Dublin, June 03, 2021 (GLOBE NEWSWIRE) -- The "The Manufacture of Vegetable and Animal Oils and Fat in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.
This report focuses on the manufacture of oils and fats derived from vegetables and animals. It includes information on the state of the sector, including production and trade, and the factors that influence it.
There are profiles of 27 companies including industry players that manufacture refined edible oils including baking fats and margarine such as Amanah Oil, Africa Sun Oil Refineries, Epic Foods and Wilmar Continental Edible Oils and Fats and D H Brothers Industries, which trades as Willowton Group. Butter manufacturers profiled include Ladismith Cheese and Lactalis .
Manufacture of Vegetable and Animal Oils and Fat:
South Africa's oils and fats manufacturing sector is dominated by vegetable oils and fat, and sunflower oil is the most widely consumed vegetable oil in the country. South Africa is a net importer of edible oils, which include sunflower, soybean and palm oil as it does not produce enough to meet demand.
South Africa produced an estimated 464,000 tons of oil from seeds in the 2019/20 marketing year to end-February 2020, and is forecast to produce 507,000 tons in the 2020/21 marketing year, when imported oilseed oil will account for about 65% of local consumption.
Vegetable oil demand has increased by an average 3% per annum during the past ten years. In recent years, increasing health awareness and the banting diet, which advocates the consumption of monounsaturated fats such as olive oil and avocado oil, helped to boost demand for healthy edible oils such as olive oil.
However, the majority of South Africans are less concerned with health benefits and continue to buy affordable products. Consumers are under severe economic pressure and remain loyal to relatively affordable sunflower oil.
Margarine continues to be more popular and a cheaper alternative to butter. In May 2020, Stats SA published data highlighting the price changes for essential goods during lockdown which showed the largest cumulative price increases were recorded in milk, eggs, and cheese as well as oils and fats.;
Key Topics Covered:
2. Description of the Industry
2.1. Industry Value Chain
2.2. Geographic Position
3. Size of the Industry
4. State of the Industry
4.1.1. Corporate Actions
4.1.3. Enterprise Development and Socio-Economic Development
5. Influencing Factors
5.1. Economic Environment
5.3. Input Costs
5.4. Technology, Research and Development (R&D) and Innovation
5.6. Health Concerns
5.7. Environmental Concerns
6.1. Barriers to Entry
7. SWOT Analysis
9. Industry Associations
Summary of Notable Players
Africa Sun Oil Refineries (Pty) Ltd
Amanah Oil Cc
Avera Foods (Pty) Ltd
Clover Sa (Pty) Ltd
Crede Oils (Pty) Ltd
D H Brothers Industries (Pty) Ltd
Darling Olives (Pty) Ltd
De Rustica Estates (Pty) Ltd
Elangeni Oil (Pty) Ltd
Epic Foods (Pty) Ltd
Epko Oil Seed Crushing (Pty) Ltd
Free State Oil (Pty) Ltd
Lactalis South Africa (Pty) Ltd
Ladismith Cheese Company (Pty) Ltd
Lapithos Olive Growers
Majesty Oil Mills (Pty) Ltd
Philafrica Foods (Pty) Ltd
Porterville Olives (Pty) Ltd
Sea Lake Investments (Pty) Ltd
Sime Darby Oils South Africa (Pty) Ltd
Southern Oil (Pty) Ltd
Standerton Oil Mills (Pty) Ltd
Sunola Oil Mills (Pty) Ltd
Unilever South Africa (Pty) Ltd
Vest-Activ Four (Pty) Ltd
Wilmar Sa (Pty) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/tbkzsm
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