MARKET OUTLOOK
The Brazilian edible oil market is expected to proliferate at a CAGR of 1.54% by revenue and 1.11% by volume during the forecasting period between 2019 and 2025.
The growth in the olive oil volume sales is expected to increase over the forecast period due to awareness about its health benefits. In addition, store-based retailing will remain the most important channel within edible oils, with hypermarkets and supermarkets continuing to lead sales. These factors will drive the growth of Brazil’s edible oil market in the coming years. However, the vegetable oils high in Omega 6, are harmful for health. These are contained in canola oil, soybean oil, corn oil, sunflower oil, cottonseed oil, sesame oil, peanut oil and rice bran oil. This is a major factor restraining the growth of the market.
COMPETITIVE OUTLOOK
Some of the companies having their presence in the Brazil edible oil market are Imcopa, Gallo Brasil, ADM, Cargill and Bunge.