Specialty Fats & Oils Market - By Fat Type (CBR, CBE, CBI, and CBS), By Oil Type (Soybean, Palm, Rapeseed, and Coconut), By Form (Liquid and Dry), By Application (Bakery, Chocolates & Confectioneries, and Dairy Products), and By Region-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The global specialty fats & oils market value was estimated at 3.2 (USD Billion) in 2019 and is projected to hit 4.2 (USD Billion) by 2025 growing at a CAGR of nearly 10.1% during the period from 2019 to 2025. The report offers valuation and analysis of the specialty fats & oils market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Specialty fats are the particular class of vegetable fats used for other kinds of fats in myriad products such as compound coatings, infant formula, chocolate, cosmetics, confectionery, spreads & filings, ice cream, and dairy products. In addition to this, specialty oils also find massive application as food supplements in cooking & commodity oils.

Market Growth Dynamics

The growth of the market over the forecast period is owing to rising gap between demand and supply of cocoa butter. Apart from this, a prominent surge in the intake of processed diet and confectionery will steer the growth of specialty fats & oils industry over the forecast period. Apart from this, an inflation in the foreign direct funding as well as partnerships witnessed in the food industry will enlarge the market scope over the forthcoming years. Additionally, the application of specialty fats & oils as cocoa butter substitute will proliferate the demand for specialty fats & oils in the coming years.


Furthermore, escalating awareness vis-à-vis advantages derived due to intake of the products will embellish the market trends. Furthermore, large-scale end-user proclivity towards specialty fats & oils will spearhead the business growth within the next couple of years. In addition to this, the humungous popularity of baked items & confectionaries and immense penetration of the product in this sector will trigger the business space over the coming years.

Asia Pacific To Contribute Majorly Towards Overall Market Share By 2025

The regional market surge over the forecast timeline is subject to growing animal feed sector and food processing activities in the region. In addition to this, swiftly evolving personal care and cosmetics industries in China and India are anticipated to drive the market growth in Asia Pacific zone in the years to come. Apparently, high customer demand for processed food items will further amplify the market progression in the region over the forecasting years. With rapidly expanding chocolate & confectionery sector and huge product demand from this sector is likely to translate into strong & concrete growth of the market in the region in the foreseeable future.

Key players profiled in the report include AAK AB, IOI Group, D&L Industries, Wilmar International, Mewah International, Cargill, Bunge, Manildra, Musim Mas, IFFCO, and The Nisshin Oillio Group.

The global Specialty Fats & Oils Market is segmented as follows:

By Oil Type

	Palm
	Soybean
	Rapeseed
	Coconut

By Fat Type

	CBE
	CBR
	CBS
	CBI

By Application 

	Chocolates & Confectioneries
	Bakery
	Dairy Products

By Form 

	Dry
	Liquid

By Region

	North America
	
		The U.S.
		Canada
	
	
	Europe
	
		France
		The UK
		Spain
		Germany
		Italy
		Rest of Europe
	
	
	Asia Pacific
	
		China
		Japan
		India
		South Korea
		Southeast Asia
		Rest of Asia Pacific
	
	
	Latin America
	
		Brazil
		Mexico
		Rest of Latin America
	
	
	Middle East & Africa
	
		GCC
		South Africa
		Rest of Middle East & Africa