The Indian edible oil or cooking oil industry is highly fragmented. This has led to a drastic change in the consumption pattern of Indian consumers. The purpose of this article is to provide aspiring entrepreneurs with a list of profitable edible oil business ideas and a beginner’s guide on the steps to follow to start an edible oil manufacturing unit.
Apart from cooking, cooking oils have many other uses and have applications in various industries. The Indian edible oil market continues to penetrate and thereby holds enormous business opportunities. Consumption of vegetable oil has increased due to an increase in overall household income, surging retail sector, increasing health awareness, growing population, etc.
As overall household income increases, the market is growing at a very fast pace. Also, growing retail trade, increasing health awareness, increasing population and increasing demand are the main reasons for the growth.
20 Edible Oil Manufacturing Business Ideas
Almond oil is a rich source, with values ranging from 36 to 60% of kernel dry mass. Not only is almond oil good for your skin, but it is also edible and a healthy alternative to many cooking oils.
Castor oil is vegetable oil. Some of the common usages are in food additives, flavorings, candy, etc. Apart from this, it is beneficial in storing rice, wheat, and pulses from rotting. Additionally, castor oil is an essential item in soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold-resistant plastics, waxes and polishes, nylon, pharmaceuticals, and perfumes manufacturing industries.
Celery Seed Oil
In general, celery seed oil is good essential oil. It also has medicinal properties. However, this oil has culinary uses. If you live in an area where celery seeds are abundant, you can start an oil extraction business.
Coconut oil is an important cooking medium in the southern parts of the country, especially in the states of Kerala and Karnataka. In addition, the oil has various industrial uses. You can start a small-scale coconut oil manufacturing business without much investment.
Corn oil or corn oil is important cooking oil. It is also an important ingredient in the manufacture of margarine. Corn oil is generally less expensive than other vegetable oils. A small-scale manufacturing operation is profitable.
Cottonseed oil is essential cooking oil. You can extract the oil from the kernel. Cottonseed oil is used in salad oil, mayonnaise, salad dressings, and similar products because of its flavor stability.
Flax Seed Oil
Flaxseed oil contains omega-3 and omega-6 fatty acids, which are essential for health. Generally, this oil is available in liquid and soft gel capsule forms. The oil has a variety of medicinal properties.
It is popular cooking and salad oil. It is widely used in baked goods, pancakes, and waffles. Commercial oil extraction is very profitable.
Groundnut is a popular food all over the world. This oil is the number one edible oil exported from India. Also, It is a premium oil and its price is high.
This oil is used as a low-temperature cooking oil and makes a flavorful addition to salad dressings and dips, adding a nutty flavor profile. Delicious, flavorful, and aromatic, olive oil provides vitamin E, a powerful antioxidant that keeps your mind and hearing sharp.
Mustard oil is one of the most popular edible oil products in eastern and northern India, Pakistan, Nepal, and Bangladesh. Also, It is fatty vegetable oil. Mustard oil production is profitable. Plus, you can start small.
Olive oil is an expensive vegetable cooking oil. Apart from cooking, it is an essential ingredient in the manufacture of cosmetics, pharmaceuticals, and also soaps. Additionally, oil has great potential around the world.
Palm oil is edible vegetable oil. In India, a wide range of people use this oil as their main cooking medium. Palm oil is naturally red due to its high beta-carotene content.
Rapeseed oil is another important cooking oil worldwide. It comes from the black seeds of the oilseed rape plant Brassica napus. Small-scale rapeseed oil production business is profitable.
Rice Bran Oil
It is popular as a cooking oil in many Asian countries including Bangladesh, Japan, India, and China. Then, It is an oil extracted from the tough outer brown layer of chaff (rice husk) rice.
This is another popular vegetable oil. Additionally, commercial production of safflower oil is profitable. Safflower seed oil is tasteless and colorless, and also nutritionally similar to sunflower oil. Apart from cooking, cosmetics also make a lot of use of this oil.
Sesame oil is edible vegetable oil. It is also popular in Asia and is one of the earliest crop-based oils. The market for sesame oil is mainly located in Asia and the Middle East.
Soybean oil is a vegetable cooking oil. The manufacturing process is simple. Then any individual can start a small-scale soybean oil manufacturing business.
Sunflower oil is commonly used as a cooking oil and as an emollient in cosmetics. Now the world’s largest producers of sunflower oil are Russia, Ukraine, and Argentina.
The Vanaspati industry is the second largest food processing industry in India, after the sugar industry. It is the largest in Asia and the fifth largest in the world. It is a popular vegetable cooking oil.