Published on : Aug 07, 2018
Albany, New York, August 7, 2018: Market Research Hub (MRH) has freshly publicized a study titled “Global Market Study on Specialty Fats and Oils: Specialty Oils to Account for More Than Three-Fourths of the Global Market Share During 2017 – 2025” to its massive repository, which offers a comprehensive analysis of the current market trends and future estimations in the market. The chief objective of the report is to offer an extensive strategic scrutiny of worldwide specialty fats and oils market revenue (US$) along with the growth estimations for the period, 2017 till 2025. According to the study evaluations, the global specialty fats and oils market was valued at about US$ 36 Bn in 2016 and is projected to be valued at around US$ 57 Bn by 2025 end. Sales revenue is expected to increase at a CAGR of 5.2% during the forecast period 2017-2025.
Initially, the research aims to provide a comprehensive view of the market by presenting specialty fats and oils market snapshot along with overall information on various segments and sub-segments. This subsequent section also provides analysis of the global specialty fats and oils market with respect to the leading market segments which are based on product type, application, end-user, and geographies. On the basis of geography, the research outlines market scope in some prime regions, such as Europe, Latin America, Asia-Pacific, North America and Middle East & Africa.
Analyst of the report studied that there has been significant growth in the global specialty fats and oils market in the past few years due to rising consumption of specialty oils in several industrial applications. In addition, research in developing specialty fats and oils has also increased significantly due to the growing demand for value-added ingredients across the food and beverages industry. In the present time, companies active in the market of specialty fats and oils are focusing on launching several specialty fats and oils products with different value-added offerings.
As mentioned earlier, the report throws light on major segments of the market. On the basis of product type, the global specialty fats and oils market has been segmented into specialty oils and specialty fats. Specialty oils segment is further sub-segmented into palm oil, soya oil, peanut oil, coconut oil, rapeseed oil, sunflower oil, olive oil and others. Specialty fats include cocoa butter substitutes, lauric fats, creaming fats, anhydrous milk fats, butter, margarine, shortenings and others. Major end-use include industrial, commercial (Hotel/Restaurant/Café), and household segments. Of these, the industrial segment is expected to hold more than 45% share of the global market by 2025. From a geographical standpoint, the study finds that APAC is projected to be the most attractive regional market in the global specialty fats and oils market during the mentioned forecast period.
At present, some of the significant players operating in the specialty fats and oils market include Cargill Inc., Fuji Oil USA, Specialty Fats, Wilmar International Limited, Puratos Group NV (Coprem Nv), IFFCO Group, 3F GROUP, Musim Mas Group, De Wit Specialty Oils, Oleo-Fats Inc. (D&L Industries Inc.), and others.
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