Global Fat Replacers Market – Overview
Increasing awareness about the adverse effects of consumption of dietary fats, the market is growing at an incremental pace. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Fat Replacers Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
Rising health consciousness among the consumers and growing population of obese consumers has added fuel to the growth of fat replacers in the global market. Advancements in technology have resulted in manufacturing of wide variety of products due to which the popularity of fat replacers have increased. Health benefits gained out of consumption of fat replacers to maintain body weight and metabolism are the main drivers to the development of this segment. Shift in consumers’ food consumption pattern has also provided an impetus for the increased demand of this sector.
Boost in fitness and wellness sector has enhanced the market growth trajectory of the sector to an elevated level. Rising consumer based demand for low fat and low-calorie food products have given a boost to the growth of this market. However, presence of counterfeit products in the market is one of the major reasons confining the growth of fat replacers market.
Global Fat Replacers Market - Competitive Analysis
Rising demand for low fat products have encouraged new players to enter into the global fat replacers market revenue and generate high revenues. Established players are focusing more on the R&D sector to enhance the quality of their offerings to sustain their consumer base. Players are found to compete in terms of prices and quality to capture consumers’ attention towards their offerings. Product promotions and high investments in advertising is also one of the key strategies followed by the manufacturers to strengthen their business portfolio in the global fat replacers market.
The key players profiled in Fat replacers are FMC Corporation (U.S.), Ashland Global Holdings Inc. (U.S.), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc. (Ireland), E. I. du Pont de Nemours and Company (U.S.), and Pfizer Inc. (U.S.), among many others.
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Global Fat Replacers Market – Segments
The global Fat replacers market share has been divided into type, source, form, application, and region.
Based on Type: Proteins, Carbohydrates, Lipids, and Others
Based on Source: Plants, Animals, and Others
Based on Form: Powder, Liquid, and Others
Based on Application: Dairy and Frozen Desserts, Bakery and Confectionary, Snacks, Beverages, and Others
Based on Region: North America, Europe, Asia Pacific, and ROW.
Global Fat Replacers Market - Regional Analysis
The global fat replacers market analysis is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global fat replacers’ market is highly dominated by North America and Europe due to rising health concerns related to fat consumption in the region. APAC is the fastest growing region based on increasing inclination of consumers towards healthy life-style and shift in food consumption pattern. The consumption of Fat replacers in countries like the U.S., the U.K and China is expected to grow in upcoming years.
Latest Industry Updates
Nov 2016 Choco Finesse LLC launched ‘Epogee’ which is a GRAS valued fat replacement brand. The product claims to impart less calorie and fat value. Introduction of unique product brands will help the company to gain mass consumers’ attention towards their product offerings.
Aug 2015 Alpro launched new Coconut Cuisine cream substitute. Rising demand for cream alternatives has encouraged the company to bring in innovations in their product line to raise the popularity of their product and increase their revenue. The product contains less calorie and fat which makes it a healthier substitute.
Feb 2015 In order to suffice the rising demand for fat replacers’ from the consumers end, Coca-Cola aims to increase their manufacture of soy and almond milk brands as major protein based products as fat substitutes.
Nov 2015 Solazyme announced the launch of algae butter which can be used as a replacer of hard fats including palm oil or partially hydrogenated oils diverse applications including spanning confectionery, bakery and spreads. This new product launch is a result of companies’ high investment in the R&D sector and will further help in strengthening company’s product portfolio.
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