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Oil & Fat Production in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

UK-C104 August 2024 Factsheet

Revenue

£932.1m

2019-2024 6.1 %
2024-2029 X.X %

Employees

1,501

2019-2024 5.1 %
2024-2029 X.X %

Businesses

93

2019-2024 5.0 %
2024-2029 X.X %

Wages

£XX.Xm

2019-2024 X.X %
2024-2029 X.X %

Oil & Fat Production in the UK market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in United Kingdom compared to Europe?

Country Benchmarking

Industry Data United Kingdom

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#17 In Europe
Business
#12 In Europe
Employees
#15 In Europe
Wages
#11 In Europe

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Health-consciousness and sustainability have established themselves as increasingly critical pillars shaping the European Vegetable and Animal Oil and Fat Production industry. Oil and fat processors have been challenged with adapting to EU regulations favouring sustainable farming and production practices. Consumers' swelling health consciousness has also influenced product development and diversification. These shifts, coupled with sticky inflation, have curbed oil and fat sales. Over the five years through 2024, revenue is expected to decline at a compound annual rate of 2.0% to €85.2 billion, including a fall of 2.5% in the current year.

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Enterprises
Number of businesses in 2024

Biggest companies in the Oil & Fat Production in the UK

Company
Market Share (%)
2024
Revenue (£m)
2024
Profit (£m)
2024
Profit Margin (%)
2024
Archer Daniels Midland Co.
90,237.4
5,693.6
6.3
AAK AB
3,730.7
363.7
9.7
Wilmar International Ltd
72,300.5
2,670.1
3.7

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Top Questions Answered in this Report

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What is the market size of the Oil & Fat Production in the UK industry in United Kingdom in 2024?

The market size of the Oil & Fat Production in the UK industry in United Kingdom is £932.1m in 2024.

How many businesses are there in the Oil & Fat Production in the UK industry in 2024?

There are 93 businesses in the Oil & Fat Production in the UK industry in United Kingdom, which has grown at a CAGR of 5.0 % between 2019 and 2024.

Has the Oil & Fat Production in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Oil & Fat Production in the UK industry in United Kingdom has been declining at a CAGR of 6.1 % between 2019 and 2024.

What is the forecast growth of the Oil & Fat Production in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Oil & Fat Production in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Oil & Fat Production in the UK market in United Kingdom?

The biggest companies operating in the Oil & Fat Production market in United Kingdom are Archer Daniels Midland Co., AAK AB and Wilmar International Ltd

What does the Oil & Fat Production in the UK in United Kingdom include?

Palm oil and Rapeseed oil are part of the Oil & Fat Production in the UK industry.

Which companies have the highest market share in the Oil & Fat Production in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Archer Daniels Midland Co..

How competitive is the Oil & Fat Production in the UK industry in United Kingdom?

The level of competition is moderate and decreasing in the Oil & Fat Production in the UK industry in United Kingdom.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Industry operators process oils and manufacture crude and refined vegetable oils. They also manufacture non-edible animal oils and fats, extract fish oils and process the residual products of oil production.

Related Terms

RefiningCold PressingHydrogenation

What's included in this industry?

Palm oilRapeseed oilSunflower oilSoya bean oilOther

Companies

Archer Daniels Midland Co.AAK ABWilmar International Ltd

Industry Code

ISIC 2006

104 - Manufacture of vegetable and animal oils and fats in United Kingdom

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Oil & Fat Production in the UK industry?


Outlook

Analysis

What's driving the Oil & Fat Production in the UK industry outlook?


Volatility

Analysis

What influences volatility in the Oil & Fat Production in the UK industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Oil & Fat Production in the UK industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Palm oil's versatility is a massive selling point. It's used across various industries, from food to cosmetics, pumping up profits for oil and fat producers.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Oil & Fat Production in the UK industry's products and services performing?

Analysis

What are innovations in the Oil & Fat Production in the UK industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Oil & Fat Production in the UK industry?


International Trade

Highlights

  • Total Imports into United Kingdom
  • Total Exports into United Kingdom
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

There are many small and medium-sized oil and fat producers in Europe. The industry isn’t dominated by any large companies, fostering a competitive and varied market.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Oil & Fat Production in the UK located?

Companies

Data Tables

Top 4 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

A multifaceted regulatory framework governs oil and fat producers in Europe. Producers must adhere to EU food safety regulations, Renewable Energy Directives and competition rules, while adapting to evolving trends like sustainability initiatives and circular economy practices.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Oil & Fat Production in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Sustainable practices are boosting profit in oil and fat production. Companies are attracting more customers and saving costs by reducing waste and energy consumption via eco-friendly methods.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Oil & Fat Production in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.