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. Read More

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. Read More

Europe Vegetable Oil Market Size

Market Size of Europe Vegetable Oil Industry

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 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

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Europe Vegetable Oil Market Size Summary

The European vegetable oil industry is poised for steady growth, driven by increasing demand for organic and health-based products. The market is characterized by a diverse range of applications, including biofuels, food, animal feed, and cosmetics, supported by regulatory frameworks like the Renewable Energy Directive and the European Union Common Agricultural Policy. Rapeseed oil, due to its abundant production and versatile applications, dominates the market, particularly in Germany and France. Palm oil also plays a significant role, especially in the food sector, although its supply is heavily reliant on imports. The market's expansion is further bolstered by the growing consumption of high-quality edible oils among health-conscious consumers.

The competitive landscape of the European vegetable oil market is fragmented, with major players such as Bunge Limited, Archer Daniels Midland Company, and Olam International Limited holding significant market shares. These companies are actively engaging in product expansion and strategic mergers and acquisitions to meet rising demand and maintain their competitive edge. The market's growth is also supported by innovations in organic oils and fats, as seen in Bunge Loders Croklaan's expansion to cater to organic demand. The focus on high-quality, natural, and organic products without preservatives is a key factor influencing consumer trust and market dynamics in the region.

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Europe Vegetable Oil Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Rising Tourism Sector Supporting The Growth Of HORECA
  2. 1.1.2 Rising Demand For Processed Foods/RTE Foods
2. 1.2 Market Restraints
  1. 1.2.1 Volatility In Production and Supply of Vegetable Oil
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. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Palm Oil
  2. 2.1.2 Soybean Oil
  3. 2.1.3 Rapeseed Oil
  4. 2.1.4 Sunflower Oil
  5. 2.1.5 Olive Oil
  6. 2.1.6 Other Types
2. 2.2 By Application
  1. 2.2.1 Food
  2. 2.2.2 Feed
  3. 2.2.3 Industrial
3. 2.3 Geography
  1. 2.3.1 Spain
  2. 2.3.2 United Kingdom
  3. 2.3.3 France
  4. 2.3.4 Germany
  5. 2.3.5 Russia
  6. 2.3.6 Italy
  7. 2.3.7 Rest of Europe