Other Oils & Fats - Israel | Statista Market Forecast

Revenue in the Other Oils & Fats market amounts to US$36.78m in 2024. The market is expected to grow annually by 4.00% (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$3.95 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 5.10m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 2.0% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 0.5kg 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 Oils & Fats sector in Israel is experiencing negligible growth, influenced by factors such as market saturation, limited consumer demand, and a shift towards healthier alternatives like plant-based oils.

Customer preferences: Consumers in Israel are increasingly gravitating towards healthier cooking alternatives, resulting in a growing preference for plant-based and cold-pressed oils over traditional fats. This shift is partly influenced by a rising awareness of health and wellness, particularly among younger demographics who prioritize nutritional value. Additionally, cultural trends promoting Mediterranean diets are steering choices towards oils rich in omega-3 and antioxidants. As lifestyles evolve, the demand for sustainable and ethically sourced oils is also gaining traction, reshaping the Other Oils & Fats Market landscape.

Trends in the market: In Israel, the Other Oils & Fats Market is experiencing a notable shift towards plant-based and cold-pressed oils, as consumers prioritize health-conscious cooking methods. This trend is particularly evident among younger generations who are increasingly aware of nutritional benefits and are influenced by Mediterranean dietary practices. Furthermore, the rising demand for sustainable and ethically sourced oils is reshaping market dynamics, prompting industry stakeholders to innovate and adapt their product offerings. This evolution signifies a pivotal moment for producers and retailers to align with consumer values, ensuring long-term relevance in a competitive market.

Local special circumstances: In Israel, the Other Oils & Fats Market is shaped by a unique blend of cultural heritage and modern health trends. The Mediterranean diet, deeply ingrained in local eating habits, emphasizes the use of olive oil and other healthy fats, driving consumer preferences towards quality and authenticity. Additionally, Israel's regulatory framework supports organic and sustainable farming practices, encouraging producers to adopt eco-friendly methods. This cultural appreciation for health and sustainability fosters a vibrant market where innovation aligns with traditional values, setting Israel apart in the global oils and fats landscape.

Underlying macroeconomic factors: The Other Oils & Fats Market in Israel is significantly influenced by macroeconomic factors such as consumer spending habits, agricultural productivity, and global trade dynamics. As the national economy shows resilience with moderate growth, disposable income levels are rising, encouraging consumers to invest in high-quality oils and fats. Additionally, fluctuations in global commodity prices affect sourcing costs for producers, impacting pricing strategies. Israel’s commitment to sustainability and organic farming aligns with international trends, attracting investments and enhancing export potential. Favorable trade agreements further facilitate market access, allowing for a diverse range of products that cater to evolving consumer preferences.

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.