Market Overview:
The global exotic fats market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for chocolate and confectionary, bakery, dairy, and cosmetics products. In addition, the growing awareness about the benefits of using exotic fats is also contributing to the growth of this market. Based on type, the global exotic fats market can be segmented into chocolate & confectionary, bakery, dairy, cosmetics and others segments. The chocolate & confectionary segment is expected to account for a major share of this market in terms of revenue due to high demand for chocolates and other related products across the globe. The bakery segment is also anticipated to witness significant growth during the forecast period owing to rising demand for baked goods in developed as well as developing countries. Based on application, cocoa butter equivalent (CBE) accounted for a major share of this market in 2017 due its widespread use in various food applications such as chocolates and confectionaries among others.
Product Definition:
Exotic Fats are a type of fat that is not commonly found in the human diet. They are often used in cooking because they have a unique flavor and can add richness to food. Exotic fats are also high in saturated fat, which means they can be unhealthy if eaten in large quantities.
Chocolate & confectionary:
Chocolate & confectionary market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the factors such as increasing demand for cocoa in functional foods and nutraceuticals, rising disposable income levels, changing food habits due to growing urbanization, and inclination towards chocolate products by millennials.
Bakery:
Bakery is a part of the food industry which includes baked products such as bread, pastries, cakes and biscuits. Bakery products are made using flour, milk or other liquids along with a sweetener and an edible fat (if required). The end product can be sold to consumers directly or distributed to various retail stores for further sales.
The global bakery market was valued at USD 439 billion in 2016 and is expected to grow at 2% annually over the forecast period.
Application Insights:
Cocoa butter equivalent application segment led the market in 2017 and is projected to continue its dominance over the forecast period. The product is used as an ingredient in making chocolate products, such as bars, chips and powder. Increasing demand for high-quality dark chocolate with a rich flavor has been driving the product consumption globally. Moreover, growing awareness about healthy eating habits among consumers across various regions will boost market growth over the coming years.
The cocoa butter substitute segment held a significant share of global exotic fats market owing to increasing usage of vegetable shortening in margarine manufacturing globally since past few years due to rising health concerns among consumers regarding trans fatty acids content in margarine formulations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global chocolate consumption, which has been witnessing an increase in demand from countries such as India, China, Japan and South Korea. Furthermore, increasing per capita income levels coupled with rising consumer awareness regarding health & hygiene are some of the factors driving demand for luxury cosmetics products such as face cream made using exotic fats.
North America is expected to witness significant growth over the forecast period owing to growing product use in bakery items such as pastries & breads along with confectionery chocolates. Europe accounted for approximately 20% of total market revenue share in 2017 on account of high acceptance level towards novel ingredients across countries including Germany, France and U.K., where regulations regarding labeling or approval are less stringent than other regions including North America or Asia Pacific).
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the exotic fats market.
- Rising awareness about the health benefits of consuming exotic fats is also propelling the market growth.
- Growing popularity of vegan and vegetarian diets is fueling demand for plant-based exotic fats.
- Rapid urbanization and changing lifestyles are leading to an increase in consumption of processed foods, which in turn is boosting demand for exotic fats.
- The increasing use of functional ingredients in food products is providing a major impetus to the growth of the global exotic fats market
Scope Of The Report
Report Attributes
Report Details
Report Title
Exotic Fats Market Research Report
By Type
Chocolate & confectionary, Bakery, Dairy, Cosmetics, Others
By Application
Cocoa butter equivalent, Cocoa butter substitute
By Companies
PZ Cussons, Twifo oil palm plantations, Unilever Ghana Ltd, Kassardian Industries Ltd, Blu Mont Ghana Ltd, International Business Group, Olam Ghana Ltd, Sekaf Ghana Limited, Wilmar Specialty Fat Limited, 3F Industries, Pranav Agro Industries Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Exotic Fats Market Report Segments:
The global Exotic Fats market is segmented on the basis of:
Types
Chocolate & confectionary, Bakery, Dairy, Cosmetics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cocoa butter equivalent, Cocoa butter substitute
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PZ Cussons
- Twifo oil palm plantations
- Unilever Ghana Ltd
- Kassardian Industries Ltd
- Blu Mont Ghana Ltd
- International Business Group
- Olam Ghana Ltd
- Sekaf Ghana Limited
- Wilmar Specialty Fat Limited
- 3F Industries
- Pranav Agro Industries Ltd
Highlights of The Exotic Fats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chocolate & confectionary
- Bakery
- Dairy
- Cosmetics
- Others
- By Application:
- Cocoa butter equivalent
- Cocoa butter substitute
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Exotic 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Exotic fats are fats that come from a variety of sources other than the typical animal fat. These include plant oils, such as olive oil and canola oil, and fatty acids found in nuts and seeds.
