Industry Background:
Upsurge in global production of fats and demand for alternatives and value-added ingredients across the food and beverages industry will help to boost global specialty fats market in the forecasted period. Significant growth in the global specialty fats market owing to increasing consumption of specialty fats in several industrial applications. Meanwhile, in the last few years, research in developing specialty fats has augmented considerably due to the increasing demand for value-added ingredients through the food and beverages industry.
According to AMA, the market for Specialty Fats is expected to register a CAGR of 8.5% during the forecast period to 2027. This growth is primarily driven by The Rising Awareness about the Benefits of Consumption of Good Fatty Acids and The Growing Consumer Preferences for Products That Are Natural In Origin.
Globally, a noticeable market trend is evident Increasing Demand for Chocolates all over the World
. The Food Products sector in the North America 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 Wilmar International Limited (Singapore), Cargill (United States), INTERCONTINENTAL SPECIALTY FATS SDN. BHD., IOI Loders Croklaan (Malaysia), Bunge Limited (United States), Olenex (Switzerland), Liberty Oil Mills Ltd. (India), Puratos Group NV (Belgium), IFFCO Group (United Arab Emirates) and Fuji Oil USA (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:
On 1st July 2019, Cargill, Inc. has filed a patent covering its process for manufacturing heat-stable canola oil that contains just 3.5-5% total saturated fatty acid.
On 22nd February 2018, Cargill has announced an ongoing partnership with Precision BioSciences to advance its program in healthy canola oils with the lowest saturate levels on the market enabled by Precision’s product-ready ARCUS® genome editing platform
Market Drivers
- The Rising Awareness about the Benefits of Consumption of Good Fatty Acids
- The Growing Consumer Preferences for Products That Are Natural In Origin
Market Trend
- Increasing Demand for Chocolates all over the World
- Customers Are Started Following Strict Health Norms In Order To Enhance the Quality Of Their Life
- Growing Popularity Of Dark Chocolate
Restraints
- Decreasing Demand for Coconut Oil
- Rising Challenges for Growing Better Quality Cocoa Crop
Opportunities
Enhanced Demand for Processed Food Products and The Rapid Expansion of Applications of Specialty Fats
Challenges
Rising Health Concerns Related To Excessive Consumption of Fats and Uncertain Weather Conditions and Political Instability
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, Specialty Fats Study Sheds Light on
The Specialty Fats Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Specialty Fats industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Specialty Fats 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.