Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Sep 11, 2020 11:58 PM ET

Specialty Fats & Oils Market Study, 2020-2026 – Market Anticipated to Reach US$ 6.28 billion by 2026




iCrowd Newswire - Sep 11, 2020

Global Specialty Fats and Oil Market is expected to be USD 6.28 billion by 2026 from USD 3.2 billion in 2019, at a CAGR of 10.10 % from 2020 to 2026. The evolution of the market over the estimated period is attributed to an increasing gap between demand and supply of cocoa butter (a substitute for Specialty Fats and Oil). Apart from this, a noticeable surge in the intake of treated diet and confectionery will steer the development of specialty fats & oils industry over the forecast period. Besides, rise in the overseas funding and alliances observed in the food industry will enlarge the market scope during the forthcoming period. Moreover, the use of specialty fats & oils as a cocoa butter substitute will multiply the request for specialty fats & oils.

Request to get the report sample pages at :- https://www.blueweaveconsulting.com/specialty-fats-and-oil-market-bwc20142/report-sample

Specialty fats are the particular class of vegetables used for different kinds of fats in multiple products such as chocolate, cosmetics, compound coatings, infant formula, confectionery, spreads & filings, ice cream, and dairy products. In addition to this, specialty oils also find massive applications as food supplements in cooking & commodity oils. The worldwide demand for specialty fats and oils is anticipated to spur the market’s development during the forecast period. Moreover, growing health awareness among customers to lower body cholesterol levels and to augment the nutritive value of the food are the main driving forces for the growth of the Specialty fats and oils market.

Based on the form of specialty fats & oils, the liquid form of specialty fats & oils is expected to rise at a higher rate. High stability oils in the liquid form support in the efficient, smooth, and speedy manufacturing of sweets and bakery products. The liquid forms also provide excellent moisture holding in baked products such as cakes, leading to its wide adoption in food industry.

Global economic development has led to rise in disposable incomes and busy routines, which in turn, contribute to a surge in the demand for treated food and confectionery products. The rising demand for confectionery and chocolates across the globe is pushing the specialty fats & oils market largely. According to the Statistical Bulletin of CAOBISCO (Association of the Chocolate, Biscuit & Confectionery Industries of the EU), the biscuits, confectionery & chocolate industry contributed substantially in the European economy. Intake of confectionery food products is expected to see improvement in the future as well, acting as a propelling factor for the development of the specialty fats & oils market.

The customers have started following strict health norms to improve the quality of their life. In this quest, people have lowered their intake of cholesterol, which keeps them away from consumption of regular cooking oils. Hence, the demand for specialty oils and fats is increasing year over year due to their nutritional value.

Despite the presence of many supportive factors for the market, the supply of these products depends on good crop yield, which keeps fluctuating in many areas because of an erratic rainfall pattern and changing climatic conditions. Moreover, agricultural land has also been decreasing leading to less production. Production of specialty oils such as palm faces issues related to emission of harmful gases. These reasons are likely to restrain development during the forecast period.

Request to get the report pages at :- https://www.blueweaveconsulting.com/specialty-fats-and-oil-market-bwc20142/

The Asia Pacific dominated the regional fats & oils market and is poised to witness fast growth over the next six years. Emerging economies such as China, Indonesia, India and Malaysia are characterized by increasing disposable incomes, higher processed food & edible oil consumption, and growing health-conscious consumers. North America and Latin America have witnessed the major shift towards substitute industrial uses of fats & oils in the recent past.

“The leading players” operating in the Global Specialty Fats & Oils Market are The leading players considered for market analysis are AAK AB, IOI Group, D&L Industries, Wilmar International, Mewah International, Cargill, Bunge, Manildra, Musim Mas, IFFCO, and The Nisshin Oillio Group and others.

About Us

BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients. We are one of the promising digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.



Contact Information:

info@blueweaveconsulting.com

https://www.blueweaveconsulting.com

Global Contact: +1 866 658 6826,
+1 425 320 4776






Keywords:    Global Specialty Fats and Oil Market, Global Specialty Fats and Oil Market Size, Global Specialty Fats and Oil Market Share, Global Specialty Fats and Oil Market Trend, Global Specialty Fats and Oil Market Demand, Global Specialty Fats and Oil Market Growth, Global Specialty Fats and Oil Market Forecast

Tags:    iCN Internal Distribution, Research Newswire, English