MALAYSIA EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

MALAYSIA EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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Triton Market Research has highlighted that the market for edible oil in Malaysia is expected to witness a CAGR of 5.57% in terms of revenue and 4.22% in terms of volume over the forecast period 2023-2028. It is anticipated to generate $XX million and XX million liters by 2028.

Edible oil, also known as cooking oil, is a fat derived from plants, animals, or microorganisms. It is made up of triglycerides: three fatty acids and one glycerol unit. Common edible oils used to flavor foods include olive oil, palm oil, soybean oil, canola oil, and sunflower oil.

Oils and fats add to the nutritional value of food. In this regard, edible oils are high in energy providing important nutrients to the body, including vitamins A and D. At high temperatures, such as frying, they also act as a heat transfer medium. Furthermore, their use improves the taste sensation in spreads and salad dressings, thereby adding flavor and texture to various foods. To safeguard the quality and safety of its consumers, the Food Act and Regulations supervise the manufacture, packaging, and distribution of edible oil in the country. 

Due to government subsidies, domestic producers produce palm oil at a low cost, allowing it to dominate edible oil sales in Malaysia. On the other hand, high-end customers favored healthier cooking oils like olive oil, especially during COVID-19. To encourage e-commerce, many retailers offer a range of pricing points, free delivery, and coupons. The government is anticipated to provide additional funding for palm oil subsidies to guarantee an adequate supply of edible oil throughout the year. Such desirable initiatives are likely to propel the market’s growth across Malaysia over the forecast period.

However, different varieties of edible oil are not as widely accepted. This limits the entry of international players that offer different, premium edible oils. Additionally, due to the escalating raw material prices and labor shortage in the plantation and production sector, the players in the market increased the selling price of edible oils, such as blended oils. Thus, the aforementioned factors may slow down the studied market’s progress during the forecast period.

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

The established players in the edible oil market include Lam Soon (M) Bhd, FFM Bhd, Delima Oil Products Sdn Bhd, and Yee Lee Edible Oils Sdn Bhd.

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Table of Content

1. MALAYSIA EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. MALAYSIA 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 MALAYSIA EDIBLE OIL MARKET

3. MALAYSIA 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. MALAYSIA EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. LAM SOON (M) BHD

5.2. FFM BHD

5.3. DELIMA OIL PRODUCTS SDN BHD

5.4. YEE LEE EDIBLE OILS SDN BHD

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

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

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

TABLE 3: MALAYSIA – COUNTRY SNAPSHOT

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

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

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

List of Figures

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

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

FIGURE 3: VALUE CHAIN ANALYSIS

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

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

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

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

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

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

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

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

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

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

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

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