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Global Fat Replacers Market Segmentation By Source (Animal and Plant), Type (Protein-Based, Carbohydrate-Based, and Lipid-Based), By Application (Bakery and Confectionery, Processed Meat, Convenience Food, Beverage, and Other), By Form (Powder and Liquid), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 11217
Pages: 175
Formats: report pdf report excel report power bi report ppt

Fat Replacers Market Size, Growth, Forecast (2023-2028)

The Global Fat Replacers Market size was worth US$ 1.53 billion in 2022, and it is predicted that it will reach US$ 2.34 billion, progressing with an annual expansion rate (CAGR) of 5.9% between 2023 and 2028.

Fat Replacers Market

Market Overview:

Fat replacers, also known as Fat substitutes, are substances that replace all or part of the fat in a food and give it a taste, texture and mouthfeel similar to that of the original whole fat food. Eating more and more natural fats can increase the risk of obesity and cancer, while eating saturated fats can end up with high blood cholesterol. Fat replacers play an important role in your diet to mitigate the health risks associated with them. Today, there are a variety of snacks available in the market that use fat replacers and focus on the needs of health-conscious people. Fat replacers are finding great applications in the production of salad dressings, crackers, low-fat cheese, potato chips, frozen desserts, and ice cream. Most of the new low-fat products made with these replacers are pending approval from the Food and Drug Administration. Fat replacers reduce the amount of fat in foods and generally reduce the calorie content of foods. It can be found in foods such as cheese, baked goods, yogurt, sour cream, salad dressings, sauces, margarine, and gravy. They are like natural fats in texture, creaminess, fragrance, mouthfeel, and palatability. Eating lots of natural fats can increase risk of obesity and cancer and eating saturated fats can increase blood cholesterol. Fat replacers are used as an alternative to fat in the diet to reduce the health risks associated with them. Fat replacers make it easier for health-conscious consumers to stick to a low-fat diet.

Fat Replacers Market Growth:

Increasing demand for low calorie diet products and premium food ingredients is expected to drive growth in the global fat replacers market during the forecast period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

5.9%

Segments Covered

By Source, Form, Application, Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cargill Inc, DuPont, Kerry Group plc, Archer-Daniels-Midland Company, FMC Corporation, CP Kelco, Corbion NV, Ashland Inc, Ingredion Inc, Koninklijke DSM, Nestlé SA, Solvaira Specialties and Others.

Drivers:

With the growing obesity outbreak around the world, consumers are looking for low-fat or fat-free food and drink products. More and more food and beverage manufacturers are using carbohydrate, protein and lipid-based fat replacers. Due to its cost effectiveness and numerous health benefits, a growing number of dairy manufacturers are replacing expensive dairy fat with vegetable fats. Manufacturers focus on improving the structural quality and taste of the Fat replacers used in dairy products. The global market for Fat replacers has seen strong growth driven by increasing people's awareness of the rise in obesity and excessive consumption of fat around the world. Also, people are changing their eating habits and diet with greater health awareness. This also acts as a growth driver for the global fat replacement market. New fat replacers are being developed as demand for fat-free dairy products that provide a taste and flavor similar to traditional dairy products increases. As health problems like high blood cancer, cholesterol, and heart disease increase, countless consumers are turning to low-calorie diets to offset their commercial penetration. Favorable regulations to promote foreign direct investment in various emerging economies are expected to stimulate the food and beverage industry, resulting in increased demand for products. Low-fat dairy beverages are gaining popularity around the world as a result of increased health awareness among consumers due to the introduction of new flavors and increased obesity. Furthermore, the increasing focus on healthy living and food consumption among people is supposed to drive the growth of the global fat replacements market during the projection period.

The global market for fat replacers is primarily driven by increasing obesity around the world and increased awareness among people about excessive fat consumption. The use of fat replacers in food products not only reduces fat intake, but also maintains the originality characteristics of foods without the related risk of fat consumption. The food and beverage industry is projected to experience remarkable growth in the coming years, due to economic improvement, population growth and increased consumer incomes. These macroeconomic indicators are supposed to drive the demand for Fat replacers during the conjecture period. Additionally, people are becoming more health conscious, thus transforming their eating habits and diet. This also acts as a growth driver for the fat replacement market, offering low-fat, consumer-friendly, and low-calorie food products without compromising the basic attributes of their intakes. The fat replacers market is projected to grow in the outlook period due to drivers such as the increased incidence of obesity among the young and elderly population, along with a greater inclination towards proper eating habits among the health-conscious population. In addition, increased awareness of the adverse effects of excessive dietary fat intake further fuels the demand for alternatives that contribute to the growth of the global fat replacers market.

