Global Fat Powder Market, By Source (Soybean Oil, Canola Oil, Coconut Oil, Palm Oil, Sunflower Oil), Product Type (High-Fat, Low-Fat), End-Use (Industrial, Food Service Provider, Retail), Sales Channel (B2B, B2C), Packaging Format (Pouches & Sachets, Carton Packs, Tins, Bulk Packaging), – Industry Trends and Forecast to 2029
Market Analysis and Size
Market players are focusing on introducing new application-specific product offerings to better address specific end-use industry requirements. Furthermore, market participants have been focusing their efforts on strengthening their distribution channels while focusing on direct sales of fat powders. Manufacturers are also working on developing fat powder with more protein and vegetable fat content that is more cost-effective.
Data Bridge Market Research analyses that the fat powder market was growing at a value of USD 2.11 billion in 2021 and is expected to reach the value of USD 3.14 billion by 2029, at a CAGR of 5.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Soybean Oil, Canola Oil, Coconut Oil, Palm Oil, Sunflower Oil), Product Type (High-Fat, Low-Fat), End-Use (Industrial, Food Service Provider, Retail), Sales Channel (B2B, B2C), Packaging Format (Pouches & Sachets, Carton Packs, Tins, Bulk Packaging)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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NutraDry (Australia), Batory Foods (U.S.), Kanegrade (U.K.), Paradise Fruits (Germany), Aarkay Food Products Ltd (India), FutureCeuticals (U.S.), NutriBotanica Institutional (Brazil), La Herbal (India), Saipro Biotech Private limited (India), International Flavors & Fragrances Inc (U.S.), Iprona SpA (Italy), Schilling Ltd (Malta), The Australian Superfood Co (Australia)
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Opportunities
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Market Definition
A fat powder is a fat-free healthy product that is used to improve creamier texture and fat distribution in mixes. Spray drying produces fat powder from a liquid or slurry by rapidly drying it with hot air. With spray drying machines and technology, different fat powders can be obtained with different fat bases - fat levels up to 80%.
Fat Powder Market Dynamics
Drivers
- Growing product expansions in retail channels
Because of the growing population's desire for convenience, fat powders are now available in supermarkets/hypermarkets. Supermarkets and hypermarkets have increased their market share as modern trade channels have taken center stage. This channel benefits from the variety of product options available under one roof.
- Shift in consumers eating habit and growing demand from food industries
Increased food and beverage manufacturing and the development of cold chain capacities to ensure food quality are expected to drive up demand for ingredients used in the production of finished food and beverage products. There has been a significant shift in consumer eating habits over the last few years. Increasing disposable income and higher living standards have increased in restaurant chains, confectioneries, bakeries, and others, resulting in a significant increase in demand for fat powders, which are used to improve fat distribution in different food mixes, enhance texture and mouthfeel of food products, and add creaminess, opacity, and adhesive properties to the products.
Opportunity
Manufacturers have been attempting to include more products in the fat powder line-up because people all over the world use it in various foods. Health benefits such as improved liver strength, hormonal balance, improved eye sight, and strength development are also driving the global fat powder market. Customers are more sensitive to genuine products and willing to pay higher prices. This raises the global demand for premium fat powders.
Restraints
However, the presence of harmful artificial preservatives in fat powder causes a variety of negative health effects, as well as the lack of nutritional content in chemically fermented fat powder, are expected to act as a restraint on the growth of the fat powder market, whereas the easy availability of many alternatives to fat powder, as well as growing health concerns related to added preservatives, are expected to challenge the growth of the fat powder market.
This fat powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fat powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fat Powder Market
In the last 18 months, almost every industry in the world has suffered a setback. This is because various precautionary lockdowns and other restrictions imposed by governments around the world have caused significant disruptions in their respective manufacturing and supply-chain operations. The same is true for the global fat powder market. Furthermore, consumer demand has decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of the majority of people has been severely impacted by this outbreak. These factors are expected to have an impact on the global fat powder market's revenue trajectory over the forecast period.
Global Fat Powder Market Scope
The fat powder market is segmented on the basis of source, product type, end-use, sales channel and packaging format. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Soybean Oil
- Canola Oil
- Coconut Oil
- Palm Oil
- Sunflower Oil
Product type
- High fat
- Low fat
End use
- Industrial
- Bakery & confectionery
- Infant formula
- Dairy products
- Beverages
- Nutrition bars
- Frozen desserts
- Cheese processing
- Soups & sauces
- Dressings & condiments
- Food Service Provider
- Retail
Sales channel
- B2B
- B2C
Packaging format
- Pouches and Sachets
- Carton Packs
- Tins
- Bulk Packaging
Fat Powder Market Regional Analysis/Insights
The fat powder market is analysed and market size insights and trends are provided by country, source, product type, end-use, sales channel and packaging format as referenced above.
The countries covered in the fat powder market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the fat powder market due to rising consumer demand as well as high product demand from restaurants and the food service industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fat Powder Market Share Analysis
The fat powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fat powder market.
Some of the major players operating in the fat powder market are:
- NutraDry (Australia)
- Batory Foods (U.S.)
- Kanegrade (U.K.)
- Paradise Fruits (Germany)
- Aarkay Food Products Ltd (India)
- FutureCeuticals (U.S.)
- NutriBotanica Institutional (Brazil)
- La Herbal (India)
- Saipro Biotech Private limited (India)
- International Flavors & Fragrances Inc (U.S.)
- Iprona SpA (Italy)
- Schilling Ltd (Malta)
- The Australian Superfood Co (Australia)
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