While the three categories of edible oil present in Uzbekistan – olive oil, sunflower oil and other edible oils (primarily cottonseed oil) – are all expected to see sales rise in constant value terms over the forecast period, the market is set to see an ongoing shift towards sunflower oil. The historic popularity of cottonseed oil, underpinned by the importance of cotton as a crop in the country, has been undermined by perceptions that it is a relatively unhealthy option because of its high ratio of polyunsaturated fats to monounsaturated fats and processed character.
While olive oil is widely seen as one of the healthiest choices in edible oils because of its association with the Mediterranean diet and, recently, research showing that it produces a lower level of unhealthy aldehydes when heated than a number of alternatives, including sunflower oil, its price is prohibitive for a large proportion of the Uzbekistani population. Demand for olive oil, therefore, remains largely limited to affluent urban consumers in a market in which a significant majority of the population continues to live in rural areas.
The prospects for the development of olive oil may be enhanced by move to develop local production in the category. In 2018, negotiations were opened between Greece and Uzbekistan aimed at enabling entrepreneurs to establish partnerships and agree on cooperation in the field of olive oil production.
Toshkent Yog Moy Kombinati remained the largest player in edible oils in 2018. The company’s lead is founded on a strong distribution network, which extends across all regions of the country, and competitive pricing.
Kazakhstan-based, Efko, which offers the Sloboda and Sun Crown sunflower oil brands, was the fastest-growing player in the Uzbekistani edible oils market in 2018. Uzbekistan represents the first stage of a significant expansion in the company’s export of edible oils to the Central Asia region, which is intended to take in Tajikistan, Kyrgyzstan, Afghanistan and other countries.
The expansion of sunflower oil is attracting growing interest from both domestic and international manufacturers. Domestic player, Samarkand Ekstraksiya maintained its dynamic growth in the final year of the review period, having entered the sunflower oil category through the launch of the Lider brand in the second half of 2016.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Files are delivered directly into your account within a few minutes of purchase.
Discover the latest market trends and uncover sources of future market growth for the Edible Oils industry in Uzbekistan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Edible Oils industry in Uzbekistan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Edible Oils in Uzbekistan market research report includes:
Our market research reports answer questions such as: