Market for specialty fats and oils is expanding as demand for healthy food increases, TMR . assessment notes

  • The market value of specialty fats and oils is expected to increase $23.7 billion USD by 2031
  • Increasing awareness among people about the advantages of consuming healthy fat-free fats promotes market growth

Albany, New YorkAnd the June 21 2022 /PRNewswire/ — The global specialty fats and oils market is estimated to be growing at a compound annual growth rate of 5.9% during the forecast period from 2022 to 2031, according to a review by Transparency Market Research (TMR). The study sheds light on various aspects affecting the growth trajectory of the market. Moreover, it also shares insights on the impact of COVID-19 on the global Specialty Fats and Oils market.

Applications of specialty fats and oils are increasing in bakery, chocolate, confectionery, diary, processed food, baby food products, and beauty products. This factor has led to revenue generation opportunities in the global Specialty Fats and Oils market.

The world’s leading specialty fats and oils manufacturers are increasing investments in product innovation. Furthermore, they focus on developing healthy products that meet regulatory guidelines. Besides, many companies are expanding their business into new territories by implementing various strategies including acquisitions. These efforts are predicted to aid in the rapid growth of the global Specialty Fats and Oils market during the forecast period.

The specialty fats and oils market is expected to gain significant sales opportunities in The Middle East & Africa And the Asia Pacific During the forecast period due to the increased consumption of specialized fats and margarine in many countries such as IndiaAnd the Chinaand some parts The Middle East & Africa. Moreover, the increase in product application in diversified food industry segments including confectionery, bakery, food processing, dairy, and cosmetics is fueling the growth of the regional market.

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Specialty Fats and Oils Market: Key Findings

  • Due to an increased understanding of the importance of a healthy lifestyle, people all over the world are becoming more aware of the food they eat. Hence, they are increasingly inclined towards consuming various healthy food products including nuts, seeds, omega-3 fish and avocados as part of a balanced diet, according to country analysts for the TMR Report on Specialty Fats and Oils Market. Besides, various types of diets including paleo and keto are growing in popularity globally, which in turn is leading to an increased awareness of the health benefits of consuming healthy, lean fats on a regular basis. These factors are driving sales growth in the specialty fats and oils market.
  • Given the growing trend of consuming high fat diets, major companies operating in the food industry are focusing on developing products according to the needs of the end users. As a result, the demand for specialty fats and oils has been increasing in recent years. Moreover, the market is driven by the high demand for products from the chocolate and confectionery industry. Hence, the global market size for specialty fats and oils is forecast to arrive at a valuation of more than $23.7 billion USD by 2031.

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Specialty Fats and Oils Market: Growth Enhancers

  • Rising health concerns among the global population are expected to drive sales growth in the specialty fats and oils market during the forecast period
  • An increase in demand for healthy food options, especially those with unique flavor and nutritional benefits, is boosting the global market for specialty fats and oils.

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Specialty Fats and Oils Market: Major Players

Some of the key players mentioned in the report are:

  • Cargill, Incorporated
  • ake dad
  • Fuji Oil Co., Ltd.
  • D&L Industries
  • luxury set
  • IOI Loders Croklaan
  • diamond season
  • Home Office International Pte Ltd
  • Wilmar International

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Specialty Fats and Oils Market Segmentation

Product Type

  • Specialized oils
    • corn oil
    • Sun flower oil
    • Soy oil
    • Palm oil
    • cottonseed oil
    • Coconut Oil
    • rapeseed oil
  • specialized fats
    • Cocoa butter substitute
    • What is the equivalent of cocoa butter?
    • Cocoa Butter Alternatives
    • Synthetic Cocoa Butter Fat
    • Human milk fat substitute
    • Butter oil substitute

Request

  • Chocolates and sweets
  • bakery
  • Processed Food
  • Diary
  • makeup
  • baby food

Form

Covered areas

  • North Amarica
  • Europe
  • Asia Pacific
  • The Middle East & Africa
  • South america

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