Canola Oil, which has a market growth at a CAGR of 5.48 per cent, has been identified as the best suited cooking oil with least amount of saturated fats compared to other oils.
“Canola oil contains least amount of saturated fats (bad fats), 7g per 100g, as compared to any other cooking oil and is best suited for people with cardiovascular diseases according to the American Heart Association”, claimed the company here in a statement on Friday.
It has further said that Canola oil is rich in fat-soluble vitamins, beta-carotene, and omega 3 and 6 fatty acids, helps in slowing down the digestion process, and provides warmth to the body.
A total of 106 tonnes of Canola oil valued at $150 thousand, was imported in the year 2017 and the imports have been increasing at conservative rates in recent years with imports spiking in 2012 and 2016.
Commenting on the development, Mr Ravinder Pal Singh Kohli, Director, Jivo Wellness, said in the statement that, “The Indian Canola Oil market has just seen its nascent phase. The Indian consumer has got the first exposure and education about the immense health benefits of Canola Oil. The rising medical costs have made the consumers more aware of their health needs. We expect the Indian canola oil growth story to be in double digits per annum for at least the next decade.