PROSPECTS AND OPPORTUNITIES
Packaged palm oil to see strong retail volume performance as competition from alternatives begins to ease
Moving forward, the market for edible oils in Indonesia is set to benefit from continued demand for packaged palm oil, retail volume sales of which are expected to recover to pre-pandemic levels later in the forecast period. This will be largely due to the government’s decision to raise the ceiling prices for subsidised palm oil (Minyakita) in 2024, with further price adjustments expected over the forecast period.
Cuisine diversification and urbanisation to drive demand for olive oil in Indonesia's foodservice sector
Cuisine diversification, fuelled by continued urbanisation, has spurred the growth of cafes and restaurants in Indonesia, with an increasing number of establishments offering Mediterranean cuisine. Given that olive oil is a key ingredient in Mediterranean cooking, it has seen a notable rise in demand within the foodservice sector.
Other edible oils will see modest growth, due to dominance of palm oil
Other edible oils is set to experience slightly improved retail volume growth compared to the past five years, although its performance is still expected to lag behind that of palm oil, which is still in the process of normalising its market position. Despite the growing presence of corn, soy, and other edible oils in Indonesia, demand is anticipated to remain relatively stable.
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Overview:
Understand the latest market trends and future growth opportunities for the Edible Oils industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- Which are the leading brands in Edible Oils in Indonesia?
- How are products distributed in Edible Oils in Indonesia?
- 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 Indonesia?
- 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 Indonesia - Category analysis
KEY DATA FINDINGS
Packaged palm oil prices continue to normalise, but retail performance remains below pre-pandemic levels
Olive oil leads retail value growth, driven by price increases
Salim Ivomas Pratama and Sari Agrotama Persada maintain leading positions, while SMART Tbk PT gains ground
Packaged palm oil to see strong retail volume performance as competition from alternatives begins to ease
Cuisine diversification and urbanisation to drive demand for olive oil in Indonesia's foodservice sector
Other edible oils will see modest growth, due to dominance of palm oil
Cooking Ingredients and Meals in Indonesia - 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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