The Indonesia edible oil market size is projected to exhibit a growth rate (CAGR) of 4.37% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate 2024-2032 | 4.37% |
Edible oil refers to the fatty liquid extracted from various vegetable- and animal-based sources at lower temperatures. Some of the common varieties include palm oil, soybean oil, mustard oil, sunflower oil, olive oil, etc. These edible oils contain a high amount of essential fat-soluble vitamins, polyunsaturated fatty acids, and minerals, such as zinc, phytosterols, selenium, etc. As a result, they are widely adopted for extensive cooking purposes across hotels, cafes, food processing units, restaurants, households, etc.
In Indonesia, the expanding food processing industry along with the wide applications of edible oil in baking, dressing, frying, etc., is augmenting the market growth. The changing consumer dietary patterns with their hectic work schedules are propelling the consumption of processed food items that utilize edible oil as food preservatives and flavoring agents, thereby catalyzing the product demand in the country. Moreover, the growing consumer health concerns towards the high prevalence of several lifestyle diseases, such as cardiovascular ailments, diabetes, obesity, gastrointestinal disorders, etc., are primarily driving the demand for healthy edible oils. Additionally, the rising demand for vegetable oil-based margarine as a healthier substitute to butter, particularly among health-conscious and lactose-intolerance consumers, is further propelling the market growth. Apart from this, the increasing consumer inclination towards organic edible oils that are free from synthetic preservatives is also bolstering the product demand in the country. In the coming years, continuous upgradations in cold-pressing and refining technologies for enhanced oil production will continue to drive the market for edible oils in Indonesia.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indonesia edible oil market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on type, packaging type, packaging material, pack size, application and distribution channel.
Breakup by Type:
Breakup by Packaging Type:
Breakup by Packaging Material:
Breakup by Pack Size:
Breakup by Application:
Breakup by Distribution Channel:
The competitive landscape of the industry has also been examined with some of the key players being Astra Agro Lestari Tbk PT, PT. Asianagri Hilir, PT. Bina Karya Prima, PT Cargill Indonesia (Cargill, Incorporated), PT PP London Sumatra Indonesia Tbk, PT Salim Ivomas Pratama Tbk, PT Smart TBK, PT Socfin Indonesia, PT Tunas Baru Lampung Tbk and Wilmar International Ltd.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion, Million Tons |
Segment Coverage | Type, Packaging Type, Packaging Material, Pack Size, Application, Distribution Channel |
Companies Covered | Astra Agro Lestari Tbk PT, PT. Asianagri Hilir, PT. Bina Karya Prima, PT Cargill Indonesia (Cargill, Incorporated), PT PP London Sumatra Indonesia Tbk, PT Salim Ivomas Pratama Tbk, PT Smart TBK, PT Socfin Indonesia, PT Tunas Baru Lampung Tbk, Wilmar International Ltd. |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the Indonesia edible oil market to exhibit a CAGR of 4.37% during 2024-2032.
The rising prevalence of numerous lifestyle diseases, such as stroke, diabetes, obesity, etc., along with the increasing demand for organic edible oils that are free from synthetic preservatives, is primarily driving the Indonesia edible oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of edible oils across the nation.
Based on the type, the Indonesia edible oil market has been divided into palm oil, soybean oil, mustard oil, sunflower oil, olive oil, and others. Among these, palm oil currently holds the largest market share.
Based on the packaging type, the Indonesia edible oil market can be segmented into pouches, jars, cans, and bottles. Currently, pouches account for the majority of the total market share.
Based on the packaging material, the Indonesia edible oil market has been bifurcated into metal, plastic, paper, and others, where plastic currently exhibits a clear dominance in the market.
Based on the pack size, the Indonesia edible oil market can be categorized into less than 1 liters, 1 liters, 1 liters - 5 liters, 5 liters - 10 liters, and 10 liters and above. Currently, 1 litres-5 liters account for the majority of the total market share.
Based on the application, the Indonesia edible oil market has been segregated into HoReCa, home users, and food processing industry. Among these, home users currently exhibit a clear dominance in the market.
Based on the distribution channel, the Indonesia edible oil market can be bifurcated into direct/institutional sales, supermarkets and hypermarkets, convenience stores, online, and others. Currently, supermarkets and hypermarkets hold the largest market share.
Some of the major players in the Indonesia edible oil market include Astra Agro Lestari Tbk PT, PT. Asianagri Hilir, PT. Bina Karya Prima, PT Cargill Indonesia (Cargill, Incorporated), PT PP London Sumatra Indonesia Tbk, PT Salim Ivomas Pratama Tbk, PT Smart TBK, PT Socfin Indonesia, PT Tunas Baru Lampung Tbk, and Wilmar International Ltd.