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Market research analysts at Technavio predict that the global fat replacers market will grow steadily during the next four years at a CAGR of more than 6% by 2021. The rising demand for low-calorie and low-fat diet is identified as one of the primary growth factors for this market. Low-calorie foods usually contribute fewer calories than a body's daily requirement. These foods are used in weight management programs and diet plans of people suffering from diseases like cancer, diabetes, obesity, and heart conditions. The focus on healthy living and food consumption drive successful weight management. The weight management process involves the focus to lower the calorie count in food consumption. This has resulted in an increase in the sales of low-calorie foods that have fat replacers and low sugar content.
In terms of geographic locations, the Americas will be the major revenue contributor to the market throughout the forecast period. The increasing utilization of fat replacers for texture enhancement, stabilization, and emulsification in baked goods and confectioneries drive the growth of the market in the region. Moreover, the increased consumption of low-fat and low-calorie foods in the US also increases the demand for fat replacers in the Americas.
The manufacturers in the fat replacers market are mostly based in the North American region and are planning to expand their businesses by acquiring regional players in the other markets. New product innovations have fuelled the market growth. There is a rise in investments towards R&D activities to improve technologies that can offer better and healthy foods to consumers.
The leading vendors in the market are -
The other prominent vendors in the market are CP Kelco, GPC, Avebe, BENEO, INGREDION, The Dow Chemical Company, Royal DSM, DuPont, Ulrick & Short, and Tate & Lyle.
During 2016, the carbohydrate-based fat replacers segment accounted for the major shares of the fat replacers market. The increased usage of fat replacers in dairy products, desserts, processed meat, baked foods, salads, and sauces will contribute to the growth of this industry segment in the coming years.
According to this market research report, the baking and confectionery segment accounted for the maximum share of the fat replacers market during 2016. This segment will retain its market dominance during the forecast period as well due to the use of fat replacers in bakery goods such as cake mixes, brownies, cookies, and icings.
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This impending industry research report on the global fat replacers market offers insights into the key trends and emerging drivers influencing the growth of the food and beverage industry. Our market research reports for the food industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like the food sector.
By considering the market forecast and size, surging demand for various foods, the market research analysts at Technavio offer an extensive insights into the fat replacers market for the estimated period of 2017 to 2021. Furthermore, our research practices help clients devise effective growth strategies and keep pace with the continually changing market scenario. This market research also offers a detailed analysis of various food markets based on the inference of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the fat replacers market also covers players like Cargill Incorporated, Archer Daniels Midland Company, FMC Corporation, Ashland Global Holdings Inc., Kerry Group PLC., DKS Co Ltd., and Agritech Worldwide Inc.
This upcoming industry report on the fat replacers market also considers the growth of the related food markets such as the organic essential oils market, which is expected to grow at a CAGR of more than 11% during the forecasted period. According to our market research analysts, the growing popularity of the food and beverage industry in the BRICS countries is anticipated to influence the global market.
The upcoming industry research report for fat replacers market also categorizes the key drivers, major trends, as well as the imminent challenges that the food sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the food and beverage industry. Technavio also provides detailed market assessments into the sectors such as alcoholic beverages and non-alcoholic beverages.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Competitor Analysis
PART 14: Appendix
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