Top 10 Best Edible Oil Manufacturing Company In India In 2022
Oils and fats are an important aspect of the modern diet and have been utilised in food preparation since the dawn of time. These are a good source of nutritional energy because they have more than double the calorific content of carbs. The functionality of oils and fats provides flavour to food and boosts its nutritional worth. They provide a concentrated source of energy, deliver critical building elements to the body, and act as a carrier for essential minor components like vitamins.
They also serve as a heat transfer medium at elevated temperatures, improve taste sensation, give texture and flavour to a wide range of foodstuffs, supply a concentrated source of energy, supply a concentrated source of energy, and provide texture and flavour to a wide range of foods.
Triglycerides are one unit of glycerol and three units of fatty acids, which are the building blocks that make up fats and oils. They are soluble in most organic solvents but insoluble in water. They have lower densities than water and can have solid, semisolid, or clear liquid consistency at room temperature. They’re called “fats” when they’re solid at room temperature and “oils” when they’re liquid at that temperature. Lipids, which includes fats and oils, is a large category that encompasses a wide range of chemical compounds.
It also contains mono- and diglycerides, phosphatides, cerebroids, sterols, terpenes, fatty alcohols, fatty acids, fat-soluble vitamins, and other compounds in addition to triglycerides.
Classification of Edible Oil- Source of Raw Material
Edible oil can be divided into three categories based on the source of raw materials:
- Animal Oil: This term refers to oil derived from animals, such as beef, pig, and fish.
- Vegetable Oil: Oils extracted/processed from plant roots, stems, leaves, fruits, flowers, or seeds tissue are referred to as vegetable oil. Soybean oil, rapeseed oil, cottonseed oil, peanut oil, sesame oil, rice bran oil, sunflower oil, corn oil, tea seed oil, flaxseed oil, safflower seed oil, and other vegetable oils are examples.
- Microbial Oil: Single-cell lipids, often known as microbial oil, are edible fats isolated and processed from microorganisms such as yeast, fungus, and algae.
Classification of Edible oil- Type of Processing Method Used
Based on the processing the edible oil receives, it can be classified into the following categories:
- Hot Pressed Oil: These oils are extracted by pressing them at high temperatures, which raises the acidity of the oil and causes it to lose much of its natural character. These oils must be refined before humans can consume them.
- Cold Pressed Oil: Unlike hot-pressed oils, the extraction process for these oils occurs at room temperature, around 27 degrees Celsius, resulting in a low acid value. These oil products can be ingested directly after precipitation and filtering, preventing chemical refinement.
- Leached Oil: Leached oil is obtained by extracting oil from a crushed plant/animal biomass mass using a solvent. The chemical structure of the solvent and the type of solute that will be removed from solid material are the most important factors in the leaching process. This is most likely due to the ‘like dissolves like’ principle.
- Refined oil: Store-bought edible oils are “RBD” oils. The oils in this category have been refined, bleached, and deodorised. Each stage is carried out to produce an oil with a uniform flavour, colour, and stability. As a result, regardless of the original oilseed type or grade, these oils are often tasteless, odourless, and colourless.
- Hydrogenated Oil: Because most oils are liquid at room temperature, several industries use hydrogenation to transform them into a more solid and spreadable consistency. Hydrogen molecules are introduced throughout this procedure to change the final product’s texture, stability, and shelf life. Hydrogenated oils are also utilised to improve the taste and texture of many baked items.
- Blended Edible Oil: A blended edible oil combines any two edible oils. The proportion of any edible oil employed in the admixture is at least 20% by weight. The blended mixture must be clear and free of rancidity, suspended or insoluble matter, or any other foreign matter, separated water, added colouring matter, flavouring substances, mineral oil, or any other animal and non-edible oils, argemone oils, hydrocyanic acid, castor oil, and tricresyl phosphate, argemone oils, hydrocyanic acid, castor oil, and tricresyl phosphate.
