown by type of packaging:
Breakdown by packaging material:
For more information on this report, visit: https://bit.ly/3uKHlvk
Breakdown by package size:
Less than 1 liter
1 Liter – 5 Liter
5 Liters – 10 Liters
10 liters and more
Breakdown by domestic manufacture/imports:
Breakdown by application:
Other industrial uses
Breakdown by distribution channel:
Supermarkets and Hypermarkets
Breakdown by region:
West and Central India
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