Global Specialty Fats Market 2017-2021

Overview of the global specialty fats market

Technavio's market study identifies the growing demand for specialty fats in ice creams to be one of the primary growth factors for the specialty fats market. Extensive availability of different ice cream varieties such as low sugar and low calorie is influencing the usage of dairy replacer fats. Specialty fats used in these products improve the nutritional profile by reducing the content of saturated fat. Moreover, these specialty fats are made using vegetable oils that reduce the saturated fat content. Usage of specialty fats includes enhanced features such as improved texture, heat resistance, mouthfeel and the balance of saturated and poly-unsaturated fats, that lowers the cholesterol content. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 9% by 2021.

The increased demand for healthy fats and oils as an ingredient have led the bakery and confectionary manufacturers to look for alternatives to integrate into their products. This is resulting in increased investments in the production facilities and rise in imports and exports of raw materials to produce specialty fats. For instance, a major manufacturer expanded its manufacturing facility in Canada to cater to the growing demands of specialty fats in the confectionery and bakery food products. The increasing investments in specialty fats is identified to be one of the key trends contributing towards the growth of the specialty fats market.

Competitive landscape and key vendors

The specialty fats market is moderately populated owing to the presence of several international and regional players offering wide range of specialty fats for different applications. Specialty fat vendors are expanding and diversifying their production facilities to potential markets to fulfill the growing demand for these specialty ingredients. Several vendors are adopting M&A activities to expand their geographical presence and market operations in the fats and oils market.

The leading vendors in the market are

• Bunge
• Cargill
• IFFCO
• IOI Loders Croklaan
• Wilmar International

The other prominent vendors in the market are AAK, BMB Margarine, FUJI OIL HOLDINGS, INTERCONTINENTAL SPECIALTY FATS, Mewah Group, Musim Mas Holdings, Olenex, Pranav Agro Industries, and Premium Vegetable Oils.

Segmentation by application and analysis of the specialty fats market

• Bakery productss
• Confectionery
• Dairy products

The growing use of specialty fats in confectionary products is influenced by factors such as growing consumption of chocolate confectionery products, growing popularity of premium chocolates, and the fluctuating prices of cocoa due to the volatile production cost. The specialty fat made from the trans-free palm and palm kernel fractions provides a creamy, caramel texture to confectionery products such as fillings of cookies and fillings with high nut content.

Geographical segmentation and analysis of the specialty fats market

• Americas
• APAC
• EMEA

In APAC, regions such as China, India, and Australia use these specialty fats in the bakery and confectionary industries influenced by the demand for healthy snacks and confectionary. The bakery and confectionary manufacturers in this region are increasingly infusing specialty fats in their products. The increased preference for low-fat and trans-free food products contributes towards the growth of the specialty fats and oils market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global specialty fats market?
• What are the key market trends impacting the growth of the global specialty fats market?
• What are the challenges to market growth?
• Who are the key vendors in the global specialty fats market?
• What are the market opportunities and threats faced by the vendors in the global specialty fats market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global specialty fats market?

Technavio also offers customization on reports based on specific client requirement.

Specialty fats belong to a unique category of fats and are used as substitutes for other types of fats such as cocoa butter, milk fat, butter, etc. Our market research reports for the food and beverage industry follow a thorough data collection methodology and offer an analysis of fast growing market segments like food products. This upcoming industry research report on the global specialty fats market offers insights into the key trends and emerging drivers influencing the growth of the food industry.

This upcoming market research report on the global specialty fats market also covers vendors like International Foodstuff Company Holdings Limited (Iffco), IOI Group AAK AB, Bunge Limited, Olenex, Cargill, and Wilmar International Limited. By considering the market forecast and size, surging demand for various food products, the market research professionals at Technavio offer a clear picture of the global specialty fats market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop effective growth strategies and keep pace with the constantly changing market landscape. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

To offer clients the scope to classify potential market prospects and expand in niche markets, this report on the global specialty fats market also covers geographies like the Americas, APAC, and EMEA. This upcoming industry report on the global specialty fats market also considers the growth of the similar markets such as the commercial meat processing equipment, which is expected to grow at a CAGR of more than 7% during the forecasted period. According to our market specialists, increasing demand of cocoa butter alternative fats and rising demand of specialty fats in ice creams may influence the demand for specialty fats in the coming years.

The upcoming market research report on the global specialty fats market also identifies the key drivers, major trends, as well as the restraints that the food sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the food and beverages industry. Technavio also provides deep-dive market assessments into the sectors such as non-alcoholic and food service.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.