AUSTRALIA EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

AUSTRALIA EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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Triton Market Research’s report predicts that the market for edible oil in Australia would witness a CAGR of 4.84% in revenue and 3.76% in volume over the forecast period 2023-2028. It is anticipated to generate $XX million in revenue and XX million liters in volume by 2028.

Edible oil, also known as cooking oil, is a fat obtained from plants, animals, or microorganisms. It comprises triglycerides that are made up of three fatty acids and one unit of glycerol. At room temperature, edible oils are suitable for food. Olive oil, palm oil, soybean oil, canola oil, and sunflower oil are some common edible oils used to add flavor to food.

The nutritious value of food is enhanced by the inclusion of oils and fats. In this regard, they provide an intensive energy source and essential nutrients, such as vitamins A and D. Moreover, they act as a heat transfer medium at high temperatures, such as frying. These oils also enhance taste sensation in spreads and salad dressings, adding flavor and texture to various foods. Food Standards Australia New Zealand (FSANZ) supervises the manufacture, packaging, and distribution of edible oils in Australia. 

The region is largely benefitting as large multinationals across Western Australia invest in research and development, processing, sales, and marketing due to increased edible oil demands. Besides this, state and federal government agencies and departments have invested heavily in the industry through research, grants, education, and support. The country also has innate desirable factors such as large farming units with modern farming, handling, and processing facilities. Hence, the factors mentioned above propel the growth of the Australian edible oil market.

However, numerous key players face problems regarding the supply chain resulting in high operational costs. The market has been impacted by global market volatility and unit price growth in edible oils. Nevertheless, as the value of Australian olives surges, there is an opportunity for local olive producers and manufacturers to drive the studied market’s growth.

Triton Market Research’s report provides in-depth insight into the Australia edible oil market, along with segmentation analysis. The detailed analysis of the market includes PESTLE and value chain analysis. The segmentation analysis of the Australia edible oil market includes market by type and distribution channel.

The prominent players in the edible oil market are Aldi Stores Supermarkets Pty Ltd, Boundary Bend Ltd, Conga Foods Pty Ltd, Woolworths Group Ltd, and Goodman Fielder Ltd.

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Table of Content

1. AUSTRALIA EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. AUSTRALIA EDIBLE OIL MARKET OUTLOOK

2.1. MARKET DEFINITION

2.2. MARKET SHARE ANALYSIS

2.3. BRAND SHARE ANALYSIS

2.4. PESTLE ANALYSIS

2.5. VALUE CHAIN ANALYSIS

2.6. IMPACT OF COVID-19 ON THE AUSTRALIA EDIBLE OIL MARKET

3. AUSTRALIA EDIBLE OIL MARKET – BY TYPE (IN $ MILLION & IN MILLION LITERS)

3.1. OLIVE OIL

3.2. CORN OIL

3.3. RAPESEED OIL

3.4. SUNFLOWER OIL

3.5. OTHER EDIBLE OILS

4. AUSTRALIA EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. ALDI STORES SUPERMARKETS PTY LTD

5.2. BOUNDARY BEND LTD

5.3. CONGA FOODS PTY LTD

5.4. COLES GROUP LTD

5.5. WOOLWORTHS GROUP LTD

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: AUSTRALIA EDIBLE OIL MARKET 2023-2028 (IN $ MILLION)

TABLE 2: AUSTRALIA EDIBLE OIL MARKET 2023-2028 (IN MILLION LITERS)

TABLE 3: AUSTRALIA – COUNTRY SNAPSHOT

TABLE 4: AUSTRALIA EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN $ MILLION)

TABLE 5: AUSTRALIA EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN MILLION LITERS)

TABLE 6: AUSTRALIA EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2023-2028 (IN $ MILLION)

List of Figures

FIGURE 1: AUSTRALIA EDIBLE OIL MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 2: AUSTRALIA EDIBLE OIL MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 3: VALUE CHAIN ANALYSIS

FIGURE 4: AUSTRALIA EDIBLE OIL MARKET, BY TYPE, 2022 & 2028 (IN %)

FIGURE 5: AUSTRALIA EDIBLE OIL MARKET, BY OLIVE OIL, 2023-2028 (IN $ MILLION)

FIGURE 6: AUSTRALIA EDIBLE OIL MARKET, BY CORN OIL, 2023-2028 (IN $ MILLION)

FIGURE 7: AUSTRALIA EDIBLE OIL MARKET, BY RAPESEED OIL, 2023-2028 (IN $ MILLION)

FIGURE 8: AUSTRALIA EDIBLE OIL MARKET, BY SOY OIL, 2023-2028 (IN $ MILLION)

FIGURE 9: AUSTRALIA EDIBLE OIL MARKET, BY SUNFLOWER OIL, 2023-2028 (IN $ MILLION)

FIGURE 10: AUSTRALIA EDIBLE OIL MARKET, BY OTHER EDIBLE OILS, 2023-2028 (IN $ MILLION)

FIGURE 11: AUSTRALIA EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)

FIGURE 12: AUSTRALIA EDIBLE OIL MARKET, BY RETAIL CHANNEL, 2023-2028 (IN $ MILLION)

FIGURE 13: AUSTRALIA EDIBLE OIL MARKET, BY E-COMMERCE, 2023-2028 (IN $ MILLION)

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