Global Specialty Fats and Oils Market Outlook, Opportunity and Demand Analysis, Forecast 2019-2025

The latest report has been added to the wide database of Specialty Fats and Oils Market by Infinium Global Research. This report studies the Specialty Fats and Oils Market by type (specialty fats, oils), form (liquid, solid & semisolid), application (chocolate & confectionery, bakery, dairy, frying/cooking retail consumption, cosmetics, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Specialty Fats and Oils Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Specialty Fats and Oils Market.

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Specialty Fats and Oils Market: Industry Insight

Specialty fats and oils are crucial ingredients in all bakery and patisserie products. Specialty fats add market value to dairy and baked foods through the sensory attributes they produce. Specialty fats and oils find application in chocolate, chocolate confectionery, bakery products and ice cream. It adds volume and texture to cakes and extends the shelf life of products by slowing down the staling process and aerating decoration creams.

Specialty Fats and Oils Market: Drivers and Restraints

The growing demand for bread, pastries, and other baked goods over the globe drives the growth of specialty fats and oils market. Specialty fats and oils are used in the preparation of baked goods and confectionaries. They have flavor releasing properties and provides temperature resistance to the food product. The growing participation of woman in the workforce, busy lifestyles, increasing buyer power, and growing innovations in food industry are the factors that contribute towards the growing demand for bakery and confectionery food products. However, the rising health consciousness among the consumers may restrain the growth of specialty fats and oils market. Moreover, specialty fats and oils are being used as an alternative for cocoa butter and other oils that are not healthy for cardiac health that creates growth opportunities for the specialty fats and oils market.

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Specialty Fats and Oils Market: Segmentation

The global specialty fats and oils market is bifurcated into types, form and applications. Based on type, specialty fats are segmented into Cocoa Butter Equivalent (CBE), Cocoa Butter Substitute (CBS), Cocoa Butter Replacer (CBR), synthetic cocoa butter fat, milk fats replacer, spread fats and other specialty fats. Based on the type, oils are segmented into palm oil, palm kernel oil, soybean oil, nut-based oil, exotic oils and other oils. Based on form, the specialty fats and oils market are bifurcated into liquid and solid & semisolid.

Based on applications, the specialty fats and oils market is bifurcated into chocolate & confectionery, bakery, dairy, frying/cooking retail consumption, cosmetics and other applications. The bakery products segment accounted for the largest market share in 2017. The changing lifestyle has increased the consumption of bread and bakery products. In addition, industrial and artisan bakers are increasingly using specialty fats and oils to enhance the taste of the product as well as to increase the shelf life of the product.

Specialty Fats and Oils Market: Regional Insight

The Asia Pacific dominates the specialty fats and oils market and is anticipated to remain dominant over the forecast period. The growing population, increasing per capita disposable income and the economic growth in several Asian countries are contributing to the growth of food and beverage sector resulting in the growth of the Asia Pacific specialty fats and oils market. In addition, increasing foreign investments and growing collaborations in the Asia Pacific food-processing sector are increasing the products offerings by global multinational companies as well as the domestic companies that in turn adds to the growth of the specialty fats and oils market. Furthermore, the rise in the number of supermarkets and e-commerce sector is increasing awareness about several kinds of food among the consumers.

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Specialty Fats and Oils Market: Competitive Analysis

The specialty fats and oils market is highly fragmented with several international and local vendors. The major industrial players in the specialty fats and oils are Cargill Inc., Wilmar International Limited, Bunge Limited, AAK AB, International Foodstuff Company Holdings Limited, The Nisshin OilliO Group, Ltd, Olenex, Musim Mas Holdings, Intercontinental Specialty Fats SDN BHD and 3F Industries among other companies.

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