Loading...
| A16960 | Pages: 249 | Jun 2022 | 56 Views | | |
| Author(s) : Jaya Bundele , Roshan Deshmukh | Tables: 146 | Charts: 59 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the
Request Now !Fat replacers, also known as fat substitutes, are chemicals that replace all or part of the fat in a product while maintaining the same flavor, texture, and mouth feel. Fat replacers are useful in two ways. They lower the fat content of food while also lowering the calorie count. Carbohydrate, protein, and lipid-based fat replacers are all available. Various fat replacers from various sources are used in most cuisines. Many of the ingredients have long been found in foods, but they are now being employed in new ways.
The impact of COVID-19 pandemic on the global fat replacers market was moderate in nature. The supply chain disruption due to trade and lockdown restrictions had negative impact on the market. On the other hand, the growing trend of healthy and nutritious diet had positive impact on the market.
Get more information on this report : Request Sample Pages
Fat replacers are chemically similar to lipids, proteins, and carbs. Consumers' growing awareness of health issues is causing them to adjust their eating habits and consume less fat. As a result of these factors, fat replacers have a significant market opportunity. Currently, fat replacers are a blessing to society, as a high fat diet can lead to obesity, cancer, high blood cholesterol, and coronary heart disease. Over the projection period, demand for low-calorie dietary items and innovative food components is expected to drive growth. The food industry's changing landscape is expected to drive demand for more refined products. Food manufacturers are always spending in research and development to make goods with the fewest calories possible.
According to global fat replacers market analysis, the global market is segmented on the basis of source, type, application, and region. On the basis of source, the fat replacers market is classified into plants and animals. On the basis of type, the market is classified into carbohydrate-based, protein-based, and fat-based. On the basis of application, it is segmented into bakery & confectionary, processed meat products, dairy & frozen desserts, and others. Region wise, the fat replacers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The animals segment is the fastest growing segment in the market, owing to simulate the texture and sensory qualities of fat in food. Developing regions of Asia-Pacific and LAMEA are anticipated to provide great opportunities to the market during the fat replacers market forecast period.
Fat Replacers Market
By Type Protein based segment is the fastest growing segment during the forecast period
The carbohydrate-based segment is the most lucrative in the market, owing to low calorie density. In addition, the presence of various popular brands such as Archer Daniels Midland Company and Koninklijke DSM boosts the expansion of premium quality of fat replacers. The market is more concentrated in Asia-Pacific and grows rapidly in Europe.
Fat Replacers Market
By Application Bakery and Confectionary segment is the largest revenue generating segment in 2021
The fat replacers are mostly preferred as bakery and confectionary products. This is attributed to the growing preference for ready to eat and baked food products. Thus, the processed meat products segment is the largest segment in the market.
Fat Replacers Market
By Region 2031Europe North AmericaAsia-pacificLamea Asia-Pacific is the fastest growing region through the forecast period
Region wise, Europe dominated the market with largest fat replacers market share during the forecast period. Fat replacers and its different varieties are the mostly consumed in Europe, especially in the UK and Germany. The preference for fat replacers of different types changes with different geographical locations. Thus, the growing preference for nutritious and healthy food products as well as ready to eat products are driving the fat replacers market growth in Europe region. Due to increased population and rising nutritional requirements per person, Asia-Pacific is expected to grow at a fast pace during the projection period.
The main benefit of a fat replacer is that it substitutes fat in food with protein, which is an added benefit. Because of the increased knowledge of its different health benefits among the health business, this fat replacers market is rising rapidly. It has a wide range of uses, particularly in nations like Europe, where baked cuisine is one of the most popular foods. The primary element propelling overall sales is growing customer awareness of the importance of replacing fat without sacrificing the nutritious composition of food. The majority of regions are adapting to the transition, and a protein-based fat replacer is one of the most popular.
One advantage of protein-based fat replacers over carbohydrate-based fat replacers is that they are partially or totally digested, increase food quality, nutritional value, and functional qualities, and lower cholesterol, fat content, and calorie density of low-fat diets. In addition, the rising prevalence of obesity and the emergence of health-related programmes has been a major driving force for this market. Protein-based foods are not only important for your health, but they also improve the texture and smoothness of your cuisine. As new and innovative goods are introduced, it is finding new applications in the confectionary sector. It's a market with a lot of room for expansion and a lot of advantages.
The major players analyzed for the fat replacers industry are Archer Daniels Midland Company, Ashland Global Holdings Inc., Associated British Foods Plc., BENEO, Corbion NV, CP Kelco U.S., Inc., Epogee, Grain Processing Corporation, Ingredion Incorporated, and JELU-WERK J. Ehrler GmbH & Co. KG. The other players operating in market are Kerry Group PLC., Koninklijke DSM, Nestlé S.A., Tate & Lyle PLC, and Ulrick & Short. To improve their product offers, businesses are working on new product development and collaborations. Companies are anticipated to see enormous revenues in the next years as people become more aware of their health.
Key Market Segments
Key Market Players
Note: Details on financial performance and strategic moves and developments may not be captured for unlisted companies.
According to insights of CXOs of leading companies, health and wellbeing is becoming increasingly essential for European customers, who are looking for more healthy snacking options on the go. Sales of healthy and low-calorie food products are rising in the UK, France, Germany, Italy, and Russia, which propels the Fat replacers market. Access to a diverse range of foods & beverages options is becoming increasingly important, opening up attractive growth potential for manufacturers and retailers. Manufacturers are responding by inventing goods that are more suitable to healthy snacking as consumers demand healthier alternatives to sugary snacks and fats.
Furthermore, the Fat replacers market is developing as a result of increased demand for nutritious meals from a growing number of health-conscious customers, as well as increased government and market-player investments. Fat replacers are widely popular in countries such as India, China, Japan, and South Korea. In Western countries such as the UK and the U.S., the market for fat replacers is yet to emerge significantly. As consumers become more aware of numerous health benefits of the fat replacers, demand for them is expected to surge in the future. A wide number of underdeveloped markets are expected to also encourage new entrants. Fat replacers are becoming increasingly popular as a fat alternative and substitution.
A. The global fat replacers market size was valued at $3,339.6 million in 2021, and is projected to reach $6,430.9 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
A. The forecast period in the fat replacers market report is 2022 to 2031.
A. The base year calculated in the fat replacers market report is 2021.
A. The market value of the fat replacers market in 2021 was $3,339.6 million.
A. The top companies analyzed for global fat replacers market report are Archer Daniels Midland Company, Ashland Global Holdings Inc., Associated British Foods Plc., BENEO, Corbion NV, CP Kelco U.S., Inc., Epogee, Grain Processing Corporation, Ingredion Incorporated, and JELU-WERK J. Ehrler GmbH & Co. KG.
A. The carbohydrate-based segment is the most influential segment in the fat replacers market report.
A. Europe holds the maximum market share of the fat replacers market.
A. The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Buy Now *Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
