Demand for Fat Replacer Market to Register 5.9% Growth During 2018-2027

Fat Replacer Market to Register 5.9% Growth during 2018-2027 – Reveals Fact.MR

The increasing demand for fat replacer in convenience foods & beverages, as well as bakery products and potential health benefits of fat replacer, are the key growth factors defining the Fat Replacer market. Also, the increase in health awareness among urban population and changing lifestyle due to rapid urbanization are the key parameters which boost the growth of the fat replacer market.

The prominent market players are strategically focusing on the introduction of enhanced product offerings to capture the maximum market share and improve the overall profitability. Urban consumers are aware of the new products that offer several benefits are available in the market which is the major driving forces for the consumer inclination towards fat replacers.

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The shifting preference towards consumption of dietary products among consumers owing to rising awareness regarding the various health benefits it offers, including normalized bowel movement, reduced cholesterol levels, controlled blood sugar levels and also aiding in maintaining healthy body weight is a significant factor driving the growth of the global fat replacer market.

This fat replacer report assesses trends are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to fat Replacer providers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

The sections, by ingredient type, by form, by source, and by application, evaluate the present scenario as well as growth prospects of the regional fat replacer market for 2018–2027. The North America market has been estimated to dominate the fat replacer market, accounting for the maximum revenue share of the market by 2018-end.

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Europe and Asia-Pacific markets are expected to account for over 25.7% and 21.8% revenue share, respectively, of the global fat replacer market by 2028 end. Among the emerging markets, APEJ is estimated to exhibit a significant CAGR of 6.0% over the forecast period, followed by MEA with 4.9%, and Latin America with CAGR 4.6%.

Market Segmentation

The fat replacer market is segmented on the basis of ingredient type, form, source, and applications. These key segments are further bifurcated into sub-segments to provide better insights into the fat replacer market. Based on the ingredient type, the market is segmented into carbohydrate-based, lipid-based, and protein-based. By form, the fat replacer market is segmented into power and liquid. On the basis of source, the market segments includes plant and animal. Based on application, the fat replacer market is segmented into bakery & confectionery products, convenience foods & beverages, dairy & frozen desserts, sauces, dressings, and spreads, and other applications.

Key Trends of Fat Replacer Market

The global food industry will continue to experience high demand across various regions worldwide. The introduction and adoption of facilities such as food delivery services have propelled the demand, showing an upward trend in the food industry. Some long-term trends in the food industry are:

Plant-based food products

Growing consumer interest in organic and vegan diets will drive rapid expansion in the food industry, allowing various new entrants and existing players to establish a firm foothold in the market.

Combining science with nutrition

Using technology to enhance the quality of food and beverages will drive sales in the food industry. Food products with enhanced nutritional value, sustainability, and ethical impact will continue to accelerate demand in various segments of the food industry across the globe.

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North America Region Critical in the Fat Replacer Market

The North America region is estimated to account for 37.2% market share in the global Fat Replacer market in 2018, and this share is expected to grow by a massive rate of 284 BPS. This highly populated continent is spearheaded by the rapid economic growth in U.S and customers in this country will continue to demand the maximum fat replacer. The sales of Fat Replacer  market value of over US$ 1,304.9 Mn in 2027 makes North America the behemoth in the global fat replacer market.

Global Fat Replacer Market: Competition Dashboard

Fact.MR has profiled some of the most prominent companies active in the global fat replacer market such as Cargill, Incorporated, Kerry Group Plc, Archer Daniels Midland Company, Royal DSM NV, Associated British Foods Plc, Ingredion, Inc., Tate & Lyle Plc, Ashland Global Holdings, Inc., FMC Corporation, Corbion NV, and others. The key players in fat replacer market are focusing on differentiated product offerings in order to expand their customer base and to enter the new markets.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/09/09/1912661/0/en/Health-Nutrition-Trends-Shaping-the-Future-of-the-Global-Whey-Protein-Market-Reveals-Fact-MR.html

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