Cooking Oil and Margarine Manufacturing in Australia - Industry Market Research Report

Cooking Oil and Margarine Manufacturing in Australia - Industry Market Research Report

Cooking Oil and Margarine Manufacturing in Australia

Favourable domestic and international conditions have seen Australian cooking oil and margarine manufacturers thrive in recent years. High domestic supply and elevated international prices have boosted exports and revenue. Domestic manufacturers have benefited from increased upstream supply, while downstream demand from markets like supermarkets and cafes has risen. Nonetheless, some industry segments have suffered from high import competition as large fast-food chains have increasingly imported refined cooking oils. However, rising health concerns have benefited some segments at the expense of others, leading some customers to shift to unrefined or niche cooking oils. Overall, revenue has grown at an annualised 3.5% over the five years through 2023-24 and is expected to total $3.5 billion, despite a forecast revenue decline of 3.1% in 2023-24.

Industry companies manufacture a range of refined and unrefined cooking oils, such as olive, avocado, coconut and canola oils. Companies also produce margarine, lard and several other products using vegetable and animal oils and fats.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.