Europe Speciality Fats And Oils Market

Europe Specialty Fats and Oils Market Size, Share Analysis:

Europe Specialty Fats and Oils Market was worth USD 310 million in 2021 and estimated to be growing at a CAGR of 9.6%, to reach USD 490 million by 2026. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the increasing development in the industry.

Specialty fats & oils are used extensively in food products owing to their characteristic features and they are very important to provide the required physicochemical and sensory features like smoothness, creamy consistency, milky appearance, and flavor. Thus, specialty fats & oils are considered a major business opportunity.

Europe Specialty Fats and Oils Market Growth Drivers:

The major driving factors for the market of Specialty Fats and Oils are the growing demand, because of the rise in Europe's demand for chocolate & confectionery products, packaged foods, and focus on reducing processing costs. Food applications of specialty fats & oils hold a major share in terms of usage when compared to other non-food applications like personal care and cosmetics.

Europe Specialty Fats and Oils Market Segmentation;

The Europe Speciality Fats and Oils Market is segmented on the basis of Type into Specialty oil type, Specialty fat type. Specialty oils are segmented as Palm oil, Soybean oil, Coconut oil, Cottonseed oil, Rapeseed oil and others whereas specialty fats are segmented into Cocoa butter equivalents, Cocoa butter substitutes, Cocoa butter replacers, Cocoa butter improvers, Dairy fats replacers, Exotic fats. On the basis of Application, the market is segmented into Chocolate & confectionery, Bakery, Dairy, Processed foods and others. On the basis of Form, the market is segmented into Dry and Liquid.

Europe Specialty Fats and Oils Market Regional Presence:

On the basis of geography, the European market is analyzed under the regions U.K, Germany, France, Spain and Italy. These countries are expected to serve as a major hot spot for the Europe Specialty Oils and Fats market.

Europe Specialty Fats and Oils Market Leading Key Players:

Some of the major companies dominating the market are Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International Limited, and Cargill, Incorporated.