Plant Based Fats Market Dynamics and Strategies for Success 2024-2031 | Survey by DataM Intelligence | Cargill, Inc., ADM, Bunge Limited

Plant Based Fats Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Plant Based Fats market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Plant Based Fats market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Plant-Based Fats Market reached US$ 70.8 billion in 2022 and is expected to reach US$ 258.9 billion by 2031, growing with a CAGR of 17.6% during the forecast period 2024-2031.

What is Plant Based Fats Market?

The Plant-Based Fats Market refers to the segment of the food industry that focuses on the production, distribution, and consumption of fats derived from plant sources. This market includes various products such as vegetable oils (e.g., olive oil, coconut oil, avocado oil), plant-based butter alternatives, and other fat substitutes used in cooking, baking, and food processing.

Growth Driver

The WHO Report 2022 highlights that cardiovascular diseases (CVD) are a leading cause of premature death, prompting health-conscious consumers to adopt plant-based fats in their diets for managing chronic conditions like heart disease and diabetes. This shift towards healthier eating habits and demand for transparent food labeling is driving significant innovation in the food industry, as consumers increasingly seek alternatives to saturated and trans fats.

Key Players:

Profiles of some of the major players in the global Plant Based Fats market, which include Cargill, Inc., ADM, Bunge Limited, Wilmar International, IOI Group, AAK AB, Fuji Oil Holdings Inc., United Plantations Berhad, Avena Foods Limited and EFKO Group.

Industry Development:

In March 2023, food tech startup Shiru launched OleoPro, an AI-powered plant-based fat made from unsaturated oil and plant proteins that can reduce saturated fats in products by 90%, maintain its form at room temperature, and provide a juicy mouthfeel when cooked.

In November 2022, Omni Foods introduced OmniNano™, a vegan fat that mimics animal fat in plant-based meat substitutes, enhancing the juiciness, flavor, and texture of its products through an emulsification process.

Additionally, in January 2022, CP Foods partnered with Lypid to develop better-tasting plant-based beef, utilizing Lypid's vegan fat, which replicates the flavor, texture, melting point, and oil content of animal fats using plant-derived oils.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Plant Based Fats market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviour.

By Type: Saturated, Unsaturated, Trans

By Source: Sunflower, Coconut, Soybean, Canola, Groundnut, Palm Kernel, Others

By Application: Snacks and Convenience Foods, Salad Dressings, Cooking and Frying, Baking, Nutritional Supplements, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

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➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviors.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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