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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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
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Other Oils & Fats Market within The Food market in Germany is experiencing negligible growth, influenced by factors such as market saturation, shifting consumer preferences toward healthier alternatives, and economic constraints affecting purchasing behaviors.
Customer preferences: In Germany, consumers are gravitating towards plant-based oils and fats, driven by a heightened awareness of health and environmental sustainability. This shift reflects a broader cultural trend favoring vegetarian and vegan lifestyles, particularly among younger demographics. Additionally, the rise of clean-label products is prompting consumers to scrutinize ingredient lists, favoring oils that are minimally processed and free from additives. As a result, traditional cooking fats are facing declining demand, with innovative alternatives gaining traction in both households and foodservice sectors.
Trends in the market: In Germany, the Other Oils & Fats market is increasingly influenced by consumer preferences shifting towards health-conscious and sustainable options. The demand for plant-based oils, such as avocado and flaxseed oil, is surging as consumers prioritize nutrient-rich alternatives. Furthermore, the trend of transparency in food labeling is pushing brands to promote oils that are organic and minimally processed. This movement not only reflects changing dietary habits but also emphasizes the importance of ethical sourcing. Industry stakeholders must adapt by innovating product lines and enhancing marketing strategies to align with these evolving consumer values.
Local special circumstances: In Germany, the Other Oils & Fats market is shaped by a robust emphasis on sustainability and local sourcing, reflecting the country’s strong environmental regulations and consumer advocacy for eco-friendly products. The geographical diversity allows for the cultivation of various oil-rich plants, such as rapeseed and sunflowers, which are favored for their lower carbon footprint. Culturally, there is a deep-rooted appreciation for traditional German cuisine, which is now evolving to incorporate healthier oils. Additionally, stringent labeling regulations ensure transparency, further influencing consumer trust and purchasing behavior.
Underlying macroeconomic factors: The Other Oils & Fats market in Germany is significantly influenced by macroeconomic factors such as fluctuations in global commodity prices, trade policies, and the national economic climate. As the country navigates economic challenges, including inflation and supply chain disruptions, the price volatility of key oil crops like rapeseed and sunflower can directly impact market dynamics. Furthermore, Germany's commitment to sustainable agricultural practices and renewable energy initiatives shapes fiscal policies, encouraging investments in eco-friendly oil production. Consumer preferences are also swayed by national economic health, where higher disposable incomes typically lead to increased demand for premium, sustainably sourced oils.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights