Indonesia Edible Oil Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 4.37% (2024-2032)

The growth of the market is driven by increasing domestic consumption, rising awareness of healthier oils, and expanding export demand. According to the latest report by IMARC Group, The Indonesia edible oil market size is projected to exhibit a growth rate (CAGR) of 4.37% during 2024-2032.

Indonesia Edible Oil Industry Trends and Drivers:

The growing need for both domestic and industrial uses is one of the factors responsible for the growth of the Indonesia edible oil market. Additionally, a major factor behind this growth is the increasing population and expanding middle class, which are fueling the demand for cooking oils in households, food services, and the food processing industry. Palm oil, being the most widely used and affordable option, dominates the market, especially in cooking and processed food production. The initiatives by government authorities to promote sustainable palm oil practices, coupled with biodiesel production from palm oil, are further bolstering market growth. Moreover, its status as one of the largest exporters of palm oil, particularly to countries like India and China, continues to expand the market on a global scale. 

The growing consumer demand for healthier and premium oil alternatives is augmenting the Indonesia edible oil market. In addition to this, as health consciousness rises, consumers are shifting toward oils with better nutritional profiles, such as olive, sunflower, and soybean oils. Manufacturers are supporting this trend by introducing fortified oils, which offer added health benefits like lowering cholesterol. Furthermore, sustainability has become a major focus, with both companies and consumers showing increased concern for environmentally friendly production practices, particularly in the palm oil industry. Efforts to ensure sustainable and ethical palm oil production through certifications and adherence to environmental standards are gaining momentum. Innovations in product development and a heightened focus on health and sustainability are anticipated to drive the Indonesia edible oil market growth in the coming years, ensuring the market remains competitive both domestically and internationally.

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Indonesia Edible Oil Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Palm Oil
• Soybean Oil
• Mustard Oil
• Sunflower Oil
• Olive Oil
• Others

Breakup by Packaging Type:

• Pouches
• Jars
• Cans
• Bottles

Breakup by Packaging Material:

• Metal
• Plastic
• Paper
• Others 

Breakup by Pack Size:

•  Less than 1 Litres
• 1 Litres
• 1 Litres - 5 Litres
• 5 Litres - 10 Litres
• 10 Litres and Above 

Breakup by Application:

• HoReCa
• Home Users
• Food Processing Industry

Breakup by Distribution Channel:

• Direct/Institutional Sales
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

Competitive Landscape:

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.

• 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.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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