PROSPECTS AND OPPORTUNITIES
Cost-effective corn oil set to gain ground
Soy oil is expected to gain ground at the expense of other edible oils such as corn oil and sunflower oil over the forecast period. As a locally produced oil, soy oil benefits from lower logistics costs and is derived from a less expensive grain, making it a cost-effective alternative for consumers.
Olive oil to recover from its poor performance
In the short term, olive oil is expected to recover from its poor performance of 2024. With international prices returning to normal following the challenging conditions caused by adverse weather in key producing countries, consumers are expected to resume purchasing olive oil, viewing it as a healthier alternative to other edible oils.
Private label growth as it offers a cost-effective alternative to branded products
Private label options are also anticipated to gain ground in the short term thanks to their affordable prices. Leading retail chains, including Tienda Inglesa, Disco, and Ta-Ta, have invested strongly in their private label offerings over the review period, covering high-demand products like soy oil and sunflower oil, as well as niche products like olive oil.
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Overview:
Understand the latest market trends and future growth opportunities for the Edible Oils industry in Uruguay 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 Uruguay, 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 Uruguay 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 Uruguay?
- Which are the leading brands in Edible Oils in Uruguay?
- How are products distributed in Edible Oils in Uruguay?
- 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 Uruguay?
- 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 Uruguay - Category analysis
KEY DATA FINDINGS
Falling prices drive volume growth in 2024
Less cross-border shopping as prices increase in neighbouring Argentina
Substantial price increases impact olive oil sales in 2024
Cost-effective corn oil set to gain ground
Olive oil to recover from its poor performance
Private label growth as it offers a cost-effective alternative to branded products
Cooking Ingredients and Meals in Uruguay - 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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