Europe Edible Oils Market to Grow with a CAGR of 5.67% through 2030
The Europe Edible Oils market is growing
due to rising health consciousness, demand for premium oils, plant-based
alternatives, and sustainable production practices, driven by consumer
preferences for healthier cooking options
According
to TechSci Research report, “Europe Edible Oils Market – By Country, Competition,
Forecast & Opportunities, 2030F”, the
Europe Edible Oils market stood at USD 19.47 billion in 2024 and is anticipated
to grow USD 27.01 billion by 2030 with a CAGR 5.67% during forecast period. The
Europe Edible Oils market has evolved significantly, driven by multiple factors
such as health consciousness, sustainability concerns, and innovations in
product offerings. Increasing awareness about the health risks of consuming
unhealthy fats has led to a surge in demand for healthier alternatives such as
olive oil, sunflower oil, and avocado oil. These oils are perceived to have
lower saturated fats and higher amounts of unsaturated fats, which support
heart health. Olive oil, in particular, has become a staple in many European
kitchens, partly due to the Mediterranean diet's reputation for promoting
longevity and good health.
Another
key driver is the rising preference for plant-based and organic edible oils. As
more consumers shift towards plant-based diets, the demand for oils such as
flaxseed, coconut, and almond oil has grown. These oils are not only seen as
healthier alternatives but also as more environmentally friendly options
compared to animal-derived fats. The organic segment, in particular, has gained
momentum as consumers become more mindful of the environmental and health
implications of conventional farming practices. Organic oils, which are grown
without synthetic fertilizers and pesticides, are seen as cleaner, and their
demand is growing, especially in the premium segment.
Sustainability
is a significant concern in the edible oils market, both for consumers and
manufacturers. There is increasing pressure on companies to ensure that their
sourcing practices are ethical, and that they minimize their environmental
impact. For instance, sustainable palm oil sourcing has become a major topic in
the industry, as palm oil production has been linked to deforestation and
environmental degradation. The Roundtable on Sustainable Palm Oil (RSPO)
certification is becoming a critical benchmark for brands that wish to cater to
eco-conscious consumers. Moreover, the demand for eco-friendly packaging is
rising, with consumers preferring biodegradable, recyclable, or reusable
packaging solutions to reduce plastic waste.
While
the market is expanding, it faces several challenges. One of the most
significant challenges is the fluctuating prices of raw materials, which can
impact the production cost of edible oils. Weather conditions, geopolitical
factors, and market demand can all contribute to price volatility. For example,
the price of olive oil can fluctuate due to droughts or poor harvests in
Mediterranean countries, which are the main producers of this oil. Similarly,
palm oil prices are influenced by factors such as government policies in
producing countries and international trade agreements.
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The Europe edible
oils market is segmented into product type, packaging type, sales channel, country
distribution, and company.
Based on the sales
channel, the online segment is the fastest growing in the Europe Edible Oils
Market, driven by increased consumer preference for convenient shopping.
E-commerce platforms provide access to a wider range of products, including
organic, specialty, and premium oils. The growth is also fueled by changing
consumer behaviors, with more people opting for home delivery. Online platforms
allow brands to showcase their sustainability and health-conscious initiatives,
attracting eco-aware consumers. Furthermore, the ability to compare prices and
find exclusive deals enhances the appeal of purchasing edible oils through
digital channels. This trend is expected to continue as e-commerce evolves.
Based on country,
the United Kingdom is the fastest growing region in the Europe Edible Oils
Market, driven by increasing demand for healthy and sustainable oil options,
such as olive and sunflower oils. The growth is also fueled by rising consumer
awareness regarding the health benefits of these oils, along with a shift
toward plant-based diets. Innovations in oil blends and fortified oils further
contribute to the market's expansion, with UK consumers showing interest in
premium, eco-friendly products. Additionally, e-commerce channels are boosting
product accessibility, allowing brands to reach a broader audience across the
country.
Major companies
operating in the Europe Edible Oils market are:
- Bunge SA
- Cargill,
Incorporated
- Basso Fedele
& Figli Srl
- Borges
International Group, SL
- Hebany Group
- Henry Lamotte
OILS GmbH
- NGO Chew Hong
Edible Oil Pte Ltd (Mewah Group)
- Olenex Sàrl
- Olympic Oils
Ltd
- Valtris Specialty Chemicals Limited
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“Innovation
is another driver of growth in the European edible oils market. As consumer
preferences continue to evolve, manufacturers are investing heavily in creating
new products that meet the demands for health, convenience, and sustainability.
One notable trend is the rise of blended oils, which combine different types of
oils to provide enhanced flavor, health benefits, and versatility in cooking.
For example, olive oil and avocado oil blends offer a combination of
heart-healthy fats and high smoke points, making them ideal for various cooking
methods. Fortified oils that contain added vitamins and omega-3 fatty acids are
also gaining popularity, as consumers seek products that contribute to overall
wellness,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
"Europe Edible Oils
Market By Product Type (Mustard Oil, Soybean Oil, Sunflower Oil,
Palm Oil, Olive Oil, Others), By Packaging Type (Pouches, Jars, Cans, and
Bottles), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores,
Online, Others), By Country, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of Europe
Edible Oils market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Europe Edible Oils market.
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