Market Overview:
The global vegetable fat powder 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 convenience foods and rising awareness about the health benefits of consuming vegetable-based products. The global vegetable fat powder market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into coconut extract, palm extract, sunflower extract, vanaspati extract, and other types. Coconut extract held a major share in 2017 owing to its high demand in ice-creams and biscuits applications. Palm oil is also gaining popularity due to its high smoke point which makes it suitable for frying applications. On the basis of application, the market is segmented into ice-creams, biscuits & cookies,, soups & sauces,, chocolate & confectionery items,, drinks (including coffee), and other applications such as bakery items,. The ice-creams application held a major share in 2017 owing to rising consumer preference for frozen desserts across regions.
Product Definition:
Vegetable Fat Powder is a food additive made from vegetable oils. It is used to improve the texture and mouthfeel of foods, as well as to increase their shelf life.
Coconut Extract:
Coconut extract is a natural food flavoring agent derived from the meat of mature coconuts. It is also called as coconut milk or coconut cream. The extracted product has several uses in various industries including bakery, confectionery, dairy products and pet foods among others. Coconut extract can be used as an alternative to artificial food flavors such as monosodium glutamate (MSG).
Palm Extract:
Palm extract is the concentrated fruit pulp of a palm tree. It is obtained from the outer part of the fruit, which remains after oil has been extracted. The extraction process involves mechanical as well as chemical methods. The most common and easy method used across the globe for extracting palm extract is by using an automated screw press with a special dielectric tank to collect oil from fruits in a continuous process without damaging them.
Application Insights:
The global vegetable fat powder market has been segmented on the basis of application into ice-cream, biscuits, soup, sauces and dressings, chocolate bars and drinks. The ice-cream segment accounted for a major share in 2017 owing to increasing consumption of the product in various flavors across the globe. Moreover, growing demand for vegan ice creams is expected to drive growth over the forecast period.
Bakery products are considered as an important part of breakfast around the world with most countries having at least one bakery store that opens early in the morning selling breads & rolls along with other baked goods such as pastries & cookies. Growing consumer awareness regarding healthy eating habits coupled with rising demand for low saturated fat content food products is expected to drive vegetable fat powder usage in bakery applications over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumption of low-calorie vegetable fat powder for weight management and nutritional enrichment in daily diet along with rising awareness about health & fitness among consumers.
Asia Pacific is anticipated to be one of the fastest growing regional markets from 2018 to 2030 on account of rapid urbanization and changing food habits especially among youth population influenced by western culture resulting into increased demand for healthy snacks, which will drive product demand over next eight years. Europe accounted for a significant share in 2017 due to high consumer awareness regarding health benefits associated with vegetable fat powder as compared to animal source derived products such as butter and cheese which are majorly used across this region particularly Italy, France, Germany, Spain etc., thus creating lucrative opportunities for industry players during forecast period.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient food options. Vegetable fat powders offer a convenient and healthy way to add flavor and nutrition to food products.
- Rising awareness about the health benefits of vegetable fats: There is a growing awareness among consumers about the health benefits of vegetable fats, such as their ability to improve heart health and reduce the risk of chronic diseases. This is driving demand for vegetable fat powders as a healthier alternative to other types of fat powders.
- Growing popularity of plant-based diets: There is a growing trend towards plant-based diets, which has led to an increase in demand for vegetarian and vegan products that contain vegetable fat powder as an ingredient.
- Innovation in product formulations: The increasing popularity of plant-based diets has also led to greater innovation in product formulations, with many manufacturers now offering vegetarian and vegan versions of their products that contain vegetable fat powder as an ingredient. This is helping to drive growth in the market for vegetable fat powders.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Fat Powder Market Research Report
By Type
Coconut Extract, Palm Extract, Sun Flower Extract, Vanaspati Extract, Other
By Application
Ice-cream, Biscuits, Soups, Sauces, Chocolate, Drinks, Other
By Companies
Biotan Pharma, Chaitanya Agro Biotech, Cifal Herbal , Drytech Processes, Indian Dairy Agro Industries, Pruthvis Foods, Shandong Tianjiao Biotech, SHIJIAZHUANG HUACHEN STARCH SUGAR PRODUCTION, Venkatesh Natural Extract, Yesraj Agro Export
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Fat Powder Market Report Segments:
The global Vegetable Fat Powder market is segmented on the basis of:
Types
Coconut Extract, Palm Extract, Sun Flower Extract, Vanaspati Extract, Other
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
Ice-cream, Biscuits, Soups, Sauces, Chocolate, Drinks, Other
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:
- Biotan Pharma
- Chaitanya Agro Biotech
- Cifal HerbalÂ
- Drytech Processes
- Indian Dairy Agro Industries
- Pruthvis Foods
- Shandong Tianjiao Biotech
- SHIJIAZHUANG HUACHEN STARCH SUGAR PRODUCTION
- Venkatesh Natural Extract
- Yesraj Agro Export
Highlights of The Vegetable Fat Powder 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:
- Coconut Extract
- Palm Extract
- Sun Flower Extract
- Vanaspati Extract
- Other
- By Application:
- Ice-cream
- Biscuits
- Soups
- Sauces
- Chocolate
- Drinks
- Other
- 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 Vegetable Fat Powder 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?
