“India Diabetes Care Cooking Oil Market Analysis & Opportunity Outlook 2024”
The India diabetes care cooking oil market is segmented by distribution channel such as super markets, hypermarkets, departmental stores and online stores. Further, growing e-commerce business and rising consumer preference for online shopping are some of the key factors which are predicted to bolster the growth of online channel segment during the forecast period. Apart from this, growing consumer’s inclination towards healthy life style in India is anticipated to escalate the consumption of diabetes care cooking oil in future.
India diabetes care cooking oil market is expected to register a notable CAGR over the forecast period. Moreover, presence of large base of geriatric population in India and increasing occurrence of obesity in population of India are expected to escalate the demand for diabetes care cooking oil over the forecast period. Furthermore, high incidence of diabetes in urban areas and rapid urbanization in country are key reasons behind the growth India diabetes care cooking oil market.
The prevalence of diabetes in urban areas of India was 11.2% as compared to 5.2% in rural areas. Increasing health-conscious population, who are adopting preventing methods to avoid incidence of diabetes are the major consumers of diabetes care cooking oil. Moreover, the increasing consumer awareness and knowledge regarding the benefits of diabetes care cooking oil has propelled the growth of the India diabetes care cooking oil market.
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Growing Geriatric Population
According to International Diabetes Federation, around 798,988 people suffering from diabetes are currently living in India. Large base of obese population and presence of large geriatric population base in India is increasing the demand for diabetes care cooking oil.
Rising Prevalence of Diabetes
The prevalence of diabetes in India geriatric population is 8.7%. Further, high occurrence of diabetes in geriatric population is likely to increase the demand for diabetes care cooking oil in country. Although, high cost of diabetes care cooking oil as compare to other cooking oil and presence of poor quality of products by local manufacturers are some of the factors that are likely to inhibit the growth of the India Diabetes Care Cooking Oil Market in the near future.
The report titled “India Diabetes Care Cooking Oil Market Analysis & Opportunity Outlook 2024” delivers detailed overview of the India diabetes care cooking oil market in terms of market segmentation by price range and by distribution channel. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the India diabetes care cooking oil market which includes company profiling of Fortune VIVO and Agro Global Resource Pvt. Ltd. Some other key potential companies that may enter into manufacturing of diabetes care cooking oil in India are, KNG AGRO FOOD (P) LTD, IVO Wellness Pvt. Limited, Leonardo Olive Oil, KPK Oils & Proteins India Pvt. Ltd, OLEEV.IN, Kira Food Products Pvt.Ltd., Pavithram Oil and Sastha Oil. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the India diabetes care cooking oil market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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