Press release
Soaring Chocolate Consumption to Scale up the Demand for Interesterified Fats Market
Currently, the chocolate industry accounts for a sizeable demand for interesterified fats. However, Fact.MR projects that this is likely to scale up further in the coming years owing to the replacement of cocoa butter with interesterified fats.For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2971
Chocolate industry uses high volumes of cocoa butter, however, with the price escalation of cocoa butter, demand for cocoa butter alternatives including interesterified fats are also witnessing a significant rise. Interesterified fats can be procured at almost half the price of cocoa butter and the substitution of the latter with the former is not only minimizing the cost of chocolate production but is also replenishing the demand-supply gap of cocoa butter.
Interesterified fats have a lower composition of trans fats which enhances its applicability in confectionery as a suitable substitute to cocoa butters. On this backdrop, Fact.MR in its newest report estimates that the global interesterified fats market will witness an absolute dollar opportunity of over US$ 500 Mn during 2019 - 2029.
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Key Takeaways of Global Interesterified Fats Market
• Enzymatic process based interesterfied fats accounted for less than quarter market share in 2018. However, it is projected to garner significant demand during the forecast period.
• Soybean oil based interesterified fats are projected to remain the largest market throughout the analysis period, owing to the unhindered availability of soybeans in the projection period.
• Food processing industry accounted for over half of the interesterified fats market in 2018, and the demand in this sector is projected to witness significant growth during the forecast period.
• North America and Europe together accounted for over 60% of the global interesterified fats market, though the markets in South Asia and East Asia are projected to garner higher CAGR during the forecast period.
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Global Interesterified Fats Market: Segmentation
Segmentation table of the global interesterified fats market has been provided below on the basis of product type, application, thickness, and region.
Interesterification Process
• Chemical
• Enzymatic
Source
• Soybean Oil
• Palm Oil
• Groundnut Oil
• Coconut Oil
• Rapeseed Oil
• Sunflower Oil
• Cottonseed Oil
• Other Vegetable Oils
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/06/1865298/0/en/Cannabis-Infused-Drinks-Sales-Growing-as-Leading-Beverage-Producers-Pivot-to-Pot-amid-Broader-Marijuana-Legalization-Fact-MR.html
Vertical Integration Strategies to Expand Market Share of Key Players
Global interesterified fats market is highly consolidated, wherein top four players accounted for over 80% market share in 2018. The Tier 1 players including Wilmar International, Bunge Ltd., Cargill Inc. and Fuji Oil Holdings are engaged in portfolio expansion, process optimization, collaborations, and mergers and acquisitions. Tier 2 players including ADM, Mewah International Inc., Oleo-Fats accounted for around 13% market share in 2018. However, Tier 2 players are significantly focusing on enhancing their geographical footprint as well as integration across the value chain to bring down the cost of production. With these efforts, Tier 2 market share is expected to rise during the forecast period.
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