The market is dominated by foreign suppliers, as imports account for 73.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 54.7% of total demand in 2022. The UK has the eighth largest market size for vegetable and animal oils and fats regionally, with demand reaching USD7.4 billion in 2022. KTC (Edibles) Ltd is the largest company in the UK, generating 18.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 42.7% of total production value in 2022. The total number of companies increases in 2022, to 216 units. The costs of the industry decrease by 92.4% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 8.3% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 28.2% of total production output. With production value of USD1.4 billion, the UK accounts for 2.3% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Vegetable and Animal Oils and Fats in the United Kingdom: ISIC 1514. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Vegetable and Animal Oils and Fats in the United Kingdom: ISIC 1514 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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