The Europe Cooking Oils and Fats market size is expected to be USD 19.57 billion in 2020. It is expected to grow at a CAGR of 0.9% to reach USD 20.47 billion by 2029.
Cooking oils and fats are made up of saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol level in the body.
Inordinate consumption of fats and oils pose as a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that is not healthy, if consumed regularly. The consumption of trans-fats increases the LDL in the body. Additionally, consumption of trans-fats raise the incidences of numerous heart diseases, type 2 diabetes and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.
This Research Report on Europe Cooking Oils And Fats Market is segmented and sub segmented into following categories
Europe Cooking Oils And Fats Market By Form
By form the market is segmented into liquid and solid. The liquid segment dominated the market in 2018 and is projected to be the fastest-growing segment as oils are largely consumed for cooking purposes and in biodiesel, where liquid form is preferred over solid. The crystalline form of the fat has a considerable effect on the melting point and the performance of the fat in different applications in which it is used.
Europe Cooking Oils And Fats Market By Source
Europe Cooking Oils And Fats Market By Type
By type the market is segmented into oil and fat. Oil is further sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and other oils. Fats are further sub-segmented into Butter & Margarine, Lard, Tallow, and others. By vegetable oil type, the market is projected to be dominated by the palm oil category, followed by soybean oil and rapeseed oil. Palm oil has emerged as the most commonly utilized vegetable oil for edible purposes, especially in China, which is one of the biggest consumer of vegetable oils. The demand for palm oil is rising, owing to rise in industrial applications like biodiesel and oleo chemicals. By fat type, the butter & margarine segment commanded the largest market share in 2018. The demand for butter is greater in contrast to that for margarine, owing to the growth in preference for natural products like butter. Factors like change in customer habits and price difference between butter & margarine also fuel the demand for butter.
Europe Cooking Oils And Fats Market By Application
By application the market is categorized into Bakery & Confectionary and Processed. Processed Food is further sub-segmented into Snacks & Savoury, R.T.E Foods/Convenience Foods, Sauces, Spreads, and Dressings, and others (Incl. Meat Products).
KEY PLAYERS IN EUROPE COOKING OILS AND FATS MARKET
Key Players In Europe Cooking Oils And Fats Market are Unilever PLC, Cargill, Inc., International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods plc, Bunge Limited, CHS Inc., and ConAgra Foods Inc.
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