Investment Opportunity in Edible Oil Manufacturing Unit. Edible Oil Refinery Plant (Sunflower, Groundnut & Rice Bran Oil). Cooking Oil Production.
Sunflower Oil:
Sunflower oil is the non-volatile oil compressed from the seeds of sunflower. Sunflower oil is commonly used in food as frying oil, and in cosmetic formulations as an emollient. It is commonly used as cooking oil as well as in cosmetic formulations due to its emollient properties. Sunflower seed oil is extracted from the black seeds as well as the entire flower.
The sunflower oil benefits are surplus. Sunflower oil has a large number of benefits that help in keeping the body healthy and strong. Though it is included in the list of high fat items, it is gaining popularity as cooking oil due to its wide variety of health-enhancing nutrients. The perfect balance of monounsaturated and polyunsaturated fats makes it perfect for reducing the levels of bad cholesterol. Thus, more and more people are incorporating it in their diet. Some of the benefits of sunflower oil for health are given below.
Groundnut Oil:
Groundnut is also known as goober, pinder, groundnut, earthnut and ground pea. Peanut oil is natural sweet and flavoured edible oil. Refined peanut oil has a light yellow color and a neutral taste.
This is extracted from pressing peanut kernels. In addition to extracting the oil, peanuts are eaten raw or roasted, and used in cooking and bakery as well. Peanut oil is very high on energy, has a very high burning and smoking point, and contains monounsaturated fats, Vitamins A, D and E Groundnut oil, also known by other names such as groundnut oil and arachis oil, is a type of vegetable oil commonly used in cooking that is derived from peanuts.
Peanut oil comes in a number of varieties, including refined, unrefined, roasted, and cold-pressed, which have slight differences in their nutritional value and health benefits. Generally, people use peanut oil in their cooking for the interesting flavor that it gives to the food, particularly if you use the roasted variety, as well as the fact that it is healthier than many other types of oil.
Rice Bran Oil:
Rice bran oil is an increasingly popular vegetable oil that offers many advantages over standard vegetable oils that millions of people commonly cook with all over the world. Rice is one of the most widely available and popular foodstuffs on the planet, and rice bran oil is extracted from the germ and the husk of rice kernels.
Rice bran oil is most commonly used in Asian cultures, including Japan and China, primarily because rice is already such a staple food in their cuisines. However, rice bran oil is becoming increasingly popular in other parts of the world because of its relatively low price point and the many health benefits that come from using it in food preparation.
Few Indian Major Players are as under
• A D M Agro Inds. Latur & Vizag Pvt. Ltd.
• Acalmar Oils & Fats Ltd.
• Dhara Vegetable Oil & Foods Co. Ltd.
• Emami Agrotech Ltd.
• Gemini Edibles & Fats India Pvt. Ltd.
Market Outlook
Edible oil industry in the India, which is hugely driven by import of edible oils, registered revenues of INR ~ billion in FY’2012. With an increase in consumption of edible oils in the country, the revenue of edible oils had inclined by 30.8% compared to FY’2011. Each segment in the edible oil industry is subject to a gamut of different factors such as price hikes and change in government policies play an important role in determining their respective revenues. The edible oil industry in the India has grown at a CAGR of 13.1% from INR 638.4 billion in FY’2009 to INR ~ billion in FY’2014. The competition in India edible oil market is highly fragmented owing to the presence of a large number of organized as well as local and unorganized players. The major players are Cargill, Adani Wilmar, Ruchi Soya, Agrotech Foods, and others.
India is the second-largest producer of Rice bran oil after China and the country has the potential to produce more than 1.4 million tonnes of rice bran oil. Rice Bran Oil market in India is still at its nascent stage, but the segment has showcased immense growth in the past few years. In FY’2012, the market for Rice Bran Oil in India grew at a sizeable growth rate of 14.0%.
The Indian per capita consumption for edible oil is expected to grow from the current consumption levels of ~16kg to ~24 kg’s by 2020 with a conservative CAGR of ~6% & 1% (Historical Growth rates) for Total edible oil consumption and Population respectively.
Edible oil consumers in India are increasingly turning towards Sunflower Oil, which has witnessed an increase in consumption by about five-fold rise over the past 15 years.
Sunflower oil market in India has showcased a promising growth in revenues during the past few years. The sunflower oil market revenues during the period FY’2009-FY’2014 has surged at a healthy CAGR of 3.2%.
The edible oil market is expected to be dominated by various national and multinational players due to the increasing import dependence of the country in the near future. Rice bran oil market are expected to be the fastest growing category in the entire edible oil segment with Oils such as Mustard, Sunflower, Groundnut and Cottonseed tend to remain region specific in the near future with a moderate fluctuation in their prices.
India imports around 15 million tonnes of edible oil to meet the country’s local consumption of around 25 million tonnes. Countries like Malaysia and Indonesia continued to promote their own refineries through levy of export duty on crude oil and exemption on refined oil.
The global edible oil market is anticipated to witness a substantial growth owing to increasing popularity of unrefined, unprocessed, healthy, and organic oil. In the coming years, vegetable oils with low cholesterol, fat, and calories are likely to gain high response due to growing health awareness among people across the world. In addition, major improvement in retail network, increasing crop yields, oil production, and growing economies are some of the prominent factors supporting the growth of the global edible oil market.
The market for edible oil can be segmented on the basis of type, end-users, and geography. In terms of type, the market can be classified into palm oil, canola oil, olive oil, sunflower oil, specialty blended oil, and corn oil. Increasing consumption of fried foods has significantly increased the demand for edible oils. Based on end-users, the marker for edible oil can be divided into food processor, food service, and retail. Improving living standards, changing dietary habits, and increasing consumer preference for healthy edible oil supporting the growth of the global edible oil market.
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