Europe Fats and Oil Market to Reach USD 64.53 Billion by 2032, Driven by Rising Demand Across Food and Personal Care Sectors

The Europe Fats and Oil Market reached US$ 50.54 billion in 2024 and is projected to reach US$ 64.53 billion by 2032, expanding at a CAGR of 3.0% during 2025-2032. This growth reflects steady demand from the food and beverage sector, rising use of specialty oils and the continued shift toward healthier, plant-based fat alternatives.

Europe maintains a strong and mature position in the global fats and oil industry, supported by advanced processing capabilities, stringent quality standards and expanding applications across bakery, confectionery, convenience foods and industrial uses. Increasing consumer interest in sustainable sourcing, cold-pressed oils and functional lipid ingredients continues to reinforce market momentum across the region.

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The Europe Fats and Oil Market involves edible and industrial fats and oils produced and traded across Europe, used in food manufacturing, biodiesel production, and cosmetic industries for their essential functional and nutritional properties.

Key Developments

✅ October 2025 (Europe): Leading European food processors introduced premium specialty fats for bakery and confectionery applications, driven by demand for improved texture, melting profiles, and higher-quality finished products.

✅ September 2025 (Europe): Major edible oil refiners upgraded their refining and deodorization units to support low-trans-fat and clean-label oil production, aligning with evolving European food safety and labeling requirements.

✅ August 2025 (Europe): Plant-based food manufacturers increased their adoption of sunflower, rapeseed, and olive-oil-based fat alternatives, reflecting strong consumer movement toward vegan and environmentally conscious products.

✅ July 2025 (Europe): European oilseed processors reported rising demand for cold-pressed and minimally processed oils as consumers prioritize natural ingredient profiles and traceability.

✅ June 2025 (Europe): Specialty fats producers introduced innovative cocoa-butter substitutes to support confectionery companies affected by global cocoa price volatility.

Mergers & Acquisitions

✅ September 2025 (Europe): A leading European food ingredient company acquired a specialty fats manufacturer to expand its premium bakery and confectionery fat portfolio across the region.

✅ June 2025 (Europe): A major vegetable oil processor completed a strategic partnership with a regional oilseed cooperative to strengthen sustainable sourcing of rapeseed and sunflower seeds.

Key Players:

Cargill Inc | Archer Daniels Midland Company | Associated British Foods Plc | Kerry Group Plc | Koninklijke DSM N.V. | International Flavors & Fragrances Inc. | Lallemand Inc. | Corbion N.V. | Tate & Lyle PLC | Ingredion Inc.

Key Highlights • Cargill Inc - Reported revenue of USD 160 billion for fiscal year 2024, reflecting its broad scale across agriculture, food ingredients, and feed.

• Archer Daniels Midland Company (ADM) - While ADM's full group revenue is publicly available, specific "specialty ingredients" revenue for 2024 is not broken out publicly in the latest annual report.

• Associated British Foods Plc - Reported total revenue of £20.07 billion in 2024, driven in part by its ingredients division: sugar, yeast, and other specialty food ingredients.

• Kerry Group Plc - Recorded €8.0 billion total group revenue in 2024, with €6.93 billion from continuing operations; its Taste & Nutrition business continues to drive marginable growth.

• Koninklijke DSM N.V. - In its 2024 annual report (following merger with Firmenich to form DSM-Firmenich), the company reported €12.80 billion in total sales.

• International Flavors & Fragrances (IFF) - Publicly reports broad segment revenues, but a precise "European specialty ingredient" number for 2024 is not available from public filings that clearly isolate IFF's ingredient sales in Europe.

• Lallemand Inc. - Does not publicly break out ingredient-specific revenues in its financial disclosures; revenue data is more aggregate and private.

• Corbion N.V. - While Corbion is a major fermentation-ingredient company, its 2024 financial report is needed for exact ingredient-revenue numbers, which are not consolidated in a publicly accessible source for ingredient-only lines.

• Tate & Lyle PLC - The company reports global sales for its specialty ingredients segment, but detailed 2024 data specifically attributed to European markets or ingredient lines is not available in public summary sources.

• Ingredion Inc. - Ingredion publishes global results; but publicly available 2024 financials do not break out "European specialty-ingredient" revenue distinctly in its summary reports.

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Market Drivers & Growth

Strong demand from food and beverage, bakery, confectionery, and processed food sectors continues to drive market expansion.

Growing consumer preference for healthier oils such as olive oil, rapeseed oil, sunflower oil, and other specialty vegetable oils.

Rising use of fats and oils in personal care, cosmetics, and biofuel applications is supporting industrial growth.

Increasing adoption of plant-based diets is boosting demand for vegetable-derived fats and oils.

Regulatory initiatives aimed at reducing trans fats and saturated fats are encouraging product reformulation with healthier alternatives.

Industrial Advances & Developments

Expansion in specialty fats production, including cocoa butter equivalents and structured lipids for confectionery and bakery industries.

Greater emphasis on sustainable and traceable sourcing, including certified sustainable palm oil and eco-friendly vegetable oils.

Innovations in refining and processing technologies to improve purity, reduce waste, and enhance nutritional value.

Development of value-added processed fats for nutraceuticals, pharmaceuticals, and personal care products.

Growing use of biotechnological and enzymatic processes to create customized fats with improved functionality.

Regional Insights

Western Europe: Germany, France, Italy, and the UK lead consumption due to mature food processing industries and high per-capita usage.

Central & Eastern Europe: Growth supported by rising processed food consumption, expanding foodservice industry, and increasing urbanization.

Southern Europe: Strong demand for olive oil and specialty vegetable oils aligned with Mediterranean dietary habits and health-conscious trends.

Sustainability remains a key regional focus, with both consumers and manufacturers prioritizing environmentally responsible sourcing and production.

Animal fats maintain a stable but slower-growing demand, primarily in traditional food applications and select industrial uses.

Key Segments:

➥ By Source
Vegetable | Animal
Vegetable sources dominate usage due to wider acceptance in food and industrial applications, while animal fats remain strong in traditional and specialty uses.

➥ By Form
Solid | Liquid
Liquid oils lead overall consumption, while solid fats hold demand in bakery, confectionery, and industrial processing.

➥ By Type
• Oils
Vegetable Oils | Palm Oil | Soybean Oil | Sunflower Oil | Rapeseed Oil | Olive Oil | Other Oils
Palm and Soybean oils hold the largest share due to versatile food and industrial use; Olive and Sunflower are premium growth categories.

• Fats
Butter & Margarine | Lard | Tallow & Grease | Other Fats
Butter & margarine dominate the fats segment, supported by bakery, dairy, and home consumption trends.

➥ By Application
1. Food Applications
Bakery | Confectionery | Snacks & Savory | Ready/Convenience Foods | Sauces, Spreads & Dressings | Other Foods (incl. Meat Products)
Bakery and snacks lead demand for oils and fats, driven by large-scale commercial production and consumer preference.

2. Industrial Applications
Biodiesel | Oleochemicals | Other Industrial Uses | Animal Feed
Biodiesel remains a high-volume consumer of vegetable oils, while oleochemicals grow with demand for sustainable, plant-based industrial inputs.

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