The Global Powdered Fats Market size is expected to reach $3 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.
Consumers are increasingly seeking products with simpler and more natural ingredients. Coconut-derived fats often fit into the "clean label" trend, being perceived as more natural and less processed compared to some other alternatives. Consequently, the coconut source segment would acquire nearly 10% of the total market share by 2030. As the production and availability of coconut-derived products increase due to expanded cultivation and processing capabilities, the demand for coconut-derived fats grows accordingly. Some of the factors impacting the market are rapidly expanding food processing industry, cost-effectiveness of fat powders and market perception of healthiness.
The expanding food processing industry is a pivotal driver of economic growth and innovation globally. As societies undergo rapid urbanization and lifestyles become increasingly fast-paced, there is a burgeoning demand for convenient and readily accessible food options. Moreover, the globalization of food industries and increased international trade have further fuelled the expansion of the food processing industry. As the industry continues to evolve and consumer demands diversify, the demand for this form of fats is likely to remain robust and is expected to experience further growth. Additionally, these fats offer a compelling, cost-effective advantage in various industries, especially within food production and manufacturing. Their economic viability stems from several inherent characteristics that make them favourable compared to liquid fats. Moreover, the stability in pricing and regulatory compliance further enhances their cost-effectiveness. These fats may offer greater price stability compared to their liquid counterparts, making them less susceptible to market fluctuations. These factors collectively position these fats as an economically advantageous choice for various industries seeking efficient and cost-effective ingredients in their production processes.
However, the market perception of healthiness plays a pivotal role in shaping consumer choices and influencing the demand for products like this form of fats. One of the primary challenges lies in the misconception that these fats might be less healthy or natural compared to their liquid counterparts. Consumers often associate powdered forms with increased processing or additives, assuming they might contain more artificial elements or additives that could compromise their nutritional value. Moreover, there's a prevailing belief that liquid fats might be more 'natural' or 'fresh,' especially when derived from natural sources like oils. This deeply ingrained perception influences consumer preferences, leading them to perceive these fats as more processed or artificial, which could negatively impact their acceptance and demand. Hence, the negative perception of these fats may hamper the growth of the market in the coming years.
Processing Technology Outlook
Based on processing technology, the market is segmented into spray drying, drum drying, freeze drying, and others. The freeze-drying segment registered a remarkable revenue share in the market in 2022. The nourishing characteristics of raw materials are maintained by freeze-drying technology, which also retains their natural flavor, vitamins, and minerals, as well as bioactive enzymes. The beverage industry is currently experiencing a surge in demand for freeze-dried fats due to their versatility in being integrated into a variety of applications, including juices, smoothies, and yogurt.
Source Outlook
By source, the market is divided into palm & palm kernel, coconut, milk, sunflower, canola, corn, and others. The milk segment procured a significant revenue share in the market in 2022. The expected growth drivers for this segment include increased utilization of milk fats in infant foods and the inclusion of essential nutrients such as vitamin C, vitamin B12, and thiamine. Moreover, it is utilized in manufacturing diverse caramel confections, confection coatings, nougat centers, malted milk, and milk chocolate.
Application Outlook
On the basis of application, the market is classified into dairy & non-dairy products, bakery & confectionery, frozen desserts, baby food & infant formula, supplements & nutritional products, beverages, sauces, dressings, & condiments, and others. The frozen desserts segment witnessed a significant revenue share in the market in 2022. The frozen bakery and desserts sector has witnessed the introduction of a multitude of novel products in recent times. Health and wellness are receiving increased consumer attention. Innovative flavors and gluten-free, low-fat products have emerged as a consequence. Consumer demand for frozen desserts with desirable textures, creamy consistency, and prolonged shelf life aligns with the benefits offered by this form of fats, driving their demand in the segment.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region witnessed the largest revenue share in the market. As a result of urbanization, rising disposable incomes, and shifting consumer preferences, the food and beverage sector in the Asia Pacific is expanding at a rapid rate, which increases the demand for ingredients such as these fats to satisfy a variety of culinary needs. These fats have applications in various industries, including food and beverage, pharmaceuticals, and cosmetics. This diversity in applications contributes to the growing demand as various sectors expand in the region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group plc, Royal FrieslandCampina N.V., Aarkay Food Products Ltd., Insta Foods, Vreugdenhil BV, Zeon Lifesciences Ltd., LUS Health Ingredients BV and Glenstal Foods Ltd.
