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Global Normal & Specialty Fats Market by Type (Milk-fat Replacers, Butter, Shortenings, Margarines, Cocoa Butter Equivalent) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: FFA-73526
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 90
  • No. Of Pages: 221
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  • Pub. Date: 2021-10-21
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Summary of the Report

The global market for normal and specialty fats was valued at USD 29.0 million in 2019. It is expected to grow at 7.4% CAGR between 2020-2027. This is due to rising demand for confectionery and bakery products. The market is expected to grow due to the increasing demand for specialty fats and growth in food processing.

Bakery and confectionery are two of the most important consumer bases for specialty and normal fats. These fats can be used in candy preparations and polishing confectionery products. Two of the most important sources for fats are animals and plants.

Vegetable oils include soy, palm and rapeseed oils. These fats are also used in many commercial and industrial applications, including soaps and Lubricants. The market is expected to grow due to increased consumption of fats in food formulations.

Traditional fat producers have had to come up with alternative sources due to growing consumer awareness and increasing cases of obesity and overweight. Carrageenan, for example, is used as a fat replacement. It mimics fat properties and lowers calories when added to food products. Cargill, Inc., is a major industry player that develops and distributes carrageenan to be used as a fat substitute in food product manufacturing. This could pose a threat to market growth.

Type Insights

Butter was the most popular type of fat in 2019, followed closely by shortenings. Butter is a semisolid emulsion at room temperatures, which contains approximately 80% butterfat. Butter can be melted to make a spread or used in cooking, such as baking, making, and saucepan frying. Consuming low-calorie, low-fat, and cholesterol-free butter has been a positive step in reducing heart disease risk.

Shortenings have similar properties to lard. They are semi-solid fats with a high smoke point, which is higher than butter and margarine. Shortenings are safer for frying because they contain less water. Shortenings can have up to 100% of the fat content of margarine or butter, which is 80%. Monoglycerides are high in cake shortenings. These products are more compatible with hydrophilic ingredients like sugar and starches. These factors will likely increase the demand for dairy and bakery products in the near future.

Distribution Channel Insights

B2B was the dominant distribution channel in 2019, owing to the high demand from food and drink manufacturers around the globe, particularly those producing dairy, chocolates and bakery products, as well as convenience food products and restaurants. Due to the high demand from many end-use industries for fats, the market has a well-established distribution system that ensures product availability throughout the world. This includes selling, distributing and trading the product via the Internet, wholesalers and value-added distributions.

B2C is the selling of products to end-users or consumers through online, door-to-door, specialty, departmental, and supermarket stores. The sales of normal and specialty fats through supermarkets/hypermarkets are anticipated to witness significant growth in the near future. Online sales are expected to increase in Asia Pacific, Central and South America. This is due to the ease of purchasing the product online.

End-use Insights

Industrial was the most important end-use sector in 2019, followed closely by the commercial sector. Many food and beverage products are made from fats such as fried foods, cakes, biscuits and chocolates, as well as bakery products like margarine, butter, ice cream and spray drying. They can also be used in non-food industries such as paints and cosmetics, petrochemicals, leather, and textiles.

There are many commercial uses for different types of fats such as cafes, restaurants, local bakeries, and confectioneries. Because they contain full-fat milk, fat cuts of meat, cream and butter, saturated fats are more popular for commercial use. These fats are used primarily in the preparation of many commercial baked goods, including pastries, cookies, and deep-fried fast foods.

Application Insights

Bakery was the most popular application in 2019, followed closely by convenience foods. Bakery fats are essential in the preparation of many items, including pastries, cakes, and biscuits. They impart the product's taste, texture and flakiness. They improve the product's quality and enhance its handling. This includes the product's volume, texture, shelf-life, nutrition profile, and appearance. The U.S., Canada, Spain, Germany and Canada are high-income countries. Over the past few decades, there has been a rise in the production and consumption of ultra-processed foods and bakery products, including pastries, breads, cookies and cakes.

A wide range of convenience foods use vegetable fats as key ingredients, including soups and sauces for parties, cakes, muffins, breakfast cereals and coffee whiteners. They are used primarily in the production of nutritional supplements, food additives, and emulsifiers. The convenience food market is expected to grow due to rising living standards, increased disposable income, and the desire to eat convenience foods, particularly in developed countries. In the near future, this will fuel demand.

