Other Oils & Fats - Central Africa

Revenue in the Other Oils & Fats market amounts to US$224.10m in 2024. The market is expected to grow annually by 9.47% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$2.32 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 40.07m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 4.9% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 0.3kg in 2024.

Definition:

The Other Oils & Fats market covers lard and other edible animal fats, such as fat from cattle, buffaloes, sheep, goats, poultry, fats and fish oils.

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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Lard
Other animal fats
Duck and chicken fats
Fish oils, liver fish oils, fish fats

Butter
Margarine
Vegetable oils
Olive oils
Out-of-home consumption

The Other Oils & Fats Market in Central Africa is experiencing minimal growth, influenced by factors such as limited consumer awareness, fluctuating raw material prices, and competition from alternative cooking fats, which hinder broader market expansion.

Customer preferences: Consumers in Central Africa are gradually shifting towards healthier cooking options, with a growing interest in oils perceived as more nutritious, such as olive and avocado oils. This trend is influenced by increasing health consciousness among younger demographics, who are more exposed to global health trends through social media. Additionally, urbanization is prompting a rise in demand for convenience, leading to a preference for packaged oils. Cultural factors, such as traditional cooking methods, still play a role, but there's a noticeable blending of traditional and modern dietary practices.

Trends in the market: In Central Africa, the Other Oils & Fats Market is experiencing a notable shift towards healthier options, with consumers increasingly favoring oils such as olive and avocado due to their perceived nutritional benefits. This trend is propelled by heightened health awareness among younger populations, influenced by social media exposure to global dietary trends. Additionally, urbanization is driving demand for convenience, leading to a preference for packaged oils. While traditional cooking practices remain significant, the integration of modern dietary habits reflects a transformative approach to food consumption, presenting opportunities and challenges for industry stakeholders.

Local special circumstances: In Central Africa, the Other Oils & Fats Market is shaped by a rich tapestry of cultural practices and diverse agricultural landscapes. Local cuisines heavily influence oil preferences, with palm oil remaining a staple due to its widespread use in traditional dishes. However, there is a growing interest in alternative oils, spurred by health campaigns and the influence of expatriates. Regulatory frameworks promoting sustainable farming practices also encourage the cultivation of healthier oil varieties, creating a dynamic interplay between tradition and modernity that shapes consumer choices and market growth.

Underlying macroeconomic factors: The Other Oils & Fats Market in Central Africa is significantly influenced by macroeconomic factors such as agricultural productivity, trade policies, and consumer spending patterns. Fluctuations in global oil prices and demand for palm oil can impact local economies, affecting disposable income and purchasing power. Moreover, national economic health, characterized by GDP growth and inflation rates, shapes consumer behavior towards oils and fats. Fiscal policies that promote agricultural investment and subsidies for healthier oil production further stimulate market growth. Additionally, rising awareness of health and nutrition drives shifts in consumer preferences, creating opportunities for alternative oil markets to flourish alongside traditional staples.

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.