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Edible Oils - Kazakhstan

Kazakhstan
  • Revenue in the Edible Oils market amounts to US$525.50m in 2024. The market is expected to grow annually by 9.07% (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$26.50 are generated in 2024.
  • In the Edible Oils market, volume is expected to amount to 127.80m kg by 2029. The Edible Oils market is expected to show a volume growth of 6.1% in 2025.0.
  • The average volume per person in the Edible Oils market is expected to amount to 5.13kg 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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

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

Out-Of-Scope

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

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Edible Oils Market in Kazakhstan is experiencing subdued growth, influenced by factors such as fluctuating commodity prices, changing consumer preferences, and competition from alternative cooking oils, which collectively affect market dynamics and expansion potential.

Customer preferences:
Consumers in Kazakhstan are increasingly prioritizing health-conscious choices in their cooking oils, leading to a rising demand for oils perceived as healthier options, such as olive and sunflower oils. This shift is influenced by a growing awareness of nutrition and wellness, particularly among younger demographics. Additionally, there is a notable interest in organic and locally sourced products, reflecting cultural values around sustainability and quality. As lifestyles become busier, convenience is also a key factor, driving interest in ready-to-use blended oils that cater to diverse culinary needs.

Trends in the market:
In Kazakhstan, the Edible Oils Market is experiencing a significant shift towards health-oriented products, with consumers increasingly favoring oils like olive and sunflower that are perceived as healthier options. This trend is driven by a heightened awareness of nutrition, particularly among younger generations, who prioritize wellness in their dietary choices. The demand for organic and locally sourced oils is also on the rise, reflecting cultural values of sustainability. Additionally, the convenience of ready-to-use blended oils is becoming essential as lifestyles grow busier, presenting opportunities for industry stakeholders to innovate and cater to evolving consumer preferences.

Local special circumstances:
In Kazakhstan, the Edible Oils Market is shaped by the country's vast agricultural landscape and traditional dietary practices that prioritize natural ingredients. The diverse climate allows for the cultivation of various oilseeds, fostering a preference for locally produced oils like sunflower and flaxseed. Cultural ties to cuisine emphasize the use of healthy fats, while regulatory frameworks encourage organic farming practices. Moreover, the rise of health consciousness among urban populations drives demand for premium oils, setting Kazakhstan apart from other markets where imported options dominate.

Underlying macroeconomic factors:
The Edible Oils Market in Kazakhstan is significantly impacted by macroeconomic factors such as agricultural productivity, international commodity prices, and trade policies. The country’s economic health, characterized by its reliance on oil and gas exports, influences disposable income levels, which in turn affect consumer spending on premium edible oils. Favorable fiscal policies promoting agricultural development and investments in local oilseed processing enhance market growth. Additionally, global trends toward health and wellness, coupled with rising concerns about food quality, bolster demand for locally sourced, organic oils. This creates a dynamic market environment, distinguishing it from those primarily reliant on imports.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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