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Oils & Fats - Iran

Iran
  • Revenue in the Oils & Fats market amounts to US$1.74bn in 2024. The market is expected to grow annually by 7.98% (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$19.36 are generated in 2024.
  • In the Oils & Fats market, volume is expected to amount to 86.62m kg by 2029. The Oils & Fats market is expected to show a volume growth of 2.8% in 2025.0.
  • The average volume per person in the Oils & Fats market is expected to amount to 0.9kg in 2024.

Definition:

The Oils and Fats market covers all substances that are composed of fatty acids and used for cooking purposes or as an ingredient in many food products. These fats and oils can be obtained from plants or animals and are available in both liquid (oils) and solid (fats) form.

Structure:

The market consists of four different submarkets:

  • The Butter market covers all products that are defined as a high-fat milk product and contain a minimum of 80% fat. Its other ingredients are water, protein, and lactose.
  • The Margarine market covers all products that are made of vegetable oils and contains a minimum of 80% fat.
  • The Edible Oils market covers any type of oil that is extracted from plants and is used for cooking and food preparation.
  • The Other Oils & Fats market covers lard and other edible animal fats.

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

  • Butter
  • Margarine
  • Edible oils
  • Edible animal fats

Out-Of-Scope

  • Peanut Butter
  • Ghee
  • Butter oil
  • Out-of-home consumption
Oils & Fats: market data & analysis - Cover

Market Insights report

Oils & Fats: market data & analysis

Study Details

    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 Oils & Fats market in Iran is experiencing minimal growth, influenced by factors such as fluctuating commodity prices, changing consumer preferences towards healthier options, and economic challenges affecting purchasing power and production costs.

    Customer preferences:
    In Iran, there is a growing demand for healthier oils and fats, reflecting a shift in consumer preferences towards nutrition-conscious choices. This trend is particularly evident among younger demographics who prioritize organic and plant-based options over traditional oils. Cultural influences also play a role, as consumers increasingly seek products that align with traditional cooking methods while incorporating modern health insights. Additionally, rising awareness of heart health and obesity issues is driving increased interest in low-fat and cholesterol-free alternatives, reshaping the market landscape.

    Trends in the market:
    In Iran, the Oils & Fats Market is experiencing a significant shift towards healthier and more diverse product offerings. Consumers increasingly favor oils derived from nuts, seeds, and avocados, reflecting a broader trend towards plant-based diets. Traditional oils are being reformulated to reduce unhealthy fats, with an emphasis on organic and non-GMO certifications. Additionally, educational campaigns on nutrition are heightening awareness of healthy cooking practices. For industry stakeholders, these trends present opportunities to innovate product lines and align with consumer demands, ultimately influencing supply chain strategies and marketing approaches.

    Local special circumstances:
    In Iran, the Oils & Fats Market is shaped by unique cultural preferences and local agricultural practices. The country has a rich history of using traditional oils like sesame and olive, which are integral to Persian cuisine. Geographically, Iran's diverse climate allows for the cultivation of various oilseeds, enhancing local production capabilities. Additionally, regulatory frameworks emphasizing organic farming and food safety are fostering a shift towards cleaner, healthier options. These factors collectively influence consumer choices, driving innovation and competition within the market.

    Underlying macroeconomic factors:
    The Oils & Fats Market in Iran is significantly influenced by macroeconomic factors such as global oil prices, trade policies, and national economic stability. Fluctuations in oil prices can affect the cost of raw materials, impacting production and pricing strategies. Additionally, international sanctions and trade restrictions have altered import dynamics, leading to a greater reliance on domestic oilseed production. The government’s fiscal policies, aimed at promoting agricultural self-sufficiency and sustainable practices, further shape market operations. Consumer trends towards health-conscious products are also bolstered by rising disposable incomes, driving demand for quality oils in the local food market.

    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.

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    Oils & Fats: market data & analysis - BackgroundOils & Fats: market data & analysis - Cover

    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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