KENYA EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

KENYA EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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Triton Market Research’s report estimates that the market for edible oil in Kenya would witness a CAGR of 13.37% based on revenue and 4.75% based on volume over the forecast period 2023-2028. The market is anticipated to generate revenue worth $XX million and XX million liters by 2028.

Edible oil, also called cooking oil, is a type of fat derived from plants, animals, or microorganisms. It comprises triglycerides, i.e., three fatty acids and one glycerol unit. Some examples of edible oils include soybean oil, olive oil, palm oil, canola oil, and sunflower oil.

The nutritious value of food is increased using oils and fats. Edible oils provide an intensive energy source and deliver essential nutrients for the body, such as vitamins A and D. They also act as a heat transfer medium at high temperatures, such as in frying. Moreover, these oils enhance taste sensation in spreads and salad dressings, enhancing the flavor of foods.

The government has adopted various measures to lower the import bill in the country. For instance, the government has levied taxes on importing raw materials from outside the EAC region, instead prioritizing refined edible oils from locally produced raw materials. Additionally, initiatives have been adopted to boost domestic production and cut the cost of raw materials imports. Further, governmental and private organizations attempt to assist farmers in developing oil farming techniques. In this regard, major firms have significantly invested in production capacity to add value to their products for sale in the local and international markets.

However, the market players cannot meet their daily production capacity due to the lack of adequate raw materials, resulting in high operational costs. The market has also been impacted by global market volatility. In 2021, the edible oil unit price accelerated to its highest point in almost a decade, hindering the country’s market growth.

Triton Market Research’s report provides in-depth insight into the Kenya 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 Kenya edible oil market includes market by type and distribution channel. 

The established players in the edible oil market include Bidco Africa Ltd, Kapa Oil Refineries Ltd, Menengai Oil Refineries Ltd, Pwani Oil Products Ltd, and United Millers Ltd.

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Table of Content

1. KENYA EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. KENYA 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 KENYA EDIBLE OIL MARKET

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

3.1. OLIVE OIL

3.2. CORN OIL

3.3. SUNFLOWER OIL

3.4. OTHER EDIBLE OILS

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

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. BIDCO AFRICA LTD

5.2. KAPA OIL REFINERIES LTD

5.3. MENENGAI OIL REFINERIES LTD

5.4. PWANI OIL PRODUCTS LTD

5.5. UNITED MILLERS LTD

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

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

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

TABLE 3: KENYA – COUNTRY SNAPSHOT

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

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

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

List of Figures

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

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

FIGURE 3: VALUE CHAIN ANALYSIS

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

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

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

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

FIGURE 8: KENYA EDIBLE OIL MARKET, BY OTHER EDIBLE OILS, 2023-2028 (IN $ MILLION)

FIGURE 9: KENYA EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)

FIGURE 10: KENYA EDIBLE OIL MARKET, BY RETAIL CHANNEL, 2023-2028 (IN $ MILLION)

FIGURE 11: KENYA EDIBLE OIL MARKET, BY E-COMMERCE, 2023-2028 (IN $ MILLION)

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