Regional Insights

Asia Pacific was the dominant market segment in 2019, followed by Europe. It is expected to continue to grow rapidly over the forecast period. The growth is expected to be aided by rising disposable income, rapid growth of middle-class populations, high purchasing power and rising consumer demand to eat convenience foods. Due to the rising demand for chocolate and confectionery, specialty fats are expected to grow at a rapid pace. Another key driver of growth is the increasing consumer spending on ready to eat food products.

The rising awareness of cocoa butter alternatives, and the desire to eat healthy foods alongside strong economic growth is the key reason for Europe's market growth. The European Union's most important food industry is bakery. It is driven by changing consumer preferences and constant innovation. It has been a major market for key players like Mondelez International, Inc. and Kellogg Co. The market will be driven by the expanding bakery sector in France and Italy, as well as the increasing chocolate and confectionery industry in Spain and the Netherlands.

Market Share Insights & Key Companies

With the presence of well-established and long-term industry players, the market is fragmented. Global players are in fierce competition with each other, but regional players have strong distribution networks and are well-versed about suppliers and regulations. Companies compete on the basis of product quality and production technology. To minimize risk in expanding into new markets, major players compete on the basis their product offerings and application development capabilities. They also form strategic partnerships with regional competitors. Cargill Inc. is one of the most prominent players in the normal & specialty fats market. They invest heavily in research and development to improve their product offerings. This gives them an edge over other players. The following are some of the most prominent players in the specialty and normal fats market:

  • Cargill, Incorporated

  • Intercontinental Specialty Fats Sdn. Bhd.

  • Musim Mas Holdings Pte. Ltd.

Up Market Research published a new report titled “Normal & Specialty Fats Market research report which is segmented by Type (Milk-fat Replacers, Butter, Shortenings, Margarines, Cocoa Butter Equivalent), By Players/Companies Musim Mas Holdings Pte Ltd, Cargill Incorporated, Intercontinental Specialty Fats Sdn Bhd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

Report AttributesReport Details
Report TitleNormal & Specialty Fats Market Research Report
By TypeMilk-fat Replacers, Butter, Shortenings, Margarines, Cocoa Butter Equivalent
By CompaniesMusim Mas Holdings Pte Ltd, Cargill Incorporated, Intercontinental Specialty Fats Sdn Bhd
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages221
Number of Tables & Figures155
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Normal   Specialty Fats Industry Outlook

Global Normal & Specialty Fats Market Report Segments:

The market is segmented by Type (Milk-fat Replacers, Butter, Shortenings, Margarines, Cocoa Butter Equivalent).

Normal & Specialty Fats Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Normal & Specialty Fats Market

Overview of the regional outlook of the Normal & Specialty Fats Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Normal   Specialty Fats Market Overview

Highlights of The Normal & Specialty Fats Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Normal & Specialty Fats Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Type:

                1. Milk-fat Replacers

                2. Butter

                3. Shortenings

                4. Margarines

                5. Cocoa Butter Equivalent

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Normal & Specialty Fats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Normal   Specialty Fats Market Trends

Reasons to Purchase the Normal & Specialty Fats Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Normal & Specialty Fats Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Normal & Specialty Fats Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Normal & Specialty Fats Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Normal & Specialty Fats Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Normal & Specialty Fats Market Size & Forecast, 2018-2028 
      4.5.1 Normal & Specialty Fats Market Size and Y-o-Y Growth 
      4.5.2 Normal & Specialty Fats Market Absolute $ Opportunity 

Chapter 5 Global Normal & Specialty Fats Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Normal & Specialty Fats Market Size Forecast by Type
      5.2.1 Milk-fat Replacers
      5.2.2 Butter
      5.2.3 Shortenings
      5.2.4 Margarines
      5.2.5 Cocoa Butter Equivalent
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Normal & Specialty Fats Market Analysis and Forecast by Region
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Region
      6.1.2 Basis Point Share (BPS) Analysis by Region
      6.1.3 Absolute $ Opportunity Assessment by Region
   6.2 Normal & Specialty Fats Market Size Forecast by Region
      6.2.1 North America
      6.2.2 Europe
      6.2.3 Asia Pacific
      6.2.4 Latin America
      6.2.5 Middle East & Africa (MEA)
   6.3 Market Attractiveness Analysis by Region

