SOUTH AFRICA EDIBLE OIL MARKET 2023-2028

Description

MARKET OUTLOOK

The edible oil market in South Africa is projected to register revenue and volume growth at a CAGR of 7.73% and 4.64%, respectively, throughout the forecast period 2023-2028.

Sunflower oil is widely consumed in South Africa. The double-digit increase in the average unit price heavily impacted low-income consumers, causing a drop in oil sales. Furthermore, consumer spending power in the country remains constrained on account of the recession and global pandemic.

As a result, consumers opt for smaller pack sizes or switch between different oils, whereas some customers resort to less oil consumption. This is expected to impede the edible oil market’s growth to a large extent.

Furthermore, consumers are looking for cost-effective ways to incorporate olive oil into their diet. However, pure olive oil is expensive for most consumers. This has led blends to gain popularity, providing consumers with an affordable way to include olive oil in their diets. Local olive oil production has increased significantly due to improved weather and is expected to reach a record high during the review period.

COMPETITIVE OUTLOOK

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

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)