A shift to alternatives from single-origin vegetable oil such as soya, canola and sunflower is likely to prevail heading into the forecast period, due to uncertainty over supplies amid ongoing geopolitical tensions, and between leading global merchants, which in turn will increase the bargaining power of alternative suppliers that an import market such as Singapore relies on.
As Singaporeans become increasingly sophisticated and knowledgeable about which edible oils are suitable for their requirements, players are expected to diversify their portfolios to offer consumers options with higher nutritional value in addition to different flavours that have low smoke points. Some trends that are expected to continue over forecast period, include new formats such as cold pressed edible oil, as offered by Parliament Organic’s cold pressed sunflower and groundnut oil, Amutham’s cold pressed mustard oil, and even FairPrice’s cold pressed extra virgin coconut oil.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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