Edible oils will see further decline in retail volume at the start of the forecast period, however this will gradually improve and shift back to growth by 2025. Cooking at home will remain important, but will not see the highs registered during the pandemic and with foodservice gradually returning to full capacity, this will dampen value and volume sales.
The shift away from sunflower oil is to continue in the forecast period due to price inflation and the uncertainty regarding supply. Consumers are developing an interest in other types of edible oil.
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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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Edible Oils
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 DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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