Though some local consumers may find the cost of olive oil prohibitive, the segment is still likely to see some growth in retail and foodservice over the forecast period. Increased attention to nutritional values of ingredients will sustain demand for olive oil, which is further supported by the trans-fat ban for packaged foods.
While there is a multitude of edible oils free from trans fats like coconut oil and palm oil, the move away from cooking ingredients with trans fats is likely to bring category-wide growth throughout the forecast period. As players and consumers become more focused on the importance of nutrition, health claims such as ‘cholesterol-free’ and ‘fortified with vitamin A will become more prevalent in edible oils.
Supermarkets and small local grocers will remain the key channels for retails sales of edible oils during the forecast period. However, while e-commerce remains niche in comparison, it has been rising steadily since the beginning of the pandemic, and this trend is set to persist.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 Philippines, 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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