Edible Oils - EU-27 | Statista Market Forecast

Revenue in the Edible Oils market amounts to US$13.56bn in 2024. The market is expected to grow annually by 3.21% (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$30.31 are generated in 2024.
In the Edible Oils market, volume is expected to amount to 2.28bn kg by 2029. The Edible Oils market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Edible Oils market is expected to amount to 4.83kg 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 the EU-27 has shown negligible growth, influenced by factors such as saturated market conditions, health trends favoring alternative fats, and fluctuating prices of raw materials, which challenge consumer spending and demand stability.

Customer preferences: Consumers in the EU-27 are increasingly prioritizing health-conscious choices, leading to a notable shift towards plant-based oils and alternatives that align with wellness trends. This is reflected in the rising popularity of oils such as avocado and flaxseed, which are perceived as healthier options. Additionally, younger demographics are gravitating towards sustainable and ethically sourced products, influenced by environmental concerns. As lifestyles become more health-oriented, there is also a growing demand for oils enriched with omega-3 fatty acids and other functional ingredients.

Trends in the market: In the EU-27, the Edible Oils Market is experiencing a significant shift towards health-oriented and sustainable options. Consumers are increasingly favoring plant-based oils like avocado and flaxseed, which are recognized for their health benefits. This trend is particularly pronounced among younger demographics, who prioritize ethically sourced products due to heightened environmental awareness. Additionally, there is growing demand for oils fortified with omega-3 fatty acids and functional ingredients, reflecting a broader focus on wellness. These trends present both challenges and opportunities for industry stakeholders, prompting innovation and adaptation in product offerings to meet evolving consumer preferences.

Local special circumstances: In the EU-27, the Edible Oils Market is shaped by a diverse culinary heritage and stringent regulatory frameworks promoting sustainability. Countries like Italy and Spain emphasize traditional olive oil production, influencing consumer preferences for local and high-quality oils. Meanwhile, Germany's robust health-focused culture drives demand for oils enriched with functional ingredients. Additionally, EU regulations on labeling and sourcing encourage transparency, compelling brands to adapt their offerings. These local factors create a dynamic landscape where innovation must align with cultural values and regulatory standards.

Underlying macroeconomic factors: The Edible Oils Market in the EU-27 is significantly influenced by macroeconomic factors including global commodity prices, trade dynamics, and national economic stability. Fluctuations in oilseed production due to climate change and geopolitical tensions impact supply chains, leading to price volatility. Countries with strong agricultural sectors, like France and the Netherlands, benefit from favorable trade agreements, enhancing their competitive edge. Furthermore, consumer trends towards sustainability and health consciousness drive the demand for organic and functional oils. National fiscal policies promoting agricultural innovation and environmental sustainability also play a crucial role in shaping market dynamics, encouraging investment in new oil production methods.

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.