While sunflower oil will remain the most popular edible oil in Latvia, followed by rapeseed oil, olive will register the highest volume growth over the forecast period. Consumers perceive olive oil to be healthier, especially tied in with Mediterranean cooking, and there will also be a large range of offerings over the forecast period.
Edible oils are a mature product area, dominated by rapeseed and sunflower oil. Over the forecast period, innovation will centre on introducing segmentation such as by adding value-added benefits such as vitamins.
A further increase in retailer private labels is expected, with Lidl and Spar both pushing into edible oil over the forthcoming period. Discounters have been expanding in Latvia since the arrival of Lidl in October 2021 and further expansion is anticipated in the early part of the forecast period.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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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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