Specialty Fats Market Application Analysis, Regional Outlook, Updated Manufactures, Business Opportunity And Global Forecast 2026
Specialty Fats Market Application Analysis, Regional Outlook, Updated Manufactures, Business Opportunity And Global Forecast 2026
Published by news degree
Posted on August 4, 2021
According to the current analysis of Reports and Data, the global Specialty Fats market was valued at USD 2.30 Billion in 2018 and is expected to reach USD 4.63 Billion by year 2026, growing at a CAGR of 9.1%. The global Specialty Oils market was valued at USD 15.33 Billion in 2018 and is expected to reach USD 24.63 Billion by year 2026, at a CAGR of 6.1%.
Specialty fats and oils have witnessed a huge demand growth due to their readily useful properties such as the ability to provide viscosity for filling, coating and moulding purposes in various applications of food industry. While these products help as useful substitutes of cocoa butter and as dairy fat replacer, specialty oils find application in cooking and processing purposes. The market is very well developed in Asia Pacific due to the huge demand for cooking oil and processed foods. Globally, the market is also getting a boost from the growth in the confectionery and dairy segments respectively.
The benefits of specialty lipids have surpassed owing to their wide scale application as coating agents, cocoa butter substitute, ice cream fats among others. They impart a creamy texture and enhance the flavour of the final processed food products. They enable manufacturer to create quality baked products such as Danish puff pastry, croissant, viennoiseries among others. These products impart bloom-stable properties to chocolates, emulsifying properties, and viscosity to other processed products. These products are majorly preferred than their substitutes mainly due to the associated health benefits. These products also have applications in the manufacturing of personal care products.
By oil type, the palm oil segment holds the largest share in the global market. Despite the huge market share, there are rising concerns about environmental degradation due to palm oil production, in the form of greenhouse gas emissions. This factor is expected to hinder the market growth during the forecast period.
Soybean oil holds the second largest share globally. It is one of the most extensively consumer cooking oils. Its processed counterpart is used for oil paints and printing inks.
Sunflower and olive oil are also expected to register a significant CAGR as these oils have many associated health benefits. While sunflower oil has ample usage in frying applications and cosmetic formulations, olive oil is registering an increasing demand on account of its health benefits.
By end use, the food and beverages segment hold the largest share in the global market. These products are used as ingredients in a vast variety of food applications.
These specialty lipids have an important role as a health additive and fat replacer in various foods. As food manufacturers are embracing healthy fats and oils, these products are witnessing an increased applicability in the food industry.
Coating and texturing are other important functionalities of these products. It is because of such capabilities that these specialty lipids also find ready application in the cosmetic care and other industrial segments.
For the purpose of this report, Reports and Data has segmented the market on the basis of type, form, functionality, application, end-user, and region:
Type (Revenue, USD Million; 2016–2026)
Specialty Fats
Cocoa Butter Substitutes
Lauric Fats
Creaming Fats
Creaming Fats
Anhydrous Milk Fats
Butter
Margarine
Shortenings
Others
Specialty Oils
Palm Oil
Soybean Oil
Coconut Oil
Cotton Seed Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Other Specialty Oils
Form (Revenue, USD Million; 2016–2026)
Dry
Liquid
Functionality (Revenue, USD Million; 2016–2026)
Molding
Filling
Coating
Stabilizing
Texturing
Health
Other Functions
Application (Revenue, USD Million; 2016–2026)
Chocolates & Confectioneries
Bakery Products
Processed Foods
Dairy Products
Other Applications
End Use (Revenue, USD Million; 2016–2026)
Industrial
Food and Beverages
Personal and Cosmetic Care
Others
Household Purposes
Regional Outlook (Revenue in USD Million; 2016–2026)
North America
US
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East and Africa
Latin America
Brazil
Key Features of the Specialty Fats Market Report:
The report offers a comprehensive analysis of the changing competitive dynamics.
Provides a futuristic outlook on the key market drivers and restraining factors.
A comprehensive 8-year forecast of the market and its expected growth rate and pattern.
In-depth analysis of the key product segments and application spectrum
Provides strategic recommendations to the established companies and new entrants to provide a competitive advantage over the other companies.
Comprehensive analysis of the key regions of the industry and provides a SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market.
