Specialty Fats & Oils Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: FBR 91397 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Specialty Fats and Oils Market Size in 2019 is estimated to be $19.17 Billion and is projected to grow with a CAGR of 6.4% during the forecast period of 2020-2025. Specialty fats are the distinct group of vegetable fats that are consumed as alternatives for other types of fat products. Specialty oils are used as dietary supplements and finds exceptionality among commodity oils. Specialty fats & oils are designed to mold, coat, fill and in extrusion in the various applications. The consumption of dairy and confectionery products is increasing nowadays which is driving the growth of the specialty fats & oils market. Molding, coating, filling, and extrusion are some basic applications in the confectionery that use specialty fats and oils. Specialty fats provide properties such as superior gloss, gloss retention, bloom resistance, and product temperature resistance. In addition, these provide excellent melting profile and flavor-releasing properties. High-income countries have experienced a growth in the production and consumption of ultra-processed food, mainly bakery products, such as pastries, bread, cakes, and cookies. Shortenings and specialty oils, such as cake oils are increasingly used to enhance the product performance and ensure higher consumer acceptance. These factors have accelerated the growth of this segment.

Key Takeaways

  • Demand and supply of cocoa butter and rising awareness about benefits of fatty acids consumption are key factors that are impelling the growth of specialty fats and oil market.
  •  Decreasing demand for coconut oil and rising challenges for growing better quality cocoa crop likely to hamper the growth of the global market for specialty fats and oils.
  •  Apart from this, a prominent surge in the intake of processed diet and confectionery will steer the growth of specialty fats & oils industry over the forecast period.
  • There have been a considerable number of policies implemented by the authorities of various countries which support the production and consumption of vegetable oils, thus leading the market to grow.
  •  Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Specialty fats and oil market report.

By Type – Segment Analysis

Specialty oil segment constitutes a major share by revenue in the Specialty Fats and Oil market share in 2019. The report provides key statistics on the market status of Specialty fats and oils and is valuable source for guidance and direction for companies and individuals interested in the industry.

Specialty fats are further segmented into cocoa butter equivalents, cocoa butter substitutes, cocoa butter replacers, cocoa butter improvers, dairy fat replacers and other. Specialty oils are further segmented into palm oil, soybean oil, coconut oil, cotton seed oil, rapeseed oil and other.

By Application – Segment Analysis

Bakery products holds largest market share in 2019 and is estimated to grow at a CAGR of 5.6% during period of 2020-2025. As per the Statistical Bulletin of CAOBISCO (Association of the Chocolate, Biscuit & Confectionery Industries of the EU) the biscuits, confectionery, and chocolate industry contributed majorly towards the European economy.  Rheological property which facilitates efficient production of confectionery products is one of the driving factors for the increasing use of specialty fats and oil. With rapidly expanding chocolate & confectionery sector and huge product demand from this sector, it is likely to aid in the market growth of the specialty fats and oils market.

By Geography – Segment Analysis

Asia-Pacific is one of the major markets for specialty fats and oils which constitute 40% of overall market and is also estimated to be the fastest growing region over the forecast period 2020-2025. The demand for specialty oils and fats in the region is likely to remain concentrated in China and India, owing to a large consumer base and application in the countries. Also, the increased consumer spending on food purchases and growing demand for processed foods is the major defining factor behind the growth.

Market Drivers - Specialty Fats and Oils Market

·         Growing demand for Packaged food products

The growing demand of packaged foods has led to increase as it feels most convenient for the consumers to buy it and other is, they trust packaged foods with company labelled with the belief of purchasing it. These products are free from external tampering and easy to handle. People are shifting from traditional food to adjusting and adapting urban packaged food habits. Packaged foods are making consumers aware of the new product launches along with their USP. The growing awareness of the people towards proper nutrition has led to an increased consumer inclination towards packaged food, which in turn, incite the growth of the specialty fats and oils market around the globe.

·         Rising Chocolate Consumption

The increasing demand and growing popularity of dark and organic chocolates are fueling the market’s growth. Specialty fats and oil mostly used as ingredients in chocolate industry. Based on the composition the dark chocolates is anticipated to grow in the emerging countries which will have impact the expansion of the chocolate industry and increase in the seasonal sales Chocolate, owing to its numerous health benefits, is the most consumed confectionery product in the world, and many companies are now developing sugar-free and organic chocolate items to cater to the health-conscious urban populace. Also, chocolate consumption has positive physiological effects. For instance, a specialty fat such as cocoa butter used in chocolate manufacturing is capable of hardening and setting on the surface of a cake and offer a smooth mouthfeel.

·         Demand for Low-Fat Dairy products

People are nowadays adopting to healthy lifestyle with rising health consciousness which has led to demand for Low-Fat Dairy products. The current perception of an epidemic of obesity has the potential to promote the consumption of low-fat dairy products, while at the same time making consumers more wary of the consumption of cheese and cream. Increasing investment in dairy research and science is boosting product innovations and helping develop new products in the low-fat dairy product market. There is a lot of development in the expansion of the yogurt food industry which is indirectly boosting the demand for low-fat dairy product.

