BMI Food Bites: Good growth in general purpose oils
BRAND ACTIVITY
Apr 25th 2012, 11:22
South Africa’s edible oils are mainly from sunflower seeds and canola seeds, with production seen predominantly in KwaZulu-Natal and Gauteng. In recent years there has been growth in the production of edible oils from alternative plant sources, such as olives. This forms part of the speciality oils analysis, where much of these volumes is imported.
The search for alternative energy implies that the future consumption of edible oils competes with fuel uses of the same product. This may inflate demand for the product in years to come.
The edible oils market maintains a reasonable contribution to overall GDP compared to other food and beverage categories.
Edible oils have a long history of use during cooking, with many Mediterranean dishes relying heavily on their use. This is due to the region’s rich soil and good olive and nut growth. Oil manufactured
from nuts may be used in the baking of confectionery, and carries with it the danger to those allergic to nuts.
Retail continues to be the major channel for the distribution of edible oils. Wholesale is also very popular as many informal retailers and foodservice outlets prefer to buy their oil in bulk from this sector.
Read more about the edible oils category in the BMi Annual Market Quantification (December 2011)Click here for more information on BMI Research
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