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
According to the current analysis of Reports and Data, the global Specialty Fats market was valued at USD 2.30 Billion in 2018 and is expected to reach USD 4.63 Billion by year 2026, growing at a CAGR of 9.1%. The global Specialty Oils market was valued at USD 15.33 Billion in 2018 and is expected to reach USD 24.63 Billion by year 2026, at a CAGR of 6.1%.
Specialty fats and oils have witnessed a huge demand growth due to their readily useful properties such as the ability to provide viscosity for filling, coating and moulding purposes in various applications of food industry. While these products help as useful substitutes of cocoa butter and as dairy fat replacer, specialty oils find application in cooking and processing purposes. The market is very well developed in Asia Pacific due to the huge demand for cooking oil and processed foods. Globally, the market is also getting a boost from the growth in the confectionery and dairy segments respectively.
The benefits of specialty lipids have surpassed owing to their wide scale application as coating agents, cocoa butter substitute, ice cream fats among others. They impart a creamy texture and enhance the flavour of the final processed food products. They enable manufacturer to create quality baked products such as Danish puff pastry, croissant, viennoiseries among others. These products impart bloom-stable properties to chocolates, emulsifying properties, and viscosity to other processed products. These products are majorly preferred than their substitutes mainly due to the associated health benefits. These products also have applications in the manufacturing of personal care products.
By oil type, the palm oil segment holds the largest share in the global market. Despite the huge market share, there are rising concerns about environmental degradation due to palm oil production, in the form of greenhouse gas emissions. This factor is expected to hinder the market growth during the forecast period.
Soybean oil holds the second largest share globally. It is one of the most extensively consumer cooking oils. Its processed counterpart is used for oil paints and printing inks.
Sunflower and olive oil are also expected to register a significant CAGR as these oils have many associated health benefits. While sunflower oil has ample usage in frying applications and cosmetic formulations, olive oil is registering an increasing demand on account of its health benefits.
By end use, the food and beverages segment hold the largest share in the global market. These products are used as ingredients in a vast variety of food applications.
These specialty lipids have an important role as a health additive and fat replacer in various foods. As food manufacturers are embracing healthy fats and oils, these products are witnessing an increased applicability in the food industry.
Coating and texturing are other important functionalities of these products. It is because of such capabilities that these specialty lipids also find ready application in the cosmetic care and other industrial segments.
For the purpose of this report, Reports and Data has segmented the market on the basis of type, form, functionality, application, end-user, and region:
Type (Revenue, USD Million; 2016–2026)
Specialty Fats
Cocoa Butter Substitutes
Lauric Fats
Creaming Fats
Creaming Fats
Anhydrous Milk Fats
Butter
Margarine
Shortenings
Others
Specialty Oils
Palm Oil
Soybean Oil
Coconut Oil
Cotton Seed Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Other Specialty Oils
Form (Revenue, USD Million; 2016–2026)
Dry
Liquid
Functionality (Revenue, USD Million; 2016–2026)
Molding
Filling
Coating
Stabilizing
Texturing
Health
Other Functions
Application (Revenue, USD Million; 2016–2026)
Chocolates & Confectioneries
Bakery Products
Processed Foods
Dairy Products
Other Applications
End Use (Revenue, USD Million; 2016–2026)
Industrial
Food and Beverages
Personal and Cosmetic Care
Others
Household Purposes
Regional Outlook (Revenue in USD Million; 2016–2026)
North America
US
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East and Africa
Latin America
Brazil
Key Features of the Specialty Fats Market Report:
The report offers a comprehensive analysis of the changing competitive dynamics.
Provides a futuristic outlook on the key market drivers and restraining factors.
A comprehensive 8-year forecast of the market and its expected growth rate and pattern.
In-depth analysis of the key product segments and application spectrum
Provides strategic recommendations to the established companies and new entrants to provide a competitive advantage over the other companies.
Comprehensive analysis of the key regions of the industry and provides a SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market.
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.
Explore Reports and Data’s Prime Analysis of the global FMCG Industry:
Dairy Whiteners Market Size, Share & Analysis, By Application, By Type and By Region Forecast To 2027
Konjac Market Size, Share & Analysis, By Type, By Application, And By Region Forecast To 2028
Maple Water Market Size, Share & Analysis, By Type, By Application and By Region, Global Forecast To 2028
Champagne Market Size, Share & Trends, By Product and By Application Forecasts To 2027
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.