Vegetable fat powder is a powdered form of vegetable oil that is used as an ingredient in food and beverage products. It can be used to add flavor and texture to foods, or as a carrier for other ingredients.
Some of the major players in the vegetable fat powder market are Biotan Pharma, Chaitanya Agro Biotech, Cifal Herbal‚Â , Drytech Processes, Indian Dairy Agro Industries, Pruthvis Foods, Shandong Tianjiao Biotech, SHIJIAZHUANG HUACHEN STARCH SUGAR PRODUCTION, Venkatesh Natural Extract, Yesraj Agro Export.
The vegetable fat powder 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. Vegetable Fat Powder 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. Vegetable Fat Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegetable Fat Powder Market - Supply Chain
4.5. Global Vegetable Fat Powder Market Forecast
4.5.1. Vegetable Fat Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegetable Fat Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegetable Fat Powder Market Absolute $ Opportunity
5. Global Vegetable Fat Powder 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. Vegetable Fat Powder Market Size and Volume Forecast by Type
5.3.1. Coconut Extract
5.3.2. Palm Extract
5.3.3. Sun Flower Extract
5.3.4. Vanaspati Extract
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegetable Fat Powder 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. Vegetable Fat Powder Market Size and Volume Forecast by Application
6.3.1. Ice-cream
6.3.2. Biscuits
6.3.3. Soups
6.3.4. Sauces
6.3.5. Chocolate
6.3.6. Drinks
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegetable Fat Powder 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. Vegetable Fat Powder 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 Vegetable Fat Powder 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. Vegetable Fat Powder 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 Vegetable Fat Powder Demand Share Forecast, 2019-2026
9. North America Vegetable Fat Powder 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 Vegetable Fat Powder 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 Vegetable Fat Powder Market Size and Volume Forecast by Application
9.4.1. Ice-cream
9.4.2. Biscuits
9.4.3. Soups
9.4.4. Sauces
9.4.5. Chocolate
9.4.6. Drinks
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegetable Fat Powder Market Size and Volume Forecast by Type
9.7.1. Coconut Extract
9.7.2. Palm Extract
9.7.3. Sun Flower Extract
9.7.4. Vanaspati Extract
9.7.5. Other
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 Vegetable Fat Powder Demand Share Forecast, 2019-2026
10. Latin America Vegetable Fat Powder 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 Vegetable Fat Powder 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 Vegetable Fat Powder Market Size and Volume Forecast by Application
10.4.1. Ice-cream
10.4.2. Biscuits
10.4.3. Soups
10.4.4. Sauces
10.4.5. Chocolate
10.4.6. Drinks
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegetable Fat Powder Market Size and Volume Forecast by Type
10.7.1. Coconut Extract
10.7.2. Palm Extract
10.7.3. Sun Flower Extract
10.7.4. Vanaspati Extract
10.7.5. Other
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 Vegetable Fat Powder Demand Share Forecast, 2019-2026
11. Europe Vegetable Fat Powder 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 Vegetable Fat Powder 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 Vegetable Fat Powder Market Size and Volume Forecast by Application
11.4.1. Ice-cream
11.4.2. Biscuits
11.4.3. Soups
11.4.4. Sauces
11.4.5. Chocolate
11.4.6. Drinks
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegetable Fat Powder Market Size and Volume Forecast by Type
11.7.1. Coconut Extract
11.7.2. Palm Extract
11.7.3. Sun Flower Extract
11.7.4. Vanaspati Extract
11.7.5. Other
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 Vegetable Fat Powder Demand Share, 2019-2026
12. Asia Pacific Vegetable Fat Powder 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 Vegetable Fat Powder 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 Vegetable Fat Powder Market Size and Volume Forecast by Application
12.4.1. Ice-cream
12.4.2. Biscuits
12.4.3. Soups
12.4.4. Sauces
12.4.5. Chocolate
12.4.6. Drinks
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegetable Fat Powder Market Size and Volume Forecast by Type
12.7.1. Coconut Extract
12.7.2. Palm Extract
12.7.3. Sun Flower Extract
12.7.4. Vanaspati Extract
12.7.5. Other
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 Vegetable Fat Powder Demand Share, 2019-2026
13. Middle East & Africa Vegetable Fat Powder 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 Vegetable Fat Powder 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 Vegetable Fat Powder Market Size and Volume Forecast by Application
13.4.1. Ice-cream
13.4.2. Biscuits
13.4.3. Soups
13.4.4. Sauces
13.4.5. Chocolate
13.4.6. Drinks
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegetable Fat Powder Market Size and Volume Forecast by Type
13.7.1. Coconut Extract
13.7.2. Palm Extract
13.7.3. Sun Flower Extract
13.7.4. Vanaspati Extract
13.7.5. Other
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 Vegetable Fat Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegetable Fat Powder Market: Market Share Analysis
14.2. Vegetable Fat Powder Distributors and Customers
14.3. Vegetable Fat Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Biotan Pharma
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chaitanya Agro Biotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cifal Herbal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Drytech Processes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Indian Dairy Agro Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pruthvis Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shandong Tianjiao Biotech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SHIJIAZHUANG HUACHEN STARCH SUGAR PRODUCTION
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Venkatesh Natural Extract
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yesraj Agro Export
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
