Press release
Sales of Fat Replacer Market To Record Exponential Growth During 2022 - 2031 : Fact.MR
Fact.MR predicts the global sales of fat replacers to surpass US$ 3.5 Bn by registering a CAGR of 6% in the sales indicator period 2021-2031. Increase in health awareness among urban population and changing lifestyle due to rapid urbanization are the key parameters boosting the growth of the fat replacer market.Historically, from 2016 to 2020, the sales of fat replacers surged at nearly 5% CAGR. Due to the coronavirus pandemic, the sales of fat replacers witnessed a dip in the initial quarters of 2020. As the concern regarding health grew in the pandemic, food consumption habits changed. This, in turn, pushed people to consume food containing fat replacers. As the world is heading back to normalcy, the demand for fat replacers is expected to upsurge.
Prominent market players are strategically focusing on introducing enhanced product offerings to capture maximum market share and to improve overall profitability. Furthermore, increasing awareness of the new products that offer several benefits are available in the market. This, in turn, is the major driving factor rising inclination towards fat replacers.
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Key Segments Covered
Form
Powdered Fat Replacers
Liquid Fat Replacers
Source
Plant-based Fat Replacers
Animal-based Fat Replacers
Ingredients
Carbohydrate-based Fat Replacer
Protein-based Fat Replacer
Lipid-based Fat Replacer
Application
Fat Replacers for Convenience Food and Beverages
Fat Replacers for Bakery and Confectionery Products
Fat Replacers for Sauces, Dressings and Spreads
Fat Replacers for Dairy and frozen Desserts
Fat Replacers for Other Applications
Competitive Landscape
Expanding globally is one of the main focus areas of players in the fat replacer market. Hence, there has been a rise in partnerships and mergers and acquisitions activities.
In July 2021, Corbion NV acquired full ownership of Granolife. With this acquisition, the company is focusing on strengthening its presence in the Mexican market.
Tate & Lyle with its toolkit is helping customers across the globe to reformulate existing food products and create new foods. The company is also strengthening its relationship with nutrition bodies to share knowledge, expertise, and ensuring availability of resources to support balanced diets and lifestyle.
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Key Takeaways from the Market Study
Carbohydrate based fat replacers expected to hold more than 50% market share for fat replacers.
Bakery and Confectionary Industry to possess 40% market share for fat replacers.
Fat replacer industry expected to possess nearly 45% market share throughout North America
Fat replacer industry expected to possess nearly 25% market share by registering a CAGR of 6% throughout Asia.
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Low Calorie Count Making Carbohydrate Based Fat Replacers Popular in Fat Replacer Industry?
Fat replacers are categorized in carbohydrate-based fat replacer, protein-based fat replacer, and lipid-based fat replacer. Amongst these carbohydrate based fat replacers have gained popularity due to their existing properties.
Carbohydrate based fat replacers can retain moisture and create the same texture as fats. In addition, carbohydrate based fat replacers are largely used in bakery and confectionery industry. They are also used as stabilizers and thickeners for sauces and spreads. Carbohydrate based fat replacers have gained popularity as they possess calories between zero to four gram of calories. Thus, according to Fact.MR, carbohydrate based fat replacers are expected to hold more than 50% of market share for fat replacers.
Source - https://www.factmr.com/report/1514/fat-replacers-market
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