Retail volume sales of edible oils will continue to decline during the first half of the forecast period, with an elevated rate of growth in unit pricing set to play a significant role in this. Olive oil will remain the top performer in edible oils, as the health and wellness trend will remain robust.
As more consumers seek the best value for their money, private label is expected to increase its presence in edible oils over the forecast period, with rising unit pricing playing a role in this. Private label products will become increasingly commonplace in larger supermarkets and hypermarkets.
Having emerged as a small, but significant, distribution channel for edible oils during the COVID-19 pandemic, e-commerce will continue to grow in importance during the forecast period. Third-party delivery platforms will be the main drivers of this growth.
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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 Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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