According to a new market report published by Lucintel, the future of the specialty fat and oil market looks promising with opportunities in confectionary, bakery, processed food, dairy, cosmetics, and baby food applications. The global specialty fat and oil market is expected to grow with a CAGR of 9% from 2020 to 2025. The major drivers for this market are growing consumption of confectionery and processed foods, disposable income, and increasing gap between cocoa butter demand and supply
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Specialty fats are the kind of vegetable fats used as substitutes for conventional fats, while specialty oils are the class of oils that find application in food supplements. Specialty oils are derived from sources, such as palm, coconuts, soybeans, sunflower, rapeseeds, and other sources, such as peanuts and olive oil. In this market, confectionary, bakery, processed food, dairy, cosmetics, and baby food are the major applications. Lucintel forecasts that baby food will remain the largest application segment over the forecast period due to rising focus on the emerging trend of feeding infants with infant formulas and infant food lipids.
Asia Pacific will remain the largest region over the forecast period due to increasing food consumption, rising disposable income, rapid growth of the middle-class population, and growing consumer demand for processed products.
Cargill, Wilmar International, Bunge, AAK , IOI Group, International Foodstuff Company, Mewah International, Musim Mas, Fuji Oil, and The Nisshin Oillio Group are among the major suppliers in the global specialty fat and oil market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty fat and oil market by product type, application, form, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Specialty Fat and Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global specialty fat and oil market by product type, application, form, and region as follows:
By Product Type [$M shipment analysis for 2014 - 2025]:
Specialty Oils
Specialty Fats
By Application [$M shipment analysis for 2014 - 2025]:
Chocolate and Confectionary
Bakery
Processed Food
Dairy
Cosmetics
Baby Food
Others
By Form [$M shipment analysis for 2014 - 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.