Specialty fats and oils are designed for customized end use application for processing of product with unique specialization. These products are designed to meet the demand of various individual and application end user. The product design may vary according to the application of work to be perform. The global demand for specialty fats and oils is anticipated to drive the growth in the market during the forecast period. Moreover, Increasing health awareness by consumer to reduce body cholesterol level, enhancing nutritive value of product and useful to have uniform blending of ingredients in processing of product by end user application are major driving force for the expansion of the Specialty fats and oils market. The global Specialty fats and oils market was valued at US$ 80.6 Bn in 2017 and is forecasted to expand at a CAGR of 6.6% from 2018 to 2026. It is estimated to reach a value of US$ 142.1 Bn by 2025.
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Over the last few years, organizations have changed their business models in order to incorporate the changes in demand and regulations. Major companies are focusing on product innovation and increasing distribution channel to expand their business. Major Specialty fats and oils market players profiled in the report include Cargill Incorporated, IFFCO, Willmar International Limited, United Foods Company and The Savola Group.
The global specialty fats and oils market has been segmented on the basis of product type, application, by form and geography. On the basis of product type, the market is segmented into specialty oils and specialty oils. Specialty oils has been further sub-divided into Corn Oil, Sun Flower Oil, Blend Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil, and Others. The specialty fats has been sub-divided into Cocoa Butter Substitute, Cocoa Butter equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Butter Substitute, Butter Oil Substitute, Spray Oil, Dairy Fat Replacers, and Others. The global specialty fats and oils market by product type is expected to be attractive for specialty fats during the forecast period.
In terms of application, the market is classified into Chocolate and Confectionary, Bakery, Processed Food, Dairy, Cosmetics, Baby Food and Others. Cocoa Butter Equivalent was the largest segment of the specialty fats and oils market in 2017. On the basis of by form type, the market is divided into Solid, Semi Solid and liquid. According to geography, the market is segmented into five regions namely North America, Europe, Asia Pacific, Middle East and Africa and South America.
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Asia Pacific led the specialty fats and oils market in 2017. The Asia Pacific is expected to grow at a CAGR of 7.1 % throughout the forecast period from 2018 to 2026. The primary drivers for the growth of specialty fats and oils market in Asia Pacific region are growing application segment such as bakery confectionery, dairy, food processing and cosmetics. Additionally, increasing demand for the product that benefit to health effectiveness is stimulating the specialty fats and oils market over the region. Similarly, in South America region the rising demand is also anticipated to showcase a higher CAGR of 6.5% during the forecast period due to the rise in application sector usage of specialty fats and oils. The Middle East and Africa region has high potential to gain market for specialty fats and oil that showcase a growth rate of 6.3% CAGR during the forecast period from 2018 to 2026.
This report on the global Specialty fats and Oils Market provides analysis for the period 2018–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data of 2017 has been included as historical information. The report covers market dynamics including drivers, restraints, and opportunities expected to influence the global specialty fats and oils market growth during the forecasted period. Global and regional trends that are playing a major role in driving the global Specialty fats and Oils Market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn) and volume estimates (in Mn Tonnes), across different geographies.
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The Specialty fats and Oils Market has been segmented on the basis of product type, application, by form, and geography. Based on product type, the market has been further classified into Specialty Oils and Specialty fats. The specialty oils is sub-segmented into Corn Oil, Sun Flower Oil, Blend Oil, Soybean Oil, Palm Oil, Cottonseed Oil, Coconut Oil, Rapeseed Oil, and Others. The specialty fats is sub-segmented into Cocoa Butter Substitute, Cocoa Butter equivalent, Cocoa Butter Replacers, Synthetic Cocoa Butter Fat, Human Milk Butter Substitute, Butter Oil Substitute, Spray Oil, Dairy Fat Replacers, and Others. On the basis of application, the Specialty fats and Oils market is classified into Chocolate and Confectionary, Bakery, Processed Food, Dairy, Cosmetics, Baby Food and Others. On the basis of form type, the market is segmented into the Solid, Semi Solid and liquid. Geographically, the report classifies the global Specialty fats and Oils market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America. The regions are analyzed in terms of revenue and volume generation. Furthermore, region wise prominent countries covered in the report include the following – U.S, Canada, U.K., Germany, Italy, France, China, Japan, India, GCC countries, South Africa and Brazil.
The report also includes industrial evolution in the Solid, Semi Solid and liquid market. We have provided the Porter’s Five Forces analysis which identifies bargaining power of suppliers and buyers, threat from new entrant, threat from substitute and threat from competition in Specialty fats and Oils market. Value chain analysis which identifies the key stake holders in the Specialty fats and Oils market is also covered in the report. Furthermore, policies and regulations aiding the Solid, Semi Solid and liquid market are also covered.
The report also covers market attractiveness analysis and market positioning of key players for all regions covered in the scope of study. Market attractiveness analysis identifies and compares different segment’s attractiveness in the market on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report also includes competition landscape which includes competition matrix, market share analysis of major players in the global Solid, Semi Solid and liquid market based on their 2017 revenues. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors like market positioning, product offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow.
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2015 to 2017. The major players profiled in the global Solid, Semi Solid and liquid market include Cargill Incorporated, IFFCO, Willmar International Limited, United Foods Company and The Savola Group.
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