Oils and Fats in Brazil - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-11 18:01:02
Bunge Alimentos and Cargill AgrÃcola accounted for a combined 47% of value sales in the Brazil oils market in 2012, showing a slight decrease compared to the previous year. Both companies owe their strong presence in oils and fats largely to sales of vegetable and seed oil. During the Apas Trade Fair in May 2012, Bunge Alimentos launched new versions of Cardeal olive oil and relaunched the DelÃcia brand in spreadable oils and fats category, with a new formulation. DelÃcia is available in four types: DelÃcia Cremosa, DelÃcia Light, DelÃcia Mila and DelÃcia Supreme.
Oils and fats registered value growth of 7% in 2012, which was faster than the CAGR of 5% over the 2007-2012 period. Overall, the rise in commodities prices during 2012, particularly of soybeans, boosted the average retail prices of oils and fats significantly.
Oils and fats products are expected to post moderate growth between 2012 and 2017, with a CAGR of 2% in retail volume and 3% in constant value terms. Vegetable and seed oil, and spreadable oils and fats will continue to be the largest categories, accounting for a combined 77% share in value terms in 2017. The leading multinationals in vegetable and seed oil â Bunge, Cargill and Archer Daniels Midland â are expected to increase exports and investment in their factories to meet world demand for soybean commodities over the 2012-2017 period.
- Despite oils and fats products decreasing by 7% in volume terms in 2012, the category increases by 7% in current value sales
- A shortage of soybeans and an increase in soybean exports affected volume sales of vegetable and seed oil in 2012
- Olive oil registers the highest current value growth in 2012, of 23%
- Rising commodity costs push up unit prices in 2012
- Bunge Alimentos and Cargill AgrÃcola account for more than 47% of value in 2012
- The category is expected to produce CAGRs of 2% and 3% in retail volume and constant value sales, respectively, between 2012 and 2017
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