Fat is an essential component of our diet because it fulfils various physiological functions, including meeting energy needs, serving as a structural component of cells, serving as a precursor to multiple inflammatory mediators, providing energy reserves, and providing insulation against freezing temperatures in newborns. Its quality and amount significantly impact general health because it plays such a vital role in our meals and nutrition. As a result, oil manufacturers must pay extra attention to manufacturing oil safe for consumers’ health.
Edible Oil Scenario
Importance of Edible Oils in the Country’s Economy
Two of the most vulnerable essential commodities are oilseeds and edible oils. According to the Ministry of Agriculture’s 3rd Advance Estimates released on 25.05.2021, India is one of the world’s largest producers of oilseeds, and this sector plays a vital role in the agricultural economy, accounting for an estimated production of 36.56 million tonnes of nine cultivated oilseeds during the year 2020-21 (November-October).
Types of Oils in use in India
India is fortunate in that it has a diverse range of oilseed crops produced in its various agroclimatic zones. The traditionally farmed oilseeds include groundnut, mustard, rapeseed, sesame, safflower, linseed, nigerseed, and castor. In recent years, soyabean and sunflower have also gained popularity. Among the plantation crops, coconut is the most significant. Oil palm is being grown in Andhra Pradesh, Karnataka, Tamil Nadu, the northeastern sections of the country, and Kerala and the Andaman and Nicobar Islands.
Rice bran oil and cottonseed oil are the most major non-conventional oils. Furthermore, oilseeds from trees and forests, which occur primarily in tribally populated places, are an important source of oils.
Consumption Pattern of Edible Oils in India
India is a large country, and residents of various regions have evolved distinct preferences for specific oils, which are determined mainly by the oils accessible in the area. People in the South and West, for example, prefer groundnut oil, whilst those in the East and North prefer mustard. Rapeseed oil is a type of vegetable oil that comes from the rapeseed. Similarly, coconut and sesame oil are popular in some parts of the South. People in the northern plains are primarily fat consumers; therefore, they choose Vanaspati, a partially hydrogenated edible oil blend of oils such as soybean, sunflower, rice bran, and cottonseed.
Many new oils derived from tree and forest oilseeds have made their way into the edible pool primarily via the vanaspati route. Things have changed recently. All oils have been rendered virtually colourless, odourless, and tasteless through current scientific processes such as physical refining, bleaching, and deodorisation, and so have become easily interchangeable in the kitchen. Previously unknown oils, such as soyabean oil, cottonseed oil, sunflower oil, rice bran oil, palm oil, and its liquid component, palmolein, have suddenly made their way into the kitchen.
Raw oil, refined oil, and vanaspati account for around 35 per cent, 60 per cent, and 5 per cent of the overall edible oil market, respectively. Imports account for approximately 56 per cent of domestic edible oil demand, with palm oil/palmolein accounting for about 54 per cent. Refined palmolein (RBD palmolein) usage, as well as its mixing with other oils, has skyrocketed in recent years, and it is now widely utilised in hotels, restaurants, and the manufacture of a wide range of culinary products.
Major Features of Edible Oil Economy
Two primary characteristics have had a substantial impact on the growth of this industry. One was the establishment in 1986 of the Technology Mission on Oilseeds, which was later renamed the National Mission on Oilseeds and Oil Palm (NMOOP) in 2014. From the 2018-19 fiscal year, a decision was made to merge/convert/link Schemes/sub-Schemes/programs, etc., with similar components such as seed incentives, demonstrations, and farm implements, including effective water application techniques covered under NFSM and Oilseeds, under the revised NFSM.
This offered a boost to the government’s efforts to boost oilseed production. The production of oilseeds has increased dramatically, from around 11.3 million tonnes in 1986-87 to 33.22 million tonnes in 2019-20. Most oilseeds are grown on the marginal ground and highly rely on rainfall and other climatic factors.
The programme of liberalisation, under which the government’s economic policy allows greater freedom to the open market and fosters healthy competition and self-regulation rather than protection and control, has had a considerable impact on the current situation of the edible oilseeds/oil industry. Regulations and controls have been loosened, resulting in a highly competitive market dominated by domestic and multinational businesses.