Challenges - Specialty Fats and Oils Market

Health concerns related to excessive consumption of fats & oils is restraints

Excessive consumption of hydrogenated fats & oils increases the level of LDLs (low-density lipoproteins) and decreases the level of HDLs (high-density lipoproteins) in the blood, thereby increasing the risk of thrombosis. Vegetable oils that are high in polyunsaturated fatty acids (PUFA) may cause inflammation of cells and lead to an imbalance in the digestive system.

This consumption of trans fatty acids is strongly associated with risk of cardiovascular disease and cancer. Thus, the awareness about negative health effects of trans fatty acids is affecting the confectionary fats and shortening market.

Specialty Fats and Oils Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Specialty Fats and Oils Market.  Specialty Fats and Oils top 10 companies are Cargill INC, Wilmar International, IFFCO Group, Musim Mas Group, Fuji Oil USA, Mewah International, Bunge Limited, AAK AB, IOI Group, Manildra, D&L Industries and Nisshin Oillio Group.

Developments

  • In October 2018, Naturefresh, the home grown brand of Cargill’s INC in India extended its offering into premium health oil space with launch of Nature Fresh Acti Heart.
  • In July 2019, Bunge Loaders Croklaan opened its new edible oil processing facility in China. This expansion would help the company to cater to the increasing demand for plant-based specialty oils and fats ingredients for the food and foodservice industry in China.
  • In February 2019, AAK has acquired Dutch company Mass Refinery B.V., to increase their capacity, support existing production facilities and also enable continued growth.  Mass Refinery B.V. is specialized in toll refining of vegetable oils and fats for the food industry.

1. Specialty Fats & Oils Market - Overview
        1.1 Definitions and Scope
2. Specialty Fats & Oils Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Specialty Fats & Oils Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Specialty Fats & Oils Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Specialty Fats & Oils Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Specialty Fats & Oils Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Specialty Fats & Oils Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Specialty Fats & Oils Market - By Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Specialty Fats
                8.3.1.1 Cocoa Butter Equivalents
                8.3.1.2 Cocoa Butter Substitutes
                8.3.1.3 Cocoa Butter Replacers
                8.3.1.4 Cocoa Butter Improvers
                8.3.1.5 Dairy Fat Replacers
                8.3.1.6 Other Specialty Fats
            8.3.2 Specialty Oils
                8.3.2.1 Palm Oil
                8.3.2.2 Soybean Oil
                8.3.2.3 Coconut Oil
                8.3.2.4 Cotton Seed Oil
                8.3.2.5 Rapeseed Oil
                8.3.2.6 Other Specialty Oils
9. Specialty Fats & Oils Market - By Form (Market Size -$Million / $Billion)
9.1 Dry
9.2 Liquid
10. Specialty Fats & Oils Market - By Functionality (Market Size -$Million / $Billion)
10.1 Introduction 
10.2 Molding 
10.3 Filling 
10.4 Coating 
10.5 Stabilizing 
10.6 Texturing 
10.7 Health 
10.8 Other Functions
11. Specialty Fats & Oils - By Application (Market Size -$Million / $Billion)
        11.1 Segment type Size and Market Share Analysis
        11.2 Application Revenue and Trends by type of Application
        11.3 Application Segment Analysis by Type
            11.3.1 Chocolates & Confectioneries
            11.3.2 Bakery Products
            11.3.3 Processed Foods
            11.3.4 Dairy Products
            11.3.5 Other Applications
12. Specialty Fats & Oils- By Geography (Market Size -$Million / $Billion)
        12.1 Specialty Fats & Oils Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Specialty Fats & Oils- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Specialty Fats & Oils- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Specialty Fats & Oils - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong kong
                  12.8.5.9 Rest of APAC
        12.9 Specialty Fats & Oils - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Specialty Fats & Oils Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Specialty Fats & Oils Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Specialty Fats & Oils Market - Key Company List by Country Premium
16. Specialty Fats & Oils Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 AAK AB
        16.3 Bunge
        16.4 Cargill
        16.5 D Industries
        16.6 Fuji Oil
        16.7 International Foodstuff Company Limited
        16.8 IoI Group
        16.9 Manildra Group
        16.10 Mewah International
        16.11 Musim Mas
        16.12 The Nisshin Oillio Group
        16.13 Wilmar International
        16.14 Company 14
        16.16 Company 15 & More
*Financials would be provided on a best efforts basis for private companies
17. Specialty Fats & Oils Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Specialty Fats & Oils Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US Specialty Fats & Oils Market Size 2018
2 Canada Specialty Fats & Oils Market Share 2018
3 Brazil Specialty Fats & Oils Market Outlook 2019 - 2023
4 Mexico Specialty Fats & Oils Market Research 2018
5 Germany Specialty Fats & Oils Market Trends 2019 - 2023 
6 France Specialty Fats & Oils Market Growth 2019 - 2023 
7 UK Specialty Fats & Oils Market Demand 2019 - 2023 
8 Italy Specialty Fats & Oils Market Segmentation 2018
9 Russia Specialty Fats & Oils Market Analysis 2019 - 2023
10 China Specialty Fats & Oils Market Revenue 2019 - 2023
11 Japan Specialty Fats & Oils Market Volume 2019 - 2023
12 South Korea Specialty Fats & Oils Market Potential 2019 - 2023
13 India Specialty Fats & Oils Market Leaders 2018
14 Saudi Arabia Specialty Fats & Oils Market Forecast 2019 - 2023 
15 Kuwait Specialty Fats & Oils Market Value 2018

List of Figures

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