Market Overview:
The global plant fat replacer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for healthier food products and the rising awareness about the benefits of plant-based fat replacers over traditional animal-based fat replacers. Based on type, the global plant fat replacer market is segmented into carbohydrate-based, protein-based, and lipid-based segments. The carbohydrate-based segment is projected to lead the global plant fat replacer market in terms of revenue during the forecast period from 2018 to 2030. This can be attributed to factors such as growing demand for low calorie foods and rising awareness about health benefits associated with consumption of carbohydrate based plant fat replacements over other types of replacements such as protein or lipid based replacements. Based on application, bakery & confectionery products accounted for majority share in terms revenue in 2017 and this trend is expected continue throughout forecast period owing high consumption rate coupled with inclination towards healthy food options by consumers across globe . Dairy & frozen desserts followed bakery & confectionery products in terms revenue contribution in 2017; however, convenience foods are projected witness highest CAGR among all applications during forecast period owing rapid urbanization coupled with busy lifestyle adopted by people across globe .
Product Definition:
A plant fat replacer is a food additive that is used to replace some or all of the fat in a recipe. This additive can help to reduce the amount of fat in a dish while still providing flavor and texture. Plant-based replacers are often made from soy, corn, or wheat and they can be used in both savory and sweet recipes.
Carbohydrate-based:
Carbohydrate-based, it's usage and growth factor in Plant Fat Replacer market is expected to witness significant growth over the forecast period. The global market for carbohydrate-based products is expected to grow at a CAGR of XX% from 2016 to 2024. The key drivers for this industry are increasing demand from end-use industries such as food & beverages, animal feed and cosmetics coupled with growing consumer awareness regarding natural ingredients used in product formulations.
Protein-based:
Protein-based and its usage in plant fat replacer market is a by-product of soy, whey, and animal protein. It has high nutritional value as compared to vegetable oil. Protein based on its chemical properties can bind with water molecules which makes it an effective ingredient for use in food products such as bakery items, margarine, ice cream toppings etc., thereby increasing their solubility and improving their shelf life.
Application Insights:
Bakery & confectionery products led the global market and accounted for more than 30.0% share of the overall revenue in 2017. The demand for plant-based fat replacers is expected to increase in bakery & confectionery products on account of consumer preference for low-fat foodstuffs that are rich in fiber, vitamins, and minerals. Moreover, growing awareness regarding health issues related to consumption of animal fats is expected to promote product demand over the forecast period.
Dairy & frozen desserts segment also held a significant share owing to increasing vegan population across the globe coupled with rising demand for low-fat dairy alternatives among consumers who have shifted their preferences towards a healthy diet due to concerns regarding diseases such as cancer and heart disease caused due fatty acids intake from animal sources such as butter or ghee ( clarified butter).
Regional Analysis:
North America was the largest regional market in 2017 owing to high consumption of meat products, dairy products, and baked goods. The region is expected to maintain its dominance over the forecast period due to increasing production of bakery and confectionery items as well as dairy products. In addition, rising demand for plant-based foods among consumers is anticipated to propel industry growth over the coming years.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing with growing population and changing food preferences across emerging economies such as China and India. Increasing awareness regarding health benefits associated with vegan diet has resulted in increased consumption of plant-based foods among consumers which will further boost industry growth during the estimated time span from 2018 to 2030 The Middle East & Africa (MEA) market also holds significant potential for growth on account of increasing meat consumption coupled with rising number or restaurants offering vegan options across countries such Saudi Arabia, UAE., Egypt., Iran., Israel.).
Growth Factors:
- Increasing demand for plant-based foods: The global population is increasingly becoming health conscious and opting for plant-based foods over meat-based products. This is driving the demand for plant fat replacers, as they are a healthier alternative to traditional fats.
- Rising awareness of the health benefits of plant fat replacers: Plant fat replacers offer various health benefits such as weight loss, improved heart health, and reduced risk of chronic diseases. This is increasing their popularity among consumers and driving their growth in the market.
- Growing trend of veganism: Veganism is a lifestyle choice that advocates abstaining from all animal products, including meat, dairy, eggs, and honey. The number of people adopting veganism is growing rapidly across the globe due to its numerous health benefits. This is fueling the demand for plant-based foods and consequently benefiting the market for plant fat replacers as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Fat Replacer Market Research Report
By Type
Carbohydrate-based, Protein-based, Lipid-based
By Application
Bakery & Confectionery Products, Dairy & Frozen Desserts, Convenience Foods & Beverages, Sauces, Dressings and Spreads, Others
By Companies
ADM (US), DuPont (US), Cargill (US), Kerry Group (Ireland), FMC Corporation (US), Ingredion (US), Koninklijke DSM (Netherlands), Ashland Inc (US)
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 Plant Fat Replacer Market Report Segments:
The global Plant Fat Replacer market is segmented on the basis of:
Types
Carbohydrate-based, Protein-based, Lipid-based
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
Bakery & Confectionery Products, Dairy & Frozen Desserts, Convenience Foods & Beverages, Sauces, Dressings and Spreads, Others
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:
- ADM (US)
- DuPont (US)
- Cargill (US)
- Kerry Group (Ireland)
- FMC Corporation (US)
- Ingredion (US)
- Koninklijke DSM (Netherlands)
- Ashland Inc (US)
Highlights of The Plant Fat Replacer 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:
- Carbohydrate-based
- Protein-based
- Lipid-based
- By Application:
- Bakery & Confectionery Products
- Dairy & Frozen Desserts
- Convenience Foods & Beverages
- Sauces, Dressings and Spreads
- Others
- 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 Plant Fat Replacer 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.
