Edible oils is expected to see growth in both retail and foodservice volume terms throughout the forecast period, as COVID-19 is brought under control, and normalisation returns to consumers’ lives. The continued move from unpackaged to packaged oil, as well as the continued rise expected in the population in the first half of the forecast period, will also contribute to growth.
To improve their health, Chinese consumers are trying to reduce their oil intake and/or changing cooking methods in order to fry and stir fry less. As a result, spray edible oils are emerging, with this becoming a trendy packaging format especially for premium types of oil, such as olive oil and avocado oil.
Rising consumer health consciousness is benefiting niche oils such as camelia oil, which is rich in antioxidants. In June 2022, Freshippo announced that its private label camellia oil had achieved carbon-neutral status, verified by the Guangzhou Carbon Emission Exchange.
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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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