PUNE, India, January 27, 2017 /PRNewswire/ --
The report "Specialty Fats & Oils Market by Oil Type (Palm, Soybean, Rapeseed, Coconut, Cottonseed), Fat Type (CBE, CBR, CBS, CBI, Dairy Fat Replacers), Application (Chocolate & Confectionery, Bakery, Dairy), Form, and Region - Global Forecast to 2022", published by MarketsandMarkets, the market is projected to reach USD 20.15 Billion by 2022, whereas the Specialty Fats Market is projected to reach USD 3.45 Billion by 2022.
Browse 99 market data Tables and 42 Figures spread through 164 Pages and in-depth TOC on "Specialty Fats & Oils Market"
Early buyers will receive 10% customization on this report.
The Specialty Fats Market is estimated to be valued at USD 2.17 Billion in 2017, and projected to grow at a CAGR of 9.7% from 2017 to 2022. The Specialty Oils Market is estimated to be valued at USD 14.78 Billion in 2017, and projected to grow at a CAGR of 6.4% from 2017 to 2022. Specialty fats & oils are widely accepted in food applications due to their functional properties and play an important role in desired physiochemical and sensory attributes such as smoothness, creamy & rich texture, milky & creamy appearance, and desirable flavor. Hence, specialty fats & oils should be viewed as a business opportunity in the next five years.
The palm oil segment with respect to type of oil, is projected to dominate the fats & oils market.
The demand for palm oil is increasing in bakery & confectionery, and processed foods owing to its neutral taste, and flavor-enhancing characteristics. Palm oil is widely used for the production of specialty fats & oils, due to its compositions and wide availability.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=11304130
Cocoa butter equivalent (CBE): The most widely consumed type of specialty fats
The cocoa butter equivalent segment accounted for the largest share in the fats & oils market in terms of value and volume in 2015. Its increasing price has resulted in the increase in use of cocoa butter alternatives. Cocoa butter equivalents (CBEs) blend without altering its melting, rheological, and processing characteristics, as CBEs have similar physical properties. CBEs are used in chocolates and compound coatings, which are used in bakery & confectionery products to enhance the flavor of ingredients.
Asia-Pacific: A lucrative market for opportunities for specialty fats & oils
In 2015, the Asia-Pacific region accounted for largest share of the global Specialty Fats & Oils Market in terms of value and is also projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region comprises developing economies such as India, and China. China is a key producer of specialty fats & oils, whereas India is a major consumer of specialty oils, such as palm oil. Malaysia and Indonesia are the leading producers of palm oil products in the Asia-Pacific region. Moreover, the rapid expansion of various applications such as personal care, cosmetics, and animal feed of specialty fats & oils resulted in the growth of the market in this region.
The Specialty Fats & Oils Market report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), Wilmar International Limited (Singapore), Bunge Limited (U.S.), AAK AB (Sweden), and IOI Group (Malaysia).
Browse related reports:
Fats & Oils Market by Type (Palm, Soybean, Rapeseed, Sunflower, and Olive), Animal Fat (Butter, Tallow, and Lard), Application (Food & Industrial), Source (Vegetable & Animal), Form (Liquid & Solid), Brand, and Region - Global Forecast to 2021
Soybean Derivatives Market by Type (Soybean, Soy Meal, and Soy Oil), Application (Feed, Food, and Other Industries), Lecithin Processing (Water, Acid, and Enzyme) and by Region - Global Trends & Forecast to 2020
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets