Europe Edible Oils and Fats Market

The Europe edible oils and fats market was valued at US$ 15,209.53 million in 2023 and is expected to reach US$ 20,666.70 million by 2030; it is estimated to grow at a CAGR of 4.5% from 2023 to 2030.

Strategic Development Initiatives by Manufacturers Drive Europe Edible Oils and Fats Market

Manufacturers of edible fats and oils invest significantly in the expansion of business and production capacity to serve their customer base better and meet their consumer requirements. In 2023, Biopress, a French manufacturer of proteins and vegetable oils made entirely of natural ingredients, was acquired by Groupe Berkem. Also, in 2022, the Desmet Ballestra Group (Belgium), a global leader in the engineering and provision of processing facilities and technologies for the edible oil and biofuel industries, was fully acquired by Alfa Laval. Alfa Laval's position in the field of renewable energy will be strengthened by the acquisition, which will also enhance its line of edible oils. Thus, the business expansion strategies of prominent players drive the Europe edible oils and fats market growth.

Europe Edible Oils and Fats Market Overview

The edible oils and fats market in Europe is segmented into Germany, Italy, France, the UK, Russia, and the Rest of Europe. The European bakery market is well established, with bread being the staple food of European consumers. According to the Atlantic Healthy Food EcoSystem (AHFES), Europe was the most dynamic market for bakery products in 2020, with a share of 41% in the bakery industry, and the per capita consumption of bread and bakery products was 57 Kg in Europe. The vegetable oil-based shortening, butter, and margarine are semisolid fats known for their crumbly texture, produced in cooking and baking applications, particularly in shortbread, pie crusts, and puff pastry. Hence, the region's significant consumption of bakery products drives the demand for edible oils and fats. Margarine, on the other hand, faces reduced demand due to growing health concerns related to trans-fats. However, manufacturers find opportunities exist in the development of trans-fat-free and plant-based margarine products. For instance, In March 2022, ADEKA Corporation launched its plant-based margarine under the brand 'Deli-PLANTS', in Europe. In recent years, the RTE and RTC meals category gained traction owing to the changing lifestyle of consumers. Thus, there is an increased demand for convenient and quick ready-to-eat meal options, including rice bowls, wraps, salads, and noodles & pasta, which further drives the demand for edible oils and fats in the RTE & RTC meals. In addition, the dairy & frozen desserts, and snacking sector is on the rise. According to the European Commission, approximately 37 million tons of fresh dairy products are consumed in 2021 in the European Union. Vegetable oils are increasingly used to manufacture vegetable dairy formulas such as cheese, pastries, whipping creams, toppings, and filled milk drinks. Thus, increased consumption of dairy products spurs the demand for vegetable oil in Europe during 2023-2030.

Europe Edible Oils and Fats Market Revenue and Forecast to 2030 (US$ Million)

Europe Edible Oils and Fats Market Segmentation

The Europe edible oils and fats market is segmented based on type, application, and country.

Based on type, the Europe edible oils and fats market is bifurcated into oils and fats. The oils segment held a larger share in 2023. The fats segment is further subsegmented into butter, margarine, palm oil based shortening, vegetable oil based shortening, and others. The oils segment is further subsegmented into soybean oil, sunflower oil, palm oil, canola oil/rapeseed oil, and others.

By application, the Europe edible oils and fats market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals. The food and beverages segment held the largest share in 2023. The food and beverages segment is further subsegmented into bakery and confectionery, dairy and frozen desserts, RTE and RTC meals, snacks, and others.

Based on country, the Europe edible oils and fats market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe edible oils and fats market in 2023.

AAK AB, Archer-Daniels-Midland Co, Bunge Ltd, Cargill Inc, ConnOils LLC, Fuji Oil Co Ltd, Kao Corp, Louis Dreyfus Co BV, and Olam Group Ltd are some of the leading companies operating in the Europe edible oils and fats market. 

Europe Edible Oils and Fats Strategic Insights

Strategic insights for the Europe Edible Oils and Fats provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Edible Oils and Fats Report Scope

Europe Edible Oils and Fats Regional Insights

The geographic scope of the Europe Edible Oils and Fats refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.