What is Exotic Fats?
Exotic fats are a type of fats that can be made from plant-based sources such as shea nuts, sal seeds, kokum kernel, mango kernel, etc. It is widely used in the cosmetics and food & beverages industry as a replacement for cocoa butter including cocoa butter equivalents and cocoa butter substitutes. The exotic Fats contain 50 to 60% of saturated fatty acids, stearic acid, and up to 47% of monounsaturated oleic acid. However, characteristics such as very sharp melting capacity of fats at 35-40 degree Celsius makes it extremely attractive as cosmetic ingredients.
The market study is broken down, by Application (Confectionary, Cosmetics, Food & Beverages, Pharmaceuticals and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a large number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Vendors from Indian will contribute to the maximum growth of Global Exotic Fats market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3F Industries (India), Raksam Ingredients (India), Manorama Industries (India), Fediol (Belgium), Wilmar International (Singapore) and PZ Cussons (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Exotic Fats market by Type, Application and Region.
On the basis of geography, the market of Exotic Fats has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Exotic Fats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Exotic Fats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Shea Nuts will boost the Exotic Fats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Growing Interest in Fatty Acids with Unusual Structural Features in Plant Oil
Market Drivers
- Low Production of Cocoa Beans and Growing Demand for Cocoa Butter Alternatives
Opportunities
- Increasing Demand for Exotic Fats in Cosmetic Industry
Restraints
- Allergies of Some Food Products or Cosmetics that Contains Exotic Fats
Challenges
- Less Adoption of Food Products That Consists Fat
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Exotic Fats Manufacturers, Suppliers and Distributors of Exotic Fats, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.