Market Size of India White Oil Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | < 2.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India White Oil Market Analysis
The Indian white oil market was valued at 304,355.11 Kilo liters in 2021 in volume terms and is expected to register a CAGR of 1.69% during the forecast period (2022-2027).
White oils are highly refined mineral oils that are extremely pure, stable, colorless, odorless, non-toxic, and chemically inert. COVID-19 has significantly impacted India's white oil market, but it is expected to recover in the forecast period.
- The improving lifestyle and growing demand for cosmetics are expected to drive the market. Also, considering a huge potential in the pharmaceutical industry, white oil finds a major application in the above industry.
- The availability of substitute products is likely to hinder the white oil market.
- The market opportunities include its possible usage in the food and beverage industry.