Slick moves: Rapeseed oil has increased in popularity as a healthy substitute to olive oil

Operators in the Oil and Fat Production industry process oils and manufacture crude and refined vegetable oils, also manufacturing non-edible animal oils and fats, extracting fish oils and processing the residual products of oil production. Industry performance is largely determined by the price of inputs and global demand conditions; high yields and low prices over the first half of the period resulted in falling revenue, however increasing palm oil prices and rapeseed oil prices over the second half of the period led to a recovery and revenue grew each year from 2016-17 onwards. Overall, revenue is estimated to increase at a compound annual rate of 1.5% over the five years through 2018-19...read more.

Industry Statistics & Market Size
Revenue
£1.1bn
Annual Growth 14-19
1.5%
Forecast Growth 19-24
Profit
Employment
1,314
Businesses
62

Industry Threats & Opportunities

  • The increasing popularity of rapeseed oil has been beneficial to industry operators
  • Many UK firms have made concerted efforts to cut their use of trans fats
  • Cold-pressed rapeseed oil is anticipated to account for an increasing share of the industry’s revenue
  • Industry Report - Industry Analysis Chapter

    The Oil and Fat Production industry performance has fluctuated in conjunction with oil prices over the past five-year period, with falling revenue over the first half of the period being followed by industry revenue growth over the second half. As the industry’s largest product segment is palm oil, accounting for approximately one quarter of industry revenue in the current year, the price of palm oil significantly affects the industry’s overall performance. Over the five years through 2018-19, industry revenue is expected to increase at a compound annual rate of 1.5% to £1.1 billion.The industry remains highly concentrated, and the four biggest players – Edible Oils Ltd, AAK (UK) Ltd, KTC (Edibles) Ltd and Cargill plc – are expected to account for 75.5% o...purchase to read more.

    Additional Insights for the Oil & Fat Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Fat Production Industry are

  • Economies of scale
  • Establishment of export markets
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Demand from bread and bakery goods production and Demand from supermarkets in the Oil & Fat Production industry impact industry performance..

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    What's in this report

    What is the Oil & Fat Production Industry?

    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. The industry does not cover rendering and refining lard and other edible animal fats, manufacturing margarine and corn oil or manufacturing essential oils.

    Industry Products
  • Rapeseed oil
  • Soya bean oil
  • Sunflower oil
  • Palm oil
  • Other vegetable oils
  • Oil cake
  • Industry Activities
  • Oilseed crushing
  • Extracting fat
  • Oil and fat refining
  • Oil deodorising, bleaching and hydrogenating
  • Processing and packaging oil and fat
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from bread and bakery goods production
  • Demand from supermarkets
  • Demand from takeaway and fast-food restaurants
  • Real household disposable income
  • Fuel prices

  • Current Performance
  • Industry trends
  • Cutting out trans fats
  • Vegetable oil prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Fresh off the presses
  • Sustainable palm oil
  • Changes to biodiesel production
  • Regulation
  • Table: Oil & Fat Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil & Fat Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Bread & Bakery Goods Production
  • Supermarkets
  • Takeaway & Fast-Food Restaurants

  • Key Selling Industries
  • Cereals, Leguminous Crops & Oilseed Growing

  • Products & Services
  • Palm oil
  • Oil cake
  • Rapeseed oil
  • Sunflower oil
  • Soya bean oil
  • Other vegetable oils
  • Other
  • Chart: Oil & Fat Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food manufacturers
  • Food-service operators
  • Retailers
  • Other manufacturers
  • Biodiesel producers
  • Chart: Major Market Segmentation for the Oil & Fat Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Fat Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil & Fat Production Industry

  • Industry Globalization
    Edible Oils Ltd, AAK (UK) Ltd, KTC (Edibles) Ltd, Cargill plc,
  • Table: Edible Oils Ltd - financial performance
  • Table: AAK (UK) Ltd - financial performance
  • Table: KTC (Edibles) Ltd - financial performance
  • Table: Cargill plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Oil & Fat Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oil & Fat Production Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biodiesel
  • A diesel fuel that uses vegetable oil or animal fat as a base.
  • Cold-Pressed Oil
  • Unlike commercial oil, which is extracted at a high heat using chemicals and solvents, cold-pressed oils are pressed from their source at a lower temperature.
  • Hydrogenation
  • The process of adding hydrogen to an unsaturated fat or oil to make it solid.
  • Tallow
  • A rendered form of beef or mutton fat.
  • Trans Fats
  • Unsaturated fat produced by the partial hydrogenation of vegetable oils and present in hardened vegetable oils, most margarines, commercial baked foods and many fried foods.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Oil & Fat Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil & Fat Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil & Fat Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil & Fat Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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