Turkey has been dealing with high inflation for several years and this is also part of a global trend of high inflation. Turkey entered this period earlier than other countries and consumers have been coping with the increase in retail prices.
Olive oil is expected to see a moderate increase in constant retail value sales growth over the forecast period overall. Olive oil is seen as a higher quality edible oil and is an essential ingredient in many local dishes.
In 2022, the combined value share of private labels in edible oils corresponds to nearly half of value sales in the product area. According to industry sources, private label has reached a saturation point in edible oils in Turkey.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Turkey with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Turkey, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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