Leading Growth Driver in the Specialty Fats And Oils Market in 2025: Growing Consumption Of Packaged Food Drives Specialty Fats And Oils Market Growth Driver's Influence

What Are the Market Size and Growth Forecast for the Specialty Fats And Oils Market?
The market size of specialty fats and oils has significantly expanded in the past few years. It is projected to increase from $12.76 billion in 2024 to $13.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. The historic growth can be accredited to factors such as shifts in dietary habits, innovation in the food industry, rising demand for functional ingredients, increasing health and wellness awareness, and the global expansion of food supply chains.

The specialty fats and oils market is projected to experience substantial growth in the upcoming years, expanding to a value of $19.84 billion in 2029, rising at a compound annual growth rate (CAGR) of 9.2%. Several factors contributing to this robust growth during the prediction period include an increase in demand for functional foods, plant-derived and alternative fats, a trend towards clean labelling and natural products, alterations in regulations and standards, as well as nutraceutical and pharmaceutical usages. Future trends expected to further fuel market growth include a surge in plant-based alternative demand, an increased interest in functional and nutraceutical elements, clean label and natural ingredients, innovations in processing technology, as well as sustainable sourcing and production approaches.

What Is Contributing to the Growth of the Specialty Fats And Oils Market?
The specialty fats and oils market is anticipated to flourish due to the rising demand for packaged food. This term describes food that is entirely covered to prevent it from directly interacting with the surroundings, either through porous or non-porous packaging. Owing to their accessibility, health benefits, and flavor, consumers are opting for ready-to-eat packaged food with healthier and lower-fat alternatives, thus weaving in the use of specialty oils and fats which comprise nutritional value and practical benefits. Such factors amplify the demand for the specialty fats and oils market. The US Department of Agriculture, a research service based in the United States, released reports in June 2024 stating that 2023 saw a 5% surge in retail food prices relative to the preceding year, trailing an 11.4% leap in 2022. The primary contributors to the increased retail earnings were packaged rice, pasta and noodles, dairy, processed meat, and seafood. Consequently, the escalating consumption of packaged foods is steering the growth of the specialty fats and oils market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10224&type=smp

Which Key Market Leaders Are Driving Specialty Fats And Oils Industry Growth?
Major companies operating in the specialty fats and oils market include AAK AB, Cargill Incorporated, Fuji Oil Co. Ltd., Bunge Limited, Mewah International Inc., Wilmar International Limited, D&L Industries Inc., IFFCO Group, Archer Daniels Midland Company, The Hain Celestial Group Inc., Ventura Foods LLC, Apical Group Ltd., Liberty Oil Mills Ltd., Adams Group, PRESCO plc, Intercontinental Specialty Fats Sdn. Bhd., MOI International Pte. Ltd., Golden Agri-Resources Ltd., Kuala Lumpur Kepong Berhad, Sime Darby Plantation Sdn. Bhd., IOI Corporation Berhad, Oleo-Fats, De Wit Speciality Oils, Puratos, Musim Mas Group , Savola Group, The Manildra Group, 3F Industries Ltd., OLENEX C.V., BASF SE

What Are the Emerging Trends in the Specialty Fats And Oils Industry?
The significant trend of product innovation is leading in the specialty oils and food market. Main players in the market for specialty foods and oils make a concentrated effort to create inventive solutions to enhance their market position. For example, Evonik Industries AG, a specialty chemicals business based in Germany, unveiled Ecohance Soft Baobab Oil in December 2023. This is a processed oil made from the baobab fruit's non-edible seeds. It's a natural, sustainable, and fair-trade component that is suitable for a variety of cosmetic compositions, including hand moisturizers, hair conditioners, and body butters. Ecohance Soft Baobab oil is high in antioxidants with moisturizing and conditioning effects, and also an excellent source of Vitamins A, C, and E.

What Are the Main Segments in the Specialty Fats And Oils Market?
The specialty fats and oils market covered in this report is segmented -

1) By Type: Specialty Oil, Specialty Fat
2) By Form: Solid, Semi-Solid, Liquid
3) By Application: Confectionery, Bakery, Dairy, Cosmetics, Other Applications

Subsegments:
1) By Specialty Oil: Vegetable Oils, Seed Oils, Essential Oils, Fish Oils
2) By Specialty Fat: Margarine, Shortenings, Cocoa Butter Alternatives, Cream Alternatives, Confectionery Fats

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/specialty-fats-and-oils-global-market-report

Which Geographic Area Leads the Specialty Fats And Oils Market?
The countries covered in the specialty fats and oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Is Covered In The Specialty Fats And Oils Global Market Report?

- Market Size Analysis: Analyze the Specialty Fats And Oils Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Specialty Fats And Oils Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Specialty Fats And Oils Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Specialty Fats And Oils Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10224

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.