The global Normal & Specialty Fats market size is expected to be worth around US$ 51.3 billion by 2027, according to a new report by Vision Research Reports.
The global Normal & Specialty Fats market size was valued at US$ 29.0 billion in 2019 and is anticipated to grow at a CAGR of 7.3% during forecast period 2020 to 2027.
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The growth can be attributed to the ascending demand for bakery and confectionery products. Growth in the food processing sector along with increasing consumption of specialty fats is projected to drive the market.
Consumption of various bakery products such as bread, rolls, cookies, pies, pastries, and muffins is expected to play an important role in rising demand for fats in various bakery formulations. Dairy foods are expected to register steady rise in demand. Rapid urbanization and improving consumer lifestyle have led to increased consumption of dairy products such as cheese, ice creams, yogurt, and dips among others. This is expected to fuel the demand for fats in dairy products.
Report HighlightsIn 2019, cocoa butter equivalent was estimated to be the fastest growing type segment due to rising demand for the product type in chocolate sector, owing to its unique property of completely melting at mouth temperature while remaining brittle, moldable, and hard at room temperature In 2019, Confectionery is expected to be the fastest growing application segment owing to use of fats with improved rheological characteristics including viscosity that facilitates effectual production of several confectionery products In 2019, B2B is expected to be the fastest growing distribution channel segment as key bakery manufacturers that are engaged in developing unique products in line with fat producers. In 2019, industrial is expected to be the fastest growing end-use segment owing to its growing usage in other than food sector especially in petrochemical sector to carry active elements including phosphorus, sulfur, and chlorine, with a purpose to provide resistance to oxidation, prevent wear during use, and inhibit corrosiveness
Key PlayersCargill, Incorporated Intercontinental Specialty Fats Sdn. Bhd. Musim Mas Holdings Pte. Ltd.
Normal & Specialty Fats Type OutlookCocoa Butter Equivalent Cocoa Butter Replacer Cocoa Butter Substitute Filling Fats Milk-Fat Replacers Spread Fat Frying Fats Margarines Shortenings Butter Others
Normal & Specialty Fats Application OutlookBakery Confectionery Convenience Food Dairy Others
Normal & Specialty Fats Distribution Channel OutlookB2B B2C
Normal & Specialty Fats End-use OutlookHousehold Commercial Industrial
Normal & Specialty Fats Regional OutlookNorth America U.S Canada Mexico Europe Germany U.K. France Italy Netherlands Spain Belgium Asia Pacific Indonesia Malaysia China India Japan Philippines Central and South America Brazil Argentina Colombia Ecuador Chile Middle East & Africa
The Normal & Specialty Fats market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Normal & Specialty Fats market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Normal & Specialty Fats market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Normal & Specialty Fats market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Normal & Specialty Fats market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Normal & Specialty Fats capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Normal & Specialty Fats by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Normal & Specialty Fats market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Normal & Specialty Fats market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Normal & Specialty Fats market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Normal & Specialty Fats industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Normal & Specialty Fats market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Normal & Specialty Fats market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Normal & Specialty Fats market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Normal & Specialty Fats market. These factors have benefited the growth of the global market for Normal & Specialty Fats. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Normal & Specialty Fats. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Normal & Specialty Fats are as follows:Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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