Reasonably low prices and traditional consumption habits should ensure sunflower oil remains the dominant contributor to edible oils retail volume sales throughout the forecast period. However, due to increasing maturity and population decline in North Macedonia, it is expected to register a comparatively sluggish performance in volume growth terms.
Health concerns are expected to become more influential in shaping purchasing decisions within edible oils over the forecast period. Olive oil will continue to profit most from this trend, as awareness of the heart-friendly properties of such products is high in North Macedonia.
Corn oil and rapeseed oil are projected to record consistent declines in retail volume sales over the forecast period. Demand for these varieties will continue to fall in line with consumer migration to other types of edible oils that have more favourable reputations when it comes to health and wellness benefits.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in North Macedonia 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 North Macedonia, 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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