Other Oils & Fats - Chad | Statista Market Forecast

Revenue in the Other Oils & Fats market amounts to US$118.90m in 2024. The market is expected to grow annually by 11.16% (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$6.31 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 19.42m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 7.5% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 0.7kg 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.

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

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 within The Food market in Chad is witnessing subdued growth, influenced by factors such as limited consumer purchasing power, competition from imported products, and fluctuating prices of raw materials affecting local production.

Customer preferences: In Chad, consumers are gradually shifting towards healthier and more sustainable oil options, influenced by rising health consciousness and the desire for natural products. This trend is reflected in an increased interest in oils like olive and sunflower, which are perceived as healthier alternatives to palm oil. Additionally, younger demographics are more inclined to seek out locally sourced oils, driven by a desire to support local agriculture and reduce environmental impact. This evolving consumer preference is reshaping the landscape of the Other Oils & Fats Market.

Trends in the market: In Chad, the Other Oils & Fats Market is experiencing a notable shift toward healthier oil alternatives, with consumers increasingly favoring options like olive and sunflower oils over traditional palm oil. This trend is largely driven by heightened health awareness and a preference for natural products. Younger consumers are particularly focused on sourcing oils locally, reflecting a commitment to supporting local farmers and minimizing environmental footprints. As these preferences evolve, industry stakeholders must adapt their product offerings and marketing strategies to align with this growing demand for sustainable and health-conscious options, potentially reshaping supply chains and influencing agricultural practices.

Local special circumstances: In Chad, the Other Oils & Fats Market is shaped by its unique geographical and cultural landscape, where traditional practices blend with modern health trends. The country's reliance on local agriculture fosters a burgeoning market for indigenous oil sources, such as sesame and groundnut oils. Cultural preferences for natural ingredients enhance the demand for these oils, while regulatory support for local farmers encourages sustainable practices. Additionally, the increasing influence of social media is amplifying awareness of health benefits, driving consumers to seek healthier, locally-sourced alternatives, thereby transforming market dynamics.

Underlying macroeconomic factors: The Other Oils & Fats Market in Chad is significantly influenced by macroeconomic factors such as agricultural productivity, trade policies, and global commodity prices. The reliance on local agriculture and the government’s investment in rural development initiatives bolster domestic production, enhancing market stability. Favorable fiscal policies aimed at supporting smallholder farmers and promoting sustainable practices contribute to a resilient local economy. Additionally, fluctuations in global oil prices can impact import costs and consumer prices, while increasing international demand for organic and natural products aligns with local preferences, further shaping market dynamics.

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.