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Specialty Fats and Oils Market - Competitive Insight, Trends, Forecast 2026

09-20-2021 02:22 PM CET | Health & Medicine

Press release from: Transparency Market Research - Food and Beverages

Albany, NY - The global specialty oils and fats market is characterized by the innovative business strategies introduced by the top market players over the past decade. The market for specialty fats and oils is highly fragmented due to the presence of a number of small, medium, and large-scale players. However, the existence of a huge number of small and medium-sized players has not affected the strongholds of the leading market players. These leading players continue to exercise tremendous control over the market through their business acumen and prowess. It is anticipated that the top market players would son capture the market share of the local players that are on the brink of collapsing. The market share of the small and medium-sized players is enough to sustain these players in the market. Besides this, these medium-sized players are expected to form strategic alliances in order to counter the stiff competition from larger players. The global market for specialty fats and oils does not have any significant barriers to the entry of new players; however, the performance of the new entrants is a key to their sustenance in the market. Some of the leading market players in the global market specialty fats and oils are Cargill Incorporated, Willmar International Limited, IFFCO, The Savola Group, and United Foods Company. These leading market players are anticipated to keep recalibrating their extrinsic and intrinsic business strategies in order to cater to the demands of the customers.

Transparency Market Research (TMR) published a report depicting the growth pattern of the global market for specialty fats and oils over the period between 2018 and 2026. The foresighted analysis of the researchers reveals that the global market is expected to expand at a sturdy CAGR of 6.6% over the aforementioned forecast period. Furthermore, the global market for specialty fats and oils is projected to accumulate revenues worth US$ 142.1 Bn by 2025.

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Health Conscious Customers to Drive Demand

The customers have started following strict health norms in order to enhance the quality of their life. In this quest, people have reduced their intake of cholesterol which has mellowed down the popularity of traditional cooking oils. Hence, the demand within the global market for specialty oils and fats has reached new heights over the past few years. The confectionery industry has also played a part in accelerating the growth of the global market and is expected to further contribute to market growth. The nutritional value served by specialty oils and fats is also significantly higher than other forms of oil, which further popularises the former.

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Asia Pacific to Emerge as Leading Segment

The food and beverages industry across Asia Pacific has grown by leaps and bounds in recent times. This has directly contributed to the growth of the market for specialty oils and fats across the region. Furthermore, the high population of the region calls for a greater supply of food, drinks, and other consumable items. In order to maintain the standards of packaged food while meeting the exponential demand from the rising population, the manufacturers have also begun using specialty fats and oils across the region.

The review is based on TMR’s report titled, “Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flower Oil, Blend Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil ), Specialty Fats (Cocoa Butter Substitute, Cocoa Butter equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Butter Substitute, Butter Oil Substitute, Spray Oil, Dairy Fat Replacers ); Application - Chocolate and Confectionary, Bakery, Processed Food, Dairy, Cosmetics, Baby Food; Form - Solid, Semi Solid and liquid) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026”.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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