Fat Replacers Market Outlook 2031:
The global fat replacers market size was valued at USD 3.51 Billion in 2022 and is projected to reach USD 6.13 Billion by 2031, expanding at a CAGR of 6.4% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing requirement of ingredients that can enhance the texture of the food products.
A fat replacer is a non-fat material that has the same properties and functions as fat. It's a material with no health risks and a flavor similar to natural fat, but with less calories. Baked foods, cheese, yoghurt, butter, sauces, dressings, and gravies are all common sources.
Food starches, guar gum, polydextrose, dried plum paste, oat fiber, gum Arabic, xanthan gum, carrageenan, and wheat fiber are all carbohydrate-based fat replacers. Milk protein or egg white protein are used to make protein-based fat substitutes.
Fat Replacers Market Trends, Drivers, Restraints, and Opportunities
- Rising population, and increasing consumer income are anticipated to propel the fat replacer market growth.
- Rising obesity and health awareness is expected to boost the market growth during the forecast period.
- The flavor of fat substitutes does not match that of their full cholesterol equivalents, which can hamper the market.
- Rising trend for low-fat or fat-free foods is anticipated to create lucrative opportunities for the fat replacer market.
Scope of the Fat Replacers Market Report
The report on the global fat replacers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Fat Replacers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Sources (Plants and Animals), Types (Carbohydrate, Protein, and Lipid), Forms (Liquid and Powder), Applications (Processed Meat, Bakery & Confectionery, Beverage, and Convenience Food)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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CP Kelco U.S., Inc.; Grain Processing Corporation; Cargill Inc.; Archer Daniels Midland Company; and Tate & Lyle PLC
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Fat Replacers Market Segment Insights
Plant segment is expected to grow at a rapid pace
Based on sources, the market is divided into plants and animals. The plants segment is expected to grow at a rapid pace during the forecast period due to owing to the increasing adoption of plant-based fat replacer. Moreover, rising inclination toward vegan diet is propelling the segment growth.
Protein segment is projected to expand at a considerable CAGR
On the basis of types, the market is segregated into carbohydrate, protein, and lipid. The Protein segment is projected to expand at a considerable CAGR during the forecast period owing to rising demand for dairy products coupled with healthy dietary habits.
Liquid segment is anticipated to account for a significant market share.
Based on forms, the market is divided into liquid and powder. The liquid segment is estimated to account for a significant market share during the forecast period owing to Increasing demand for comfort foods. On the other hand, the powder segment is expected to grow at a steady rate in the coming years.
Bakery & confectionery segment is projected to expand at a considerable CAGR
On the basis of applications, the market is segregated into processed meat, bakery & confectionery, beverage, and convenience food. The bakery & confectionery segment is projected to expand at a considerable CAGR during the forecast period due to increasing awareness about leading a healthy lifestyle.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the global fat replacers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to improvement in global economy.
Moreover, the fat replacers market expansion is projected to be fueled by a variety of factors such as changing lifestyles, rising urbanization, and a surge in demand for convenience goods. Concerns about the harmful effects of calories and fat, as well as an increase in consumer knowledge about eating healthy, have fueled the product demand in the region.
Segments
The global fat replacers market has been segmented on the basis of
Sources
Types
- Carbohydrate
- Protein
- Lipid
Forms
Applications
- Processed Meat
- Bakery & Confectionery
- Beverage
- Convenience Food
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global fat replacers market are CP Kelco U.S., Inc.; Grain Processing Corporation; Cargill Inc.; Archer Daniels Midland Company; and Tate & Lyle PLC.
These firms typically use expansion and new product releases as their primary strategies to expand their product range and market share.
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