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