Sri Lanka Cooking and Edible Oils Market 2025

Projected incremental growth in the Sri Lanka cooking and edible oils market is set at USD 82.2 million, reflecting a CAGR of nearly 3.6% over the forecast period from 2025 to 2030. Sri Lanka’s edible oils sector is gradually rebuilding itself amid economic volatility, supply chain disruption, and shifting dietary priorities. The country’s heavy reliance on palm oil imports, particularly from Malaysia and Indonesia, has historically placed it at the mercy of global commodity price swings and foreign currency constraints. Recent fiscal crises and the resulting shortage of foreign reserves have forced the government to explore alternative sources and promote local oilseed cultivation. Programs aimed at expanding the production of sesame, groundnut, and coconut—traditional crops with cultural resonance—are receiving renewed attention. Coconut oil, deeply embedded in Sri Lankan cuisine and Ayurveda, is undergoing a renaissance, buoyed by both domestic pride and export potential. Producers are leveraging this revival to promote value-added variants such as virgin cold-pressed coconut oil for both culinary and cosmetic applications.

At the consumer level, health consciousness is on the rise, particularly in urban centers like Colombo and Kandy, where awareness campaigns around cholesterol, cardiovascular diseases, and obesity have begun to reshape shopping behavior. Loose and unbranded oils are gradually being edged out by refined, packaged, and vitamin-fortified alternatives. Multinationals and regional players are responding with differentiated products that tout heart-health benefits, natural ingredients, and traceable supply chains. The growing role of supermarkets and digital commerce platforms is further driving this transition, allowing brands to engage consumers directly and build loyalty through health-driven narratives. As the economic environment stabilizes, the combination of import substitution policy and consumer sophistication may well pivot Sri Lanka’s edible oils market into a more structured and resilient growth model.

This report offers a detailed examination of the Sri Lanka cooking and edible oils market, leveraging historical data from 2020 to 2024 and projecting trends through 2030. It evaluates market size, growth trajectories, and key drivers of change, providing a nuanced view of the industry’s development. Through a structured analysis of product and distribution channel, the report identifies strategic opportunities and challenges, supporting data-driven decision-making.

Market Segmentation

The Sri Lanka cooking and edible oils market is categorized into the following segments:
Product: olive oil, palm oil, soybean oil, sunflower oil, others
Distribution channel: e-commerce, food and drinks stores, foodservice channels, hypermarkets, small grocery stores, supermarkets, others

The Sri Lanka cooking and edible oils market is segmented by product and distribution channel. The market is classified by product into olive oil, palm oil, soybean oil, sunflower oil, and others. Distribution channel segmentation comprises e-commerce, food and drinks stores, foodservice channels, hypermarkets, small grocery stores, supermarkets, and others.

Competitive Landscape

The cooking and edible oils market is dominated by key players, including Adamjee Lukmanjee & Sons (Pvt) Limited, East West Marketing (Pvt) Ltd, NMK Group of Companies and Pyramid Wilmar (Pvt) Ltd. This comprehensive report analyzes the performance of leading companies in the cooking and edible oils sector from 2020 to 2024. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Sri Lanka cooking and edible oils market.
Gain in-depth analysis and forecasts for the key segments of the Sri Lanka cooking and edible oils market: product and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka cooking and edible oils market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka cooking and edible oils market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Sri Lanka Cooking and Edible Oils Market – Product Analysis
Sri Lanka Cooking and Edible Oils Market – Distribution Channel Analysis
Company Shares Analysis
Adamjee Lukmanjee & Sons (Pvt) Limited
East West Marketing (Pvt) Ltd
NMK Group of Companies
Pyramid Wilmar (Pvt) Ltd.
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Sri Lanka Cooking and Edible Oils Market 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market, Net Growth, 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market, Growth Rates, 2020-2030
Table Sri Lanka Cooking and Edible Oils Market by Product, 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market by Product, 2020-2030
Table Sri Lanka Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Sri Lanka Cooking and Edible Oils Market by Distribution Channel, 2020-2030
Table Sri Lanka Cooking and Edible Oils Market Share (%), by Companies, 2020-2024
Chart Sri Lanka Cooking and Edible Oils Market, by Companies, 2024
Table Sri Lanka Cooking and Edible Oils Market Share (%), by Brands, 2020-2024
Chart Sri Lanka Cooking and Edible Oils Market, by Brands, 2024
Table Sri Lanka – Population (Millions) and Forecast
Table Sri Lanka – Consumer Price Index (CPI) and Forecast
Table Sri Lanka – Gross Domestic Product and Forecast
Table Sri Lanka Cooking and Edible Oils Market: Spend as a Proportion of GDP (%)
Table Sri Lanka Cooking and Edible Oils Market: Consumption per Capita (Population)

Companies Mentioned

Adamjee Lukmanjee & Sons (Pvt) Limited
East West Marketing (Pvt) Ltd
NMK Group of Companies
Pyramid Wilmar (Pvt) Ltd.