Other Oils & Fats - CIS | Statista Market Forecast

Revenue in the Other Oils & Fats market amounts to US$1.65bn in 2024. The market is expected to grow annually by 8.06% (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$6.78 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 222.70m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 0.8kg 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 within The Food market in CIS is experiencing subdued growth, influenced by factors such as fluctuating commodity prices, changing consumer preferences, and increasing competition from alternative fat sources, which are impacting overall demand.

Customer preferences: Consumers in the CIS region are increasingly gravitating towards healthier and more sustainable fat options, reflecting a growing awareness of nutrition and wellness. This trend is accompanied by a rising preference for plant-based oils, driven by the desire for clean-label products and environmental sustainability. Additionally, younger demographics are exploring diverse culinary experiences, leading to a demand for gourmet and specialty oils. As lifestyles become more health-conscious, organic and functional fats are gaining traction, reshaping the landscape of the Other Oils & Fats Market.

Trends in the market: In the CIS region, the Other Oils & Fats Market is experiencing a notable shift toward healthier, plant-based options, driven by increased consumer awareness of nutrition and wellness. This trend is reflected in the rising demand for clean-label products and environmentally sustainable oils. Younger consumers are also experimenting with gourmet and specialty oils, enriching their culinary experiences. Additionally, the popularity of organic and functional fats is on the rise, indicating a significant transformation in consumer preferences that presents new opportunities and challenges for industry stakeholders.

Local special circumstances: In the CIS region, the Other Oils & Fats Market is influenced by a rich culinary heritage that values traditional cooking methods, which often prioritize the use of local oils like sunflower and rapeseed. Geographically, the region's diverse climate supports a variety of oilseed crops, facilitating local production. Culturally, there is a strong emphasis on health and wellness, particularly among urban populations, leading to increased interest in organic and functional fats. Regulatory support for sustainable practices further encourages the shift toward environmentally friendly options, shaping market dynamics significantly.

Underlying macroeconomic factors: The Other Oils & Fats Market in the CIS region is significantly shaped by macroeconomic factors such as agricultural productivity, global commodity prices, and trade dynamics. Fluctuations in oilseed prices on international markets directly influence local production costs and consumer prices. Additionally, national economic health, characterized by GDP growth and disposable income levels, affects consumer spending on premium oils and fats. Fiscal policies promoting agricultural innovation and sustainability further enhance local production capabilities. As health awareness rises, urban populations increasingly seek organic options, driving demand amidst a backdrop of global economic shifts toward healthier food choices.

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.