Anubhav Agarwal, Managing Director and Chief Executive Officer, BN Group
The edible oils industry is experiencing profound shifts, driven by the need to protect the environment and enhance consumer health. These changes are sparking innovation across the sector, reshaping both the global market and culinary traditions. BN Group, a key player in the Indian edible oil industry, has been making significant moves on this path. In conversation with NUFFOODS Spectrum, Anubhav Agarwal, Managing Director and Chief Executive Officer, BN Group shares more about the recent developments and future plans of the company in the Indian edible oil sector. Edited excerpts:
What is the size of the edible oil market in India? How much share does the BN Group hold in this market?
The Indian edible oil market reached 24.7 million tonnes in 2023 and is expected to grow by 1.35 per cent in the coming decade. The market is growing consistently, and there are significant innovation opportunities that exist. If you see the market dynamics, there is a big move towards bringing health-first elements in the edible oil ecosystem, and we are leading that space. With the help of our recent strategic initiatives and product launches, we have managed to make a substantial impact on the market. We primarily cater to the B2B segment through our retail
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