Scope of the Study
Market Segments covered in the Report:
By Processing Technology
- Spray Drying
- Drum Drying
- Freeze Drying
- Others
By Source
- Palm & Palm Kernel
- Milk
- Sunflower
- Coconut
- Canola
- Corn
- Others
By Application
- Bakery & Confectionery
- Baby Food & Infant Formula
- Beverages
- Sauces, Dressings, & Condiments
- Frozen Desserts
- Dairy & Non-dairy Products
- Supplements & Nutritional Products
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Kerry Group plc
- Royal FrieslandCampina N.V.
- Aarkay Food Products Ltd.
- Insta Foods
- Vreugdenhil BV
- Zeon Lifesciences Ltd.
- LUS Health Ingredients BV
- Glenstal Foods Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Powdered Fats Market, by Processing Technology
- 1.4.2 Global Powdered Fats Market, by Source
- 1.4.3 Global Powdered Fats Market, by Application
- 1.4.4 Global Powdered Fats Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market At a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Powdered Fats Market by Processing Technology
- 4.1 Global Spray Drying Market by Region
- 4.2 Global Drum Drying Market by Region
- 4.3 Global Freeze Drying Market by Region
- 4.4 Global Others Market by Region
Chapter 5. Global Powdered Fats Market by Source
- 5.1 Global Palm & Palm Kernel Market by Region
- 5.2 Global Milk Market by Region
- 5.3 Global Sunflower Market by Region
- 5.4 Global Coconut Market by Region
- 5.5 Global Canola Market by Region
- 5.6 Global Corn Market by Region
- 5.7 Global Others Market by Region
Chapter 6. Global Powdered Fats Market by Application
- 6.1 Global Bakery & Confectionery Market by Region
- 6.2 Global Baby Food & Infant Formula Market by Region
- 6.3 Global Beverages Market by Region
- 6.4 Global Sauces, Dressings, & Condiments Market by Region
- 6.5 Global Frozen Desserts Market by Region
- 6.6 Global Dairy & Non-dairy Products Market by Region
- 6.7 Global Supplements & Nutritional Products Market by Region
- 6.8 Global Others Market by Region
Chapter 7. Global Powdered Fats Market by Region
- 7.1 North America Powdered Fats Market
- 7.1.1 North America Powdered Fats Market by Processing Technology
- 7.1.1.1 North America Spray Drying Market by Country
- 7.1.1.2 North America Drum Drying Market by Country
- 7.1.1.3 North America Freeze Drying Market by Country
- 7.1.1.4 North America Others Market by Country
- 7.1.2 North America Powdered Fats Market by Source
- 7.1.2.1 North America Palm & Palm Kernel Market by Country
- 7.1.2.2 North America Milk Market by Country
- 7.1.2.3 North America Sunflower Market by Country
- 7.1.2.4 North America Coconut Market by Country
- 7.1.2.5 North America Canola Market by Country
- 7.1.2.6 North America Corn Market by Country
- 7.1.2.7 North America Others Market by Country
- 7.1.3 North America Powdered Fats Market by Application
- 7.1.3.1 North America Bakery & Confectionery Market by Country
- 7.1.3.2 North America Baby Food & Infant Formula Market by Country
- 7.1.3.3 North America Beverages Market by Country
- 7.1.3.4 North America Sauces, Dressings, & Condiments Market by Country
- 7.1.3.5 North America Frozen Desserts Market by Country
- 7.1.3.6 North America Dairy & Non-dairy Products Market by Country
- 7.1.3.7 North America Supplements & Nutritional Products Market by Country
