"Market Intelligence that Adds Flavour to Your Success"

Specialty Fats & Oils Market Size, Share & Industry Analysis, By Type (Specialty Oils, Specialty Fats), By Application (Confectionery, Bakery, Dairy, Cosmetics, Others), and Regional Forecast 2021-2028

Region : Global | Report ID: FBI101481 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global specialty fats & oils market size is driven by a growing demand for high-quality fats and oils for designing and developing products that are not only functionally superior but also exhibit improved nutritional content by addressing the consumer concerns towards heart health.


Specialty fats & oils are intermediate products with distinct characteristics and superior functional properties as compared to traditional ones such as margarine and shortening. This superior trait is attributed to the modified crystal structure of fat molecules in them. The specialized structure allows for customized applications in a variety of food products. They were initially conceptualized to replace cocoa butter by imitating its organoleptic characteristics.


To gain extensive insights into the market, Request for Customization


The global market has witnessed a strong demand for cocoa butter. However, the lack of supply owing to the seasonal harvesting scenario has brought specialty fats & oils to the forefront. The ability of these fats to fulfill the targeted characteristics in products such as dairy, bakery, confectionery, and cosmetics is driving the market.


Manufacturers like Cargill are seeking to capitalize and innovate on niche application areas. For instance, Cargill develops a whole range of lauric specialty fats and oils for confectionery applications. Companies in the industry are also focussing on new product development and expansion in distribution channels for increasing or retaining specialty fats & oils market share.


The robust demand for high quality, safe and indulgent bakery and confectionery products is fuelling the sales growth of specialty fats & oils in the global marketplace. Major confectioners and baking establishments have become more sensitive towards the health concerns of the consumers. Specialty fats & oils are touted as a balance between the health and indulgence of processed food products. The price fluctuation of oil crops resulting from weather, political and economic instability is expected to hamper the specialty fats & oils market growth.


Key Players Covered


Some of the major companies that are present in the global specialty fats & oils market include Cargill, Liberty Oil Mills Ltd., Willmar International Limited, Henry Lamotte Oils GmbH, and the Savola Group.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Specialty Oils (Palm oil, Soybean Oil, Rapeseed/Canola Oil, and Peanut Oil)

  • Specialty Fats (Cocoa Butter Substitutes, Cocoa Butter Equivalents, Cocoa Butter Replacers, and Others)



By Application




  • Confectionery

  • Bakery

  • Dairy

  • Cosmetics

  • Others



By Geography




  • 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, UAE, and Rest of ME&A)



Palm oil is one of the leading segment in the global market of specialty fats & oils owing to its wider availability and superior composition. Moreover, palm oil is a versatile ingredient that is used as raw material for both food and non-food products.


Confectionery followed by bakery are the two leading application segments of specialty fats & oils market. These specialty ingredients are known to impart specific sensory and textural characteristics in confections.          


The anti-inflammatory features of specialty fats & oils also make them suitable for cosmetics and personal care applications. Cosmetic companies are increasingly seeking specialized oils of consistently high quality coupled with added benefits. The antioxidants in these type of fats are known to neutralize the free radicals thereby helping in rejuvenating the skin and addressing the growing inclination towards “natural” cosmetic products.


Regional Analysis


The Asia Pacific is expected to remain a leading regional market for specialty fats and oils owing to the robust production scenario coupled with strong export potential emerging from western countries. The region has also witnessed huge demand for such fats and oils in bakery, confectionery and dairy sectors. The consumers have also realized the potential health benefits of specialty fats and oils. There is a strong inclination towards such ingredients that are not only healthy but also retain the sensory characteristics of the food products in which they are utilized.


Specialty oils and fats with genuine and reliable certifications are appealing food and cosmetic products manufacturers in the developed market. These fats with high exclusivity factor is expected to witness greater utilization in the development of high-value, premiums offerings.


Consumers have also shown greater willingness to pay a higher price for the products developed using specialty oils, this has also boosted confidence of manufactures thereby driving the overall market for specialty fats and oils.


Key Industry Developments



  • In October 2018, NatureFresh, the home-grown brand of Cargill’s food business in India extended its offering into premium health oil space with the launch of NatureFresh Acti Heart. The launch of NatureFresh Acti Heart is in line with Cargill India’s endeavor of expanding its health & wellness portfolio while fueling Indian kitchens through value-added premium offerings.

  • In December 2017, Cargill introduced the lowest saturated fat, high oleic canola oil available to commercial food customers worldwide. Cargill has established a long history of gathering market insights to deliver first-to-market specialty canola oils that meet the food industry's nutritional and performance needs


Specialty Fats & Oils Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Mckinsey
Ferrero
Bunge
BCG
Pont Europe

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X