Global Normal and Specialty Fats Market, By Type (Cocoa Butter Equivalent, Cocoa Butter Replacer, Cocoa Butter Substitute, Filling Fats, Milk-Fat Replacers, Spread Fat, Frying Fats, Margarine, Shortenings, Butter and Others), Application (Bakery, Confectionery, Convenience Food, Dairy and others), Distribution Channel (B2B and B2C), End-Use (Household, Commercial and Industrial) – Industry Trends and Forecast to 2029.
Normal and Specialty Fats Market Analysis and Size
Rising consumer health concerns around the world are expected to have a significant impact on the regular and specialty fats market. One of the key factors driving the global specialty and normal fats market is an increase in the consumption of healthier varieties of food, particularly those with a specific flavour and dietary benefits.
Data Bridge Market Research analyses that the normal and specialty fats market was valued at 36.70 billion in 2021 is expected to reach the value of USD 94.16 billion by 2029, at aw CAGR of 12.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Normal and Specialty Fats Market Scope and 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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Type (Cocoa Butter Equivalent, Cocoa Butter Replacer, Cocoa Butter Substitute, Filling Fats, Milk-Fat Replacers, Spread Fat, Frying Fats, Margarine, Shortenings, Butter and Others), Application (Bakery, Confectionery, Convenience Food, Dairy and others), Distribution Channel (B2B and B2C), End-Use (Household, Commercial and Industrial)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Cargill, Incorporated (U.S.), Wilmar International (Singapore), Bunge Limited (U.S.), AAK AB (Sweden), Mehwah International (Singapore), IOI Loders Croklaan (Malaysia), Manildra (Australia), D&L Industries Inc (Philippines), FUJI OIL CO LTD (Japan), Musim Mas (Singapore), Saputo Inc. (Canada), Organic Valley (U.S.), Fonterra Co-operative Group Limited (New Zealand)
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Opportunities
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Market Definition
Monounsaturated and polyunsaturated fats are good or normal fats because they benefit your heart, cholesterol, and overall health. Specialty fats replace or substitute cocoa butter and butter fat in confectionery and dairy products.
Global Normal and Specialty Fats Market Dynamics
Drivers
- Expansion of food processing industry is creating demand for normal and speciality fats
The rising demand for bakery and confectionery products, as well as rising consumption of specialty fats and the steady expansion of the food processing industry, are the primary factors expected to significantly impact the revenue growth of the global normal and specialty fats market over the next ten years.
- Growing uses in variety of industries especially in personal care
Normal and specialty fats are used in a variety of commercial and industrial applications, including the production of lubricants, soaps, and other cosmetics. Having said that, the increasing use of these types of fats in food formulations is another significant factor that is expected to influence the future revenue growth of the normal & specialty fats market.
Opportunities
Furthermore, rising awareness about healthy living and an increase in cases of obesity and high cholesterol have increased the likelihood of fat manufacturers developing alternative sources such as fat substitutes with fat properties and low calorie content, which will create growth opportunities for the normal and specialty fats markets during the forecast period.
Restraints
Regulations prohibiting the use of liquid oils directly on sweet products for icing will act as a barrier to growth in the normal and specialty fats markets during the forecast period.
This normal and specialty fats 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 normal and specialty fats market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Normal and Specialty Fats Market
As the virus spreads rapidly on a global scale, countries around the world are implementing preventative measures such as social isolation, contact tracing, self-quarantining, surveillance, communication, and testing. In response to the coronavirus crisis, the global market for specialty fats and oils has shifted, resulting in increased price uncertainty. According to top regional producers of vegetable oils, palm oil, the most produced type of oil on a global scale, has been impacted as demand has decreased globally, trade has been disrupted, and production has been harmed in Indonesia and Malaysia. During lockdowns, sales in the bakery and confectionery industries increased as consumers stocked up on these items.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Normal and Specialty Fats Market Scope
The normal and specialty fats market is segmented on the basis of type, application, distribution channel and end-use. 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.
Type
- Cocoa Butter Equivalent
- Cocoa Butter Replacer
- Cocoa Butter Substitute
- Filling Fats
- Milk-Fat Replacers
- Spread Fat
- Frying Fats
- Margarine
- Shortenings
- Butter and Others
Application
- Bakery
- Confectionery
- Convenience Food
- Dairy
- others
Distribution channel
- B2B
- B2C
End use
- Commercial
- Households
- Industrial
Normal and Specialty Fats Market Regional Analysis/Insights
The normal and specialty fats market is analysed and market size insights and trends are provided by country, product type, application, sales channel, usages, and end-user as referenced above.
The countries covered in the normal and specialty fats market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the normal and specialty fats market because it is the fastest growing region during the forecast period. As disposable income, purchasing power, and consumer demand for convenience foods rise.
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 Normal and Specialty Fats Market Share Analysis
The normal and specialty fats 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 normal and specialty fats market.
Some of the major players operating in the normal and specialty fats market are:
- Cargill, Incorporated (U.S.)
- Wilmar International (Singapore)
- Bunge Limited (U.S.)
- AAK AB (Sweden)
- Mehwah International (Singapore)
- IOI Loders Croklaan (Malaysia)
- Manildra (Australia)
- D&L Industries Inc (Philippines)
- FUJI OIL CO LTD (Japan)
- Musim Mas (Singapore)
- Saputo Inc. (Canada)
- Organic Valley (U.S.)
- Fonterra Co-operative Group Limited (New Zealand)
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