Edible Oils - Burundi | Statista Market Forecast

Revenue in the Edible Oils market amounts to US$36.86m in 2024. The market is expected to grow annually by 6.20% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$35bn in 2024).
In relation to total population figures, per person revenues of US$2.71 are generated in 2024.
In the Edible Oils market, volume is expected to amount to 6.71m kg by 2029. The Edible Oils market is expected to show a volume growth of 2.0% in 2025.0.
The average volume per person in the Edible Oils market is expected to amount to 0.48kg in 2024.

Definition:

The Edible Oils market covers any type of oil that is extracted from plants and nuts and is used for cooking and food preparation.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Olive oil
Sunflower oil
Other edible oils (e.g. palm, soybean, coconut oil, canola oil, rapeseed oil, sesame oil, soybean oil)
Cooking oil blends

Butter
Margarine
Animal fats (e.g. lard)
Out-of-home consumption

The Edible Oils Market in Burundi is witnessing minimal growth, influenced by factors such as limited consumer purchasing power, fluctuating oil prices, and increased competition from imported oils, which challenge local producers and affect market dynamics.

Customer preferences: In Burundi, there is a noticeable shift in consumer preferences toward healthier and more sustainable edible oils, driven by increasing awareness of nutrition and wellness. This trend is particularly evident among younger demographics who are more health-conscious and eager to explore alternatives such as avocado and olive oils. Additionally, cultural influences are prompting a greater emphasis on local and organic products, as consumers seek oils that align with traditional cooking practices while also supporting local farmers. This evolving landscape reflects a growing desire for quality and sustainability in food choices.

Trends in the market: In Burundi, the Edible Oils Market is experiencing a significant shift towards healthier options, with consumers increasingly favoring oils such as avocado and olive over traditional choices. This trend is particularly strong among younger generations who prioritize nutrition and sustainability. Furthermore, there is a rising interest in locally-sourced and organic products, influenced by cultural practices and a desire to support local agriculture. These evolving preferences are reshaping the market landscape, compelling industry stakeholders to adapt their offerings and marketing strategies to meet the demand for quality and sustainable edible oils.

Local special circumstances: In Burundi, the Edible Oils Market is uniquely shaped by its geographical diversity, which influences the availability of local oil sources like sunflower and palm. Cultural traditions emphasize communal meals and the use of locally-produced ingredients, fostering a preference for oils that resonate with these practices. Additionally, regulatory support for organic farming is encouraging farmers to adopt sustainable practices. This combination of local agricultural focus, cultural values, and supportive regulations is driving a shift towards healthier and more sustainable edible oils, reshaping consumer preferences and market dynamics.

Underlying macroeconomic factors: The Edible Oils Market in Burundi is significantly influenced by macroeconomic factors such as agricultural productivity, international commodity prices, and local economic stability. Fluctuations in global oil prices can impact the cost of imports, while the emphasis on sustainable farming practices aligns with global trends towards organic products. National policies promoting agricultural development and rural investment are enhancing local oil production, fostering economic resilience. Additionally, inflation and exchange rate stability are critical; they affect consumer purchasing power and the affordability of various edible oils, ultimately shaping market dynamics and consumer choices.

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.