Product Code: PM4384
The global powdered fats market size is expected to reach USD 3.43 billion by 2032, according to a new study by Polaris Market Research. The report "Powdered Fats Market Share, Size, Trends, Industry Analysis Report, By Source, By Processing Technology (Spray Drying, Drum Drying, Freeze Drying, Others), By Application, By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The expansion of this market is driven by the increasing adoption of low-carb diets among health-conscious consumers and the consequent demand for fats sourced from unique origins like palm, coconut, and sunflower. In low-carb, high-fat diets, individuals frequently turn to powdered fats to incorporate healthy fats into their meals or beverages. A prominent source of powdered fats in these diets is Medium-Chain Triglycerides (MCT) oil powder.
The growing focus on health and nutrition has led consumers to actively seek products that align with their specific dietary preferences and lifestyles. The increasing demand for keto-friendly products has significantly influenced the market for powdered fats, particularly those rich in omega 3, 6, and 9 fatty acids. Simultaneously, the market for vegan products is experiencing rapid expansion as more consumers adopt plant-based diets for ethical, health, and environmental reasons.
Strategic shift is aimed at meeting the escalating demand for vegan and healthier sources of powdered fats. The inclusion of omega 3, 6, and 9 fatty acids in powdered fats aligns with the health-conscious preferences of consumers, especially those following ketogenic diets, contributing to the overall growth and diversification of the powdered fats market. Additionally, the expansion of the vegan product segment reflects a broader shift in consumer preferences towards sustainable and plant-based options, prompting companies to innovate and offer a more diverse and health-oriented range of powdered fats.
Advancements in manufacturing technologies have facilitated the adoption of encapsulation techniques in the production of powdered fats. This innovation plays a crucial role in limiting the oxidation of fat powders, consequently extending their shelf life. As outlined in a 2023 article titled 'Edible oil to powder technologies: Concepts and advances' on ScienceDirect, the benefits of micro-encapsulated & nano-emulsion-based fats derived from the edible oil are emphasized for their ability to retard the oxidation process. Research indicates that nano-encapsulated powder effectively preserves the quality of oil during storage, exerting a significant impact on maintaining its overall quality.
Powdered Fats Market Report Highlights
Beverage segment will grow at the rapid pace, owing to the growing use of powdered fats in ready to drink beverages
Palm kernel segment held the largest revenue share, as it is traditionally used in snacks and confectionery industry
Asia pacific dominated the market, owing to presence of huge consumers in the region, and rapidly evolving food processing industry
The key market players include Aarkay Food Products, Castle Dairy, Hill Natural Extract, Insta Foods, and Kerry Group
Polaris Market Research has segmented the powdered fats market report based on source, processing technology, application and region:
Powdered Fats, Source Outlook (Revenue - USD Billion, 2019 - 2032)
- Palm & Palm Kernel
- Coconut
- Milk
- Sunflower
- Canola
- Corn
- Others
Powdered Fats, Processing Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Spray Drying
- Drum Drying
- Freeze Drying
- Others
Powdered Fats, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Dairy & Non-dairy Products
- Bakery & Confectionery
- Frozen Desserts
- Baby Food & Infant Formula
- Supplements & Nutritional Products
- Beverages
- Seasonings & Flavorings
- Sauces, Dressings, & Condiments
- Others
Powdered Fats, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Powdered Fats Market Insights
- 4.1. Powdered Fats Market - Processing Technology Snapshot
- 4.2. Powdered Fats Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Convenience and Shelf Stability
- 4.2.1.2. Increasing Demand for Processed Foods
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Quality and Taste Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Powdered Fats Market Processing Technology Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Powdered Fats Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 5.3. Palm & Palm Kernel
- 5.3.1. Global Powdered Fats Market, by Palm & Palm Kernel, by Region, 2019-2032 (USD Billion)
- 5.4. Coconut
- 5.4.1. Global Powdered Fats Market, by Coconut, by Region, 2019-2032 (USD Billion)
- 5.5. Milk
- 5.5.1. Global Powdered Fats Market, by Milk, by Region, 2019-2032 (USD Billion)
- 5.6. Sunflower
- 5.6.1. Global Powdered Fats Market, by Sunflower, by Region, 2019-2032 (USD Billion)
- 5.7. Canola
- 5.7.1. Global Powdered Fats Market, by Canola, by Region, 2019-2032 (USD Billion)
- 5.8. Corn
- 5.8.1. Global Powdered Fats Market, by Corn, by Region, 2019-2032 (USD Billion)
- 5.9. Others
- 5.9.1. Global Powdered Fats Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Powdered Fats Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 6.3. Dairy & Non-dairy Products
