Europe Fats and Oil Market

Europe Fats and Oil Market Outlook 2031

The Europe fats and oil market size was valued at USD 20.19 billion in 2022 and is expected to reach USD 27.16 Billion by 2031 expanding at a CAGR of 3.35% during the forecast period, 2023–2031. The growth of the market is attributed to technological advancement and innovation in the manufacturing process of fats and oil. Fats and oils are the main part of a healthy diet.

These are the organic substances. Fats are esters of glycerol with three fatty acids that are saturated, monosaturated, and polysaturated which gives functionality to fats such as nutritional characteristics, crystallization characteristics There are different requirements for different food products like bakery products require moderate amount of fat, frying oils need to have oxidative stability, ice-creams need to base on fat which is at 0°C, and chocolate need to be based on cocoa butter.

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Manufacturers are focused on making healthier products. Oils such as coconut oil and soybean oil are favorable for health as it reduces the risk of heart diseases. . Saturated fatty acid increases the cholesterol level in the body whereas monosaturated and polysaturated fatty acids lower the cholesterol level.

Europe Fats and Oil Market Trends, Drivers, Restraints, and Opportunities

• Rising consumption of fats and oils in household and food products are projected to drive the market during the forecast period.
• Increasing awareness about health diseases such as heart diseases and cholesterol is changing the consumption pattern of people.
• Rapid growth of the bakery and confectionary industry is major factors fueling the market expansion in the coming years.
• High cost of raw material makes difficult for small and new players to enter in the market which is anticipated to restrict the market expansion.
• Increasing awareness about negative health effects of fats and oils act as main challenges that can hamper the market growth in the coming years.
• Rising awareness about the environmental friendly products has fueled the market for organic and personal care products are expected to offer significant opportunities for the market players.

Scope of The Europe Fats and Oil Market Report

The report on the Europe fats and oil market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Europe Fats and Oil Market Segment Insights:

The cocoa butter equivalents fat and coconut oil segment is projected to account for a large market share

Based on types, the Europe fats and oil market is divided into fats, specialty fats and oils. The fats segment is sub segregated into lard, tallow, and butter. The specialty fats segment is subcategorized as cocoa butter replacer, cocoa butter substitutes, cocoa butter equivalents, cocoa butter improver, milk fat replacer, and other specialty fats. The oils segment is classified as sunflower seed oil, olive oil, palm oil, rapeseed oil, cotton oil, cotton seed oil, soybean oil, and other oils.

The cocoa butter fat type is expected to constitute a key share of the market during the forecast period owing to usage of cocoa butter equivalent fat in manufacturing of confectionery products and compound coatings used in bakery. Growth in the demand for cocoa butter is expected to expand by 10% during the forecast period due to its sustainability, flexibility, and reduced cost.

The coconut oil is expected to represent a key share of the Europe fats and oil market in the coming years due to its health benefits as it does not contain trans-fatty acids compared to other oils. High level of Lauric acid present in the coconut oil which is not found in other oils has increased the demand for coconut oil in Europe.

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The bakery food segment is projected to hold a major market share

On the basis of applications, the Europe fats and oil market is segregated into Food, Industrial, and Animal Feed. The food segment is classified as dairy products, bakery, confectionary, and other foods. The bakery food is expected to account for a key share of the market during the forecast period owing to rising demand for the bakery fats in the bakery food industry.

Many consumers are using different fats for bakery and confectionary products. However, many industries like biodiesel and chemical sectors are anticipated to expand at a rapid pace during the forecast period due to rising demand for palm oil in these industries.

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The market in Europe is anticipated to expand at a substantial CAGR

On the basis of region, the Europe fats and oil market is categorized as United Kingdom, France, Spain, Italy, Germany, Russia, and Rest of Europe. Europe is the second largest market of fats and oil. The Europe market of fats and oil is rising due to high standard of living, rising demand of animal products, and increasing demand for healthy and processed foods. Industries are focusing on developing healthy food products.

Segments

Types

• Fats
  • Lard
  • Tallow
  • Butter
• Specialty Fats
  • Cocoa Butter Replacer
  • Cocoa Butter Substitutes
  • Cocoa Butter Equivalents
  • Cocoa Butter Improver
  • Milk Fat Replacer
  • Other Specialty Fats
• Oils
  • Sunflower Seed Oil
  • Olive Oil
  • Palm Oil
  • Rapeseed Oil
  • Cotton Oil
  • Cotton Seed Oil
  • Soybean Oil
  • Others Oils

Applications

• Food
  • Dairy Products
  • Bakery
  • Confectionary
  • Other Foods
• Industrial
• Animal Feed

Region

• United Kingdom
• France
• Spain
• Italy
• Germany
• Russia
• Rest of Europe

Key Players

• Cargill Inc.
• Archer Daniels Midland Company
• Unilever PLC
• Bunge Limited
• International Foodstuff Company Limited
• Associated British Foods Plc.
• ConAgra Foods Inc.

Competitive Landscape

Key players competing in the Europe fats and oil market are Cargill Inc., Archer Daniels Midland Company, Unilever PLC, Bunge Limited, International Foodstuff Company Limited, Associated British Foods Plc., and ConAgra Foods Inc.