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Growing Consumption Of Packaged Food Drives Specialty Fats And Oils Market Growth: A Key Driver Powering Specialty Fats And Oils Market Growth In 2025
Specialty Fats And Oils Market
What Is the Specialty Fats And Oils Market Size and Projected Growth Rate?
The specialty fats and oils market has shown strong growth in recent years. It will increase from $12.76 billion in 2024 to $13.95 billion in 2025, reflecting a CAGR of 9.3%. Growth is driven by changing dietary habits, food industry innovations, rising demand for functional ingredients, health and wellness concerns, and the globalization of food supply chains.
The specialty fats and oils market is set to grow to $19.84 billion by 2029 at a CAGR of 9.2%, supported by demand for functional food, plant-based products, and regulatory shifts. Key trends include clean label focus, sustainable sourcing, nutraceutical uses, and processing advancements.
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What Are the Major 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
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What Are The Driving Specialty Fats And Oils Market Evolution?
The rising consumption of packaged food is driving the demand for specialty fats and oils. Packaged food is gaining popularity due to its convenience, nutritional value, and functional benefits provided by the fats and oils used in these products. In June 2024, retail food prices rose by 5%, with packaged items like rice, pasta, noodles, and processed meats contributing significantly to the retail income. This increasing demand for packaged foods is expected to drive the specialty fats and oils market.
Which Firms Dominate The Specialty Fats And Oils Market Segments?
Major companies operating in the specialty fats and oils market include AAK AB, Cargill Incorporated, Fuji Oil Co. Ltd., bun*ge 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 Latest Developing Trends in the Specialty Fats And Oils Market?
Product innovations are a growing trend in the specialty oils and food market. Companies are focusing on developing new solutions to stay competitive. For example, in December 2023, Evonik Industries AG launched Ecohance Soft Baobab Oil, a sustainable and natural ingredient rich in antioxidants. This oil is used in cosmetic formulations like hand creams and hair conditioners, showcasing innovation in the market.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Specialty Fats And Oils Market?
2. What is the CAGR expected in the Specialty Fats And Oils Market?
3. What Are the Key Innovations Transforming the Specialty Fats And Oils Industry?
4. Which Region Is Leading the Specialty Fats And Oils Market?
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