Export-Import Policy on Edible Oils
To bridge the gap between demand and supply, the country must rely on imports. The importation of edible oils is governed by the Open General License (OGL). The government analyses the tariff structure of edible oils regularly to balance the interests of producers, processors, and consumers. The import tariff on all crude and refined edible oils, save Palm oil and Olive oil, was hiked to 35 per cent and 45 per cent, respectively, with effect from June 14, 2018, while the import duty on Olive oil was raised to 40 per cent.
The import duty on crude and refined palm oil has been revised to 37.5 per cent and 45 per cent, respectively, with effect from January 1, 2020. The import policy for refined palm oil has been changed from ‘free’ to restricted as of January 8, 2020. The import tariff on crude palm oil was reduced from 37.5 per cent to 27.5%, with effect from November 27, 2020.
The basic custom duty on crude palm oil has been decreased from 27.5 per cent to 15 per cent, and the basic custom duty on crude soyabean oil and crude sunflower oil has been reduced from 35 per cent to 15 per cent, according to the Union Budget 2021-22. Crude Palm Oil is subject to a 17.5 per cent agri-process, whereas Crude Soyabean and Crude Sunflower Oil are subject to a 20% agri-process. The effective rate of duty on Crude Palm Oil has risen from 30.25 per cent to 35.75 per cent as a result of this. The effective duty rate on crude soybean and crude sunflower oil stays the same, at 38.5 per cent.
Export of edible oil was banned w.e.f. 17.03.2008 to ensure the availability of edible oil in the country, and it was extended from time to time. Ricebran oil can now be exported in bulk starting February 6, 2015. Groundnut oil, sesame oil, soyabean oil, and maise (corn) oil can now be exported on March 27, 2017. With effect from April 6, 2018, all edible oils, except mustard oil, are now free to ship without regard to quantity, pack size, or other factors, unless additional orders are received. Mustard oil can be exported in packets of up to 5 kilogrammes, with a Minimum Export Price (MEP) of USD 900 per metric tonne.
The Top 10 Edible Oil Manufacturing Companies in India are listed below.
1. Ruchi Soya Industries ltd
Ruchi Soya is India’s largest producer of edible oil. Patanjali Ayurved purchased it in 2019. According to a survey issued by Deloitte Touche Tohmatsu, Ruchi Soya is rated 175 among the top 250 consumer products businesses in the “Global Powers of the Consumer Products Industry 2012.”
Ruchi Soya Industries Limited manufactures and sells edible oils, vanaspati, baking fats, and soya food primarily in India. There are additional soya chunks, granules, and flour products available. The firm is a member of the Ruchi Group. Agri-commodities, such as raw cotton, are exported by the corporation. It obtains material from close business contacts (directly ginners) located throughout India.
It sells to a variety of buying houses, textile mills, and trading companies worldwide. The firm extracts a variety of seeds. It sells textured soy protein, soy flour, fruit juice, and soy milk, among other foods. Gram, wheat, rice, maise, shorgum, seeds, coffee, marine products, tuar, peas, barley, soap, fresh fruit bunch, seedling, and plant & machinery are also available (equipment).
Ruchi Soya launched a wholly-owned subsidiary, Ruchi Industries Pte. Ltd., in late 2010. Plantations and processing, agri-commodity trading, acquisitions/investments in plantation enterprises, and other businesses.
Cooking oils, soya foods, vanaspati, and baking fats are among Ruchi’s many food products. Mahakosh, an umbrella brand that includes Soybean oil, Cottonseed oil, and Groundnut oil; Ruchi Gold Palmolein and Ruchi Gold Mustard oil; Nutrela oils, including Nutrela Soyabean oil, Nutrela Mustard oil, Nutrela Sunflower oil, Nutrela Groundnut oil, and Nutrela Rice Bran oil; and Sunrich sunflower oil are among the edible oil brands.
