While Sime Darby Oils Morakot PCL remains the largest player in edible oils and fellow domestic player, Thai Vegetable Oil PCL ranks third, the strength of these companies is largely due to customers' familiarity with their local brands. Consumers retain a strong belief in the quality of these products and display enduring brand loyalty.
Consumers will pay much more attention to their diet and its effect on their general wellbeing during the forecast period. As a result, many will be avoiding sweetened or high calorie products.
International competitors continue to dominate the olive oil market, with Bertolli accounting for the majority of retail value. Both international and domestic players have a presence in this market.
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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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