Europe Interesterified Oils Market

Europe is expected to hold a market revenue share of 23% in the year 2020, growing with a CAGR of 6.99% during the forecast period. In April 2019, the European Union (EU) adopted a regulation to curb the amount of trans fat in products such as snack foods. The European Commission, the EU’s executive arm, set the limit of trans fats at two grams per 100 grams fat in food. The organization has set the enforcement limit for April 2nd 2021. This enforcement is expected to slowly replace trans fats with interesterified fats in the regional food value chain, driving the market growth in the region

Germany interesterified oils market value is likely to reach USD YY million in 2029, from its recorded value of USD YY million in 2020, growing with a CAGR of 6.12% during the forecast period. Dairy products, and bakery & confectionery are said to be one of the most prominent foods and beverage sectors in Germany, which is expected to be one of the major application areas of interesterified oils in the market, thus driving the market growth in Germany

On the other hand, the United Kingdom interesterified oils market is likely to reach USD 16.63 million in 2028, growing with a CAGR of 7.82% during the forecast period. The interesterified oils market in the United Kingdom is expected to expand due to rising demand from a variety of industries

Rising vegan population in United Kingdom owing to increasing animal welfare awareness along with high focus towards healthy eating habits  is expected to promote plant based interesterified oils demand in the country. Between 2014 and 2019 the number of vegans in Great Britain quadrupled. In 2014 only 150,000 people, that’s 0.25% of the population, attested to following a vegan lifestyle. 2016 saw an additional 126,000 people turn to veganism, resulting in a total 276,000 people. In 2019, 600,000 people attested to following the vegan lifestyle - making it 1.16% of the population

Moreover, the increasing consumption of snacks in the country, is expected to drive the market growth. The demand for convenience foods is growing at a faster pace due to growing awareness about healthy foods, changes in meal patterns and existing food habits, and the desire to taste new products. The fast-paced lifestyle of the population has contributed to an on-the-go eating pattern in the country, with consumers preferring ready-to-eat healthy foods to accommodate their need for quick energy and nutrition

The market value for France interesterified oils is expected to grow with a CAGR of 6.80% during the forecast period. France represents Europe’s largest bread and bakery products market, with a retail value of USD 23.7 billion in 2015. Revenue in the bread & bakery products segment is expected to amounts to USD 27.122 million in 2021. The demand for interesterified oils in France is expected to ascend owing to the presence of robust bakery and confectionery industry coupled with the growing consumer demand

Spain interesterified oils market is expected to grow with a CAGR of 5.79% during the forecast period, reaching USD 7.83 million in 2028, from its recorded value of USD 4.89 million in 2020. The market is majorly driven by the rising demand of its application in food and beverage sectors

Also, the changing consumer demographics in terms of lifestyle changes and growing working population resulting in consumer demand for convenience and processed foods. This is seen as an opportunity for the manufacturers to adopt interesterified oils in their manufacturing process

On the other hand, Italy accounted for market revenue share of 8% in the year 2020. Sweden, Denmark, Russia, Ukraine and Belgium are some of the other countries in Europe whose market value is likely to reach USD YY million in 2028

The countries are witnessing robust growth in the market, attributable to the rapid increase in this type of oil consumption. The high level of unsaturated fatty acids and the high smoke point drive its rapid utilization in the region

Russia and Ukraine are the leading producers of sunflower seed oil in the world. According to an article published by the Oil Palm Industry Economic Journal, 2018 Russia produced 4.6 million tonnes of sunflower seed oil in 2017. European consumers’ fast-paced lifestyles have urged them to opt for healthier cooking oils to support their overall health. This has influenced the increased utilization of oil in the foodservice sector and household cooking purposes. In Europe, Austria, Denmark, Hungary, Iceland, Norway and Switzerland are some of the countries that have placed restrictions on hydrogenated oils

In May 2020, Turkey announced the trans fat regulations as per WHO recommendations which will come in effect from January 2021. Accordingly, food reaching final consumers and for retail supply should not contain more than 2g of trans fat per 100g of fa

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