With a market share of more than 50%, Nutrela is the country’s most popular soya food brand. Nutrigold and Ruchi No. 1 are two vanaspati brands that are regional leaders in their respective categories. It also produces the Ruchi No. 1 soap brand in four different varieties.
2. Gokul Agro Resources Ltd
Gokul Agro Resources Limited (GARL), a de-merged company of GOKUL REFOILS & SOLVENT LTD, Gandhidham, is one of India’s top FMCG companies a global presence and state-of-the-art manufacturing and processing facilities for a variety of edible and non-edible oils and meals. It is a corporation that is ISO 22000:2005 accredited and has customers worldwide.
GARL trades all over the world and has a subsidiary in Singapore to handle its international trading operations in important locations. GARL has an extensive marketing and distribution network that serves customers in more than 20 Indian states. They provide Soya bean oil, Cottonseed oil, Palm oil (Palmolein), Sunflower oil, Groundnut oil, Vanaspati, and others to these states.
GARL has been involved in producing and exporting industrial products such as castor oil and its derivatives in various grades. It also includes one of the largest production facilities for multiple grades of castor oil and Castor de-oiled cakes and other products. Many foreign importers/end users have accepted GARL’s manufacturing facilities, which is why GARL has built a large loyal client base in nations all over the world. Products are sold in the United States, South Korea, the European Union, China, Singapore, Indonesia, Malaysia, Russia, and Vietnam.
In Gandhidham, Gujarat, India, the company owns a state-of-the-art production plant with cutting-edge equipment and technology. GARL’s closeness to ports and connectivity to major rail/road networks provides a continuous supply of raw materials at a low cost and a wide distribution of our products in both local and international markets at the lowest possible supply chain cost.
3. Gujarat Ambuja Exports Ltd
Gujarat Ambuja Exports Limited (GAEL) is primarily engaged in agro-processing, emphasising exports and the domestic market, serving the food, pharmaceutical, and feed industries, and competing in domestic and worldwide markets.
They provide ingredients to the food, pharmaceutical, and animal nutrition industries worldwide and are focused on nurturing and sustainably developing the complete Ingredients Supply Chain securely and responsibly through constant adaption of modern technology and international quality standards. Quality is a state of mind at Gujarat Ambuja Exports Limited.
Ambuja’s “Nurturing Brands” shows how the company’s mission statement, objectives, and corporate soul are encapsulated.
Aspiring to be a global leader in ingredients, with a one-stop-shop.
4. Gokul Refoils and Solvent Ltd
Gokul refoils and solvent ltd has been a key player in the Food Oils and Industrial Oil industry for the past three decades, specialising in seed processing, solvent extraction, and refining edible oils and industrial oils Castor Oil.
Gokul Agri International Limited, the flagship company of the Gokul Group, is based in Sidhpur, Gujarat, and produces edible oil and castor oil.
Its headquarters are in Ahmedabad, Gujarat, while its registered office is in Siddhpur.
5. Vijay Solvex Ltd
The flagship company of Data Group of Companies’ Edible Oil Division is Vijay Solvex Limited. Mustard Oil (Kachchi Ghani and Pakki Ghani), Vanaspati Ghee, and Refined Soyabean/Mustard Oil are the main items it produces and sells under the SCOOTER brand. The items are known for their high quality and are accessible throughout the United States.
Vijay Solvex Ltd has a wide range of products, including Bone China Crockery, Ceramic Gift Items, High Tension Porcelain Insulators, Wind Power, and Edible Oils.
Data Group operates several various edible oil processing facilities. The group’s contemporary integrated oilseed processing plants are Vijay Solvex Ltd (VSL), Deepak Vegpro Pvt. Ltd., and Data Oils.
VSL’s production capacity has been expanded and modified several times throughout the years. Vanaspati Ghee, Soyabean/Mustard Refined Oil, Mustard Oil, and De-oiled Cake are produced by all facilities (DOC).
