Edible Oils Manufacturing in Australia - Industry Market Research Report

Edible Oils Manufacturing in Australia - Industry Market Research Report

Edible Oils Manufacturing in Australia

Edible oil manufacturers are susceptible to a range of downstream factors, which are pulling in different directions. Rising oil prices mean manufacturers can receive a greater price for the same portion of oil sold, while consumer health patterns are changing what products are sold domestically. Consumers have increasingly sought healthier foods to live a healthier lifestyle, raising the popularity of premium olive oils and niche oils. While these trends are beneficial for edible oil producers, as premium olive and niche oils fetch higher prices, several factors are preventing manufacturers from receiving the full benefits of higher demand. For example, Mediterranean olive oils have a strong reputation for being extremely high quality. This means imports pose a significant threat to domestic producers, which is sustaining competition for domestic manufacturers. However, the growing prevalence of private-label products is also elevating competition, placing downwards pressure on prices. Understandably, the industry hasn't been able to reap the full benefits of rising demand. Overall, revenue has been growing at an average annualised 1.5% over the past five years – despite an anticipated 0.8% fall in the current year – and is expected to reach $917.1 million in 2022-23, with profit totalling an estimated 1.3%.

Edible oils manufacturers produce plant-based oils for immediate use or for use in cooking. Industry companies purchase their products from upstream growers or may grow their own grains or oilseeds. The industry includes those manufacturing private-label oils.

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.