Europe Edible Oils Market to Cross US$38 Billion by 2022
Increasing fried food
consumption, rising health conscious among consumers and growing awareness
about food contents with trans-fats, Partially Hydrogenated Oils (PHOs), and cholesterol
to drive Europe edible oils market by 2022
According to a TechSci
Research report, “Europe
Edible Oils Market, By Type, By End User,
Competition Forecast & Opportunities, 2012 – 2022”, the edible
oils market in Europe is anticipated to cross US$38 Billion by 2022, on account of increasing
disposable income coupled with growing awareness among health-conscious
consumers as a result of aggressive marketing strategies adopted by companies.
Moreover, easy availability of edible oils owing to robust distribution network
of major players across the region is also aiding Europe edible oils market.
Browse 5
market data Tables and 62 Figures spread through 135 Pages and an
in-depth TOC on "Europe
Edible Oils Market"
https://www.techsciresearch.com/report/europe-edible-oils-market-by-type-rapeseed-palm-sunflower-olive-soybean-others-by-end-user-retail-food-services-food-processing-competition-forecast-opportunities/889.html
Germany dominated Europe
edible oils market in 2016, and the country is anticipated to maintain its
dominance over the next five years as well, owing to growing healthcare
expenditure, which increased from 11.16% in 2013 to 11.30% in 2014, coupled with
increasing disposable income and booming retail market. Europe’s Gross Domestic
Product (GDP) per capita increased from USD27,560 in 2012 to USD29,848 in 2015.
Rapeseed oils occupied the largest share in the
region’s edible oils market in 2016, owing to high nutritional benefits, low
saturated fat content and presence of omega 3, 6 and 9 fatty acids, which
reduce cholesterol and help in maintaining healthy joints, brain and heart
functions.
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“Growing health concerns, rapid urbanization, increasing awareness regarding
health benefits of consuming edible oils, growing demand for packaged food products
and rapidly
changing consumer preferences towards the usage of edible oils over substitutes
as they contain higher nutrients and lower health risks are some of the major
factors expected to
positively influence Europe edible oils market over the next five years
as well. Moreover, easy accessibility of edible oils at
supermarkets/hypermarkets as
well as through online channels across the region
is also expected to aid Europe edible oils market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Europe
Edible Oils Market, By Type, By End User, Competition Forecast &
Opportunities, 2012 – 2022” has
evaluated the future growth potential of Europe edible oils market and provides
statistics and information on market structure, size, share and future growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities in the Europe edible oils market.
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