Edible oils will see moderate value growth over the forecast period as the price of vegetable and seed oils due to the war in Ukraine will continue to hamper volume sales whilst boosting value increases. Sunflower oil and corn oil are see particularly strong price increases, with their stocks already in decline.
Due to possible shortages and high prices of sunflower oil, consumers are expected to increasingly switch to other types of edible oils in the coming years. Greek consumers may prefer purchasing sunflower oil because it is the cheapest edible oil, but the war in Ukraine is causing bottlenecks in supply and is forcing companies to turn to soy oil and palm oil as the most obvious substitutes for sunflower oil.
The proposed EU Nutri-score nutritional labelling system is part of a revision of EU rules on the information provided to consumers, which in turn is part of EU’s Farm to Fork Strategy. This policy aims to provide better labelling information to help consumers make healthier and more sustainable food choices.
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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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