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The global fat replacers market is anticipated to grow at a considerable pace during the forecast period, due to the increasing prevalence of obesity and other chronic diseases across the globe. Increasing awareness among consumers towards the health benefits of consuming low-fat diet, coupled with increased product launches by key market players is expected to drive the growth of the global fat replacers market.
Key companies operating in the global fat replacers market are focusing on launching novel products and merger & acquisition activities to maintain their market prominence. E. I. du Pont de Nemours and Company, Ingredion Inc., Cargill Incorporated, FMC Corporation, and Archer-Daniels-Midland Company are some of the key companies performing in the global fat replacers market.
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Fat replacers are non-fat ingredients or substances that play the role of fat in food products, without compromising with the texture and flavor of food, and are considered safe for human consumption. Carbohydrate-based, lipid-based, and protein-based are the three type of fat replacers that are widely used in manufacturing various food products, such as cakes, dairy products, beverages, sauces, and others.
Increasing number of health-conscious population is boosting the demand for low-fat diet, which in turn is anticipated to aid the growth of fat replacers market. Rising prevalence of cardiovascular disorders, high blood pressure, obesity, and other diseases is motivating people across the globe to switch to a low-fat diet which is anticipated to fuel the demand for fat replacers in food products. Furthermore, increasing governmental support to fat replacers and launch of campaigns by food & health regulatory bodies to reduce the fat content from food and beverage products is expected to fuel the market growth.
Consumption of excessive fat replacers can lead to adverse health effects, which is a major restraining factor for the growth of fat replacers market. Furthermore, the inability of most of the fat replacers to mimic 100% properties of fat and copy their sensory properties that give food a certain desirable flavor and texture is anticipated to hinder the fat replacers market growth in the upcoming years.
Some of the major companies that are present in the global fat replacers market are Cargill Incorporated, Archer-Daniels-Midland Company, FMC Corporation, E. I. du Pont de Nemours and Company, Ingredion Inc., Ashland Global Holdings Inc., Pfizer Inc., Kerry Group plc., Kraft Foods Inc., and Ulrick & Short among the other players operating in the global fat replacers market.
By Product Type
· Bakery & Confectionery
· Convenience Food
· Processed Meat Products
· Dairy & Frozen Desserts
· Sauces & Dressings
· North America (U.S., Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)
On the basis of product type, the global fat replacers market has been segmented into protein-based, carbohydrate-based, and lipid-based. The protein-based segment is anticipated to grow at a significant pace during the forecast years, due to increasing demand for protein-rich food products, but low-fat content. Protein plays a significant role in weight management, hence the demand for protein-based fat replacers is expected to witness a rise in the forthcoming years.
On the basis of application, the global fat replacers market has been segmented into bakery & confectionery, convenience food, processed meat products, dairy & frozen desserts, sauces & dressings, beverages, and others. Bakery & confectionery segment is anticipated to hold a major market share in the global fat replacers market during the forecast period, due to increasing awareness among consumers towards the benefits of consuming good fats. Increasing demand for low-fat and low-calorie bakery products such as pastries, pizza, cakes, and others is further projected to aid the growth of the segment.
Asia Pacific is projected to grow at a faster pace during the forecast years, owing to the rapidly growing population of the region which has contributed to the rapid growth in the food & beverage industry of APAC. Increasing health consciousness among consumers, coupled with rapid urbanization and increasing demand for convenience food in APAC is projected to further contribute to the growth of fat replacers market of the region. North America is expected to hold a major market share in the global fat replacers market, due to increasing adoption of healthy lifestyle and eating habits by the consumers of the region. Growing obesity prevalence in the region is expected to be one of the prominent reasons that will fuel the growth of fat replacers market in North America.