Growth in edible oils will likely be fuelled by the health and wellness trend over the forecast period. Medical research has shown that some edible oils may reduce the risk of developing heart disease and may positively impact blood pressure and cholesterol levels.
Over the forecast period, rapeseed oil is expected to perform far better than sunflower oil as demand for the former is booming and it will continue to be heavily promoted by the Swiss Rapeseed Oil Association (Verein Schweizer Rapsöl, VSR). One reason for its growth is that more companies in the food industry will likely eschew palm oil and turn instead to Swiss rapeseed oil, which is more sustainable.
Migros Genossenschaftsbund eG is expected to remain the leading player in edible oils, thanks to the ongoing popularity of its private label ranges. The retailer continues to enjoy exceptionally high consumer confidence and is perceived to offer a quality and value-for-money proposition across a large portfolio at different price points.
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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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