The study is given to the analysis of the latest growth trends and prospects for the Specialty Fats and Oils market.
The section “Specialty Fats and Oils Market” includes an examination of the situation in major sections of the Specialty Fats and Oils market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.
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The global market for specialty fats and oils was pegged at US$ 15,202 Mn in 2017 growing with a CAGR of 6.3% during the forecast period from 2018 to 2026. Specialty fats and oils are designed to meet the demand of various end-use industries such as bakery, food and beverages etc. Specialty fats and oils are manufactured under extensive hygienic food safety and selective process conditions. Specialty fats and oils provide excellent elasticity, gloss retention, and fat crystallization at lower viscosities and used as an alternative to saturated fats. Growing concern over the use of healthy fats and oils as an ingredient has stimulated the bakery and confectionery product manufacturers to search for healthy alternatives to integrate it into their products. Also, changing tastes and preferences of consumers in developing nations has led manufacturers to expand their product portfolio and provide innovative products at lesser prices.
Rising demand for specialty fats in confectionary and bakery products owing to factors such as increasing consumption of chocolate products, growing popularity of dark chocolates, as well as fluctuating prices of cocoa due to the volatilizing production cost has led to the development of cocoa alternatives. Rising prices of cocoa butter has significantly driven the demand for its alternatives such as cocoa butter substitutes (CBS). Cocoa butter alternatives such as CBS are fats mixed with cocoa butter in limited concentrations and does not alter its melting, rheological, and processing properties. Specialty fats developed from the palm and palm kernel fractions such as cocoa butter substitutes (CBS) provides a creamy, smooth caramel texture to confectionery products such as fillings of cookies that provides significant opportunities for the development of cocoa butter substitutes over its counterparts. Also, increased acceptance of liquid shortenings owing to its property of retaining moisture in baked products supplement the growth of liquid form in the near future.
Based on the geography, Asia-Pacific held a significant share in the global specialty fats and oils market in 2017 with a market share of over 50% in terms of value and volume. Rapid population expansion, rising disposable income along with enhanced demand for processed food products are some of the major factors for growth of Asia-Pacific specialty fats and oils market. Moreover, specialty oil such as palm oil is widely grown and consumed in Asia-Pacific countries, which is used for manufacturing certain types of shortenings such as cake and solid shortenings. As per the statistics provided by Green Palm, Malaysia and Indonesia are the major producers and exporters of palm oil. Apart from this, palm oil being the key ingredient in the production of shortening and India is a major consumer of shortenings and margarines, leads to high demand for palm oil from convenience food, thus driving the overall market. Furthermore, rapid expansion of applications of specialty fats and oils has resulted in the growth of the specialty fats and oils market in this region.
Key market players in the global specialty fats and oils market include The Nisshin Oillio Group, Cargill Inc., Bunge Limited, IOI Group, International Foodstuff Company Limited (IFFCO), AAK AB, Musim Mas, Fuji Oil, Mewah International, Wilmar International.
“Specialty Fats and Oils Market” is a new report by us that explains how companies’ acquisition expenditures, media spend, business strategies, marketing and sales strategies and practices, and business plan are set to change in 2017-2018. This paper gives you access to the category-level spending forecasts, business challenges, budgets, supplier selection criteria, the current size of the marketing and promotion budgets and investment opportunities for senior-level officials. The report also identifies the expected growth of buyers and suppliers, capital expenditure, staff hiring, M and A, and e-procurement. This report not only gives access to the views and strategies of business decision makers and rivals but also examines their actions circling business priorities. The report also provides access to information categorized by company type and sizes, region,
Introduction and Landscape
Why was the report written?
This report is the result of an extensive survey drawn from Our Research’s elite panel of leading global senior level executives from enterprises such as such as medical devices, mining, packaging, power, oil, and gas, food and beverage, airports and pharmaceutical. The report covers key topics such as appropriation behaviors and strategies, the current size of the marketing and advertising budgets. Besides the report also recognizes the threats and possibilities, economic outlook trends, media channel spending outlooks, M and A expectations, marketing agency selection models, media budgets, business challenges and confidence among senior-level executives across various industries. Most secondary research papers are based on general industry drivers and do not understand the industry officials’ attitude and changing behaviors, creating a gap in showing the business opportunity of the industry. In an effort to bridge this gap, Our Research created this primary-research based report by selecting the opinions of various stakeholders in the value-chain of the industry
This report offers:
- Analysis of several products, and regions that would provide the clear understanding of the ongoing and future trends in the global Specialty Fats and Oils market
- Assessment of market dynamics such as drivers, restraints, and opportunities prevalent in the market
- Quantitative assessment of the current market size and future estimations for the period from 2016 to 2026, along with CAGRs for the period from 2018 to 2026
- Company profiles that will highlight key information about the imperative players operating in the global Specialty Fats and Oils devices market
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