The Global Specialty Fats & Oils Market is projected to reach a value of over USD 30 billion by 2027 at a CAGR of around 5.7%.
Specialty fats and oils are specially designed to limit the characteristics of products such as cocoa butter, milk fats, butter, and other similar fats which make them suitable for various applications. Specialty greases have applications in the confectionery and ice cream industry. Moreover, they are also used as a binder in the pharmaceutical industry, milk fat substitute, and the cosmetic industry. Specialty fats & oil offers properties such as gloss retention, superior gloss, bloom resistance, and product temperature resistance.
Market Driver:
Growing disposable income along with a busy lifestyle in economies across the globe has led to the demand for confectionery and processed food products. The growing demand for processed and confectionary food across the globe has influenced the specialty fats and oil market to a larger extent. According to the Statistical Bulletin of CAOBISCO (Association of the Chocolate, Biscuit & Confectionery Industries of the EU), the confectionery, biscuit and chocolate industry majorly contributes towards the European economy. Thus, the growing consumption of confectionery and processed foods has expected to fuel the growth of specialty fats and oils market during the forecasted period.
Market Restraint:
Excessive consumption of specialty fats and oil may decrease the level of HDLs (high-density lipoproteins) and increase the level of LDLs (low-density lipoproteins) in the blood, which may cause a risk of thrombosis. Moreover, a high level of polyunsaturated fatty acids (PUFA) is present in vegetable oils that may cause cells inflammation and lead to an imbalance digestive system. PUFA in vegetable oil automatically oxidize during food processing, resulting in the production of inflammatory peroxides and hydroperoxides. The consumption of fatty acid may increase the risk of cancer and cardiovascular diseases owing to which more regulations are imposed on the usage of liquid oils directly. Thus, growing awareness of health effects due to excessive consumption of fats and oil has expected to hinder the growth of the market.
The report on the specialty fats & oils market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Specialty Fats & Oils Market, by Type
Specialty Fats & Oils Market, by Application
Specialty Fats & Oils Market, by Form
Specialty Fats & Oils Market, by Functionality
Specialty Fats & Oils Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SPECIALTY FATS & OILS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY