Plant-Based Fats Market Booms | Trends, Demand & Growth Forecast 2024-2031 | Top key players - Cargill, Inc., ADM, Bunge Limited.

The Global Plant-Based Fats Market reached US$ 70.8 billion in 2022 and is expected to reach US$ 258.9 billion by 2030, growing with a CAGR of 17.6% during the forecast period 2024-2031.

Plant Based Fats Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Plant-Based Fats Market focuses on the production and use of fats derived from plant sources, such as coconut oil, palm oil, soybean oil, and avocado oil, as alternatives to animal-based fats. These fats are widely used in food & beverages, cosmetics, and pharmaceuticals. Market growth is driven by rising consumer demand for vegan and plant-based products, health-conscious dietary shifts, and sustainability concerns in food production.

List of the Key Players in the Plant Based Fats Market:

Cargill, Inc., ADM, Bunge Limited, Wilmar International, IOI Group, AAK AB, Fuji Oil Holdings Inc., United Plantations Berhad, Avena Foods Limited and EFKO Group.

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Industry Development:

In March 2023, Shiru, a food tech startup, introduced OleoPro, its first AI-powered ingredient. OleoPro is a plant-based fat derived from unsaturated oil and plant proteins. It can reduce saturated fats in plant-based products by up to 90%, brown when cooked, and maintain stability at room temperature, providing a juicy mouthfeel for plant-based food applications.

In November 2022, Hong Kong-based Omni Foods launched OmniNanoTM, a vegan fat designed to replicate animal fat in plant-based meat alternatives. Through a specialized emulsification process using water and oil, OmniNanoTM enhances juiciness, flavor, and texture, making plant-based meats more realistic and satisfying.

Growth Forecast Projected:

The Global Plant Based Fats Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Plant Based Fats Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Plant Based Fats Market:

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 Analysis for Plant Based Fats Market:

The regional analysis of the Plant Based Fats Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Plant Based Fats market?

➠ Who are the leading manufacturers in the global Plant Based Fats industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Plant Based Fats industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Plant Based Fats market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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