The Market Snapshot for the cooking oil industry.
- Kenya is a diverse, semi-modern society of approx. 43 million people, half of whom live in urban areas. In 2014, the population of people living in urban areas was estimated to be approx. 14 million people.
- The emerging middle class, at an annual average rate of 5% and now stands at 45% of the total population which translates to 19.4 million people, is fueling consumption behavior in the economy especially on consumable goods.
- Kenya’s well-educated middle-class consumers are increasingly becoming more health-conscious. According to Euromonitor International, Kenyan middle-class consumers are increasingly interested in health benefits for most edible commodities.
- Kenya’s demand for edible oils continues on an upward trend as Kenya’s population continues to expand.
Cooking oil is one of the common commodities in almost every household which makes the industry one of the highly lucrative in Kenya with an average annual consumption of 500 million liters annually. The commodity has for a long time been a compliment to most meals in our kitchens thereby making it almost inevitable a fact that has seen consumption of cooking oil increase by a margin of approx. 11% annually. The industry is oligopolistic with market leaders being Bidco Africa, Kapa Oils Industries Ltd, and Pwani Oils whose market shares are 24%, 14%, and 11% respectively. Other market players include Golden Africa, Menengai, Diamond manufacturers, United Millers, and Gill Oil. The three market leaders have been in constant competition with the sole objective of increasing their market shares but has this competition yielded desirable results of lowering prices for the benefit of consumers?
WHY THE SALAD OIL ATM?
Purchasing the salad Oil ATM has become such a simplified process through our dealership with having a delivery and installation option. Having in consideration also the pricing of the machine which is pocket friendly, coming in different sizes and variety of features and specifications varying from sizes (ranging from a capacity of between 20 liters, 50 liters, 100 Liters and above) and all of them being fully automated to duly fit your customers’ and even the seller’s needs.
The benefits of this equipment are that it can dispense oil for as low as 10 shillings, which is an advantage to you the seller that you can attract as many buyers!
There are various options for acquiring the salad oil machine ranging from importation to purchase from the local market. That’s exactly where we come in NEEMA TECHNOLOGIES is a dealer in among others equipment the SALAD OIL ATM at the most affordable prices in the market.
To get a Salad ATM/Vegetable oil vending business and reap the benefits in the growing market contact NEEMA TECHNOLOGIES COMPANY that high standard Equipment countrywide. For inquiries or making an order call +254792880966
REASONS WHY YOU HAVE TO INTEGRATE THE SALAD OIL ATM INTO YOUR BUSINESS
- The machine is relatively cheap to acquire and install.
- The ATM guarantees a steady flow of profits over time.
- The USE of Precise calibration and nozzle and keeps you off wastes as a result of spillages.
- It is easier to integrate the machine into your existing business.
- Hygiene-the machine promotes a clean working environment. It’s not prone to spillages and oil greasing.