Market by Type and Distribution Channel | Forecast 2023-2028
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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VIEW REPORT1. 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
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)
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)