Some of the major players in the exotic fats market are PZ Cussons, Twifo oil palm plantations, Unilever Ghana Ltd, Kassardian Industries Ltd, Blu Mont Ghana Ltd, International Business Group, Olam Ghana Ltd, Sekaf Ghana Limited, Wilmar Specialty Fat Limited, 3F Industries, Pranav Agro Industries Ltd.
The exotic fats market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Exotic Fats Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Exotic Fats Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Exotic Fats Market - Supply Chain
4.5. Global Exotic Fats Market Forecast
4.5.1. Exotic Fats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Exotic Fats Market Size (000 Units) and Y-o-Y Growth
4.5.3. Exotic Fats Market Absolute $ Opportunity
5. Global Exotic Fats Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Exotic Fats Market Size and Volume Forecast by Type
5.3.1. Chocolate & confectionary
5.3.2. Bakery
5.3.3. Dairy
5.3.4. Cosmetics
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Exotic Fats Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Exotic Fats Market Size and Volume Forecast by Application
6.3.1. Cocoa butter equivalent
6.3.2. Cocoa butter substitute
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Exotic Fats Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Exotic Fats Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Exotic Fats Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Exotic Fats Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Exotic Fats Demand Share Forecast, 2019-2026
9. North America Exotic Fats Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Exotic Fats Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Exotic Fats Market Size and Volume Forecast by Application
9.4.1. Cocoa butter equivalent
9.4.2. Cocoa butter substitute
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Exotic Fats Market Size and Volume Forecast by Type
9.7.1. Chocolate & confectionary
9.7.2. Bakery
9.7.3. Dairy
9.7.4. Cosmetics
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Exotic Fats Demand Share Forecast, 2019-2026
10. Latin America Exotic Fats Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Exotic Fats Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Exotic Fats Market Size and Volume Forecast by Application
10.4.1. Cocoa butter equivalent
10.4.2. Cocoa butter substitute
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Exotic Fats Market Size and Volume Forecast by Type
10.7.1. Chocolate & confectionary
10.7.2. Bakery
10.7.3. Dairy
10.7.4. Cosmetics
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Exotic Fats Demand Share Forecast, 2019-2026
11. Europe Exotic Fats Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Exotic Fats Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Exotic Fats Market Size and Volume Forecast by Application
11.4.1. Cocoa butter equivalent
11.4.2. Cocoa butter substitute
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Exotic Fats Market Size and Volume Forecast by Type
11.7.1. Chocolate & confectionary
11.7.2. Bakery
11.7.3. Dairy
11.7.4. Cosmetics
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.1.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Exotic Fats Demand Share, 2019-2026
12. Asia Pacific Exotic Fats Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Exotic Fats Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Exotic Fats Market Size and Volume Forecast by Application
12.4.1. Cocoa butter equivalent
12.4.2. Cocoa butter substitute
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Exotic Fats Market Size and Volume Forecast by Type
12.7.1. Chocolate & confectionary
12.7.2. Bakery
12.7.3. Dairy
12.7.4. Cosmetics
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Exotic Fats Demand Share, 2019-2026
13. Middle East & Africa Exotic Fats Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Exotic Fats Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Exotic Fats Market Size and Volume Forecast by Application
13.4.1. Cocoa butter equivalent
13.4.2. Cocoa butter substitute
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Exotic Fats Market Size and Volume Forecast by Type
13.7.1. Chocolate & confectionary
13.7.2. Bakery
13.7.3. Dairy
13.7.4. Cosmetics
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Exotic Fats Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Exotic Fats Market: Market Share Analysis
14.2. Exotic Fats Distributors and Customers
14.3. Exotic Fats Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PZ Cussons
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Twifo oil palm plantations
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Unilever Ghana Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kassardian Industries Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Blu Mont Ghana Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. International Business Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Olam Ghana Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sekaf Ghana Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wilmar Specialty Fat Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. 3F Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pranav Agro Industries Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
