Specialty Fats & Oils Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - AKK, Bunge, Cargill, D&L Industries, Fuji Oil, IoI Group

The global Specialty Fats & Oils Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 10.5% during the review period (2022 to 2027)

Specialty Fats & Oils Market Overview

Specialty oils are a specific category of oils derived from sources such as palm, coconuts, soybean, sunflower, rapeseed, and other sources, including peanut and olive oil. The term “specialty oils” generally refers to oils other than commodity oils with special dietary or functional properties. Specialty fats & oils are intermediate products with distinct characteristics and superior functional assets as compared to traditional ones such as margarine and shortening. This superior trait is attributed to the modified crystal structure of fat molecules in them. The specialized structure allows for customized applications in a variety of food products. They were initially conceptualized to replace cocoa butter by imitating its organoleptic characteristics. These oils are commonly used in supplements, special culinary applications, and cosmetics. Specialty fats are a form of vegetable fat that is used to replace other types of fat goods in dietary supplements and stands out among commodity oils. Specialty fats and oils are used for moulding, extrusion, filling, and coating in a variety of applications. The growing gap between demand and supply of cocoa butter in the confectionery and chocolate industry is met by the production of specialty fats. Also, the rising awareness about the benefits of consumption of good fatty acids is a key driver for the growth of the specialty fats and oils market. The worldwide market has witnessed a strong demand for cocoa butter. Still, the lack of supply owing to the seasonal harvesting scenario has brought specialty fats & oils to the forefront. The ability of these fats to fulfill the targeted characteristics in products such as dairy, bakery, confectionery, and cosmetics is driving the market.

Industry News

In 2020, Bunge Loders Croklaan (BLC), announces the launch of Sweetolin; a patent-pending total fat system with solutions in confectionery coatings and fillings applications, enabling up to 50% sugar reduction in the final product.

In 2020,BASF Nutrition & Health Launched an omega-3 fatty acid product in Switzerland to help patients manage Non-Alcoholic Fatty Liver Disease (NAFLD), its first market in continental Europe for the product.

What are the major Applications, Types and Regions for Specialty Fats & Oils Market?

By Type, it is segmented into

• Specialty Fats


• Specialty Oils


• Others

By Applications it is segmented into

• Chocolates & Confectioneries


• Bakery Products


• Dairy Products


• Others

Specialty Fats & Oils Market Regional Analysis

The Asia Pacific is probable to remain a leading regional market for specialty fats and oils owing to the robust production scenario coupled with strong export potential emerging from western countries. The region has also witnessed high demand for such fats and oils in bakery, confectionery and dairy sectors. The consumers have also realized the potential health benefits of specialty fats and oils. There is a strong inclination towards such ingredients that are not only healthy but also retain the sensory characteristics of the food products in which they are used.

North America

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  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Specialty Fats & Oils Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Specialty Fats & Oils Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Specialty Fats & Oils Market Report Scope?

Key Takeaways from this Specialty Fats & Oils Report

• Evaluate Specialty Fats & Oils market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Specialty Fats & Oils market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Specialty Fats & Oils Market is studied from 2017 - 2027.

 What is the growth rate of Specialty Fats & Oils Market?

The Specialty Fats & Oils Market is growing at a CAGR of 10.5% over the next 5 years.

What regions does this Specialty Fats & Oils Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.