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 Tunisia is experiencing subdued growth, influenced by factors such as fluctuating raw material prices, changing consumer preferences towards healthier options, and increased competition from alternative food sources.
Customer preferences: In Tunisia, there is a noticeable shift towards healthier dietary choices, with consumers increasingly favoring oils that are perceived as natural and beneficial, such as olive oil and avocado oil. This change is influenced by a growing awareness of health issues and the importance of nutrition, particularly among younger demographics. Additionally, the rise of social media has heightened interest in cooking and food presentation, leading to a demand for premium and artisanal oils. These trends reflect a broader cultural emphasis on wellness and quality in food consumption.
Trends in the market: In Tunisia, the Other Oils & Fats Market is experiencing a significant shift towards the adoption of healthier alternatives, particularly among younger consumers who are increasingly prioritizing natural and functional oils. The popularity of oils like coconut oil and flaxseed oil is on the rise, driven by heightened health consciousness and a preference for products with perceived nutritional benefits. Additionally, the influence of social media is fostering a culture of culinary exploration, prompting consumers to experiment with diverse oils in their cooking. This trend indicates a growing demand for high-quality, artisanal oils, presenting opportunities for producers to innovate and market their offerings effectively. Stakeholders must adapt to these evolving consumer preferences to remain competitive and meet the increasing emphasis on health and quality within The Food market.
Local special circumstances: In Tunisia, the Other Oils & Fats Market is shaped by a rich culinary heritage that emphasizes the use of local ingredients, such as olive oil, which is integral to traditional dishes. The country’s Mediterranean climate fosters the cultivation of various oil-producing crops, enhancing the availability of natural oils. Additionally, cultural shifts towards health-conscious eating are supported by government initiatives promoting nutritional education. These unique local factors create a distinct market dynamic, encouraging consumers to favor both traditional and innovative oils that align with their health goals and culinary traditions.
Underlying macroeconomic factors: The Other Oils & Fats Market in Tunisia is significantly influenced by macroeconomic factors such as fluctuating global oil prices, trade policies, and national economic stability. As a key exporter of olive oil, Tunisia benefits from rising international demand for high-quality, healthy oils, particularly in European markets. National economic health, characterized by steady GDP growth and improving consumer purchasing power, fosters increased spending on premium oils. Additionally, government initiatives aimed at enhancing agricultural productivity and sustainability further bolster local oil production, ensuring a steady supply that meets both traditional culinary practices and modern health trends.
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