U.K. Edible Oil And Fats Market Size & Outlook, 2022-2030
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Edible Oil And Fats Market Outlook
- Consumer Food & Beverages
U.K. Edible Oil And Fats Market, 2018-2030 (US$M)
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UK edible oil and fats market highlights
- The UK edible oil and fats market generated a revenue of USD 10,478.6 million in 2022 and is expected to reach USD 20,293.8 million by 2030.
- The UK market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 10,478.6 million |
| Market revenue in 2030 | USD 20,293.8 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, UK accounted for 2.3% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 29,804.2 million by 2030.
In the U.K., olive oil is the most popular and best-selling cooking oil, used in more than half of U.K. households. This trend is also being followed by a majority of restaurants across the region. The U.K. imports most of its olive oil from Spain and is the sixth largest importer of olive oil worldwide.
Rapeseed oil is the only oil produced in the U.K. and its quality has significantly increased over the past few years thanks to improved production and filtering processes. The production of rapeseed oil has practically doubled in the last 10 years, emerging as a significant industry in the U.K.
The demand for edible oil & fats in the region primarily stems from food processing and food service industries. This can be attributed to the increased popularity of fast food and growing consumer preference for convenience foods.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| Grain Processing Corporation | View profile | 1001-5000 | Muscatine, Iowa, United States, North America | www.grainprocessing.com/ |
| Bunge Global SA | View profile | 23,000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | www.bunge.com |
| Nisshin Oillio Group Ltd | View profile | 3,357 | 1-23-1, Shinkawa, Chuo-ku, Tokyo, Japan, 104-8285 | www.nisshin-oillio.com |
| Kaneka Corp | View profile | 13,284 | 3-2-4, Nakanoshima, Kita-ku, Osaka, Japan, 530-8288 | www.kaneka.co.jp |
| Adani Wilmar | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | www.adaniwilmar.com/ |
| Borges | View profile | 51-100 | Reus, Catalonia, Spain, Europe | www.borges.es |
| Apetit Group | View profile | 501-1000 | Helsinki, Southern Finland, Finland, Europe | apetit.fi |
U.K. Edible Oil And Fats Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Edible Oil And Fats Market Outlook will help companies and investors design strategic landscapes.
Edible Oil was the largest segment with a revenue share of 75.38% in 2022.
Horizon Databook has segmented the U.K. edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
In the U.K., olive oil is the most popular and best-selling cooking oil, used in more than half of U.K. households. This trend is also being followed by a majority of restaurants across the region. The U.K. imports most of its olive oil from Spain and is the sixth largest importer of olive oil worldwide.
Rapeseed oil is the only oil produced in the U.K. and its quality has significantly increased over the past few years thanks to improved production and filtering processes. The production of rapeseed oil has practically doubled in the last 10 years, emerging as a significant industry in the U.K.
The demand for edible oil & fats in the region primarily stems from food processing and food service industries. This can be attributed to the increased popularity of fast food and growing consumer preference for convenience foods.
- U.K. Edible Oil And Fats Market Product Outlook (Revenue, USD Million , 2018-2030)
- Edible Oil
- Edible Fats
- U.K. Edible Oil And Fats Market Source Outlook (Revenue, USD Million , 2018-2030)
- Natural
- Synthetic
- U.K. Edible Oil And Fats Market Nature Outlook (Revenue, USD Million , 2018-2030)
- Organic
- Conventional
- U.K. Edible Oil And Fats Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Offline
- Online
- U.K. Edible Oil And Fats Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Food & Beverages
- Personal Care & Cosmetics
- Biofuel & Energy
- Pharmeceutical
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Edible Oil And Fats Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Edible Oil And Fats Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Edible Oil And Fats Market, 2018-2030 (US$M)
UK edible oil and fats market statistics, by product, 2017-2030 (US$M)
