The industry will continue to face challenges over the forecast period, such as the geopolitical unrest created by the Russia-Ukraine war, logistics and supply chain issues, scarcity of components and raw materials, and inflationary pressures around the world. The availability of grains is uncertain, and the costs of transport and packaging are expected to continue increasing.
Olive oil is perceived as a very healthy ingredient and has been gaining in popularity as more consumers become aware of the oil’s reputation. This trend is expected to continue over the forecast period, in line with the ongoing health and wellness trends.
As companies try to restrain their inevitable price increases, they are likely to focus on their more profitable products. This is likely to result in a reduction in the offer of formats, favouring the bigger volume-per-value packaging sizes over the smaller ones, where the container might represent a big percentage of the cost.
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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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