The outlook for edible oils appears promising in the upcoming period. Sunflower oil, a key subcategory, is projected to see positive growth, with increases both in the retail and foodservice sectors.
Corn oil is expected to continue to exhibit slow volume dynamics compared with the more prevalent sunflower oil during the forecast period, primarily due to its higher price point. Consumers are often unaware of the advantages that corn oil may offer over sunflower oil, leading to a lack of willingness to pay extra for the product.
Local companies are trying to reduce the Georgian market’s dependence on imports and be more active in the development of local manufacturing. For example, poultry company, Chirina, is set to launch production of sunflower oil, for which it has already built a factory.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Georgia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Georgia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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