Europe Powdered Fats Market Size & Outlook, 2022-2030
Europe powdered fats market, 2018-2030 (US$M)
Related Markets
Europe powdered fats market highlights
- The Europe powdered fats market generated a revenue of USD 641.8 million in 2022.
- The market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
- In terms of segment, palm & palm kernel was the largest revenue generating source in 2022.
- Coconut is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 641.8 million |
| Market revenue in 2030 | USD 856.9 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palm & Palm Kernel, Coconut, Milk, Sunflower, Canola, Corn |
| Key market players worldwide | Kerry Group PLC Class A, FrieslandCampina, Aarkay Food Products Ltd, Instafood, Castle Dairies, Zeon Lifesciences, Natural Extracts Industries |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.7% of the global powdered fats market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,157.9 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe powdered 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 powdered fats market will help companies and investors design strategic landscapes.
Palm & palm kernel was the largest segment with a revenue share of 34.96% in 2022. Horizon Databook has segmented the Europe powdered fats market based on palm & palm kernel, coconut, milk, sunflower, canola, corn covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of emerging key players in the region is a key factor driving the demand for powdered fats in Europe. Though several players actively promote their powdered fat products, consumers in the region have become more aware of the different options available.
This heightened awareness, generated through marketing, is contributing to the growing demand for powdered fats in Europe. For instance, Kerry Group, LUS Health Ingredients BV, and FrieslandCampina are some major players with a strong presence in the region.
The growing consumer demand for vegan confectionery products has compelled several companies to diversify their offerings for plant-based powdered fat products. For instance, Netherlands-based FrieslandCampina offers Kievit Vana-Grasa 70M 064.
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Our clientele includes a mix of powdered fats market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Europe powdered fats market , including forecasts for subscribers. This continent databook contains high-level insights into Europe powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe powdered fats market size, by country, 2018-2030 (US$M)
Europe Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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