Europe Vegetable Oil Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 33.92 Billion |
| Market Size (2029) | USD 43.42 Billion |
| CAGR (2024 - 2029) | 5.06 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Vegetable Oil Market Analysis
The Europe Vegetable Oil Market size is estimated at USD 33.92 billion in 2024, and is expected to reach USD 43.42 billion by 2029, growing at a CAGR of 5.06% during the forecast period (2024-2029).
The demand for vegetable oil among European consumers is driven by the robust demand for products that offer health benefits and basic nutritional needs. European consumers often use vegetable oil, such as sunflower oil, in their dishes as it offers many health benefits due to being low in saturated fats, monosaturated fatty acids, and polyunsaturated fatty acids. According to the Federal Office of Statistics, the production value of sunflower and safflower oil in Germany increased from EUR 233.56 million in 2019 to EUR 267.2 million in 2023.
As many consumers deal with heart health issues, the consumption of high-oleic vegetable oil is thought to provide some benefits for heart health. For instance, soybean oil is considered a heart-healthy oil because it contains omega-3 and omega-6 fatty acids. Similarly, palm oil contains vitamin E, which can help protect against dementia and stroke, lower bad cholesterol, and increase good cholesterol. Vegetable oils also contain antioxidants, which can help prevent aging-related diseases like cancer and heart disease. In 2022, according to Daiichi Sankyo, 70.5% of respondents considered high blood pressure to increase the risk of heart disease, 66% considered high cholesterol to increase the risk, and 56.2% considered obesity to increase the risk. Thus, the advantages of vegetable oil have increased its consumption in the country, driving market demand.
Europe Vegetable Oil Market Trends
The Trend of Using Un-refined Sunflower Oil is Gaining Traction
Unrefined sunflower oil is becoming an attractive vegetable oil to be consumed in Europe as it is a healthier option when it comes to cooking than other types of cooking oils. The cold-pressing method of un-refined sunflower oil preserves the natural antioxidants and nutrients in the oil, whereas other methods of extraction can potentially remove or damage the beneficial compounds of the oil. Unrefined sunflower oil retains more of its natural flavor and nutritional value and is a source of polyunsaturated fats, beneficial in moderate amounts as part of a balanced diet. It is less heat-stable, making it suitable for several dishes that are either raw or cooked at low temperatures. Sunflower oil also retains its original nutrient content, flavor, and color. Additionally, unrefined sunflower oil has a much lower smoke point than refined sunflower oil, which prevents the destruction of the oil into a rancid fatty acid, thereby making it an attractive oil for consumption.
Further, sunflower oil is a versatile product that finds applications in many fields, such as food, cosmetics, pharmaceutical industries, etc. Sunflower oil can be applied directly to the skin to fight wrinkles and can be used every day as it is gentle. Brands are offering sunflower oil for the face, skin, and hair health. Prominent companies are receiving certifications from USDA for their products to gain consumer trust. For instance, ADI offers organic, unrefined sunflower oil for skin, face, and hair. The product is USDA-organic certified, non-GMO, vegan, keto-friendly, etc.
Germany Holds the Largest Market Share
Germany is considered to be the top producer of vegetable oil globally. Due to its nutritionally balanced composition, vegetable oil, such as rapeseed oil, has become popular in Germany and Europe. It is widely used for both salad dressings and as a cooking oil, and it is a key ingredient in margarine, mayonnaise, and dressings. The non-food industry also shows interest in vegetable oil, utilizing it for energy production, like biofuels, and as an environment-friendly additive in lubricants. Germany stands as one of the major markets for olive oil in Europe, with a high and stable total consumption. Germany tripled its consumption of olive oil during this century, reaching about 80,000 tons in 2022, consolidating its position as the largest European consumer of olive oil among non-Mediterranean countries.
There are promising opportunities for organic olive oil in the market. The majority of olive oil consumption in Germany is for virgin olive oil. Prominent market manufacturers are offering vegetable oil fortified with vitamins A, D, or other fat-soluble vitamins. They offer the products in different packaging options for consumer easy handling and easy transportation. With certified products gaining immense importance, sunflower oil manufacturers are offering USDA-certified products that are organic, non-GMO, etc., to attract more consumers. For instance, brands such as Adi, Velona, and PuraDor offer USDA-certified sunflower oils that are organic and 100% pure. The products are non-GMO, with no additives or fragrance, and are chemical-free and alcohol-free. Thus, the prominent health benefits offered by vegetable oil and manufacturers offering certified oils to consumers reflect positively on the market demand and growth.
