Market by Type and Distribution Channel | Forecast 2023-2028
Triton Market Research predicts that the market
for edible oil in Thailand would witness a CAGR
of 11.57% in revenue and 5.82% in volume throughout the forecast
period 2023-2028. It is further set to obtain $XX
million and XX million liters by 2028.
Edible oil, commonly known as cooking oil, is a
form of fat derived from plants, animals, or microbes. It consists of
triglycerides derived from one glycerol unit and three fatty acids. Estimates
suggest that edible oils are suitable in foods at room temperature. Some
typical edible oils used to flavor cuisine include soybean oil, canola oil,
olive oil, sunflower oil, and palm oil.
The nutritional value of food is increased by
using oils and fats. Thus, edible oils help deliver essential nutrients to the
body, such as vitamins A and D. At high temperatures, such as frying, they
serve as a heat transfer medium. Furthermore, their use improves the taste
sensation in spreads and salad dressings, enhancing the flavor and texture of
various foods. The Thai Food and Drug Administration (FDA) regulates the
production, packaging, and supply of edible oil in Thailand to ensure consumer
safety.
It is anticipated that the demand for premium
unsaturated vegetable oils, including walnut oil, avocado oil, and macadamia
oil, will increase due to the growing middle-class population in metropolitan
areas and the rising consumption of home-cooked food. Additionally, people are
stockpiling necessities such as edible oils owing to anticipated shortages,
which increases demand for edible oils. Due to its higher retail prices and
decreased suitability for frying, there was an increase in the consumption of
olive oil among niche customers.
Due
to its reduced price compared to other edible oils, palm oil is widely used in
Thailand. However, it raises serum cholesterol levels and increases the risk of
cardiovascular disease. As a result, such health-related concerns are likely to
impede the edible oil market's expansion.
Triton Market Research's report
provides in-depth insight into the Thailand 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 Thailand
edible oil market includes market by type and distribution channel.
The key players for the edible oil market are Sime Darby Oils Morakot
PCL, Thai Vegetable Oil PCL, Lam Soon (Thailand) PCL, Patum Vegetable Oil Co
Ltd, and Oleen Co Ltd.
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VIEW REPORT1. THAILAND
EDIBLE OIL MARKET - SUMMARY
1.1. MARKET
SIZE & FORECASTS
1.2. MARKET
DRIVING ASPECTS
1.3. MARKET
RESTRAINING ASPECTS
1.4. KEY
PLAYERS
2. THAILAND
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 THAILAND EDIBLE OIL MARKET
3. THAILAND
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. THAILAND
EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)
4.1. RETAIL
CHANNEL
4.2. E-COMMERCE
5. COMPETITIVE
LANDSCAPE
5.1. SIME
DARBY OILS MORAKOT PCL
5.2. THAI
VEGETABLE OIL PCL
5.3. LAM
SOON (THAILAND) PCL
5.4. PATUM
VEGETABLE OIL CO LTD
5.5. OLEEN
CO LTD
6. RESEARCH
METHODOLOGY & SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE 1: THAILAND EDIBLE OIL MARKET 2023-2028
(IN $ MILLION)
TABLE 2: THAILAND EDIBLE OIL MARKET 2023-2028
(IN MILLION LITERS)
TABLE 3: THAILAND – COUNTRY SNAPSHOT
TABLE 4: THAILAND EDIBLE OIL MARKET, BY TYPE,
2023-2028 (IN $ MILLION)
TABLE 5: THAILAND EDIBLE OIL MARKET, BY TYPE,
2023-2028 (IN MILLION LITERS)
TABLE 6: THAILAND EDIBLE OIL MARKET, BY
DISTRIBUTION CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 1: THAILAND EDIBLE OIL MARKET, MARKET
SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 2: THAILAND EDIBLE OIL MARKET, BRAND
SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 3: VALUE CHAIN ANALYSIS
FIGURE 4: THAILAND EDIBLE OIL MARKET, BY TYPE,
2022 & 2028 (IN %)
FIGURE 5: THAILAND EDIBLE OIL MARKET, BY OLIVE
OIL, 2023-2028 (IN $ MILLION)
FIGURE 6: THAILAND EDIBLE OIL MARKET, BY CORN
OIL, 2023-2028 (IN $ MILLION)
FIGURE 7: THAILAND EDIBLE OIL MARKET, BY PALM OIL,
2023-2028 (IN $ MILLION)
FIGURE 8: THAILAND EDIBLE OIL MARKET, BY
RAPESEED OIL, 2023-2028 (IN $ MILLION)
FIGURE 9: THAILAND EDIBLE OIL MARKET, BY SOY
OIL, 2023-2028 (IN $ MILLION)
FIGURE 10: THAILAND EDIBLE OIL MARKET, BY
SUNFLOWER OIL, 2023-2028 (IN $ MILLION)
FIGURE 11: THAILAND EDIBLE OIL MARKET, BY OTHER
EDIBLE OILS, 2023-2028 (IN $ MILLION)
FIGURE 12: THAILAND EDIBLE OIL MARKET, BY
DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)
FIGURE 13: THAILAND EDIBLE OIL MARKET, BY
RETAIL CHANNEL, 2023-2028 (IN $ MILLION)
FIGURE 14: THAILAND EDIBLE OIL MARKET, BY
E-COMMERCE, 2023-2028 (IN $ MILLION)