Global Specialty Fats And Oils Market Overview
Fats and oils are composed of molecules known as triglycerides, which are esters composed of three fatty acid units linked to glycerol. An increase in the percentage of shorter-chain fatty acids and/or unsaturated fatty acids lowers the melting point of a fat or oil. Pure fats and oils are colorless, odorless, and tasteless. The characteristic colors, odors, and flavors that we associate with some of them are imparted by foreign substances that are lipid soluble and have been absorbed by these lipids. Vegetable oils and coking fats are inexpensive and people are switching from butter to oils, these factors are driving the global specialty fats and oils market. The global specialty fats and oils market accounted for US$ 13.5 billion in 2020 and is estimated to be US$ 26.0 billion by 2029 and is anticipated to register a CAGR of 7.5%.
COVID-19 Impact on the Market:
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. However, the demands increased most of the people are stocking up these products which has been beneficial for the market. This report will quantify the impact of this pandemic on the specialty fats and oils market.
Global Specialty Fats And Oils Market Dynamics
Cocoa beans are among the key ingredients being used in the production of chocolate. With the rising demand for cocoa as an ingredient on the one hand, and a decline in the production rate on the other, specialty fats offer an alternative solution. Specialty fats such as cocoa butter equivalents, cocoa butter replacers possess a similar set of characteristics as that of cocoa. Moreover, specialty fats are less expensive than cocoa butter. These factors are driving the global specialty fats and oil market.
Restraint:
Excessive consumption of hydrogenated fats & oils increases the level of LDLs (low-density lipoproteins) and decreases the level of HDLs (high-density lipoproteins) in the blood, thereby increasing the risk of the thrombosis. This is because the PUFA in vegetable oils oxidize automatically during food processing, resulting in the production of inflammatory peroxides and hydroperoxides. Thus, awareness about the negative health effects of the inclusion of trans-fatty acids is restraining the global specialty fats and oil market.
Global Specialty Fats And Oils Market Segmentation
The global specialty fats and oils market is segmented based on the product, application, form, end-user, and region.
Depending upon the product, the global specialty fats and oils market is categorized into the specialty oil and specialty fats. In terms of application, the worldwide industry is categorized into household, restaurant, industrial and others. Based on the form, the target market is segmented into dry and liquid. Based on the end-user, the target market is segmented into chocolate, confectionaries, bakery, infant food, culinary, functional fats and others.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.North America Dominates specialty fats and oils market in terms of revenue as compared to other regions. The region includes highly developed countries such as the US and Canada, with high-income populations and is continuously dominating as the fast-food sector is a growing sector in the region. Hence, industrial food producers are focusing on developing not just quality but healthy food products in the country.
Report Scope:
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast period |
2019 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
|
Market Segmentation |
By Product - Specialty Oil and Specialty Fats By Application - Household, Restaurant, Industrial and Others By Form - Dry and Liquid By End-User - Chocolate, Confectionaries, Bakery, Infant Food, Culinary, Functional Fats, and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global specialty fats and oils market report based on product, application, form, end-user, and region.
Global Specialty Fats and Oils Market, By Product:
- Specialty Oil
- Specialty Fats
Global Specialty Fats and Oils Market, By Application:
- Household
- Restaurant
- Industrial
- Others
Global Specialty Fats and Oils Market, By Form:
- Dry
- Liquid
Global Specialty Fats and Oils Market, By End-user:
- Chocolate
- Confectionaries
- Bakery
- Infant Food
- Culinary
-
Global Specialty Fats and Oils Market, By Region:
- North America
- U.S.
- Canada
- Europe
-
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Germany
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
-
-
-
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
-
Global Specialty Fats And Oils Market Key Players
The key players operating in the global specialty fats and oils market includes AAK AB, IOI Group, D&L Industries, Wilmar International, Mewah International, Cargill, Bunge, Manildra, Musim Mas, IFFCO. Companies are increasing their investments in R&D to expand its product portfolio and market presence. For instance, in December 2019, Cargill and nine other prominent palm oil producers—Bunge Limited, Golden Agri Resources, Musim Mas, Unilever, Wilmar, Nestlé, PepsiCo, Sime Darby Plantation, and Mondelez International—announced a collaboration to support and fund new radar-based forest monitoring systems, which would not only help detect deforestation but also help companies improve sustainability in commodity supply chains. Further, in February 2019, AAK acquired Dutch company, MaasRefinery B.V, a major oilseeds refinery, to increase its production capacity, and support existing production facilities and enable continued growth.
Global Specialty Fats And Oils Market Company Profile
- AAK AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- IOI Group
- D&L Industries
- Wilmar International
- Mewah International
- Cargill
- Bunge
- Manildra
- Musim Mas
- IFFCO
“*” marked represents similar segmentation in other categories in the respective section
Global Specialty Fats And Oils Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Specialty Fats and Oils Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Form
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Specialty Fats and Oils Market, By Product, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Specialty Oil
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Specialty Fats
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Specialty Fats and Oils Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Household
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Restaurant
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Specialty Fats and Oils Market, By Form, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Dry
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Liquid
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Specialty Fats and Oils Market, By End-user, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Chocolate
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Confectionaries
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Bakery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Infant Food
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Specialty Fats and Oils Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Form, 2019 – 2029
- Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- AAK AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- IOI Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- D&L Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Wilmar International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Mewah International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Cargill
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Bunge
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Manildra
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Musim Mas
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- IFFCO
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
Global Specialty Fats And Oils Market Highlights
FAQs
The Specialty Fats and Oils Market report segments based on the basis of product, application, form, end-user, and region.
Growth of the overall pharmaceutical membrane filtration technologies market.
North America dominates the Specialty Fats And Oils Market in terms of revenue as compared to other regions.
The leading players operating in the Specialty Fats and Oils Market include AAK AB, IOI Group, D&L Industries, Wilmar International, Mewah International, Cargill, Bunge, Manildra, Musim Mas, IFFCO.