Chapter 7 Coronavirus Disease (COVID-19) Impact 
   7.1 Introduction 
   7.2 Current & Future Impact Analysis 
   7.3 Economic Impact Analysis 
   7.4 Government Policies 
   7.5 Investment Scenario

Chapter 8 North America Normal & Specialty Fats Analysis and Forecast
   8.1 Introduction
   8.2 North America Normal & Specialty Fats Market Size Forecast by Country
      8.2.1 U.S.
      8.2.2 Canada
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
   8.6 North America Normal & Specialty Fats Market Size Forecast by Type
      8.6.1 Milk-fat Replacers
      8.6.2 Butter
      8.6.3 Shortenings
      8.6.4 Margarines
      8.6.5 Cocoa Butter Equivalent
   8.7 Basis Point Share (BPS) Analysis by Type 
   8.8 Absolute $ Opportunity Assessment by Type 
   8.9 Market Attractiveness Analysis by Type

Chapter 9 Europe Normal & Specialty Fats Analysis and Forecast
   9.1 Introduction
   9.2 Europe Normal & Specialty Fats Market Size Forecast by Country
      9.2.1 Germany
      9.2.2 France
      9.2.3 Italy
      9.2.4 U.K.
      9.2.5 Spain
      9.2.6 Russia
      9.2.7 Rest of Europe
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 Europe Normal & Specialty Fats Market Size Forecast by Type
      9.6.1 Milk-fat Replacers
      9.6.2 Butter
      9.6.3 Shortenings
      9.6.4 Margarines
      9.6.5 Cocoa Butter Equivalent
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type

Chapter 10 Asia Pacific Normal & Specialty Fats Analysis and Forecast
   10.1 Introduction
   10.2 Asia Pacific Normal & Specialty Fats Market Size Forecast by Country
      10.2.1 China
      10.2.2 Japan
      10.2.3 South Korea
      10.2.4 India
      10.2.5 Australia
      10.2.6 South East Asia (SEA)
      10.2.7 Rest of Asia Pacific (APAC)
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Asia Pacific Normal & Specialty Fats Market Size Forecast by Type
      10.6.1 Milk-fat Replacers
      10.6.2 Butter
      10.6.3 Shortenings
      10.6.4 Margarines
      10.6.5 Cocoa Butter Equivalent
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type

Chapter 11 Latin America Normal & Specialty Fats Analysis and Forecast
   11.1 Introduction
   11.2 Latin America Normal & Specialty Fats Market Size Forecast by Country
      11.2.1 Brazil
      11.2.2 Mexico
      11.2.3 Rest of Latin America (LATAM)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Latin America Normal & Specialty Fats Market Size Forecast by Type
      11.6.1 Milk-fat Replacers
      11.6.2 Butter
      11.6.3 Shortenings
      11.6.4 Margarines
      11.6.5 Cocoa Butter Equivalent
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type

Chapter 12 Middle East & Africa (MEA) Normal & Specialty Fats Analysis and Forecast
   12.1 Introduction
   12.2 Middle East & Africa (MEA) Normal & Specialty Fats Market Size Forecast by Country
      12.2.1 Saudi Arabia
      12.2.2 South Africa
      12.2.3 UAE
      12.2.4 Rest of Middle East & Africa (MEA)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Middle East & Africa (MEA) Normal & Specialty Fats Market Size Forecast by Type
      12.6.1 Milk-fat Replacers
      12.6.2 Butter
      12.6.3 Shortenings
      12.6.4 Margarines
      12.6.5 Cocoa Butter Equivalent
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type

Chapter 13 Competition Landscape 
   13.1 Normal & Specialty Fats Market: Competitive Dashboard
   13.2 Global Normal & Specialty Fats Market: Market Share Analysis, 2019
   13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      13.3.1 Musim Mas Holdings Pte Ltd
      13.3.2 Cargill Incorporated
      13.3.3 Intercontinental Specialty Fats Sdn Bhd
Segments Covered in the Report
The global Normal & Specialty Fats market has been segmented based on

By Type
  • Milk-fat Replacers
  • Butter
  • Shortenings
  • Margarines
  • Cocoa Butter Equivalent
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Musim Mas Holdings Pte Ltd
  • Cargill Incorporated
  • Intercontinental Specialty Fats Sdn Bhd

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