Panama Cooking and Edible Oils Market 2025

Projections for the Panama cooking and edible oils market suggest a promising growth trajectory, with an anticipated rise of USD 57.0 million and a CAGR nearing 5.2% over the next five years. In 2024, Panama’s cooking and edible oils market was driven by the country’s growing middle class and increasing focus on healthier eating habits. Like many other Central American countries, palm oil was the dominant product due to its affordability and versatility in both household and foodservice applications. However, consumer preferences began to shift, particularly in urban areas like Panama City, toward healthier alternatives such as sunflower and olive oils. These oils, seen as lower in saturated fats and better for heart health, gained traction among middle- and upper-income consumers.

Retail developments, including the expansion of modern supermarkets and organic food stores, played a crucial role in diversifying the market. Consumers were increasingly exposed to international brands and premium oils, while local producers also stepped up their offerings of cold-pressed oils and organic variants. The foodservice sector continued to be a key market driver, with hotels, restaurants, and catering services increasingly opting for high-quality oils to meet growing consumer demand for healthier food options.

Furthermore, Panama’s strategic position as a trade hub allowed for easy access to a variety of oils from both Latin America and beyond, ensuring a competitive market environment and supporting both price stability and product variety.

This report presents a detailed analysis of the Panama cooking and edible oils market, offering six years of historical market size data and growth trends, as well as forward-looking estimates through 2030. It explores category-specific and subcategory dynamics, with a sharp focus on developments across product and distribution channel.

Market Segmentation

The Panama cooking and edible oils market is structured as follows:
Product: olive oil, corn oil (maize oil), palm oil, soybean oil, sunflower oil, others
Distribution channel: convenience stores, discounters, e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, warehouse clubs, others

The Panama market for cooking and edible oils is divided based on product and distribution channel. By product, it includes olive oil, corn oil (maize oil), palm oil, soybean oil, sunflower oil, and others. Distribution channel segmentation comprises convenience stores, discounters, e-commerce, foodservice channels, hypermarkets, small grocery stores, supermarkets, warehouse clubs, and others.

Competitive Landscape

The report highlights leading companies in the cooking and edible oils market, including Associated British Foods plc, Deoleo S.A., Industrias Panama Boston S.A., PriceSmart Inc., Richardson International Limited and Vigo Importing Company. The report provides a detailed assessment of prominent companies within the cooking and edible oils market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Panama cooking and edible oils market.
Gain in-depth analysis and forecasts for the key segments of the Panama 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 Panama cooking and edible oils market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Panama 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
Panama Cooking and Edible Oils Market – Product Analysis
Panama Cooking and Edible Oils Market – Distribution Channel Analysis
Company Shares Analysis
Associated British Foods plc
Deoleo, S.A.
Industrias Panama Boston S.A.
PriceSmart, Inc.
Richardson International Limited
Vigo Importing Company
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

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

Companies Mentioned

Associated British Foods plc
Deoleo, S.A.
Industrias Panama Boston S.A.
PriceSmart, Inc.
Richardson International Limited
Vigo Importing Company