Europe Fats and Oil Market - Growth, Trends, and Forecasts (2017 - 2022)
Europe Fats and Oil Market The European oils and fats market covers butter, margarine, olive oil, dairy and non-dairy spreads, and other edible oils and fats. Olive oil occupies the largest market share, while the smallest is that of cooking fats. The consumption of cooking fats has been declining rapidly, owing to the relative effects it imposes on human health. Unilever has dominated the market.
The rising demand for olive oil is expected to make Europe the most promising market for olive oil. The considerable growth is because of the strong economic growth and rising consumer awareness about the many benefits of consuming olive oil. Western lifestyle is being increasingly adopted by the population of developed nations. This is credited as one of the biggest factors driving the European oils and fats market.
The oils and fats market can be segmented by the source and application. According to the European Commission, there would be a drop of 2 million tons in the rapeseed harvest, to just under 20 million tons in 2016. Consumption in 2016/17 is expected to decline by 6% to 23.4 million tons; however, there was a shortage of 3.6 million tons of rapeseed for the supply/demand balance to be levelled. Europe’s 2014/2015 season saw low production across the board, dropping from 2,482.6 metric tons in 2013/2014 to 1,433.5 metric tons in 2014/2015. As of 2016, the contribution of palm oil to the overall intake of saturated fatty acids in the Italian diet was a mere 2.5g to 4.7g per day, compared to the average consumption of about 27g per day from all dietary sources.
Europe is responsible for 19% of the world’s fats and oils consumption, but the end-use pattern varies from country to country. For example, Germany’s growth is driven by biodiesel use, while France continues to consume fats and oils primarily for food use. A major share of cooking oils and fat used in the EU are produced from vegetable oils, whereas, in countries like Belgium, relatively, more of animal fats are used. In Germany, the volume sales are expected to grow, though at a small rate and its performance is dependent on the largest category, which is butter. Olive oil is a staple product of Southern European countries and has become a premium item for the heavy consumer countries.
The European Commission (EC) has delayed its ChemChina-Syngenta merger decision for the second time. The EC said that both had strong partially overlapping portfolios of crop protection products, including herbicides, insecticides, fungicides, and plant growth regulators, used for the cultivation of cereals, cotton, corn, fruits and vegetables, rapeseed, soybean, sugar beet, and sunflowers.
Ferrero, an Italian confectionery firm, has come out in public defense of palm oil, after the European Food Safety Authority (EFSA) flagged concerns about process contaminants found in palm and other vegetable oils.
Lesieur has committed to allocate EUR 17 million for its edible oils packaging facility, EUR 2.4 million for its refining plant, and EUR 2 million for its research, innovation and development center. The combined investment will cover its table oil and condiment sectors.
Key Deliverables in the Study
Market analysis for the Europe oil and fats market, with region-specific assessments and competition analysis. Market definition along with the identification of key drivers and restraints. The identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the global market. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the Europe oil and fats market. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insight about the major players in the industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.