The future of the production of edible oils will be pivotal for the growth of the category. The supply of sunflower and rapeseed oil from Ukraine will continue being affected by the war for the foreseeable future.
The price gap between premium edible oils and private label oils experienced a small decline, making branded products relatively more accessible temporarily. However, this is set to widen moving forward, bringing further polarisation in the edible oils space.
Olive oil is expected to continue to account for the highest value sales in edible oils in the UK in the forecast period, and with the popularisation of refined olive oil as an alternative to sunflower oil, it is expected to perform well. However, a factor that may hinder the growth of products such as olive oil or avocado oil is the significantly limited production, and the high ratio of imported 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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