- 7.1.3.8 North America Others Market by Country
- 7.1.4 North America Powdered Fats Market by Country
- 7.1.4.1 US Powdered Fats Market
- 7.1.4.1.1 US Powdered Fats Market by Processing Technology
- 7.1.4.1.2 US Powdered Fats Market by Source
- 7.1.4.1.3 US Powdered Fats Market by Application
- 7.1.4.2 Canada Powdered Fats Market
- 7.1.4.2.1 Canada Powdered Fats Market by Processing Technology
- 7.1.4.2.2 Canada Powdered Fats Market by Source
- 7.1.4.2.3 Canada Powdered Fats Market by Application
- 7.1.4.3 Mexico Powdered Fats Market
- 7.1.4.3.1 Mexico Powdered Fats Market by Processing Technology
- 7.1.4.3.2 Mexico Powdered Fats Market by Source
- 7.1.4.3.3 Mexico Powdered Fats Market by Application
- 7.1.4.4 Rest of North America Powdered Fats Market
- 7.1.4.4.1 Rest of North America Powdered Fats Market by Processing Technology
- 7.1.4.4.2 Rest of North America Powdered Fats Market by Source
- 7.1.4.4.3 Rest of North America Powdered Fats Market by Application
- 7.2 Europe Powdered Fats Market
- 7.2.1 Europe Powdered Fats Market by Processing Technology
- 7.2.1.1 Europe Spray Drying Market by Country
- 7.2.1.2 Europe Drum Drying Market by Country
- 7.2.1.3 Europe Freeze Drying Market by Country
- 7.2.1.4 Europe Others Market by Country
- 7.2.2 Europe Powdered Fats Market by Source
- 7.2.2.1 Europe Palm & Palm Kernel Market by Country
- 7.2.2.2 Europe Milk Market by Country
- 7.2.2.3 Europe Sunflower Market by Country
- 7.2.2.4 Europe Coconut Market by Country
- 7.2.2.5 Europe Canola Market by Country
- 7.2.2.6 Europe Corn Market by Country
- 7.2.2.7 Europe Others Market by Country
- 7.2.3 Europe Powdered Fats Market by Application
- 7.2.3.1 Europe Bakery & Confectionery Market by Country
- 7.2.3.2 Europe Baby Food & Infant Formula Market by Country
- 7.2.3.3 Europe Beverages Market by Country
- 7.2.3.4 Europe Sauces, Dressings, & Condiments Market by Country
- 7.2.3.5 Europe Frozen Desserts Market by Country
- 7.2.3.6 Europe Dairy & Non-dairy Products Market by Country
- 7.2.3.7 Europe Supplements & Nutritional Products Market by Country
- 7.2.3.8 Europe Others Market by Country
- 7.2.4 Europe Powdered Fats Market by Country
- 7.2.4.1 Germany Powdered Fats Market
- 7.2.4.1.1 Germany Powdered Fats Market by Processing Technology
- 7.2.4.1.2 Germany Powdered Fats Market by Source
- 7.2.4.1.3 Germany Powdered Fats Market by Application
- 7.2.4.2 UK Powdered Fats Market
- 7.2.4.2.1 UK Powdered Fats Market by Processing Technology
- 7.2.4.2.2 UK Powdered Fats Market by Source
- 7.2.4.2.3 UK Powdered Fats Market by Application
- 7.2.4.3 France Powdered Fats Market
- 7.2.4.3.1 France Powdered Fats Market by Processing Technology
- 7.2.4.3.2 France Powdered Fats Market by Source
- 7.2.4.3.3 France Powdered Fats Market by Application
- 7.2.4.4 Russia Powdered Fats Market
- 7.2.4.4.1 Russia Powdered Fats Market by Processing Technology
- 7.2.4.4.2 Russia Powdered Fats Market by Source
- 7.2.4.4.3 Russia Powdered Fats Market by Application
- 7.2.4.5 Spain Powdered Fats Market
- 7.2.4.5.1 Spain Powdered Fats Market by Processing Technology
- 7.2.4.5.2 Spain Powdered Fats Market by Source
- 7.2.4.5.3 Spain Powdered Fats Market by Application
- 7.2.4.6 Italy Powdered Fats Market
- 7.2.4.6.1 Italy Powdered Fats Market by Processing Technology
- 7.2.4.6.2 Italy Powdered Fats Market by Source
