Other Oils & Fats - Northern Europe

Revenue in the Other Oils & Fats market amounts to US$325.80m in 2024. The market is expected to grow annually by 4.68% (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$9.62 are generated in 2024.
In the Other Oils & Fats market, volume is expected to amount to 49.04m kg by 2029. The Other Oils & Fats market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Other Oils & Fats market is expected to amount to 1.3kg 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 Northern Europe is witnessing negligible growth, influenced by factors such as market saturation, shifting consumer preferences towards healthier options, and increased competition from alternative fat sources.

Customer preferences: Consumers in Northern Europe are increasingly gravitating towards plant-based and sustainable fat alternatives, driven by heightened health awareness and environmental concerns. This shift is influenced by a growing demographic of health-conscious individuals, particularly among millennials and Gen Z, who prioritize transparency in sourcing and production methods. Additionally, cultural movements emphasizing local and organic ingredients are reshaping preferences, pushing traditional oils and fats to adapt or face declining interest as consumers seek innovative and healthier options.

Trends in the market: In Northern Europe, the Other Oils & Fats Market is experiencing a notable shift towards plant-based and sustainably sourced alternatives, as consumers increasingly prioritize health and environmental impact. This trend is particularly pronounced among millennials and Gen Z, who demand transparency in production and sourcing practices. The growing emphasis on local and organic ingredients is driving innovation, prompting traditional fat producers to adapt their offerings. Industry stakeholders must navigate these evolving preferences, as failure to do so could result in diminished market share and relevance in a rapidly changing landscape.

Local special circumstances: In Northern Europe, the Other Oils & Fats Market is shaped by a unique blend of cultural preferences and stringent regulatory frameworks that prioritize sustainability and health. Countries like Sweden and Denmark have strong governmental support for organic farming and eco-friendly practices, influencing consumer choices towards ethically sourced oils and fats. Additionally, the region's rich culinary traditions emphasize local ingredients, fostering a market that values traceability and artisanal production methods. These local factors create a dynamic environment where innovation thrives, compelling traditional producers to adapt to the evolving consumer landscape.

Underlying macroeconomic factors: The Other Oils & Fats Market in Northern Europe is significantly influenced by macroeconomic factors such as consumer spending patterns, economic stability, and sustainability initiatives. High levels of disposable income in countries like Sweden and Denmark enable consumers to prioritize premium, ethically sourced oils and fats. Additionally, government policies promoting green agriculture and food safety bolster market demand for organic products. Global trends, such as the rising awareness of health and wellness, further enhance interest in healthier fat options. Lastly, fluctuations in raw material prices due to supply chain dynamics can impact market pricing and availability, shaping overall market performance.

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.