Global Specialty Fats & Oils Market Size Study, by Type (Specialty Fats, Specialty Oil) by Application (Chocolates & Confectioneries, Bakery Products, Processed Foods, Dairy Products, Other Application) by Form (Dry, Liquid) by Functionality (Molding, Filling, Coating, Stabilizing, Texturing, Health, Others) by Regional Forecasts 2017-2025
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Global Specialty Fats & Oils Market valued approximately USD 16.1 million in 2016 is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2017-2025.The market is primarily driven by factors such as the increasing gap between cocoa butter demand & supply. Another growth factor can be the increase in the consumption of confectionery and processed foods. However, the several health concerns related to excessive consumption of fats & oils are expected to restrict the growth of the specialty fats & oils market in the long run. Confectionery fats are one of the major food sources of trans-fat. The consumption of trans-fatty acids is strongly associated with an increased risk of cardiovascular diseases and cancer. As a result, there are more regulations on the usage of liquid oils used directly in sweet goods and icings.
One of the driving factors for the increasing use of specialty fats is their enhanced rheological properties such as viscosity, which facilitates efficient production of confectionery products. Thus, specialty fats & oils contribute significantly to the overall acceptance of confectionery products, which has led to their increased popularity in chocolate & confectionery products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Specialty Fats
- Cocoa Butter Equivalents
- Cocoa Butter Substitutes
- Cocoa Butter Replacers
- Cocoa Butter Improvers
- Dairy Fat Replacers
- Other Specialty Fats
- Specialty Oils
- Palm Oil
- Soybean Oil
- Coconut Oil
- Cotton Oil
- Rapeseed Oil
- Other Specialty Oils
By Application:
- Chocolates & Confectioneries
- Bakery Products
- Processed Foods
- Dairy Products
- Other Application
By Form:
- Dry
- Liquid
By Functionality:
- Molding
- Filing
- Coating
- Stabilizing
- Texturing
- Health
- Other Functions
By Regions:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Cargill, Wilmar International, Bunge, AAK AB, lol Group. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Specialty Fats & Oils Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
The research for global Specialty Fats & Oils market focuses deeply on the entire value chain of the market. However, the market size estimates are purely based on the consumer side of the value chain wherein the market sizes have been calculated by analyzing the average demand for Specialty Fats & Oils market across various applications.
The revenue for global Specialty Fats & Oils market is calculated as sum market sizes of different segments such as type, application, form, functionality and regions. Further, some other key data points considered to calculate the revenue for global Specialty Fats & Oils market includes:
- Revenues from key companies
- Key company market share analysis
- Consumer spending analysis
- Regional export and import analysis
- Sales revenue generated by various applications in different geographies
An extensive primary and secondary research has been conducted on key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify the market estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.
We utilize a combination of bottom-up & top-down methodology for market estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the market estimates and forecasts through primary interviews and feedbacks.
All the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from each other are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts.