Russia Edible Oil Market Research Report, 2028

In Russian Edible oils have played a vital role cuisine for centuries. The use of various oils can be traced back to pre-modern times when vegetable oils were commonly used in traditional Russian dishes. Edible oils are essential ingredients in many traditional Russian dishes. They are used for frying, sautéing, and adding depth of flavor to soups, stews, and salads. Iconic dishes like borscht (beet soup) and pelmeni (dumplings) often include the use of edible oils. Edible oils are used in various culinary techniques, including pickling and preserving. Sunflower oil, in particular, is used to preserve vegetables for the winter months, a practice that has historical and cultural significance. In some rural areas, it is common for families to produce their own edible oils, especially sunflower oil. This practice has been passed down through generations and adds a personal touch to cooking. Like in many countries, there is a growing awareness of health and nutrition in Russia. While sunflower oil remains a staple, some consumers are turning to alternative cooking oils, such as canola or olive oil, for perceived health benefits. Edible oils can hold cultural significance in Russian traditions. They are sometimes used in rituals or celebrations, such as the tradition of using oil for anointing or blessing. Russia has a robust local production of edible oils, particularly sunflower oil. This local production contributes to the accessibility and affordability of cooking oils for the Russian population. In Russia's cold climate, cooking practices can vary seasonally. In the winter months, preservation techniques like pickling and fermentation are commonly used, and edible oils play a role in these preparations. Edible oils often play a role in Russian celebrations and rituals. For example, during the Orthodox Christian holiday of Easter, it is customary to bless special Easter bread (kulich) and painted eggs with a few drops of oil before sharing them with family and friends. Beyond culinary use, some edible oils, such as sunflower oil, are also used in skincare and beauty rituals. Sunflower oil, for example, is sometimes incorporated into homemade skincare treatments for its moisturizing properties. According to the research report "Russia Edible Oil Research Report, 2028," published by Actual Market Research, the Russia Edible Oil market is anticipated to grow at 6% CAGR from 2023 to 2028. One of the primary drivers in the Russian edible oil market was the increasing demand for healthier cooking oils. Consumers were becoming more health-conscious and seeking oils with better nutritional profiles, such as those with lower saturated fat content and higher levels of unsaturated fats, particularly in omega-3 and omega-6 fatty acids. The Russian market saw a notable shift towards vegetable oils over animal fats. This was partly driven by health considerations, as vegetable oils are generally lower in saturated fats, making them a healthier option. Increasing disposable income levels in Russia allowed consumers to explore premium and gourmet edible oils, contributing to the growth of this segment in the market. Clear and informative libelling that highlighted the nutritional benefits of edible oils, including their omega fatty acid content, played a role in consumer decision-making. Seasonal variations in edible oil consumption are observed in Russia. In winter, when fresh vegetables are less available, there is a greater reliance on pickled and preserved foods, which often use sunflower oil. In contrast, during the summer, there may be a higher demand for oils used in fresh salads and marinades. Cooking oil sprays designed for convenient and precise oil application gained popularity. These sprays are favored for their ability to provide even coverage in cooking and baking. Some consumers prioritize organic and non-genetically modified (GMO) edible oils due to health and environmental concerns. Brands that offer these options may attract health-conscious consumers. The availability of health and nutrition apps and websites can influence consumer choices by providing nutritional information, healthy cooking tips, and recipe ideas tailored to specific dietary needs.

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Based on product type the market is divided into Soybean oil, Palm Oil, Rapeseed Oil, Mustard oil, Sunflower Oil, Olive Oil, Ground nut Oil, Coconut Oil, Corn Oil, Ricebran oil, Sesame Oil, Cottenseed oil, Others (Apricot, Hazelnut, Almond, Macadamia, Walnut, Avocado, grapeseed, Cashew, Brazil nuts , canola etc). Rapeseed oil, especially the variety known as canola oil, is often perceived as a healthier alternative to traditional cooking oils. It has a low saturated fat content and a high proportion of heart-healthy unsaturated fats, such as monounsaturated and polyunsaturated fats. As health-consciousness grows among consumers, there may be an increased demand for rapeseed oil. Rapeseed oil has a high smoke point, which makes it suitable for various cooking methods, including frying and roasting. This versatility in culinary applications can make it an attractive choice for both home cooks and foodservice establishments. Rapeseed oil is a good source of essential fatty acids, such as omega-3 and omega-6, which are beneficial for overall health. It also contains vitamin E and other antioxidants, adding to its nutritional appeal. Rapeseed oil can be competitively priced compared to some other edible oils. Its affordability may attract price-sensitive consumers. In addition based on nature, Consumers in Russia, like in many other regions, have been increasingly health-conscious. Organic edible oils are perceived as a healthier choice because they are typically produced without synthetic pesticides, herbicides, and genetically modified organisms (GMOs). This aligns with the growing trend of consumers seeking healthier food options. Organic edible oils are often considered to be more nutritious due to their potential higher levels of antioxidants and essential fatty acids. This perception can drive demand, especially among consumers looking for functional foods. While organic products are often priced at a premium compared to conventional counterparts, some consumers are willing to pay more for perceived health and environmental benefits. In recent years, there has been an increasing demand for convenience foods in Russia, driven by busy lifestyles, urbanization, and a growing middle-class population. Many convenience foods, such as fried snacks and fast-food items, rely heavily on edible oils for preparation, contributing to the growth of the food service segment. Russia has witnessed the expansion of international fast-food chains and restaurant franchises. These establishments require significant quantities of edible oils for frying, sautéing, and salad dressings, thereby boosting the demand in the food service sector. Russia's tourism industry has been growing, with more tourists visiting the country. Hotels, restaurants, and catering services within the tourism sector are significant consumers of edible oils, as they serve meals to both domestic and international tourists. Economic growth can lead to higher disposable incomes and increased dining out, further boosting the food service sector. As people dine at restaurants and cafes, there's a higher consumption of dishes prepared with edible oils. In addition based on distribution channel, Russia has been witnessing significant growth in e-commerce, driven by increased internet penetration and changing consumer behavior. As more consumers in Russia become comfortable with online shopping, they are increasingly turning to e-commerce platforms to purchase groceries, including edible oils. Many online retailers offer subscription services for groceries, including edible oils. This ensures a regular and hassle-free supply for consumers, contributing to consistent sales. The availability of mobile apps from online retailers makes it even more convenient for consumers to shop for edible oils on their smartphones, facilitating impulse purchases. For instance, the most popular online channels for edible oil in Russia are Ozon, Wildberries, Yandex, Utkonos, Lenta and more. Considered in this report: • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Kripa Shah

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Aspects covered in this report: • Russia Edible Oil market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Soybean oil • Palm Oil • Rapeseed Oil • Mustard oil • Sunflower Oil • Olive Oil • Ground nut Oil • Coconut Oil • Corn Oil • Rice bran oil • Sesame Oil • Cottonseed oil • Others (Apricot, Hazelnut, Almond, Macadamia, Walnut, Avocado, grape seed, Cashew, Brazil nuts, canola etc.) By Nature • Conventional • Organic

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By End User • Domestic • Industrial • Food Service By Distribution channel • Offline • Convenience Store • Hypermarket/Supermarket • Direct Sales • Others • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Edible Oil industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.