The outlook is negative for edible oils over the forecast period, with constant value sales predicted to fall. With no sign that the inflationary price pressures are going to lessen in the near future, Ecuador is looking to boost its palm oil production to insulate it from further price shocks.
While cost will be the main driver of value sales over the forecast period, there will also be a shift to healthier edible oils. This will see a slight move away from vegetable oils to oils such as olive and avocado.
Edible oils are a mature product area, dominated by palm oil, due to local production. Over the forecast period, innovation will centre on introducing segmentation such as by adding value-added benefit such as vitamins.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Ecuador 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 Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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