- 7.2.4.6.3 Italy Powdered Fats Market by Application
- 7.2.4.7 Rest of Europe Powdered Fats Market
- 7.2.4.7.1 Rest of Europe Powdered Fats Market by Processing Technology
- 7.2.4.7.2 Rest of Europe Powdered Fats Market by Source
- 7.2.4.7.3 Rest of Europe Powdered Fats Market by Application
- 7.3 Asia Pacific Powdered Fats Market
- 7.3.1 Asia Pacific Powdered Fats Market by Processing Technology
- 7.3.1.1 Asia Pacific Spray Drying Market by Country
- 7.3.1.2 Asia Pacific Drum Drying Market by Country
- 7.3.1.3 Asia Pacific Freeze Drying Market by Country
- 7.3.1.4 Asia Pacific Others Market by Country
- 7.3.2 Asia Pacific Powdered Fats Market by Source
- 7.3.2.1 Asia Pacific Palm & Palm Kernel Market by Country
- 7.3.2.2 Asia Pacific Milk Market by Country
- 7.3.2.3 Asia Pacific Sunflower Market by Country
- 7.3.2.4 Asia Pacific Coconut Market by Country
- 7.3.2.5 Asia Pacific Canola Market by Country
- 7.3.2.6 Asia Pacific Corn Market by Country
- 7.3.2.7 Asia Pacific Others Market by Country
- 7.3.3 Asia Pacific Powdered Fats Market by Application
- 7.3.3.1 Asia Pacific Bakery & Confectionery Market by Country
- 7.3.3.2 Asia Pacific Baby Food & Infant Formula Market by Country
- 7.3.3.3 Asia Pacific Beverages Market by Country
- 7.3.3.4 Asia Pacific Sauces, Dressings, & Condiments Market by Country
- 7.3.3.5 Asia Pacific Frozen Desserts Market by Country
- 7.3.3.6 Asia Pacific Dairy & Non-dairy Products Market by Country
- 7.3.3.7 Asia Pacific Supplements & Nutritional Products Market by Country
- 7.3.3.8 Asia Pacific Others Market by Country
- 7.3.4 Asia Pacific Powdered Fats Market by Country
- 7.3.4.1 China Powdered Fats Market
- 7.3.4.1.1 China Powdered Fats Market by Processing Technology
- 7.3.4.1.2 China Powdered Fats Market by Source
- 7.3.4.1.3 China Powdered Fats Market by Application
- 7.3.4.2 Japan Powdered Fats Market
- 7.3.4.2.1 Japan Powdered Fats Market by Processing Technology
- 7.3.4.2.2 Japan Powdered Fats Market by Source
- 7.3.4.2.3 Japan Powdered Fats Market by Application
- 7.3.4.3 India Powdered Fats Market
- 7.3.4.3.1 India Powdered Fats Market by Processing Technology
- 7.3.4.3.2 India Powdered Fats Market by Source
- 7.3.4.3.3 India Powdered Fats Market by Application
- 7.3.4.4 South Korea Powdered Fats Market
- 7.3.4.4.1 South Korea Powdered Fats Market by Processing Technology
- 7.3.4.4.2 South Korea Powdered Fats Market by Source
- 7.3.4.4.3 South Korea Powdered Fats Market by Application
- 7.3.4.5 Singapore Powdered Fats Market
- 7.3.4.5.1 Singapore Powdered Fats Market by Processing Technology
- 7.3.4.5.2 Singapore Powdered Fats Market by Source
- 7.3.4.5.3 Singapore Powdered Fats Market by Application
- 7.3.4.6 Malaysia Powdered Fats Market
- 7.3.4.6.1 Malaysia Powdered Fats Market by Processing Technology
- 7.3.4.6.2 Malaysia Powdered Fats Market by Source
- 7.3.4.6.3 Malaysia Powdered Fats Market by Application
- 7.3.4.7 Rest of Asia Pacific Powdered Fats Market
- 7.3.4.7.1 Rest of Asia Pacific Powdered Fats Market by Processing Technology
- 7.3.4.7.2 Rest of Asia Pacific Powdered Fats Market by Source
- 7.3.4.7.3 Rest of Asia Pacific Powdered Fats Market by Application
- 7.4 LAMEA Powdered Fats Market
- 7.4.1 LAMEA Powdered Fats Market by Processing Technology
- 7.4.1.1 LAMEA Spray Drying Market by Country
