PROSPECTS AND OPPORTUNITIES
Edible oils will register a weaker performance during the forecast period
Edible oils is poised for slower growth in retail current value sales during the forecast period. Some of this will be because of inflation slowing down and impacting current value growth.
Oil-free cooking methods may emerge as significant threat
As Canadians look to reduce their overall oil intake for health and lifestyle reasons, they are turning towards healthier cooking methods. Canada is seeing significant growth in air fryer sales, with usage likely to become a norm as the machines become more affordable.
Foodservice volume sales set to rise
Foodservice volumes sales are anticipated to gain momentum within most category segments over the forecast period, with the exception of corn oil and palm oil. Developments in Canada’s foodservice sector will continue at an impressive rate, and even though the government is looking to reduce immigration numbers, the country will still see migrants helping boost the economy.
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Overview:
Understand the latest market trends and future growth opportunities for the Edible Oils industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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 Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Edible Oils in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Edible Oils in Canada?
- Which are the leading brands in Edible Oils in Canada?
- How are products distributed in Edible Oils in Canada?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Edible Oils?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Canada?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Edible Oils in Canada - Category analysis
KEY DATA FINDINGS
Value growth lags as price rises slow down, while consumption remains steady
Olive oil leads growth but remains plagued by sky-high prices
Private label gains further share in 2024
Edible oils will register a weaker performance during the forecast period
Oil-free cooking methods may emerge as significant threat
Foodservice volume sales set to rise
Cooking Ingredients and Meals in Canada - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Edible Oils
- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
Edible Oils
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Edible Oils research and analysis database.
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