How To Start Edible & Non Edible Oil Industry
Various edible oils extracted from natural seeds such as olives, groundnuts and soya bean has become quite popular these days. Globally, this concept is on a major rise. United States of America, as usual, is leading the way. The annual production of various edible oils is currently crossing 16 billion pounds.
This level of heavy production can be owed to the increase in demand for such products. People are making more and more money and can afford edible oils. The demand and sale of edible oils is increasing alongside people’s salaries. These oils can be used for cooking, especially for those people who are health conscious or have certain allergies. The extraction of oils from their seeds has a lot of potential yet to be realized. A lot of money making can be done in this area. Production of Oilseeds is something of a talent for our country. We are their largest producer. Our agricultural sector Is also greatly benefited by the production of oilseeds.
Edible oils and their seeds are very essential and very delicate commodities. These need to be grown with the utmost care and technique. 26 million hectare of India’s land is allotted to oilseed production. A 1000kg of oilseeds are produced in each hectare of land. But, in spite of the huge numbers, we are not exactly self-reliant. We still have to import a lot of our oil seed needs.
Thanks to our diverse climatic zone, India is the mother land of many different type of oil seeds. Castor, linseed, sesame, you name it and we produce it all. Sunflower and soya bean, of course, remain to be the most popular in the recent years. Other less popular but most essential oils include cottonseed and rice bran. We have around 15 thousand oil mills, some 600 extractions units and about 250 to 400 refining units, with efforts being made to open up more.
According to recent researches being conducted upon this subject, it has been noted that the demand for seed extracted oils is expected to reach 29.5 million tons in the coming years. Refined and crude oil are being imported. But, most of the oil being sold is not branded. 80 to 90 percent of edible oil is being sold as unbranded. This is expected to change, as people are growing more and more conscious of brands and brand names. Also, the price difference between the branded and non-branded oils is slowly coming down. This, along with the growing demand for premium quality is set to make the branded edible oils a lot more popular. As of now, Marico, ITC, Godrej foods, Ruchi etc can be named as the major players of the market. At times like these, if a person would like to venture into the field of extracting edible oils from their seeds, the potential for success is huge. The demand and the customer base is only going to increase in the coming years.