The shortage of sunflower oil is expected to continue over the forecast period, at least until 2024, with the result that prices will remain relatively high, at least in the short term. Growth will be significantly influenced by the ongoing conflict in Ukraine and its impact on subsequent harvests.
The market for other edible oils is expected to continue show positive growth over the forecast period, driven by growing levels of health consciousness and a demand for greater traceability across the supply chain. In spite of Dutch consumers becoming more price sensitive, there will be a growing desire to eat food that is less processed and more natural, supporting home-cooking and the use of other edible oils.
During the forecast period, an expected decline in disposable incomes, due to the ongoing economic crisis, could lead to an increased polarisation of consumption habits, with a growing demand for both high-quality, premium edible oils, as well as more mainstream, economy products.
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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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