Edible oils is poised for slower growth in retail current value sales during the forecast period. Some of this will be because of inflation slowing down and impacting current value growth.
As Canadians look to reduce their overall oil intake for health and lifestyle reasons, they are turning towards healthier cooking methods. Canada is seeing significant growth in air fryer sales, with usage likely to become a norm as the machines become more affordable.
Foodservice volumes sales are anticipated to gain momentum within most category segments over the forecast period, with the exception of corn oil and palm oil. Developments in Canada’s foodservice sector will continue at an impressive rate, and even though the government is looking to reduce immigration numbers, the country will still see migrants helping boost the economy.
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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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