Market Size

The global specialty fats & oils market size was valued at USD 12.5 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The Specialty Fats & Oils market analysis shows that it will grow with a CAGR of 19.8% over the forecast period of 2021 to 2027.

Market Insight

The gradual onset of factors such as an increase in bakery and processed food consumption, an increase in demand for nutritional food products, as well as the growth and rising living standards of large segments of the population, particularly in emerging and developing markets, have sparked a demand for various types of edible fats and oils.

Market Driver

Cocoa beans are one of the primary ingredients used in the manufacture of chocolate. However, in recent years, overall cocoa bean production has been slightly hampered by uncertain climatic conditions in top cocoa-producing countries. With rising demand for cocoa as an ingredient on the one hand and declining production rates on the other, specialty fats provide a viable alternative. Specialty fats such as cocoa butter equivalents and cocoa butter substitutes share many of the same characteristics as cocoa. Additionally, specialty fats are more affordable than cocoa butter.

COVID-19 Impact

As the virus continues to spread rapidly on a global scale, countries around the world are implementing measures to prevent further contagion, including social isolation, contact tracing, self-quarantining, surveillance, communication, and testing. The global market for specialty fats and oils has shifted in response to the coronavirus crisis, resulting in increased price uncertainty. Palm oil, the most produced type of oil on a global scale, has been impacted as demand has decreased globally, trade has been disrupted, and production has been harmed in Indonesia and Malaysia, according to top regional producers of vegetable oils such as Wilmar International and Mehwah Group. The bakery and confectionery industries saw an increase in sales as consumers stocked up on these items during lockdowns. The bakery and confectionery industries also saw an increase in sales, as consumers stocked up on these items.

Research Methodology

Specialty Fats & Oils market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Specialty Fats & Oils Market Size and Outlook by Type

• Specialty Fats
  • Cocoa Butter Equivalents
  • Dairy Fat Replacers
  • Cocoa Butter Substitutes
  • Replacers
  • Cocoa Butter Improvers
  • Others
• Specialty Oils
  • Palm oil
  • Coconut oil
  • Soybean oil
  • Sunflower oil
  • Rapeseed oil
  • Others

Specialty Fats & Oils Market Size and Outlook by Form

• Dry
• Liquid

Specialty Fats & Oils Market Size and Outlook by Application

• Chocolates & confectionery
• Bakery products
• Processed foods
• Animal nutrition
• Dairy products
• Infant nutrition
• Others

Specialty Fats & Oils Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• AAK AB (Sweden)
• Bunge Limited (US)
• Cargill, Incorporated (US)
• Fuji Oil (Japan)
• IFFCO (UAE)
• IOI Loders Croklaan (Malaysia)
• Manildra (Australia)
• Mehwah International (Singapore)
• Musim Mas (Singapore)
• Wilmar International (Singapore)

Actionable Outcomes

Our Specialty Fats & Oils Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will function in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Specialty Fats & Oils market size
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Specialty Fats & Oils market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Specialty Fats & Oils market share
• Measures to consider for Specialty Fats & Oils market