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Oils & Fats - Malta

Malta
  • Revenue in the Oils & Fats market amounts to US$20.42m in 2024. The market is expected to grow annually by 4.54% (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$38.05 are generated in 2024.
  • In the Oils & Fats market, volume is expected to amount to 3.75m kg by 2029. The Oils & Fats market is expected to show a volume growth of 1.9% in 2025.0.
  • The average volume per person in the Oils & Fats market is expected to amount to 6.4kg 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 Malta is experiencing negligible growth, influenced by factors such as shifting consumer preferences towards healthier alternatives, fluctuating raw material prices, and increased competition from imported products affecting local consumption patterns.

    Customer preferences:
    In Malta, consumers are increasingly prioritizing health-conscious dietary choices, leading to a rising demand for plant-based oils and fats over traditional options. This shift is influenced by a younger demographic that values sustainability and wellness, prompting brands to innovate with healthier, organic offerings. Additionally, the Mediterranean diet's resurgence has encouraged the use of olive oil and other natural fats, reflecting cultural preferences. As lifestyles become more health-focused, local producers are adapting to these trends to capture the evolving market landscape.

    Trends in the market:
    In Malta, the Oils & Fats market is experiencing a notable shift towards healthier alternatives, as consumers increasingly favor plant-based oils over traditional fats. This trend is driven by a younger demographic that prioritizes sustainability and wellness, resulting in a growing demand for organic and innovative products. The resurgence of the Mediterranean diet highlights the popularity of olive oil and natural fats, aligning with cultural preferences. Consequently, local producers are adapting their offerings to meet these evolving consumer needs, emphasizing health-conscious branding and sustainable practices, which could reshape market dynamics and expand opportunities for industry stakeholders.

    Local special circumstances:
    In Malta, the Oils & Fats market is uniquely shaped by the island's Mediterranean heritage, where olive oil is not just a staple but a cultural symbol. The local emphasis on traditional cooking methods and the use of natural ingredients fosters a preference for high-quality, artisanal products. Additionally, Malta's regulatory focus on food safety and sustainability encourages producers to adopt eco-friendly practices. This interplay of cultural identity and regulatory frameworks drives innovation, enabling local brands to flourish in a competitive landscape while catering to health-conscious consumers.

    Underlying macroeconomic factors:
    The Oils & Fats market in Malta is significantly influenced by macroeconomic factors such as global commodity prices, trade dynamics, and national economic performance. Fluctuations in the cost of raw materials, particularly olive oil and other plant-based oils, affect local pricing strategies and consumer purchasing power. Additionally, Malta's strong tourism sector boosts demand for high-quality culinary products, including premium oils. Fiscal policies promoting sustainable agriculture and food production further encourage investment in eco-friendly practices. As global health trends emphasize natural and organic ingredients, local producers are adapting to meet consumer demands while navigating economic challenges and opportunities.

    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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