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Africa Fat Replacers Market Size, Industry Report [2030]

Africa Fat Replacers Market

Name: Growth Market Reports
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Segments - by Applications (Processed Meat, Beverages, Bakery & Confectionery, Dairy Products, and Others), Types (Protein-based, Carbohydrate-based, and Lipid-based), Sources (Animal and Plant), and Geography (South Africa, Tanzania, Nigeria, Ghana, Kenya, and Rest of Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author :

Anuradha B. More

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Vaibhav Chandola

Editor :

Aman Singh

Report Description

The Africa fat replacers market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing demand for dairy products along with healthy dietary habits of the consumers.

A fat replacer or substitute is a food product that has the same stability, functions, physical, and chemical properties as conventional fat but contains fewer energy per serving. These substitutes are used to make foods less contain of fat and calories. The use of fat replacers can help to reduce overall fat and calorie intake from diet. This is beneficial for individuals who want to cut down on any of the fat associated diets, especially when they have health condition that is linked to a high-fat diet. However, the fat replacer by itself can lower the percentage of kilocalories consumed from dietary fat, it may not be enough to lessen total energy consumption of an individual unless the balance of the diet is low in energy density and high quality. The COVID-19 pandemic has positive impact on the Africa fat replacers market owing to the changes in consumer behavior and demand along with purchasing patterns across the geography.

Market Trends, Drivers, Restraints, and Opportunities

Rising awareness for healthy lifestyle among a large section of the population in the region is one of the key factors driving the market.
Inclination of consumers towards the consumption of healthy diet and its benefits to prevent from chronic illness or acute disease is expected to boost the market in the coming years.
Lack of awareness related to fat replacers in the geography presents a major challenge. This is anticipated to hamper the market growth in the projected period.
Risk and disease associated with high intake of dietary fat is expected to hinder the market during the projected period.
Production of low-fat foods that replicate the texture and flavor of high-fat foods is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the Africa fat replacers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Fat Replacers Market - Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Processed Meat, Beverages, Bakery & Confectionery, Dairy Products, and Others), Types (Protein-based, Carbohydrate-based, and Lipid-based), and Sources (Animal and Plant)
Geographic Scope	South Africa, Tanzania, Nigeria, Ghana, Kenya, and Rest of Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Tate & Lyle PLC; Corbion N.V.; Ingredion Inc.; Lesaffre; and Ulrick & Short Ltd.

Market Segment Insights

Processed meat segment to grow at a rapid pace

Based on applications, the Africa fat replacers market is divided into processed meat, beverages, bakery & confectionery, dairy products, and others. The processed meat segment is expected to grow at a rapid pace during the forecast period attributed to rising utilization of the fat substitute in the preparation of processed meat. Moreover, the rising demand for healthy food items among health-conscious population in the region presents another key driver of the segment. However, the dairy products segment is anticipated to hold a key share of the market in the coming years due to increasing adoption and awareness related to fat replacer in milk-based products.

Protein-based segment to expand at a considerable CAGR

In terms of types, the market is segregated into protein-based, carbohydrate-based, and lipid-based. The protein-based segment is projected to expand at a considerable CAGR during the forecast period owing to several applications in dairy products such as sour cream, cream, ice butter, cheese, and yogurt. On the other hand, the carbohydrate-based segment is anticipated to account for a major market share during the forecast period due to its property of creaminess, which is same as natural fat.

Plant segment to hold significant market share

On the basis of sources, the Africa fat replacers market is bifurcated into animal and plant. The plant segment is anticipated to hold significant market share in the coming years attributed to health benefits associated with the consumption of fat replacer obtained from plant. However, the animal segment is anticipated to expand at a substantial CAGR during the forecast period due to increasing health awareness regarding good fats extracted from animals.

South Africa to constitute a key market share

In terms of geography, the market is classified as South Africa, Tanzania, Nigeria, Ghana, Kenya, and Rest of Africa. South Africa is expected to constitute a key share of the market during the projected period owing to the presence of a large number of health-conscious population and their demand for low-calorie food & beverages products. However, the market of Ghana is anticipated to expand at a rapid pace during the forecast period attributed to growing population and rising nutrition requirement per person.

