PROSPECTS AND OPPORTUNITIES
Growth in edible oils expected to continue, driven by cooking at home, and health and wellness trends
Edible oils in Thailand is projected to continue to see growth in both retail volume and current value terms throughout the forecast period, driven by the increasing popularity of home cooking, and growing health and wellness awareness. As more consumers embrace cooking at home, the demand for cooking oils is expected to remain robust.
Health benefits will favour interest in alternative edible oils
With the growing emphasis on health and wellness continuing to shape edible oils in Thailand, and consumers striving to balance health benefits and affordability, alternative oils such as grapeseed oil and sunflower oil are gaining traction as perceived healthier substitutes for traditional vegetable oils. As more consumers prioritise a balanced, health-conscious diet, they are paying closer attention to the nutritional content of the oils they use, favouring those rich in omega-3 fatty acids, unsaturated fats, and antioxidants.
Increasing sustainability efforts within edible oils
Sustainability is expected to make notable progress in edible oils in Thailand over the forecast period, with brands placing greater emphasis on improving their supply chains and striving toward zero emissions. As local consumers grow more eco-conscious, manufacturers and retailers will face increasing pressure to adopt sustainable practices across product development and packaging.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Edible Oils industry in Thailand 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 Thailand, 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 Thailand 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 Thailand?
- Which are the leading brands in Edible Oils in Thailand?
- How are products distributed in Edible Oils in Thailand?
- 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 Thailand?
- 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 Thailand - Category analysis
KEY DATA FINDINGS
Unit price rises lead to only low volume growth for olive oil
Availability of palm oil experiences fluctuations due to supply issues, but price stabilisation measures keep it affordable
Morakot continues to lead overall edible oils
Growth in edible oils expected to continue, driven by cooking at home, and health and wellness trends
Health benefits will favour interest in alternative edible oils
Increasing sustainability efforts within edible oils
Cooking Ingredients and Meals in Thailand - 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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!