The Malaysian government may impose strict rules on edible oils in the forecast period, such as a subsidy for 1kg polybags of palm oil that targets B40 consumers (bottom 40% of the population on low incomes). Such a subsidy is likely to boost palm oil in terms of retail volume sales.
Some manufacturers are set to focus their distribution on foodservice channels, since consumers are dining out more frequently as they return to pre-COVID-19 lifestyles and have less time to cook full meals at home. Domestic manufacturers may limit their distribution quotas and make stock keeping units (SKUs) leaner for retail channels, in order to save on shelf listing costs.
Olive oil is predicted to continue to develop and grow as consumers are increasingly aware of the importance of a healthy diet. In this light, olive oil is expected to record the highest retail volume and value growth in edible oils over the forecast period.
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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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