Indonesia Cooking Oil Market Trends, Share, Revenue, Scope, Growth Drivers, Challenges, Future Strategies and Competitive Analysis 2023-2033


Indonesia Cooking Oil Market Trends, Share, Revenue, Scope, Growth Drivers, Challenges, Future Strategies and Competitive Analysis 2023-2033: SPER Market Research

 Category : Food & Beverages

 Published: Nov-2023
 Author: SPER Analyst

Indonesia Edible Oil Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 5.24%.

A fatty liquid called edible oil is made from a variety of plant and animal sources at low temperatures. Here are some common types of oil: palm, soybean, mustard, sunflower, olive, and more. Minerals including zinc, phytosterols, and selenium, as well as important fat-soluble vitamins and polyunsaturated fatty acids, are abundant in these edible oils. They are so frequently used in so many different places, such homes, cafes, hotels, restaurants, and food processing businesses.

Indonesia Edible Oil Market Driving Factors and Challenges

There are several drivers that driving market growth. The rise of the market is being aided by the growing food processing sector in Indonesia and the variety of uses for edible oil, including frying, dressing, baking, and other uses. The fast-paced work schedules of customers are driving up demand for products in the country and increasing the consumption of processed foods that contain edible oil as flavouring and preservation agents. The demand for healthy edible oils is also being driven by growing consumer health concerns about the prevalence of lifestyle disorders like obesity, diabetes, cardiovascular disease, gastrointestinal issues, and so on. The market is also growing as a result of customers' growing insistence on margarine made from vegetable oil instead of butter, particularly those who are lactose intolerant and health-conscious.

However, it is anticipated that high product costs and restricted raw material availability may impede market growth. In addition, the use of artificial and synthetic ingredients in various applications, which poses health dangers, as well as inconsistent laws, are projected to pose challenges for the edible the oil market throughout the duration of the projection.

Impact of COVID-19 on Indonesia Edible Oil Market 
COVID-19 has a negative impact on a variety of enterprises. During this time, however, the edible oil industry grew tremendously. The majority of the population was particularly interested in adopting healthy diets during the government's lockdown to prevent the spread of the coronavirus disease. As health issues become more frequent, people are turning to health supplements to boost their immunity. In the post-pandemic era, the greater emphasis on good health will fuel market expansion.

Indonesia Edible Oil Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Astra Agro Lestari Tbk PT, 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, PT Asianagri Hilir, PT Bina Karya Prima and Wilmar International Ltd.

Indonesia Edible Oil Market Segmentation:

By Type: Based on the Type, Indonesia Edible Oil Market is segmented as; Palm Oil, Soybean Oil, Mustard Oil, Sunflower Oil, Olive Oil, Others.

By Packaging Type: Based on the Packaging Type, Indonesia Edible Oil Market is segmented as; Pouches, Jars, Cans, Bottles.

By Packaging Material: Based on the Packaging Material, Indonesia Edible Oil Market is segmented as; Metal, Plastic, Paper, Others.

By Pack Size: Based on the Pack Size, Indonesia Edible Oil Market is segmented as; Less than 1 Litres, 1 Litres, 1 Litres - 5 Litres, 5 Litres - 10 Litres, 10 Litres and Above.

By Application: Based on the Application, Indonesia Edible Oil Market is segmented as; HoReCa, Home Users, Food Processing Industry.

By Distribution Channel: Based on the Distribution Channel, Indonesia Edible Oil Market is segmented as; Direct/Institutional Sales, Supermarkets and Hypermarkets, Convenience Stores, Online, Others.

By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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