Indonesia's Edible Oil Market: A Sustainable and Health-Conscious Transformation Towards 2027

GURUGRAM, India, Feb. 5, 2024 /PRNewswire/ — Ken Research’s latest findings reveal a transformative growth in Indonesia’s edible oil market, anticipated to burgeon with sustainability and consumer health at its core. With the country commanding a significant 40% of the global palm oil demand, the market’s shift towards eco-friendly and nutritious cooking oil options is noteworthy. The rise in processed food consumption, driven by busy lifestyles, further catalyzes this demand, with palm oil leading the charge due to its versatility and affordability.

Market Dynamics and Growth Drivers: Indonesia’s edible oil industry, marked by a CAGR of 19.6% from 2017 to 2022, is buoyed by an expanding food processing sector and evolving dietary habits. The government’s initiatives to amplify the market share of edible oils, particularly palm oil, coupled with the increasing consumer preference for healthier alternatives like soybean and coconut oil, underscore the market’s robust growth trajectory.

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Competitive Landscape: The market witnesses a blend of domestic and international players, with giants like Astra Agro Lestari Tbk PT and PT. Asianagri Hilir leading the pack. The diversity in offerings and the surge in demand for value-for-money options are reshaping the competitive dynamics, presenting opportunities for innovation and expansion.

Sustainability and Consumer Preferences: With environmental concerns and health consciousness on the rise, the market is pivoting towards sustainable practices and healthier product offerings. This shift not only caters to the growing demand but also positions companies for leadership in a highly competitive landscape.

Future Outlook: Projected to expand at a CAGR of 3.1% between 2022 and 2027, the market’s future is bright, with palm oil expected to dominate due to its increasing domestic and international demand. The government’s regulatory framework and the population’s price-sensitive attitude are set to drive edible oil sales, further fueled by a rising demand for high-quality oils.

For an in-depth analysis of Indonesia’s edible oil market’s current state and future prospects, visit Ken Research for the comprehensive report.”

For the full insights and detailed analysis on the growth, trends, and future projections of Indonesia’s evolving edible oil industry, Ken Research’s report provides a comprehensive overview.

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Taxonomy

By Type of Oil

Palm Oil

Olive Oil

Soybean Oil

Corn Oil

Mustard Oil

Others

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By Retail Channel

Small Local Grocers

Retail E-Commerce

Convenience Stores

Hypermarkets

Supermarkets

By Brand

Bimoli

Tropical

Filma

Sania

Fortune

Others

By Sales Channel

Retail Offline

Retail E-Commerce

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Indonesia Edible Oil Market

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