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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?
Plant fat replacer is a product that helps to replace the lost fats in plants. It is made from plant-based oils and fats, which are combined with water and other ingredients to create a slurry or paste. This mixture can then be used as an additive in food products, such as breads, pastas, cereals and snacks.
Some of the key players operating in the plant fat replacer market are ADM (US), DuPont (US), Cargill (US), Kerry Group (Ireland), FMC Corporation (US), Ingredion (US), Koninklijke DSM (Netherlands), Ashland Inc (US).
The plant fat replacer market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Fat Replacer 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. Plant Fat Replacer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant Fat Replacer Market - Supply Chain
4.5. Global Plant Fat Replacer Market Forecast
4.5.1. Plant Fat Replacer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant Fat Replacer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plant Fat Replacer Market Absolute $ Opportunity
5. Global Plant Fat Replacer 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. Plant Fat Replacer Market Size and Volume Forecast by Type
5.3.1. Carbohydrate-based
5.3.2. Protein-based
5.3.3. Lipid-based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plant Fat Replacer 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. Plant Fat Replacer Market Size and Volume Forecast by Application
6.3.1. Bakery & Confectionery Products
6.3.2. Dairy & Frozen Desserts
6.3.3. Convenience Foods & Beverages
6.3.4. Sauces, Dressings and Spreads
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plant Fat Replacer 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. Plant Fat Replacer 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 Plant Fat Replacer 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. Plant Fat Replacer 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 Plant Fat Replacer Demand Share Forecast, 2019-2029
9. North America Plant Fat Replacer 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 Plant Fat Replacer 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 Plant Fat Replacer Market Size and Volume Forecast by Application
9.4.1. Bakery & Confectionery Products
9.4.2. Dairy & Frozen Desserts
9.4.3. Convenience Foods & Beverages
9.4.4. Sauces, Dressings and Spreads
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plant Fat Replacer Market Size and Volume Forecast by Type
9.7.1. Carbohydrate-based
9.7.2. Protein-based
9.7.3. Lipid-based
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 Plant Fat Replacer Demand Share Forecast, 2019-2029
10. Latin America Plant Fat Replacer 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 Plant Fat Replacer 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 Plant Fat Replacer Market Size and Volume Forecast by Application
10.4.1. Bakery & Confectionery Products
10.4.2. Dairy & Frozen Desserts
10.4.3. Convenience Foods & Beverages
10.4.4. Sauces, Dressings and Spreads
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plant Fat Replacer Market Size and Volume Forecast by Type
10.7.1. Carbohydrate-based
10.7.2. Protein-based
10.7.3. Lipid-based
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 Plant Fat Replacer Demand Share Forecast, 2019-2029
11. Europe Plant Fat Replacer 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 Plant Fat Replacer 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 Plant Fat Replacer Market Size and Volume Forecast by Application
11.4.1. Bakery & Confectionery Products
11.4.2. Dairy & Frozen Desserts
11.4.3. Convenience Foods & Beverages
11.4.4. Sauces, Dressings and Spreads
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plant Fat Replacer Market Size and Volume Forecast by Type
11.7.1. Carbohydrate-based
11.7.2. Protein-based
11.7.3. Lipid-ased
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
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plant Fat Replacer Demand Share, 2019-2029
12. Asia Pacific Plant Fat Replacer 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 Plant Fat Replacer 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 Plant Fat Replacer Market Size and Volume Forecast by Application
12.4.1. Bakery & Confectionery Products
12.4.2. Dairy & Frozen Desserts
12.4.3. Convenience Foods & Beverages
12.4.4. Sauces, Dressings and Spreads
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plant Fat Replacer Market Size and Volume Forecast by Type
12.7.1. Carbohydrate-based
12.7.2. Protein-based
12.7.3. Lipid-based
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 Plant Fat Replacer Demand Share, 2019-2029
13. Middle East & Africa Plant Fat Replacer 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 Plant Fat Replacer 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 Plant Fat Replacer Market Size and Volume Forecast by Application
13.4.1. Bakery & Confectionery Products
13.4.2. Dairy & Frozen Desserts
13.4.3. Convenience Foods & Beverages
13.4.4. Sauces, Dressings and Spreads
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plant Fat Replacer Market Size and Volume Forecast by Type
13.7.1. Carbohydrate-based
13.7.2. Protein-based
13.7.3. Lipid-based
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 Plant Fat Replacer Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Plant Fat Replacer Market: Market Share Analysis
14.2. Plant Fat Replacer Distributors and Customers
14.3. Plant Fat Replacer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont (US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cargill (US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kerry Group (Ireland)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FMC Corporation (US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ingredion (US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke DSM (Netherlands)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ashland Inc (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
