Global specialty fats & oils market is projected to reach USD 4 Billion by 2028, growing at a CAGR of over 8% during 2024-2028 due to rising income, growing purchasing power, growing demand for processed food and growing middle class population.
Global specialty fats & oils market is segmented based on type, form, functionality, application and region. Based on application, the specialty fats & oils market is segmented into chocolates & confectioneries, bakery products, processed foods, and dairy products. Bakery products segment dominated the market in 2022 due to increasing production and consumption of ultra-processed food, mainly bakery products such as bread, pastries, cakes, and cookies.
Based on form, the dry segment accounted for the largest market share followed by the liquid segment. Regionally, Asia Pacific region is predictable to account for the largest share due to rising purchasing power, rapid growth of the middle-class population, and consumer demand for processed products.
Some of the leading players in the global specialty fats & oils market are Wilmar International, Cargill, Musim Mas, International Foodstuff Company Limited (IFFCO), Bunge, AAK AB, IoI Group, Mewah International, Fuji Oil, D&L Industries.
Objective of the Study
- To analyse and forecast the market size of Specialty Fats & Oils Market, in terms of value & volume.
- To classify and forecast Global Specialty Fats & Oils Market based on type, form, functionality, application and regional distribution.
- To identify drivers and challenges for Global Specialty Fats & Oils Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Specialty Fats & Oils Market.
- To conduct the pricing analysis for Specialty Fats & Oils Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Specialty Fats & Oils Market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers across the globe. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the suppliers which could not be identified due to the limitations of secondary research. marketinsights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
marketinsights Research calculated the market size of Global
Key Target Audience
- Specialty Fats & Oils manufacturers
- Raw Material Supplier
- End Users
- Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type· Form· Functionality· Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Qatar; Brazil, Argentina, Colombia; |
| Key companies profiled | Wilmar International, Cargill, Musim Mas, International Foodstuff Company Limited (IFFCO), Bunge, AAK AB, IoI Group, Mewah International, Fuji Oil, D&L Industries. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Global Specialty Fats & Oils Market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Global Specialty Fats & Oils Market, By Type
- Specialty Fats
- Cocoa Butter Equivalents
- Cocoa Butter Improvers
- Cocoa Butter Replacers
- Dairy Fat Replacers
- Others
- Specialty Oils
- Palm Oil
- Coconut Oil
- Soybean Oil
- Rapeseed Oil
- Others
- Global Specialty Fats & Oils Market, By Form
- Global Specialty Fats & Oils Market, By Functionality
- Molding
- Texturing
- Filling
- Coating
- Health
- Others
- Global Specialty Fats & Oils Market, By Application
- Chocolates & Confectioneries
- Processed Foods
- Bakery Products
- Dairy Products
- Others
- Global Specialty Fats & Oils Market, by Region
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
