The Slovakian market has been quick to react to production shortages and stoppages from markets such as Ukraine, thus improving supplies for rapeseed and sunflower oils. This is helping to moderate price hikes in 2023 and will have a continued positive impact on consumption in 2024.
Private label products enjoyed a period of growth and development at the end of the review period, benefitting from strong demand for value-for-money product options. However, Slovakian consumers will continue to show interest in traditional and more premium edible oil variants over the forecast period, with brands’ price promotions key to keep private label growth at bay.
EU commission plans to increasingly combat false marketing when it comes to eco-friendly claims to put a stop to greenwashing. New legislation is in the pipelines and companies will be required to back up climate-friendly claims about their products with evidence, spanning from harvest through production.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See All of Our DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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