Volume sales growth in edible oils is expected remain sluggish during the forecast period. When returning to work outside of the home, local consumers see food service “almuerzos ejecutivos” (complete meals) as a way to combat high inflation.
Edible oils has been strongly impacted by several factors, including the pandemic, poor harvests due to weather, and a scarcity of raw materials thanks to the war in Ukraine, leading to dramatic price hikes. Even when the war eventually ends it will take a long time for prices to drop down if they do at all.
Olive oil is expected to remain the preferred option among health-conscious households over the forecast period. With a comparatively high price range, retail sales will see accelerated growth in current value terms.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Colombia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See All of Our DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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