In India, it is one of the leading producers of mustard oil and mustard DOC. The company owns and operates independent oil mills in Rajasthan’s mustard growing region, creating high-quality mustard pungent oil with a distinctive scent and flavour.
6. BCL Industries Ltd
BCL Industries Ltd was founded in 1976 and has become an integrated industry player with operations in major industry verticals such as vegetable oil refining (physical and chemical), solvent extraction, oil extraction, the distillery-ethanol industry, real estate, and rice shelling. The integrated concept is best suited to the growing economies’ infrastructural difficulties.
Their manufacturing facility is in the Punjabi town of Bhatinda.
Soybean oil, sunflower cottonseed oil, and rice bran oil are among the refined oils offered by the Homecook brand. Every year, various crude edible oils, such as palm oil, are imported for blending and refining with other edible oil-based products.
7. Agro Tech Foods Ltd
In India, Agro Tech Foods Limited has a strong market position in the edible oils and branded foods industries. Through CAG Tech Holdings Mauritius, ConAgra Foods Inc, the world’s third-largest food manufacturer, and Tiger Brands of South Africa own a majority share of 51.3 per cent in Agro Tech Foods Limited. ITC Agro-Tech was founded in 1986 to enter the oilseed and edible oil sector. ConAgra purchased a 51.3 per cent share in the company through its investment subsidiary CAG-Tech Mauritius in October 1997.
CAG-Tech Mauritius currently owns 49.24 per cent of the company’s total paid-up capital. ConAgra is a diverse international food firm with operations in over 35 countries across the food chain. In July 2000, the name of ITC Agro-Tech was changed to Agro-Tech Foods. With ConAgra at the lead, the corporation intends to become a big player in the food and edible oil industries. Every six months, the company wants to introduce a new branded food product. Sundrop Health World ACT II and Rath are two well-known brands in the company’s portfolio.
The company is divided into two business segments: branded foods and bulk and processed commodities.
8. Kriti Nutrients
Kriti Industries is an MP-based firm that was founded in 1992. It is the only company that makes soy products. It is a corporation based in MP. It makes use of the best soybeans available. The labour industry produces soybean oil of excellent grade.
There are three categories of edible oil and soybean products in the horticulture industry. Every kitchen has soy nutrients, which can make soya chuck.
It is India’s only major food company that specialises in refined oils and soy products. Kriti Udyog is now the country’s leading producer of soy products.
The company Kriti Nutrients Ltd was founded in 1996. Solvent extraction plants, vegetable oil refineries, lecithin plants, effluent treatment plants, fluidised bed boilers, and an in-house tin and jar manufacturing facility are part of the unit’s cutting-edge production setup. To create a premium quality product range, it uses the highest quality Non-GMO soybean seeds with high nutritious content. Refined soyabean oil, Superhypro meal, Defatted soya flakes, and lecithin are among the products available for human consumption, cattle feed, poultry aquaculture, confectionery dairy products, and medicinal preparations.
9. Manorama Industries
Manorama Industries has been in business for 60 years. It is a major participant in the cosmetics and edibles industries, and it is the only company that manufactures its items using cutting-edge technology. Its entire product line is chemical-free. It is beneficial to both company and the environment.
Manorama Industries is unlike any other company. For trading, it purchases raw materials from farmers. It helps in the creation of a healthy natural product. Mango Butter, Kokum Butter, and Sal are Manorama Industries’ goods.
The Indian government has designated the company as a “Star Export House.” This is a top-tier food company’s single accomplishment.
10. Kavit Ind
Kavit Ind is the newest addition to the food industry. Alfa Laval designed and built the facility. This company focuses primarily on edible oils. It is distinct from other businesses. In the sense that it manufactures its items using cutting-edge technology.
Its packaging is used for all of its products. Its oil comes in a variety of sizes in pet bottles. Sunflower, soybean, and peanut oil are their most popular items.
Surely, everyone has used these items in the kitchen. Kavit Ind strives to be the best food company in the world.
Market Cap (Rs. Crore): 944