A Survey of Edible Oil Policies and Market in India


Book Description

Oilseeds and oilseed products emerged during the 1990s as one of the fastest growing components of global and United States agricultural trade, with developing countries accounting for most of the growth in both supply and demand. Many developing countries including India have become the principal source of growth in demand for feed proteins and edible oils. This paper explains the impact of national policies for oilseed, edible oil and related industries. It includes trade policies, industrial establishment policies and global best practices adoption into edible oil industry in India. This paper also covers the marketing aspects of the Indian edible oil industry with respect to local market and global trade. Government policies towards producers, processors, and traders are discussed in this paper. These policies affect oilseed production, trade, and processing in India and policy change is likely to play a major role in the future growth and composition of India's oilseed and product trade.




Emerging Investment Opportunity in Edible Oil Industry in India- Why to invest, Project Potential, Core Financials (Refined Rice Bran Oil), Business Prospects, Potential Buyers & Analysis


Book Description

Indian edible oil sector has its feet firm in the ground as demand gets skewed towards the premium and healthy segment. The industry has seen a surge in demand for variants like olive oil and rice bran oil which are earmarked as ‘healthy edible oils’. Indian population is getting more and more health conscious and has been non hesitant in paying a price for their health. NPCS recognizes the veiled business opportunity in this segment and has identified Rice Bran Oil Refining project as a promising investment option. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line. And before diversifying/venturing into any product, they wish to study the following aspects of the identified product: • Good Present/Future Demand • Export-Import Market Potential • Raw Material & Manpower Availability • Project Costs and Payback Period We at NPCS, through our reliable expertise in the project consultancy and market research field, have demystified the situation by putting forward business prospects of Rice Bran Oil Refining project through our report ‘Emerging Investment Opportunity in Edible Oil Industry in India- Why to invest, Project Potential, Core Financials (Refined Rice Bran Oil), Business Prospects, Potential Buyers & Analysis’. Rice bran oil refining project satisfies all the above mentioned conditions and presents a valuable business opportunity. Through our report, we analyze the sector in various lights by covering aspects like product details, reasons for investing in the sector, potential buyers and cost and profitability of rice bran oil refining project. The report begins by discussing the overview of the Indian edible oil sector with its structure & classification and later identifies potential consumer group for the product. The factors that make a case for investing in the sector are profoundly elaborated in the report supported by graphical representation and forecasts of key data indicators. The report identifies growing population, urbanization, rising incomes, modern trade and health consciousness as key value drivers that will benefit the industry in the near future.The other sub sections talks about excise and customs duty on edible oils, contact details of the players operating in the segment and a forward looking statement for the sector. Moving to the very core of the report, project details segment includes vital information that is required while setting up a rice bran oil refining project. It provides product details like definition, characteristics and application, manufacturing process, raw materials required, list of machinery and key project financials. The project financial sub section provides details like plant capacity, costs involved in setting up of project, working capital requirements, payback period, projected revenue and profit. The industry has all the triggers in place to ensure a smooth ride in future. The favorable consumer dynamics of Indian market like rising disposable incomes, escalating population, urbanization and fast growing health consciousness among Indian population has kept the industry at high pedestrian. Reasons for buying the report: • This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, market potential of the product and reasons for investing in the product • This report provides vital information on the product like its definition, characteristics and segmentation • This report helps you market and place the product correctly by identifying the target customer group of the product • This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials • The report provides a glimpse of important taxes applicable on the industry • The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions Our Approach: • Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years. • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report




Market Research Report on Edible Oils in India (Present Status, Future Prospects, Industry Growth Drivers, Demand Scenario, Opportunities, Company Financials, Market Size, Sector Insights, Analysis & Forecasts upto 2017)


Book Description

Edible oil sector in India is riding high on consumption boom in India. The sector has been witnessing a shift in consumer preferences, on the back of rising health awareness among population, which will be the key benefactor for its growth going ahead. To enable a better understanding of the industry status and prospects, Niir Project Consultancy Services has released a new research report titled ‘Market Research Report on Edible Oils in India (Present Status, Future Prospects, Industry Growth Drivers, Demand Scenario, Opportunities, Company Financials, Market Size, Sector Insights, Analysis & Forecasts upto 2017)’. The report analyzes Indian edible oil sector in profundity by sharing industry vitals like present status, structure, growth drivers, opportunities, demand-supply scenario and financial details of industry players. The report first focuses on the basic details of the industry like its structure and classification and then moves ahead with the growth potential analysis. It captures the future prospects of the industry by scrutinizing demand drivers and existing growth opportunities for edible oils in India. The analysis so established is meticulously expounded and supported by graphical representation and forecasts of key indicators. The report identifies growing population, urbanization, rising incomes and health consciousness as key value drivers that will benefit the industry in the near future. It further talks, in detail, about the present as well as the future demand supply scenario of edible oils in India. India produces a very trivial quantity of edible oils out of its total estimated demand and hence is largely dependent on imports. The demand supply situation in the sector is analyzed in various lights by studying the total consumption of edible oils in the country, per capita consumption, domestic production of edible oils, production of oil seeds and imports of edible oils in India. The report also includes forecasts of the total consumption numbers with respect to changes in the per capita consumption of edible oils. Although India is the largest producer of oilseeds in the world, a lot is left to be done to ensure self-sufficiency in edible oils. It also lists the prevalent excise and customs duty rates on edible oils. The report then moves ahead to give business and financial details of incumbents in the industry which gives a fair view of the competition in the sector. It covers business profiles of companies like K.S Oils Ltd, Adani Wilmar Ltd, Ruchi Soya Industries Ltd and Marico Ltd holding brands like Fortune, Saffola, Sunrich, K S Gold etc. The next segment provides complete financial details of edible players in the country. It covers contact information like address of registered office, director’s name and financial comparison covering balance sheet, profit & loss account and several financial ratios of the players. The report ends with a promising outlook of the sector. The industry has all the triggers in place to ensure a smooth ride in future. The favorable consumer dynamics of Indian market like rising disposable incomes, escalating population, urbanization and fast growing health consciousness among Indian population has kept the industry at high pedestrian. All these factors will be the growth benefactors of edible oils in the near future. Also, although Indian per capita consumption of edible oils is on the rise, yet we still lag behind the developed nations of the world which construes as a massive opportunity for edible oil players. Changing consumer preferences towards healthy oils will fuel the growth in small niche segments which were not explored till now and will send growth ripples across the segments (laterally as well as perpendicularly). The industry being highly fragmented in nature restricts the accurate estimation of its market size. However we estimate the edible oil consumption to cross 21 million tonnes mark by 2017. Reasons for Buying this Report: • This research report helps you get a detail picture of the industry by providing overview of the industry along with the market definition, structure and its components • The report provides in-depth market analysis covering major growth driving factors for the industry and opportunities prevalent • This report helps to understand the present status of the industry by elucidating a comprehensive scrutiny of the demand – supply situation with forecasts • Report provides analysis and in-depth financial comparison of major players/competitors • The report provides forecasts of key parameters which helps to anticipate the industry performance Our Approach: • Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years. • The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players • We use reliable sources of information and databases. And information from such sources is processed by us and included in the report