Restraints:

Fat replacers alone cannot meet the essential attributes, food product manufacturers also offer a combination of reduced fat products and replacers. Strict regulations regarding food ingredients and adherence to quality standards are the main constraints for the fat substitute market. Fat replacers do not compare well to commercially available full replacers in terms of taste and flavor, which may be a key factor that is expected to slow the growth of the global fat replacers market. Fat also possesses certain sensory properties that contribute to the overall texture, flavor, and taste of foods, which cannot be completely replaced by Fat replacers. Therefore, this could act as a limiting factor in the growth of the fat substitute market, in turn challenging manufacturers to produce products that also meet these criteria.

Fat Replacers Market Segmentation Analysis:

Based on the source, the fat replacers market is divided into animals and plants. The plant sector is estimated to witness the highest CAGR during the predicted period as the adoption of plant-based replacers increases. Since animal protein is expensive to obtain, it is more obvious for food manufacturers to opt for vegetable fat replacers.

By type, the fat replacers market is divided into protein-based, carbohydrate-based, and lipid-based. It is estimated that the protein-based segment will witness the highest CAGR during the conjecture period.

According to the form, the fat replacers market is divided into powder and liquid. The liquid segment is estimated to witness the highest CAGR during the outlook period and is easy to use and maintain.

By application, the fat replacers market is segmented into bakery and confectionery, processed meats, prepared foods, beverages and others. The bakery and confectionery sector is touted to witness the highest CAGR during the projection period.

Impact of COVID-19 on the Fat Replacers Market:

Due to the ongoing Coronavirus pandemic, consumers are becoming more conscientious about a healthy diet, therefore a greater inclination towards low-fat or fat-free food products provides a lucrative opportunity for consumers to key players innovate in the type of product and also in the Fat replacers.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The North American market held the largest share in the global market for fat replacers due to increased health awareness and appearance awareness of local people. The United States remains the largest market for confectionery and processed diet foods. The trend toward maintaining a nutritionally healthy diet in the United States is expected to be a driving force in the years to come. The Asia Pacific region is foreseen to be the fastest growing market due to economic improvements. The massive consumption of prepared foods in countries like India, Malaysia, China and Indonesia is estimated to fuel the market for fat replacers. India and China are at the forefront of this market and are supposed to become the dominant players during the envisioned period. Due to the large population and high availability of plant proteins in the region, their use in the production of alternative oils is considered an important driving force in the region. The growing obese population in Asia is also a factor driving the foreign market in the area. The European market is likely to occupy the second highest percentage of revenue in the global fat replacers market.

Key Players in the Market:

Major Key Players in the Global Fat Replacers Market are

  • Cargill Inc
  • DuPont
  • Kerry Group plc
  • Archer-Daniels-Midland Company
  • FMC Corporation
  • CP Kelco
  • Corbion NV
  • Ashland Inc
  • Ingredion Inc
  • Koninklijke DSM
  • Nestlé SA
  • Beneo is. GmbH
  • Solvaira Specialties
  • Nestle
  • Tate & Lyle
  • P & G Food Ingredients
  • Frito-Lay
  • ConAgra Foods
  • Del Monte Foods
  • RS Flavor Ingredients
  • Levapan SA
  • J. Rettenmaier & Sohne
  • Kraft Foods

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FAQ's

What can be the size of the global Fat Replacers Market by 2028?

By 2028, it is predicted that the global Fat Replacers market can reach a valuation of US$ 2.34 billion.

What can be the compound annual growth rate of the global Fat Replacers market?

The Global Fat Replacers market can expand with a CAGR of 5.9% during the forecast period.

Mention the major Key Players in the Global Fat Replacers Market?

Cargill Inc, DuPont, Kerry Group plc, Archer-Daniels-Midland Company, FMC Corporation, CP Kelco, Corbion NV, Ashland Inc, Ingredion Inc, Koninklijke DSM and Others.   

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