The market is dominated by foreign suppliers, as imports account for 67.5% of total market size in 2023. Households drive market demand, with household spending representing 77.2% of total demand in 2023. The UK has the eighth largest market size for vegetable and animal oils and fats regionally, with demand reaching USD5.4 billion in 2023. KTC (Edibles) Ltd is the largest company in the UK, generating 29.5% of the industry’s total production value in 2023. The industry is concentrated, with the top four companies generating 54.6% of total production value in 2023. The total number of companies decreases in 2023, to 235 units. The costs of the industry increase by 6.3% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.1% of production value in 2023, the fourth highest regionally. The industry’s exports share decreases in 2023 to 32.1% of total production output. With production value of USD1.7 billion, the UK accounts for 2.3% of the Western Europe total in 2023.
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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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