Europe Fats and Oil Market Size (2024 - 2029)

The Europe Fats and Oil Market is experiencing a shift in consumer preferences towards natural ingredients, driven by concerns over conventional beauty products and health risks associated with partially-hydrogenated vegetable fats. This trend is influencing the market size, as the demand for specialty fats like cocoa and shea butter increases due to their beneficial properties. However, regulatory changes aimed at limiting the use of certain fats pose challenges to the market's growth trajectory.

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Market Size of Europe Fats and Oil Industry

Europe Fats And Oil Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.35 %
Market Concentration Low

Major Players

Europe Fats And Oil Market Key Players

*Disclaimer: Major Players sorted in no particular order

Europe Fats and Oils Market Analysis

Europe Fats and Oil Market are expected to grow at a CAGR of 3.35 over the forecast period (2020-2025).

  • Amidst rising concerns, consumers are increasingly shifting toward natural alternatives in order to avoid conventional beauty products, which has conclusively raised the demand for products formulated with natural ingredients, including specialty fats, such as cocoa and shea butter, for their excellent emollient properties.
  • Owing to several heart risks, associated with partially-hydrogenated vegetable fats and their by-products, various governments around the world are repositioning their policies and rolling outlaws to limit the usage of the same. This reflects the hindered growth of the market in the near future.

Europe Fats and Oils Industry Segmentation

Europe Fats and Oil Market are segmented by type into fats, specialty fats, and oils. Based on the application, the market is classified according to the application of fats and oils in food, industrial, and animal feed applications. The market is also differentiated on the basis of geography.

By Type
Fats
Butter
Tallow
Lard
Specialty Fats
Cocoa Butter Equivalents
Cocoa Butter Replacers
Cocoa Butter Substitutes
Cocoa Butter Improver
Milk Fat Replacer
Other Specialty Fats
Oils
Soybean Oil
Rapeseed Oil
Palm Oil
Coconut Oil
Olive Oil
Cotton Seed Oil
Sunflower Seed Oil
Other Oils
By Application
Food
Confectionary
Bakery
Dairy Products
Other Foods
Industrial
Animal Feed
By Geography
Germany
United Kingdom
France
Italy
Russia
Rest of Europe
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Europe Fats and Oil Market Size Summary

The Europe fats and oil market is experiencing a notable shift as consumers increasingly favor natural alternatives over conventional beauty products, driving demand for specialty fats like cocoa and shea butter due to their emollient properties. However, the market faces challenges from government regulations aimed at reducing the use of partially-hydrogenated vegetable fats, which could hinder growth. The fluctuating cocoa production costs have led confectioners to seek alternative ingredients to cocoa butter, such as compound coatings, to maintain profitability. These specialty fats are essential in bakery and confectionery products, where they constitute a significant portion of the product weight. Additionally, the industrial application of virgin coconut oil has seen substantial growth in Europe, particularly in countries like Germany, the Netherlands, and the United Kingdom, due to its health benefits and functionality.

Companies in the European fats and oil market are focusing on expanding their product offerings to cater to diverse sectors such as feed, food and beverage, and industrial applications. This strategy includes launching new products like Cargill's CremoFLEX, which is versatile for various food applications. Major players like ADM and Olam International are leveraging sustainable practices and certifications to enhance their market presence. The market's growth is supported by the increasing demand for tailored products that meet consumer preferences, alongside the strategic expansion efforts by leading companies.

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Europe Fats and Oil Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Fats

        1. 2.1.1.1 Butter

        2. 2.1.1.2 Tallow

        3. 2.1.1.3 Lard

      2. 2.1.2 Specialty Fats

        1. 2.1.2.1 Cocoa Butter Equivalents

        2. 2.1.2.2 Cocoa Butter Replacers

        3. 2.1.2.3 Cocoa Butter Substitutes

        4. 2.1.2.4 Cocoa Butter Improver

        5. 2.1.2.5 Milk Fat Replacer

        6. 2.1.2.6 Other Specialty Fats

      3. 2.1.3 Oils

        1. 2.1.3.1 Soybean Oil

        2. 2.1.3.2 Rapeseed Oil

        3. 2.1.3.3 Palm Oil

        4. 2.1.3.4 Coconut Oil

        5. 2.1.3.5 Olive Oil

        6. 2.1.3.6 Cotton Seed Oil

        7. 2.1.3.7 Sunflower Seed Oil

        8. 2.1.3.8 Other Oils

    2. 2.2 By Application

      1. 2.2.1 Food

        1. 2.2.1.1 Confectionary

        2. 2.2.1.2 Bakery

        3. 2.2.1.3 Dairy Products

        4. 2.2.1.4 Other Foods

      2. 2.2.2 Industrial

      3. 2.2.3 Animal Feed

    3. 2.3 By Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Russia

      6. 2.3.6 Rest of Europe

Europe Fats and Oil Market Size FAQs

The Europe Fats and Oil Market is projected to register a CAGR of 3.35% during the forecast period (2024-2029)

Cargill Inc., Bunge Limited, Archer Daniels Midland Company and Wilmar International Limited are the major companies operating in the Europe Fats and Oil Market.

Europe Fats and Oils Market Report Snapshots

Europe Fats and Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)