Europe Vegetable Oil Industry Overview
The European vegetable oil market is competitive due to multiple regional and multinational companies offering a wide range of products and trying to maintain their leadership position in the market. Major players in the market include Archer Daniels Midland Company, Olam International Limited, Bunge Limited, and Wilmar International Limited. These companies hold a significant share of the market and embark on business strategies, including product innovations, partnerships, strengthening their hold over online and offline marketing, and mergers and acquisitions to expand their visibility and portfolio of offerings, thus augmenting the growth of the market.
Europe Vegetable Oil Market Leaders
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Olam International Limited
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Archer Daniels Midland Company
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Fuji Oil Holding Inc.
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Bunge Limited
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Cargill, Incorporated
*Disclaimer: Major Players sorted in no particular order
Europe Vegetable Oil Market News
- May 2024: Neolea, a producer of modern Mediterranean products, launched its extra virgin olive oil in sustainable aluminum can packaging. The cans feature a reusable ‘Fresh Cap,’ which is designed to maintain the olive oil’s integrity, freshness, and flavor.
- October 2023: UK-based edible oil supplier KTC Edibles launched a new palm oil brand called Planet Palm. Planet Palm is a new range of certified sustainable, traceable, and responsibly sourced palm oil products for bakery and food manufacturers in the UK.
- June 2023: JJ Foodservice launched an own-brand extra virgin olive oil in the United Kingdom. The new Tabaki Extra Virgin Olive Oil is cold pressed from single-origin olives selected from the south Aegean hills in Turkey.
Europe Vegetable Oil Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Rising Tourism Sector Supporting The Growth Of HORECA
- 4.1.2 Rising Demand For Processed Foods/RTE Foods
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4.2 Market Restraints
- 4.2.1 Volatility In Production and Supply of Vegetable Oil
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Palm Oil
- 5.1.2 Soybean Oil
- 5.1.3 Rapeseed Oil
- 5.1.4 Sunflower Oil
- 5.1.5 Olive Oil
- 5.1.6 Other Types
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5.2 By Application
- 5.2.1 Food
- 5.2.2 Feed
- 5.2.3 Industrial
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5.3 Geography
- 5.3.1 Spain
- 5.3.2 United Kingdom
- 5.3.3 France
- 5.3.4 Germany
- 5.3.5 Russia
- 5.3.6 Italy
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill, Incorporated
- 6.3.2 Fuji Oil Holding Inc.
- 6.3.3 Archer Daniels Midland Company
- 6.3.4 Avril Group
- 6.3.5 EFKO Group
- 6.3.6 Bunge Limited
- 6.3.7 Olam International Limited
- 6.3.8 Wilmar International Limited
- 6.3.9 Louis Dreyfus Company BV
- 6.3.10 Demyaniakov
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
** Subject To AvailablityEurope Vegetable Oil Industry Segmentation
Vegetable oil is a light-colored, odorless, flavorless cooking oil that can be used for cooking, frying, and salad dressings. The European vegetable oil market is segmented by type, application, and geography. Based on type, the market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and other types. Based on the application, the market is segmented into food, feed, and industrial. Based on geography, the market is segmented into Spain, the United Kingdom, France, Germany, Russia, Italy, and the Rest of Europe. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Palm Oil |
| Soybean Oil | |
| Rapeseed Oil | |
| Sunflower Oil | |
| Olive Oil | |
| Other Types | |
| By Application | Food |
| Feed | |
| Industrial | |
| Geography | Spain |
| United Kingdom | |
| France | |
| Germany | |
| Russia | |
| Italy | |
| Rest of Europe |
Europe Vegetable Oil Market Research FAQs
How big is the Europe Vegetable Oil Market?
The Europe Vegetable Oil Market size is expected to reach USD 33.92 billion in 2024 and grow at a CAGR of 5.06% to reach USD 43.42 billion by 2029.
What is the current Europe Vegetable Oil Market size?
In 2024, the Europe Vegetable Oil Market size is expected to reach USD 33.92 billion.
Who are the key players in Europe Vegetable Oil Market?
Olam International Limited, Archer Daniels Midland Company, Fuji Oil Holding Inc., Bunge Limited and Cargill, Incorporated are the major companies operating in the Europe Vegetable Oil Market.
What years does this Europe Vegetable Oil Market cover, and what was the market size in 2023?
In 2023, the Europe Vegetable Oil Market size was estimated at USD 32.20 billion. The report covers the Europe Vegetable Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Vegetable Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Vegetable Oil Industry Report
Statistics for the 2024 Europe Vegetable Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Vegetable Oil analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
