South Africa Edible Oil And Fats Market Size & Outlook
South Africa edible oil and fats market, 2017-2030 (US$M)
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South Africa edible oil and fats market highlights
- The South Africa edible oil and fats market generated a revenue of USD 9,535.3 million in 2022 and is expected to reach USD 16,244.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 9,535.3 million |
| Market revenue in 2030 | USD 16,244.2 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.1% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10,414.0 million by 2030.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa edible oil and fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to edible oil and fats market will help companies and investors design strategic landscapes.
Edible oil was the largest segment with a revenue share of 75.38% in 2022. Horizon Databook has segmented the South Africa edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa is a major consumer of sunflower oil. The Bureau for Food and Agricultural Policy (BFAP) estimates that South Africa's consumption of sunflower oil in 2019 increased by 63% since 2008. Sunflower is the most important oilseed crop in South Africa; it is the main source of vegetable oil, followed by canola and soybeans.
Almost all of the local sunflower crop is used each year to make sunflower oil for the food processing industry. Although vegetable oil is produced in South Africa, the production is not enough to satisfy the country's expanding domestic demand, which is 2% annually.
The global pandemic and ensuing recession continue to limit consumers’ spending power throughout the country. As a result, customers choose oil in smaller packs/sizes, switch to cheaper oils, or choose to use less oil.
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Target buyers of South Africa edible oil and fats market databook
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into South Africa edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa edible oil and fats market size, by product, 2017-2030 (US$M)
South Africa Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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