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  4. Oils & Fats

Other Oils & Fats - Ethiopia

Ethiopia
  • Revenue in the Other Oils & Fats market amounts to US$328.80m in 2024. The market is expected to grow annually by 23.01% (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$2.53 are generated in 2024.
  • In the Other Oils & Fats market, volume is expected to amount to 48.29m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 12.3% in 2025.0.
  • The average volume per person in the Other Oils & Fats market is expected to amount to 0.2kg 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.

In-Scope

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

Out-Of-Scope

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

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 Other Oils & Fats Market within The Food market in Ethiopia is witnessing significant growth, fueled by factors such as rising consumer demand for diverse cooking oils, increased health consciousness, and the expansion of distribution networks enhancing product accessibility.

Customer preferences:
In Ethiopia, there is a notable shift towards health-oriented cooking oils, with consumers increasingly favoring oils perceived as beneficial for their well-being. This trend is influenced by a growing awareness of nutrition and the desire for healthier cooking options. Additionally, younger demographics are embracing diverse culinary experiences, leading to a demand for specialty oils that cater to various ethnic cuisines. Moreover, urbanization and busy lifestyles are prompting a preference for convenient packaging and ready-to-use products, further transforming the oils and fats market landscape.

Trends in the market:
In Ethiopia, the Other Oils & Fats market is experiencing a rise in demand for organic and non-GMO oils as consumers become more health-conscious and environmentally aware. This shift is propelled by increased education on the health impacts of fats and oils, leading to a preference for products that align with wellness goals. Additionally, the popularity of ethnic cuisines is driving the search for specialty oils, such as sesame and avocado, which are seen as flavorful and nutritious alternatives. This evolving landscape presents opportunities for producers to innovate and cater to urban consumers' preferences for convenient and sustainable packaging, ultimately influencing market dynamics and competition.

Local special circumstances:
In Ethiopia, the Other Oils & Fats market is influenced by the country's rich agricultural diversity and cultural heritage, which promote the use of traditional oils like sesame and palm. The geographical variety allows for the cultivation of unique oilseeds, while cultural practices favor the incorporation of these oils in local cuisine. Additionally, government regulations supporting organic farming are encouraging producers to adopt sustainable practices. This combination of local agricultural resources, cultural preferences, and regulatory support fosters a dynamic market that appeals to health-conscious urban consumers seeking authentic and eco-friendly options.

Underlying macroeconomic factors:
The Other Oils & Fats market in Ethiopia is significantly influenced by macroeconomic factors such as agricultural productivity, inflation rates, and global commodity prices. The country's economic health, characterized by steady GDP growth, supports consumer spending on diverse food products, including specialty oils. Additionally, fiscal policies promoting agricultural investment and export initiatives bolster local production capabilities. However, fluctuating global oil prices can impact local costs and consumer affordability. Furthermore, rising health awareness and global trends towards organic and sustainable food sources are shaping consumer preferences, driving demand for traditional oils that meet these criteria.

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.

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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