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Who owns the European vegetable oil market?

The European vegetable oil market is fragmented yet competitive, with a significant share held by the leading player such as Bunge Limited, taking up the maximum market share in the vegetable oil market in Europe.

How is the European vegetable oil market segmented?

The European vegetable oil market is segmented by type, application, and geography. Based on type, the market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and other types. Based on the application, the market studied is segmented into food, feed, and industrial.

How big is the European vegetable oil market?

The Europe Vegetable Oil Market is expected to reach USD 31.68 billion in 2023 and grow at a CAGR of 4.13% to reach USD 38.79 billion by 2028. Olam International Limited, Archer Daniels Midland Company, Fuji Oil Holding Inc., Bunge Limited, Cargill, Incorporated are the major companies.

How does the European Union use vegetable oil in biofuels?

The European Union¡¯s consumption of vegetable oil in biofuel is largely driven by the Renewable Energy Directive (RED). This directive, established in 2009, requires 10% of the energy consumption in road and rail transport to be from renewable sources.