Global Specialty Fats and Oils Market Growth Outlook and Demand Forecast Presented during 2018 - 2026

Published on : Mar 29, 2018

Albany, New York, March 29, 2018: Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Specialty Fats and Oils Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026” to its wide repository. This study presents the current size of all the major segments of the market, coupled with their predicted growth by the end of 2026. In addition, global and regional trends that are playing a major role in driving the global Specialty fats and Oils Market have also been covered in the study.

As per the recent evaluations, global demand for specialty fats and oils is anticipated to drive the growth in the market for coming years. In 2017, specialty fats and oils market was valued at US$ 80.6 Bn, which is estimated to reach a value of US$ 142.1 Bn by 2025. Also, the market is all set to expand at a CAGR of 6.6% from 2018 to 2026.

Key Insights from the Report

Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. The demand, consumption, share, and size of every segment have been included in the research study to provide a clear understanding of the specialty fats and oils market. In addition, the growth rates of the segments have also been predicted in the report to help the key players in making effective financial decisions in the next few years.

In the introductory section, the readers will know what exact meaning of specialty fats and oils and why the demand has been increasing. Specialty fats and oils are mainly designed for customized end use application for processing of product with the unique specialization. The product design may vary according to the application of work to be performed. Major applications of specialty fats and oils identified in the study include Chocolate and Confectionary, Cosmetics, Baby Food, Bakery, Processed Food and Dairy.

Moving further, the report also throws light on major factors encouraging specialty fats and oils market growth steadily. Presently, increasing health awareness by consumer to reduce body cholesterol level, enhancing the nutritive value of product and useful to have uniform blending of ingredients in the processing of product by end-user application are the major driving force for the expansion of the Specialty fats and oils market.

The report has been further categorized on the basis of product type, application, by form. By product type, the specialty oils is sub-segmented into Corn Oil, Sun Flower Oil, Blend Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil, and Others. The specialty fats is sub-segmented into Cocoa Butter Substitute, Cocoa Butter equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Butter Substitute, Butter Oil Substitute, Spray Oil, Dairy Fat Replacers etc. On the basis of form type, the market is segmented into the Solid, Semi-Solid and liquid.

As the report accomplishes, the competitive landscape is emphasized which focuses on the major players functioning in the market. Key players include IFFCO, United Foods Company Cargill Incorporated, Willmar International Limited, and The Savola Group.

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