Whey Finance

Fat Substitute Market Valuation Will Hit USD 2.96 Billion By

New York, U.S., Aug. 22, 2022 (GLOBE NEWSWIRE) — Market overview

According to a comprehensive research report by Market Research Future (MRFR), “fat substitutes market Information by Type, Source, Form, Application and Region – Forecast to 2030the market is expected to acquire a size of over $2.96 billion by the end of 2030. The report further predicts that the market will flourish at a healthy CAGR of over 3.51% during the period. of examination.

Market summary

Compared to traditional fats, fat substitutes have comparable physical and chemical qualities. Fat substitutes are significantly more stable and contain fewer calories. They are used to make food products that are low in fat and calories. In most cases, proteins, carbohydrates, fats and other ingredients are used to prepare fat substitutes. One of the driving factors driving the development of the market is the increasing demand for low-fat and fat-free foods brought about by changing food standards, rising health concerns, and growing consumer willingness to accept alternatives to fat. There are fat substitutes made up of proteins, fats and carbohydrates. Most cuisines use a variety of fat substitutes from a variety of sources. Even though many ingredients have long been used in kitchens, they are now being used in new ways.

Due to the rising incidence of obesity and other chronic diseases globally, the fat substitute market is expected to grow rapidly over the forecast period. The global fat substitute market is expected to grow as consumers realize the health benefits of low-fat diets and major industry players launch more products in the market. . Food manufacturing companies regularly spend on research and development projects to create products with fewer calories and better flavor. The need for more refined products is expected to increase due to the changing food industry environment.

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Report Scope:

Report attribute Details
Market size 2030 $2.96 billion
CAGR 3.51% (2021-2030)
Year of reference 2020
Forecast period 2021-2030
Historical data 2019
Forecast units Value (USD billion)
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Segments Covered by type, source, form, application
Geographical areas covered North America, Europe, Asia-Pacific and Rest of the World (RoW)
Key Market Drivers Increase in obese population
Strong demand for a low-calorie ready meal

Market Competitive Landscape:

Distinguished Players in the Fat Substitute Market are:

  • Archer-Daniels-Midland Company (USA)
  • Kerry Group plc. (Ireland)
  • FMC Corporation (USA)
  • Ashland Global Holdings Inc. (USA)
  • Cargill Inc. (USA)
  • EI du Pont de Nemours & Company (United States)
  • Pfizer Inc. (USA)

Covered USP market:

Market factors:

Chemically, fat substitutes are similar to proteins, carbohydrates, and fats. Consumers are changing their eating habits and eating less fat due to their better understanding of health risks. Fat replacement products have a huge market opportunity due to these factors. Currently, fat replacement is beneficial to society because excessive fat consumption can lead to high blood cholesterol, obesity, cancer or coronary heart disease. The global fat substitute market is expanding due to growing consumer health awareness and growing number of obese consumers. The creation of a wide range of products through advances in technology has broadened the appeal of fat substitutes.

The major factors influencing the development of this market are the health benefits associated with the use of fat substitutes to manage body weight and metabolism. Another driver of the growing demand from this sector is the changing eating habits of customers. In addition, the growing government support for fat substitutes and the launch of initiatives by food and health regulatory authorities to reduce the fat content of food and beverage products are expected to drive the expansion of the market. .

Browse the in-depth market research report (110 pages) on fat substitutes: https://www.marketresearchfuture.com/reports/fat-replacers-market-4802

Market constraints:

Counterfeit products are one of the major factors limiting the growth of the fat substitutes market. The fat substitute market is largely constrained by the potential negative health effects of excessive consumption of fat substitutes. Furthermore, it is expected that the expansion of the fat substitutes market in the coming years would be hampered by the fact that most of them would be unable to replicate 100% of the qualities of fats and mimic their sensory properties. which give foods a specific and desirable flavor and texture. During the projected period, unfavorable taste as compared to fats and nutritional issues with fat substitutes will limit the market growth.

COVID 19 Analysis

Due to the ongoing COVID-19 pandemic, consumers are increasingly aware of the importance of healthy eating and therefore show a greater preference for low-fat or fat-free food products. This represents a lucrative opportunity for key players to innovate in product type and ingredient selection to appeal to the growing segment of health-conscious consumers.

Market segmentation

By type

The protein segment will lead the market during the forecast period.

By form

Powder will lead the market during the forecast period.

By app

Dairy products and frozen desserts will drive the market forward over the forecast period.

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Regional outlook

North America held the leading market share in the global fat substitute market. Recently, there has been an increase in the demand for low calorie foods and beverages in the region. North America dominates the fat substitute market, followed by Asia-Pacific. Because more and more people realize the benefits of adopting a low-fat diet, the United States has seen an increase in fat substitutes in dairy products and confectionery. The popularity of low-calorie, low-fat comfort foods is a major driving force in the food and beverage industry.

Additionally, growing consumer awareness of fat substitutes and growing desire for a traditional fat substitute with fewer calories in foods and beverages has sparked interest in fat substitutes in Asia-Pacific countries. such as China and India, which is likely to support the growth of fat substitutes. market during the audit period. The food and beverage business in APAC is expected to grow rapidly owing to the region’s rapid population increase, which has also contributed to its development. It is expected that growing consumer health awareness, rapid urbanization and growing demand for convenience foods in APAC will further fuel the expansion of the region’s market for fat substitutes.

In Europe, fat substitutes and their different variants are the most consumed. Distinct regions have different preferences for various types of fat substitutes. As a result, the demand for ready-to-eat items and nutrient-dense foods is increasing, driving the fat substitute market in Europe. Asia-Pacific is expected to experience rapid expansion over the projected period due to an increase in population and rising nutritional requirements per person.

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