A Study on Consumer Brand Preference on the Consumption of Cooking Oil of Various Income Groups in Chennai


Book Description

Indian markets from low-involvement to high-involvement product categories have been experiencing sweeping changes in the past decade. Changing lifestyles, fragmented market segments and consumer preferences, and intense competition from the brands of multinational corporations (MNCs) have made branding strategies a prerequisite for marketing success. India has been going through radical changes in the marketing arena in the last decade. Globalization in terms of multinational corporation (MNC) brands entering Indian markets, the emergence of young professionals in urban areas, the opening up of luxury and leisure markets, the impact of mass media and the influence of Westernization are some of the critical aspects which have forced Indian marketers to adopt branding strategies. These strategies have been formulated against the backdrop of an Indian culture which is strongly entrenched in the consumer psyche, and amidst changes in the social environment. Each year, India consumes over 10 million tonnes of edible oils. Edible oils have a high penetration of 90% in India. However, per capita consumption of edible oils is around 11 kg per year. The Indian edible oil market is the world's fourth-largest after the USA, China and Brazil. A growing population, increasing rate of consumption and increasing per capita income are accelerating the demand for edible oil in India. This paper analyses the trend in edible oil consumption and also attempt has been made by the researcher to assess the consumer behavior on consumption of edible oils from various income groups. In India, most vegetable oil is purchased by household or industrial buyers (food processors, restaurants and hotels) for frying or baking needs and is sold as loose oil or vanaspati (partially hydrogenated vegetable oil). Only a small percentage of edible oils are sold in branded form at the retail level. Therefore Efforts will be made by the researcher to find out what kind of edible oil people consume, since there are varieties of edible oil like Palm oil, soya bean oil, mustard oil, groundnut oil, rice barn, and cotton seed oil and so on. For this purpose the researcher would be undertaking a survey taking using a pre planned structured questionnaire to test the influence factors of the customers to buying a particular brand of oil, to buy particular edible oil, amount of consumption, point of purchase and so on. Cluster sampling technique will be followed as customers of edible oil from high income, middle income and low income will be considered for this study. Based on the responses the researcher will have an idea about the fastest moving and the most preferred brand of edible oil , choice of a particular variety of edible oil , amount of consumption of edible oil and so on , most importantly all these information will be gathered based on the demographic profile of the consumers based on income composition.




Oilseed Production in India


Book Description

This book analyses the performance and potential of India’s oilseed sector, identifies the major constraints facing the industry and suggests options for increasing the country’s oilseed production and productivity, taking into account the changing policy environment, increasing demand, slow growth in domestic production and rising imports. India as the world’s largest producer of oilseeds, accounts for about 7-8 per cent of global vegetable oil production. However, the growth in domestic production has not kept pace with the growth in demand. Low yields and high production and market risks due to lack of irrigation facilities and effective risk management have been responsible for widening the demand-supply gap over the years, and the country now imports more than half of its oilseed for domestic consumption. The Technology Mission on Oilseeds (TMO), launched in the mid-1980s, helped achieve self-sufficiency in edible oil production through the spread of technology and the provision of market support. However, increasing demand for edible oils necessitated imports in large quantities, leading to a substantial drain on foreign exchange. Given the competing demands on agricultural land from various crops and enterprises, the production of oilseeds can be increased only if productivity is improved significantly and farmers receive remunerative prices and have assured market access. However, farmers face various constraints in oilseed production; several biotic, abiotic, technological, institutional and socio-economic constraints inhibit exploitation of the full yield potential of crops, which need to be addressed. The book explores these issues using data collected from about 2,000 oilseed growers: 490 soybean farmers, 316 rapeseed-mustard growers, 470 groundnut farmers, 250 sesamum farmers and 470 sunflower growers from selected Indian states. It would be of immense use for scholars and policy makers alike who are working in this field.







The Indian Oilseed Complex


Book Description




Policy Options for India's Edible Oil Complex


Book Description

Stagnating oilseed yields for the last two decades and an inefficient and underutilised processing sector have resulted in an uncompetitive complex in India. The country's commitments at the World Trade Organisation have led to increased edible oil imports and a simultaneous decline in area under oilseeds. India needs a long-term edible oil policy to improve competitiveness by bridging the existing technology and yield gaps.