Other Oils & Fats - EU-27 | Statista Market Forecast

Revenue in the Other Oils & Fats market amounts to US$3.95bn in 2024. The market is expected to grow annually by 4.12% (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$8.83 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 529.20m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 2.2% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 1.1kg 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 EU-27 is experiencing negligible growth, influenced by factors such as saturated market conditions, shifting consumer preferences towards healthier options, and regulatory pressures on production practices.

Customer preferences: Consumers in the EU-27 are increasingly gravitating towards plant-based oils and fats, reflecting a broader trend towards sustainable and health-conscious eating. This shift is influenced by a growing awareness of the environmental impact of animal-derived products, particularly among younger demographics. Additionally, the rise of flexitarian diets, where individuals reduce meat and dairy intake while incorporating more plant-based alternatives, is reshaping purchasing patterns. This evolving lifestyle is further fueled by cultural movements emphasizing wellness, clean eating, and transparency in food sourcing.

Trends in the market: In the EU-27, the Other Oils & Fats Market is experiencing a notable shift towards plant-based alternatives, driven by heightened consumer awareness of health and sustainability. This trend is particularly pronounced among younger demographics, who are increasingly adopting flexitarian diets that emphasize reduced animal product consumption. The proliferation of clean-label products and ethical sourcing practices is reshaping purchasing behavior, as consumers seek transparency in their food choices. Industry stakeholders must adapt to these evolving preferences by innovating product offerings and enhancing sustainability practices to remain competitive in a rapidly changing market landscape.

Local special circumstances: In the EU-27, the Other Oils & Fats Market is shaped by diverse geographical and cultural factors that influence consumer preferences and regulatory frameworks. The Mediterranean region, for example, emphasizes the use of olive oil, reflecting traditional diets and health perceptions. Additionally, stringent EU regulations on labeling and sustainability promote transparency and ethical sourcing, aligning with consumer demands for clean-label products. Regional variations in culinary traditions and dietary habits further drive the adoption of specific oils and fats, creating a unique market dynamic distinct from other global regions.

Underlying macroeconomic factors: The Other Oils & Fats Market in the EU-27 is significantly influenced by macroeconomic factors such as economic stability, consumer spending patterns, and trade policies. Countries with robust economic growth tend to see a rise in disposable income, which enhances demand for premium oils like olive and avocado oil, aligning with health-conscious consumer trends. Additionally, EU fiscal policies promoting sustainable agriculture and food production foster innovation and investment in the sector. Global trends, including fluctuations in oilseed prices and climate change impacts, also affect supply chains and market dynamics, shaping the availability and pricing of various oils and fats.

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.