Edible oils is the single most volatile packaged food format in Bosnia-Herzegovina in terms of price trends. Prices returned to an upward movement in 2018 as the format still failed to reach a long-term balanced unit price.
Other edible oil recorded the highest retail current value growth within edible oils in Bosnia-Herzegovina during 2018. It includes oil varieties such as pumpkin oil, hazelnut oil, sesame oil and other non-traditional oil varieties typically positioned as speciality oils with a focus on specific health benefits.
During the review period, the most popular edible oil varieties received bad publicity, primarily as products like sunflower and soy oil are mainly used for frying, which is widely considered to be one of the unhealthiest food preparation techniques. Many businesses have tried to use this to promote healthier alternatives, from non-stick pans which require no oil, to butter and cooking fats which manufacturers promote as healthier alternatives to edible oils.
Bunge Növényolajipari Zrt, Bimal dd and Zvijezda doo dominated edible oils in Bosnia-Herzegovina during 2018. These players primarily focus on the biggest format, sunflower oil, which is used daily in almost all households in the country.
Out of the big three players, only Zvijezda doo is present in olive oil, as well as vegetable and seed oil. Furthermore, its value share of olive oil is weaker than elsewhere in edible oils, and decreasing.
The only considerable domestic player in edible oils is Bimal dd. It is also the player projected to record the biggest increase in value share of edible oils during 2018, benefiting from improving availability and shelf space relative to its two closest rivals, Bunge and Zvijezda.
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Discover the latest market trends and uncover sources of future market growth for the Edible Oils industry in Bosnia and Herzegovina with research from Euromonitor's team of in-country analysts.
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