India is currently the fifth largest global economy with a gross domestic product (GDP) of USD3.53 trillion (Armstrong, 2022). With a population of 1.39 billion, India is the world’s second most populous nation. The economic growth potential and huge population base makes India an economic powerhouse hungry for various consumer goods, and in particular food products. India is, therefore, an important market for edible oils and fats, both for direct household consumption and as an indispensable ingredient for several sub-sectors of the country’s food industry.