2014-03-31 06:33:01 - Oil & Fat Production in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The Oil and Fat Production industry has produced a mixed performance during the five years through 2013-14. Revenue shrank after the financial crisis as the global price of oilseed collapsed and the recession hit domestic demand in downstream markets. Rapeseed oil is the dominant product but imports of sunflower and olive oil present a clear threat to the domestic industry.
IBISWorld expects industry revenue to increase at a compound annual rate of 1.2% over the five years through 2013-14 and reach Â£1.1 billion. Revenue is projected to grow by 2.9% during the current year.
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