BRAZIL EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

BRAZIL EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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According to Triton’s research report, the edible oil market in Brazil is anticipated to observe revenue and volume growth at a CAGR of 3.61% and 2.99%, respectively, over the forecast period 2023-2028. It is estimated to generate $XX million in value and XX million liters in volume by 2028.

Edible oil or cooking oil is a type of fat derived from plants, animals, or microorganisms. It includes triglycerides made of one glycerol unit and three fatty acids. Besides this, these oils remain in a liquid state at room temperature, suitable for adding flavor to a variety of foods. Olive oil, soybean oil, and sunflower oil are examples of edible oils.

Since the nutritious value of food is enhanced by oils and fats, edible oils have gained significant prominence. This is mainly owing to their role in offering vitamins such as A and D. They also act as a heat transfer medium at high temperatures, such as frying. Furthermore, they enhance the taste sensation in spreads and salad dressing. In Brazil, the Ministry of Agriculture, Livestock, and Food Supply (MAPA) supervise the manufacture, distribution, and packaging of edible oils.

While soy oil is preferred among low-income consumers, premium oils have gained prominence among higher-income groups owing to their superior nutritional qualities. Less popular oils, like corn oil, that formerly had little demand are now increasingly prevalent in homes owing to customers’ increased experimentation. Their appeal is also boosted by the rising availability of corn and the arrival of regional brands. Increased consumer awareness and decreasing cultural barriers to oil consumption have elevated their demand, especially among affluent consumers. Thus, these factors widen the scope and growth of the edible oil market.

However, high exchange rates and stringent import and export laws impede market expansion. Additionally, health issues like diabetes and obesity linked to excessive use of saturated fats may negatively affect soy oil consumption, slowing demand in high-income groups. As per estimates, the price will continue to be a crucial determinant of the category-leading brands since consumers are price sensitive. In this regard, major companies will fight with premium oil lines and flanker low-cost soy oil brands.

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

The eminent companies in the edible oil market are Bunge Alimentos SA, Cargill Agrícola SA, Do Brasil Ltda, and Coamo Cooperativa Agroindustrial Ltda. 

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Table of Content

1. BRAZIL EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. BRAZIL 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 BRAZIL EDIBLE OIL MARKET

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

3.1. OLIVE OIL

3.2. CORN OIL

3.3. PALM OIL

3.4. RAPESEED OIL

3.5. SOY OIL

3.6. SUNFLOWER OIL

3.7. OTHER EDIBLE OILS

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

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. BUNGE ALIMENTOS SA

5.2. CARGILL AGRÍCOLA SA

5.3. DO BRASIL LTDA

5.4. COAMO COOPERATIVA AGROINDUSTRIAL LTDA

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

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

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

TABLE 3: BRAZIL – COUNTRY SNAPSHOT

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

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

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

List of Figures

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

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

FIGURE 3: VALUE CHAIN ANALYSIS

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

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

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

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

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

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

FIGURE 10: BRAZIL EDIBLE OIL MARKET, BY SUNFLOWER OIL, 2023-2028 (IN $ MILLION)

FIGURE 11: BRAZIL EDIBLE OIL MARKET, BY OTHER EDIBLE OILS, 2023-2028 (IN $ MILLION)

FIGURE 12: BRAZIL EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)

FIGURE 13: BRAZIL EDIBLE OIL MARKET, BY RETAIL CHANNEL, 2023-2028 (IN $ MILLION)

FIGURE 14: BRAZIL EDIBLE OIL MARKET, BY E-COMMERCE, 2023-2028 (IN $ MILLION)

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