Key regions: United States, Russia, Canada, China, United Kingdom
The Other Oils & Fats Market in Central & Western Europe is experiencing negligible growth, influenced by factors such as changing consumer preferences, increased health consciousness, and the rising popularity of plant-based alternatives over traditional fats.
Customer preferences: Consumers in Central & Western Europe are gravitating towards oils and fats that align with their health and environmental values, prompting a shift towards organic, non-GMO, and sustainably sourced products. The rise of flexitarian diets is influencing the demand for plant-based oils, such as avocado and coconut, as individuals seek healthier cooking options. Additionally, the increasing awareness of the impact of fats on heart health is driving a preference for oils rich in omega-3 and unsaturated fats, reflecting a broader trend of conscious eating habits.
Trends in the market: In Central & Western Europe, the Other Oils & Fats Market is experiencing a notable shift towards health-conscious and environmentally sustainable products. Consumers are increasingly favoring organic and non-GMO oils, reflecting a broader commitment to clean eating. The popularity of flexitarian diets is driving demand for plant-based oils, such as avocado and coconut, as people seek nutritious cooking alternatives. Moreover, heightened awareness of heart health is leading to a preference for oils rich in omega-3 and unsaturated fats, signaling significant implications for industry stakeholders to innovate and align product offerings with these evolving consumer values.
Local special circumstances: In Central and Western Europe, the Other Oils & Fats Market is shaped by diverse cultural attitudes towards food and health, as well as stringent regulatory frameworks promoting sustainability. Countries like Germany and Sweden emphasize eco-friendly practices, driving demand for certified organic oils. Additionally, local culinary traditions encourage the use of specific oils, such as rapeseed and sunflower, which are valued for their flavor and health benefits. This cultural preference, combined with EU regulations on food labeling and quality, significantly influences consumer choices and market trends, fostering a shift towards transparency and quality in oil production.
Underlying macroeconomic factors: The Other Oils & Fats Market in Central and Western Europe is significantly influenced by macroeconomic factors such as economic stability, consumer spending power, and environmental policies. Strong national economies, like those of Germany and the Netherlands, support higher disposable incomes, leading consumers to prioritize premium and organic oil options. Furthermore, EU-wide fiscal policies promoting sustainability and eco-friendly production methods foster innovation within the sector. Global commodity price fluctuations also affect local oil production costs, while increasing awareness around health and nutrition drives demand for healthier oil alternatives, aligning with market trends towards transparency and quality.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
