Oils & Fats - Benelux

Benelux

Highlights

Revenue in the Oils & Fats market amounts to US$2.17bn in 2024. The market is expected to grow annually by 3.18% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$46bn in 2024).
In relation to total population figures, per person revenues of US$72.15 are generated in 2024.
In the Oils & Fats market, volume is expected to amount to 335.50m kg by 2029. The Oils & Fats market is expected to show a volume growth of 1.3% in 2025.0.
The average volume per person in the Oils & Fats market is expected to amount to 10.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Oils & Fats market within The Food market in Benelux is facing stagnant growth, influenced by shifting consumer preferences towards healthier alternatives, sustainability concerns, and the competitive pricing of plant-based options, limiting overall market expansion.

Customer preferences: Consumers in the Benelux region are pivoting towards oils and fats that emphasize health benefits, with a growing preference for products rich in omega-3s and plant-based options. This trend is influenced by rising awareness of heart health and the environmental impact of palm oil. Additionally, urban millennials are gravitating towards sustainably sourced oils, reflecting a broader cultural shift towards environmental consciousness. As lifestyles evolve, convenience and transparency in ingredient sourcing are becoming crucial factors in purchase decisions, reshaping the Oils & Fats market landscape.

Trends in the market: In the Benelux region, the Oils & Fats market is experiencing a significant shift towards health-oriented products, with consumers increasingly seeking options high in omega-3 fatty acids and plant-based alternatives. This trend is driven by heightened awareness of heart health and the desire to reduce palm oil consumption due to its environmental impact. Additionally, urban millennials are prioritizing sustainably sourced oils, reflecting a cultural focus on environmental responsibility. As consumer preferences evolve, industry stakeholders must adapt by emphasizing transparency in ingredient sourcing and convenience, shaping the future of the market.

Local special circumstances: In the Benelux region, the Oils & Fats market is influenced by a strong commitment to sustainability and health-conscious consumer behavior, shaped by local regulations promoting eco-friendly practices. The region's rich agricultural landscape supports the cultivation of diverse oilseeds, fostering innovation in plant-based oils. Additionally, cultural preferences for Mediterranean diets emphasize olive oil, driving demand for high-quality, locally sourced options. As consumers become more discerning, brands must navigate these local dynamics, focusing on sustainable production methods and clear labeling to meet evolving expectations.

Underlying macroeconomic factors: The Oils & Fats market in the Benelux region is shaped by macroeconomic factors such as fluctuating commodity prices, trade policies, and consumer spending trends. Global economic uncertainties, including supply chain disruptions and inflationary pressures, can impact the cost of raw materials and influence pricing strategies. National economic health, characterized by GDP growth rates and employment levels, affects consumer purchasing power, driving demand for premium and sustainable oil products. Additionally, fiscal policies promoting agricultural sustainability and investments in green technology are fostering innovation, enabling brands to adapt to evolving consumer preferences for healthier and environmentally friendly options.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.