UK Edible Oil And Fats Market Size & Outlook, 2022-2030
UK edible oil and fats market, 2017-2030 (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.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 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 UK 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.
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Target buyers of UK edible oil and fats market databook
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into UK edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK edible oil and fats market size, by product, 2017-2030 (US$M)
UK Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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