Industry Background:
Vegetable fat is those type of fat which originates from plant-based sources. Various benefits of vegetable fat in food industry such as improves cholesterol level helps in improving metabolism, promote cell growth, decrease in risk for heart disease, among others. Rising population in developing countries such as China & India and growing disposal income among middle-class families are likely to be a major driver for the global vegetable fat market over the forecast period.
According to AMA, the market for Vegetable Fat is expected to register a CAGR of 3.3% during the forecast period to 2027. This growth is primarily driven by Rising Disposal Income among Middle-Class Families and Increasing Demand for Various Food Products and Increasing Usage of Vegetable Oil in Various Application such as Bakery, Confectionery, among others.
Globally, a noticeable market trend is evident Changing Consumer Preference regarding Food Habit and Rising Demand for High-Quality Oils & Fats. The Food Products sector in the Asia-Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Crisco (United States), Bunge Limited (United States), The Archer Daniels Midland (United States), Cargill (United States), Olenex (Switzerland), Zeelandia (India), The J.M. Smucker Company (United States), Wilmar International Ltd. (Singapore), Unilever Group (United Kingdom) and ConAgra Foods, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018, the Archer Daniels Midland (United States) Company has agreed to acquire the Probiotics International (United Kingdom), which manufactures vegetable fat products. Therefore, this acquisition will strengthen the company presence in the vegetable fat industry across the globe.
Market Drivers
- Rising Disposal Income among Middle-Class Families and Increasing Demand for Various Food Products
- Increasing Usage of Vegetable Oil in Various Application such as Bakery, Confectionery, among others
Market Trend
- Changing Consumer Preference regarding Food Habit and Rising Demand for High-Quality Oils & Fats
Restraints
- Stringent Regulation regarding Ingredient for Manufactures Vegetable Fat Product
Opportunities
Growing Demand from Emerging Market such as China, India, Brazil, Philippines, among others
Challenges
Issue related to Side-Effects as well as Allergies of Vegetable Oil
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vegetable Fat Study Sheds Light on
The Vegetable Fat Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vegetable Fat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vegetable Fat industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.