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Australia Cooking Oil Market Size, Share, Trends, Growth: By Type: Palm Oil, Soy Oil, Sunflower Oil, Peanut Oil, Olive Oil, Rapeseed Oil, Others; By Application: Bakery and Confectionery, Snack Foods, Salads, Margarine, Fillings and Spreads, Others; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Australia Cooking Oil Market Outlook
The Australia cooking oil market size is expected to grow at a CAGR of 4.7% between 2024 and 2032.
Key Takeaways
- Canola and cottonseed, as Australia's primary oilseed crops, dominate local production, contributing to over 90% of the total output. The country's oilseed industry is characterised by its dynamic and diverse nature, encompassing various crops such as soy, sunflower, safflower, peanut, and linseed/linola.
- According to industry reports, Australia plays a significant role in the global canola trade, exporting over one million tonnes annually to markets including Japan, Europe, China, and Pakistan.
- Consumption trends reflect a growing preference for healthier options, particularly canola and high oleic oils, with soft oils commanding over half of the total fats and oils market share. Canola stands out as the most favoured soft oil, constituting approximately 45% of total soft oils consumption in Australia.
The cooking oil market in Australia encompasses oils extracted from plants and nuts for cooking and food preparation, rich in triglycerides comprising three fatty acids and glycerol. Common oils like olive, palm, soybean, canola, and sunflower enhance food flavour and nutritional value, providing essential vitamins and acting as a heat transfer medium for frying.
Food Standards Australia New Zealand oversees their production and distribution. Multinationals in Western Australia invest in R&D, processing, and marketing due to rising demand, supported by government investments in research, grants, and infrastructure. Despite supply chain challenges and global market volatility, the sector sees potential, especially with increasing demand for organic health-based products.
Olive and coconut oils gain traction in bakery applications for their neutral taste, while non-GMO oils like sunflower and olive witness growing demand. Palm oil, though widely used, faces scrutiny due to deforestation concerns, prompting demand for palm oil-free certifications. Australia's oilseed industry, primarily producing canola and cottonseed, exports significant volumes globally, meeting stringent quality standards and catering to various sectors, including cooking, dairy, cosmetics, and industrial applications. Industry advancements, including selective breeding programs and high-quality storage facilities, ensure Australian canola meets global standards, offering clean and high-quality products sought by health-conscious consumers and diverse industries while aiding the Australian cooking oil market development.
Market Segmentation
Australia Cooking Oil Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Palm Oil
- Soy Oil
- Sunflower Oil
- Peanut Oil
- Olive Oil
- Rapeseed Oil
- Others
Market Breakup by Application
- Bakery and Confectionery
- Snack Foods
- Salads
- Margarine, Fillings and Spreads
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Channels
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Companies involved this market are consistently doing innovation in product quality, variety, usage, and other attributes to maintain a strong foothold in the market.
- Plenty Foods Pty Ltd.
- Cobram Estate Olives Limited
- Koala Gold
- Grampians Olive Co.
- Alba Edible Oils
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Cooking Oil Market Overview
8.1 Key Industry Highlights
8.2 Australia Cooking Oil Historical Market (2018-2023)
8.3 Australia Cooking Oil Market Forecast (2024-2032)
9 Australia Cooking Oil Market by Type
9.1 Palm Oil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Soy Oil
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Sunflower Oil
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Peanut Oil
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Olive Oil
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Rapeseed Oil
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Others
10 Australia Cooking Oil Market by Application
10.1 Bakery and Confectionery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Snack Foods
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Salads
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Margarine, Fillings and Spreads
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Cooking Oil Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online Channels
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Cooking Oil Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Plenty Foods Pty Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Cobram Estate Olives Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Koala Gold
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Grampians Olive Co.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Alba Edible Oils
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Cooking Oil Market: Key Industry Highlights, 2018 and 2032
2. Australia Cooking Oil Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Cooking Oil Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Cooking Oil Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Australia Cooking Oil Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Australia Cooking Oil Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Australia Cooking Oil Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Australia Cooking Oil Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Cooking Oil Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Cooking Oil Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is categorised according to its application, which includes bakery and confectionery, snack foods, salads, margarine, fillings and spreads and others.
The key market players are Plenty Foods Pty Ltd., Cobram Estate Olives Limited, Koala Gold, Grampians Olive Co., Alba Edible Oils, and others.
The market is driven by factors that include rising investments in R&D activities, growing government initiatives, and increasing demand for organic health-based products, among others.
The various distribution channels studied in the market are supermarkets and hypermarkets, convenience stores, online channels and others.
Each year, Australia yields a crucial oilseed crop, essential for a healthy diet, including canola, sunflower, soybean, and cottonseed oils. These economically accessible oils are extracted from nature's finest seeds through crushing and pressing methods, ensuring the retention of their essential nutrients.
Typically, the top 10 largest producers of edible oil worldwide comprise China, India, the United States, Indonesia, Argentina, Brazil, Malaysia, Russia, Ukraine, and the European Union.
United States, China, and India account for the largest share of cooking oil consumption globally.
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