- 7.4.1.2 LAMEA Drum Drying Market by Country
- 7.4.1.3 LAMEA Freeze Drying Market by Country
- 7.4.1.4 LAMEA Others Market by Country
- 7.4.2 LAMEA Powdered Fats Market by Source
- 7.4.2.1 LAMEA Palm & Palm Kernel Market by Country
- 7.4.2.2 LAMEA Milk Market by Country
- 7.4.2.3 LAMEA Sunflower Market by Country
- 7.4.2.4 LAMEA Coconut Market by Country
- 7.4.2.5 LAMEA Canola Market by Country
- 7.4.2.6 LAMEA Corn Market by Country
- 7.4.2.7 LAMEA Others Market by Country
- 7.4.3 LAMEA Powdered Fats Market by Application
- 7.4.3.1 LAMEA Bakery & Confectionery Market by Country
- 7.4.3.2 LAMEA Baby Food & Infant Formula Market by Country
- 7.4.3.3 LAMEA Beverages Market by Country
- 7.4.3.4 LAMEA Sauces, Dressings, & Condiments Market by Country
- 7.4.3.5 LAMEA Frozen Desserts Market by Country
- 7.4.3.6 LAMEA Dairy & Non-dairy Products Market by Country
- 7.4.3.7 LAMEA Supplements & Nutritional Products Market by Country
- 7.4.3.8 LAMEA Others Market by Country
- 7.4.4 LAMEA Powdered Fats Market by Country
- 7.4.4.1 Brazil Powdered Fats Market
- 7.4.4.1.1 Brazil Powdered Fats Market by Processing Technology
- 7.4.4.1.2 Brazil Powdered Fats Market by Source
- 7.4.4.1.3 Brazil Powdered Fats Market by Application
- 7.4.4.2 Argentina Powdered Fats Market
- 7.4.4.2.1 Argentina Powdered Fats Market by Processing Technology
- 7.4.4.2.2 Argentina Powdered Fats Market by Source
- 7.4.4.2.3 Argentina Powdered Fats Market by Application
- 7.4.4.3 UAE Powdered Fats Market
- 7.4.4.3.1 UAE Powdered Fats Market by Processing Technology
- 7.4.4.3.2 UAE Powdered Fats Market by Source
- 7.4.4.3.3 UAE Powdered Fats Market by Application
- 7.4.4.4 Saudi Arabia Powdered Fats Market
- 7.4.4.4.1 Saudi Arabia Powdered Fats Market by Processing Technology
- 7.4.4.4.2 Saudi Arabia Powdered Fats Market by Source
- 7.4.4.4.3 Saudi Arabia Powdered Fats Market by Application
- 7.4.4.5 South Africa Powdered Fats Market
- 7.4.4.5.1 South Africa Powdered Fats Market by Processing Technology
- 7.4.4.5.2 South Africa Powdered Fats Market by Source
- 7.4.4.5.3 South Africa Powdered Fats Market by Application
- 7.4.4.6 Nigeria Powdered Fats Market
- 7.4.4.6.1 Nigeria Powdered Fats Market by Processing Technology
- 7.4.4.6.2 Nigeria Powdered Fats Market by Source
- 7.4.4.6.3 Nigeria Powdered Fats Market by Application
- 7.4.4.7 Rest of LAMEA Powdered Fats Market
- 7.4.4.7.1 Rest of LAMEA Powdered Fats Market by Processing Technology
- 7.4.4.7.2 Rest of LAMEA Powdered Fats Market by Source
- 7.4.4.7.3 Rest of LAMEA Powdered Fats Market by Application
Chapter 8. Company Profiles
- 8.1 Insta Foods
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Vreugdenhil BV
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 Zeon Lifesciences Ltd.
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 LUS Health Ingredients BV
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 Glenstal Foods Ltd.
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Aarkay Food Products Ltd.
- 8.7 Kerry Group PLC
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Acquisition and Mergers:
- 8.7.5.2 Geographical Expansions:
- 8.7.6 SWOT Analysis
- 8.8 Royal FrieslandCampina N.V.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Product Launches and Product Expansions:
- 8.8.6 SWOT Analysis
Chapter 9. Winning Imperatives Powdered Fats Market