Retail volume sales of edible oils are expected to decline across the forecast period as a whole. A modest increase in retail volume sales of olive oil will not be enough to compensate for plunging demand for sunflower oil.
With local consumers increasingly interested in both sustainability and health and wellness, demand for domestically produced organic olive oil is expected to see a significant increase during the forecast period. As Spain’s population continues to age, consumers will become more concerned with health, while the pandemic has led many to re-examine their dietary habits.
Other vegetable oils, such as avocado oil, coconut oil and sesame oil are set to see increased demand during the forecast period. Apart from the previously discussed health and wellness trend, local consumers are becoming more interested in exotic cuisine, which often use such oils as an ingredient.
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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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