Other Oils & Fats - Ireland | Statista Market Forecast

Revenue in the Other Oils & Fats market amounts to US$73.40m in 2024. The market is expected to grow annually by 3.84% (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$14.42 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 9.90m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 2.6% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 1.8kg 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.

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 in Ireland has seen negligible growth, influenced by factors such as market saturation, consumer preference for healthier alternatives, and economic fluctuations affecting purchasing power and expenditure on non-essential food items.

Customer preferences: Consumers in Ireland are increasingly prioritizing health and sustainability, leading to a notable shift towards plant-based oils and fats that align with their wellness goals. This trend is influenced by a growing awareness of the environmental impact of food choices, particularly among younger demographics. Additionally, the rise of home cooking and baking during recent years has spurred interest in specialty oils, such as avocado and coconut oil, as consumers seek versatile options that enhance flavor while supporting healthier lifestyles.

Trends in the market: In Ireland, the Other Oils & Fats Market is experiencing a significant shift towards health-conscious and sustainable options, driven by consumer demand for plant-based alternatives. The popularity of oils like avocado and coconut is on the rise as home cooking trends continue to flourish. Younger generations are particularly motivated by the environmental impact of their dietary choices, prompting a preference for oils that are both nutritious and ethically sourced. This shift presents opportunities for industry stakeholders to innovate and expand product lines, catering to the growing appetite for healthier and more sustainable cooking fats.

Local special circumstances: In Ireland, the Other Oils & Fats Market is shaped by a rich culinary heritage that emphasizes traditional cooking methods alongside modern health trends. The country's unique climate supports local production of various oils, such as rapeseed, which appeals to consumers seeking locally sourced and sustainable options. Additionally, stringent food safety regulations and a strong focus on organic certifications influence purchasing behaviors, driving demand for high-quality, ethically produced oils. This blend of cultural appreciation and regulatory frameworks fosters innovation, encouraging brands to develop products that resonate with health-conscious consumers while honoring local traditions.

Underlying macroeconomic factors: The Other Oils & Fats Market in Ireland is significantly influenced by macroeconomic factors such as consumer spending trends, agricultural policies, and global commodity prices. The ongoing shift towards health and wellness is encouraging consumers to invest in higher-quality oils, particularly as disposable incomes rise. Additionally, EU agricultural subsidies and support for sustainable farming practices bolster local oil production, enhancing supply chain resilience. Global trends towards plant-based diets and organic products further drive demand, while fluctuations in oil prices due to geopolitical events can impact production costs and retail pricing, shaping overall 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.