Edible oil will register muted constant value and volume growth over the forecast period. Edible oils’ positioning as a staple cooking ingredient which is also supported by subsidies will continue to support value sales.
A growing awareness that cooking with oil is unhealthy will dampen volume growth over the forecast period, as consumers cut downs on the volumes used in cooking, or even switch to other alternatives. However, this increased health consciousness will also see a shift within edible oils, as consumers look to olive oil over vegetable oils.
Foodservice will register higher volume growth than retail over the forecast period. With consumers leading increasingly busier lives and more women working outside the home, this will drive growth in foodservice.
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Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See All of Our DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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