Segments

The Africa fat replacers market has been segmented on the basis of

Applications

Processed Meat
Beverages
Bakery & Confectionery
Dairy Products
Others

Types

Protein-based
Carbohydrate-based
Lipid-based

Sources

Animal
Plant

Geography

South Africa
Tanzania
Nigeria
Ghana
Kenya
Rest of Africa

Key Players

Tate & Lyle PLC
Ingredion Inc.
Corbion N.V.
Lesaffre
Ulrick & Short Ltd.

Competitive Landscape

Key players competing in the Africa fat replacers market are Tate & Lyle PLC; Corbion N.V.; Ingredion Inc.; Lesaffre; and Ulrick & Short Ltd. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fat Replacers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fat Replacers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fat Replacers Market - Supply Chain
  4.5. Global Fat Replacers Market Forecast
     4.5.1. Fat Replacers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fat Replacers Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Fat Replacers Market Absolute $ Opportunity
5. Global Fat Replacers Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fat Replacers Market Size and Volume Forecast by Types
     5.3.1. Protein-based
     5.3.2. Carbohydrate-based
     5.3.3. Lipid-based
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fat Replacers Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Fat Replacers Market Size and Volume Forecast by Applications
     6.3.1. Processed Meat
     6.3.2. Beverages
     6.3.3. Bakery & Confectionery
     6.3.4. Dairy Products
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Fat Replacers Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Fat Replacers Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Fat Replacers Demand Share Forecast, 2019-2026
8. North America Fat Replacers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Fat Replacers Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Fat Replacers Market Size and Volume Forecast by Types
     8.4.1. Protein-based
     8.4.2. Carbohydrate-based
     8.4.3. Lipid-based
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Fat Replacers Market Size and Volume Forecast by Applications
     8.7.1. Processed Meat
     8.7.2. Beverages
     8.7.3. Bakery & Confectionery
     8.7.4. Dairy Products
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Fat Replacers Demand Share Forecast, 2019-2026
9. Latin America Fat Replacers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Fat Replacers Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Fat Replacers Market Size and Volume Forecast by Types
     9.4.1. Protein-based
     9.4.2. Carbohydrate-based
     9.4.3. Lipid-based
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Fat Replacers Market Size and Volume Forecast by Applications
     9.7.1. Processed Meat
     9.7.2. Beverages
     9.7.3. Bakery & Confectionery
     9.7.4. Dairy Products
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Fat Replacers Demand Share Forecast, 2019-2026
10. Europe Fat Replacers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Fat Replacers Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Fat Replacers Market Size and Volume Forecast by Types
     10.4.1. Protein-based
     10.4.2. Carbohydrate-based
     10.4.3. Lipid-based
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Fat Replacers Market Size and Volume Forecast by Applications
     10.7.1. Processed Meat
     10.7.2. Beverages
     10.7.3. Bakery & Confectionery
     10.7.4. Dairy Products
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Fat Replacers Demand Share Forecast, 2019-2026
11. Asia Pacific Fat Replacers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Fat Replacers Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Fat Replacers Market Size and Volume Forecast by Types
     11.4.1. Protein-based
     11.4.2. Carbohydrate-based
     11.4.3. Lipid-based
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Fat Replacers Market Size and Volume Forecast by Applications
     11.7.1. Processed Meat
     11.7.2. Beverages
     11.7.3. Bakery & Confectionery
     11.7.4. Dairy Products
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Fat Replacers Demand Share Forecast, 2019-2026
12. Middle East & Africa Fat Replacers Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Fat Replacers Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Fat Replacers Market Size and Volume Forecast by Types
     12.4.1. Protein-based
     12.4.2. Carbohydrate-based
     12.4.3. Lipid-based
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Fat Replacers Market Size and Volume Forecast by Applications
     12.7.1. Processed Meat
     12.7.2. Beverages
     12.7.3. Bakery & Confectionery
     12.7.4. Dairy Products
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Fat Replacers Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Fat Replacers Market: Market Share Analysis
  13.2. Fat Replacers Distributors and Customers
  13.3. Fat Replacers Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Tate & Lyle PLC
     13.4.2. Corbion N.V.
     13.4.3. Ingredion Inc.
     13.4.4. Lesaffre
     13.4.5. Ulrick & Short Ltd.

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