According to the latest report by IMARC Group, titled “Indonesia Edible Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Indonesia edible oil market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the Indonesia edible oil market to grow at a CAGR of around 4% during the 2021-2026
Edible oil, or cooking oil, is a liquid fat extracted from animal tissues and vegetables. Soybean, mustard, palm, olive and sunflower oil are some commonly available variants. They contain essential fats, triacylglycerols, phospholipids and tocopherols and are a rich source of micronutrients and minerals, such as phytosterols, selenium and zinc. Edible oil aids in enhancing the flavor and shelf-life of the product and reducing the risks of developing cardiovascular diseases (CVDs). As a result, it is extensively used for cooking applications across restaurants, cafes, hotels, households and food processing units.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The Indonesia edible oil market is primarily being driven by the rising demand for processed and packaged food items due to hectic schedules and changing dietary patterns of the consumers. Edible oils are widely utilized as flavoring agents and food preservatives to preserve the flavor and quality of packaged items for a longer duration. Moreover, rising health consciousness among the masses and the launch of innovative organic edible oil manufactured using natural ingredients are positively impacting the product demand. Other factors, including increasing consumer preference for international cuisines, along with the escalating demand for sustainably sourced palm oil in Indonesia, are providing a thrust to the market growth.
Breakup by Type:
- Palm Oil
- Soybean Oil
- Mustard Oil
- Sunflower Oil
- Olive Oil
Breakup by Packaging Type:
Breakup by Packaging Material:
Breakup by Pack Size:
- Less than 1 Litres
- 1 Litres
- 1 Litres – 5 Litres
- 5 Litres – 10 Litres
- 10 Litres and Above
Breakup by Application:
- Home Users
- Food Processing Industry
Breakup by Distribution Channel:
- Direct/Institutional Sales
- Supermarkets and Hypermarkets
- Convenience Stores
Competitive Landscape with Key Player:
- Astra Agro Lestari Tbk PT
- PT. Asianagri Hilir
- PT. Bina Karya Prima
- PT Cargill Indonesia (Cargill, Incorporated)
- PT PP London Sumatra Indonesia Tbk
- PT Salim Ivomas Pratama Tbk
- PT Smart TBK
- PT Socfin Indonesia
- PT Tunas Baru Lampung Tbk
- Wilmar International Ltd
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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