Climate change has significantly impacted olive oil production, particularly in southern Europe, where prolonged drought and high temperatures have severely restricted output, causing sharp price increases. Due to the ongoing effects of global warming, the situation is expected to continue and potentially worsen over the forecast period.
Looking ahead, innovation in edible oils is expected to focus on alternatives to olive oil, such as rapeseed oil. Moreover, as average unit prices of edible oils increase, products offering added benefits and convenience will influence consumers’ purchasing decisions.
The shortage of olive and sunflower oils is driving demand for other edible oils such as grapeseed, coconut, vegetable and avocado. This subcategory has enjoyed significant growth over the review period, fuelled primarily by the search for alternatives to olive oil.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Ireland 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 Ireland, 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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