SOUTH AFRICA EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

SOUTH AFRICA EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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Triton Market Research analyzed that the market for edible oil in South Africa is anticipated to witness growth in value and volume at a CAGR of 7.73% and 4.64%, respectively, over the forecast period 2023-2028. It is anticipated to generate $XX million in terms of revenue and XX million liters in terms of volume by 2028.

Edible oil, also known as cooking oil, is a type of fat based on plants, animals, or microorganisms. It comprises triglycerides made of three fatty acids and one glycerol unit. At room temperature, edible oils are in a liquid state and are considered safe to consume. Some common edible oils used to flavor foods comprise olive oil, palm oil, soybean oil, canola oil, and sunflower oil.

Since oils and fats add to the nutritional value of food, edible oils are used to provide vital nutrients to the body, such as vitamins A and D. These oils function as a heat transfer medium at high temperatures like frying. Besides this, they enhance the taste sensation in spreads and salad dressings.

Blends are becoming widely accessible, giving consumers a convenient and inexpensive option to use olive oil. During the forecast period, the production of local olive oil is set to reach a record high due to improved weather conditions. Price discounts will continue to be crucial in attracting customers to the sector. Additionally, the consumer base opting for expensive olive oil will probably rise with the increasing price promotions. Manufacturers also create new blends to attract customers by providing the ideal ratio of value-added features and affordable unit prices.

Producers, who struggle to quickly process the obtained oil, continue to face difficulties owing to disruptions in the energy supply. Due to the constant power blackouts, there is a need to invest in a backup energy source which has resulted in higher production costs. The market has also been impacted by global market volatility, resulting in increased prices and reduced sales, thereby hampering market growth.

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

The prominent players in the edible oil market include Cape Oil & Margarine (Pty) Ltd, Wilmar SA (Pty) Ltd, Shoprite Checkers (Pty) Ltd, Spar Group Ltd, and Pick 'n' Pay Retailers (Pty) Ltd.

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Table of Content

1. SOUTH AFRICA EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. SOUTH AFRICA 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 SOUTH AFRICA EDIBLE OIL MARKET

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

3.1. OLIVE OIL

3.2. RAPESEED OIL

3.3. SOY OIL

3.4. SUNFLOWER OIL

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

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. CAPE OIL & MARGARINE (PTY) LTD

5.2. WILMAR SA (PTY) LTD

5.3. SHOPRITE CHECKERS (PTY) LTD

5.4. SPAR GROUP LTD

5.5. PICK 'N' PAY RETAILERS (PTY) LTD

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

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

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

TABLE 3: SOUTH AFRICA – COUNTRY SNAPSHOT

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

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

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

List of Figures

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

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

FIGURE 3: VALUE CHAIN ANALYSIS

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

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

FIGURE 6: SOUTH AFRICA EDIBLE OIL MARKET, BY RAPESEED OIL, 2023-2028 (IN $ MILLION)

FIGURE 7: SOUTH AFRICA EDIBLE OIL MARKET, BY SOY OIL, 2023-2028 (IN $ MILLION)

FIGURE 8: SOUTH AFRICA EDIBLE OIL MARKET, BY SUNFLOWER OIL, 2023-2028 (IN $ MILLION)

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

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

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

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