Edible oils is expected to post a positive volume CAGR over the forecast period as more alternative oils enter the category, including rapeseed oil. The ban on sunflower oil exports from Russia will in many ways make this an essential option.
Georgian companies in 2022 are being forced to look for alternative sources of sunflower oil. Due to the war and sanctions on Russia, supplies from Ukraine and Russia have dropped significantly.
With supply issues in sunflower oil, other edible oils are becoming more popular, although the likes of pumpkin, linseed, palm and soy oil are perceived as exotic in Georgia. Growing interest in new gastronomy experiences among young consumers is the main driver, encouraging trial of grapeseed, avocado, as well as flaxseed, pumpkin and walnut oils.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Georgia 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 Georgia, 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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