(Food-Beverage-News.Com, June 14, 2018 ) Global Specialty Fats and Oils Market Research Report provides an in-depth analysis of the major Specialty Fats and Oils industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Specialty Fats and Oils industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information
The global Specialty Fats and Oils market was valued at USD 4.23 Billion in 2018, and is projected to reach USD 7.26 Billion by 2025, growing at a CAGR of 14. 8%.
One of the driving factors for the increasing use of specialty fats is their enhanced rheological properties such as viscosity, which facilitates efficient production of confectionery products. Thus, specialty fats & oils contribute significantly to the overall acceptance of confectionery products, which has led to their increased popularity in chocolate & confectionery products. Owing to the wide functionalities of specialty fats & oils in chocolates & confectioneries, this segment is projected to growth at the highest CAGR.
The wide functionality and even wider application spectrum of specialty fats & oils are expected to act as a prime driver of the market. Specialty fats and oils find a diverse array of niche applications. The rising awareness about the benefits of consumption of good fatty acids and the growing consumer preferences for products that are natural in origin is providing the overall boost to the market. Moreover, the constrained supply of cocoa butter and increasing demand for chocolates world over are expected to provide further fillip to the market.
The global specialty fats & oils market is segmented based on type, application and geography. The market is segmented by type into specialty oils and specialty fats. The palm kernel oil belonging to the former category is witnessing higher usage in bakery and confectionery industries. Moreover, the increasing demands for chocolate products globally have made the cocoa butter equivalents (CBEs) as one of the fastest growing segment of the market. Cocoa butter equivalents (CBEs) have been known to achieve desirable blending without altering the melting, rheological, and processing characteristics of the final products. They are now increasingly employed in chocolates and compound coatings to enhance the flavor of ingredients.
The major manufacturers covered in this report
AAK
Cargill
Mewah International
Wilmar International
Bunge Limited
IoI Group
International Foodstuff Company
Musim Mas
Fuji Oil
The Nisshin Oillio Group
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Dry
Liquid
By Application, the market can be split into
Chocolates and Confectioneries
Bakery Products
Processed Foods
Dairy Products
Others (cosmetic products, ointments, etc.)
The study provides a detailed view of the Specialty Fats and Oils Market, by segmenting it based on by types, key players, by end-user, by application and regional demand. These segments are further subdivided into smaller categories, which are further explained in detail in the report. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The segmentation also includes by types, by key players and application in all regions. These include different business strategies adopted by the leading players and their recent developments.
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