Key regions: South Korea, United Kingdom, United States, Philippines, China
The Edible Oils Market in EMEA is experiencing minimal growth, influenced by factors such as fluctuating raw material prices, changing consumer preferences toward healthier options, and increased competition from alternative fats and oils in the food sector.
Customer preferences: Consumers in the EMEA region are increasingly prioritizing health-conscious choices, leading to a notable shift toward plant-based and organic edible oils. This trend is amplified by a growing awareness of the benefits of omega-rich oils and the avoidance of trans fats. Additionally, younger demographics, particularly millennials and Gen Z, are favoring sustainable and ethically sourced products, reflecting a cultural shift towards environmental responsibility. As lifestyles become more health-oriented, the demand for oils that align with clean eating and wellness continues to rise, reshaping the market landscape.
Trends in the market: In the EMEA region, the Edible Oils Market is experiencing a significant shift towards plant-based and organic oils as consumers prioritize health and wellness. The rise of omega-rich oils is influencing purchasing decisions, while a growing aversion to trans fats is reshaping product formulations. Sustainability is becoming a key focus, particularly among younger consumers, who are increasingly demanding ethically sourced options. This trend not only reflects changing dietary preferences but also presents opportunities for industry stakeholders to innovate and adapt their offerings, ensuring alignment with consumer values and enhancing brand loyalty.
Local special circumstances: In the EMEA region, the Edible Oils Market is shaped by diverse local factors, including climate variations that influence the availability of specific oil seeds like olive and sunflower. Cultural culinary traditions, such as Mediterranean diets emphasizing olive oil, drive consumer preferences. Additionally, stringent EU regulations on labeling and food safety standards promote transparency, impacting product formulations. The growing awareness of health issues related to trans fats and the rise of local, organic producers further enhance competition, compelling brands to innovate and align with regional values.
Underlying macroeconomic factors: The Edible Oils Market in the EMEA region is significantly influenced by macroeconomic factors such as commodity price fluctuations, trade policies, and inflation rates. Global trends, including rising demand for plant-based oils and sustainability concerns, are reshaping consumer preferences and driving innovation. National economic health, characterized by GDP growth and disposable income levels, affects purchasing power and consumption patterns. Furthermore, fiscal policies promoting agricultural subsidies can enhance local oil production, while stringent trade regulations impact import dynamics, ultimately shaping market competitiveness and availability of diverse edible oils.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
