The cooking and edible oils market in Cambodia presents a promising landscape, poised for steady growth through the coming years. With a projected expansion of 1.9% CAGR from 2022 to 2028, according to StrategyHelix, this sector stands as a vital component of Cambodia’s food industry, reflecting the country’s evolving culinary preferences and economic development.
In 2024, the edible oils market in Cambodia is set to reach a revenue milestone of US$9.21 million, underpinned by an annual growth rate of 2.94% over the 2024-2028 period. This growth trajectory places Cambodia in a position of positive momentum within the global edible oils landscape, where India leads in revenue generation.
The segmentation of Cambodia’s cooking and edible oils market reveals a diverse range of products catering to various culinary needs, from corn oil and olive oil to palm and soybean oil, each finding its niche in the Cambodian kitchen. The packaging innovation, spanning glass bottles to plastic containers, highlights the market’s adaptability to consumer preferences and environmental considerations.
A significant insight into consumer behavior is the prominence of grocery stores as the primary retail channel, showcasing the traditional shopping habits of the Cambodian populace while also indicating a potential for growth in e-commerce and modern retail formats.
With an expected volume of 1.90 million kg by 2028 and an average consumption of 0.11 kg per person in 2024, the market’s volume dynamics reflect a stable demand for cooking and edible oils, integral to daily cooking and food preparation in Cambodia.
This positive outlook for Cambodia’s cooking and edible oils market not only underscores the sector’s resilience and growth potential but also highlights the country’s role in the broader edible oils industry. As Cambodia continues on this growth path, the cooking and edible oils market is set to remain a key player in the nation’s vibrant food culture and economic landscape.