- 6.3.1. Global Powdered Fats Market, by Dairy & Non-dairy Products, by Region, 2019-2032 (USD Billion)
- 6.4. Bakery & Confectionery
- 6.4.1. Global Powdered Fats Market, by Bakery & Confectionery, by Region, 2019-2032 (USD Billion)
- 6.5. Frozen Desserts
- 6.5.1. Global Powdered Fats Market, by Frozen Desserts, by Region, 2019-2032 (USD Billion)
- 6.6. Baby Food & Infant Formula
- 6.6.1. Global Powdered Fats Market, by Baby Food & Infant Formula, by Region, 2019-2032 (USD Billion)
- 6.7. Supplements & Nutritional Products
- 6.7.1. Global Powdered Fats Market, by Supplements & Nutritional Products, by Region, 2019-2032 (USD Billion)
- 6.8. Beverages
- 6.8.1. Global Powdered Fats Market, by Beverages, by Region, 2019-2032 (USD Billion)
- 6.9. Seasonings & Flavorings
- 6.9.1. Global Powdered Fats Market, by Seasonings & Flavorings, by Region, 2019-2032 (USD Billion)
- 6.10. Sauces, Dressings, & Condiments
- 6.10.1. Global Powdered Fats Market, by Sauces, Dressings, & Condiments, by Region, 2019-2032 (USD Billion)
- 6.11. Others
- 6.11.1. Global Powdered Fats Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Powdered Fats Market, by Processing Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 7.3. Spray Drying
- 7.3.1. Global Powdered Fats Market, by Spray Drying, By Region, 2019-2032 (USD Billion)
- 7.4. Drum Drying
- 7.4.1. Global Powdered Fats Market, by Drum Drying, By Region, 2019-2032 (USD Billion)
- 7.5. Freeze Drying
- 7.5.1. Global Powdered Fats Market, by Freeze Drying, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Powdered Fats Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Powdered Fats Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Powdered Fats Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Powdered Fats Market - North America
- 8.3.1. North America: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.3.2. North America: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.3.3. North America: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Powdered Fats Market - U.S.
- 8.3.4.1. U.S.: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Powdered Fats Market - Canada
- 8.3.5.1. Canada: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4. Powdered Fats Market - Europe
- 8.4.1. Europe: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.2. Europe.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.3. Europe: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Powdered Fats Market - UK
- 8.4.4.1. UK: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Powdered Fats Market - France
- 8.4.5.1. France: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.5.2. France.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.5.3. France: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Powdered Fats Market - Germany
- 8.4.6.1. Germany: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Powdered Fats Market - Italy
- 8.4.7.1. Italy: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Powdered Fats Market - Spain
- 8.4.8.1. Spain: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Powdered Fats Market - Netherlands
- 8.4.9.1. Netherlands: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Powdered Fats Market - Russia
- 8.4.10.1. Russia: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5. Powdered Fats Market - Asia Pacific
- 8.5.1. Asia Pacific: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Powdered Fats Market - China
- 8.5.4.1. China: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.4.2. China.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.4.3. China: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Powdered Fats Market - India
- 8.5.5.1. India: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.5.2. India.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.5.3. India: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Powdered Fats Market - Malaysia
- 8.5.6.1. Malaysia: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Powdered Fats Market - Japan
- 8.5.7.1. Japan: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Powdered Fats Market - Indonesia
- 8.5.8.1. Indonesia: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Powdered Fats Market - South Korea
- 8.5.9.1. South Korea: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.6. Powdered Fats Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Powdered Fats Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Powdered Fats Market - UAE
- 8.6.5.1. UAE: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Powdered Fats Market - Israel
- 8.6.6.1. Israel: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Powdered Fats Market - South Africa
- 8.6.7.1. South Africa: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.7. Powdered Fats Market - Latin America
- 8.7.1. Latin America: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Powdered Fats Market - Mexico
- 8.7.4.1. Mexico: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Powdered Fats Market - Brazil
- 8.7.5.1. Brazil: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Powdered Fats Market - Argentina
- 8.7.6.1. Argentina: Powdered Fats Market, by Source , 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Powdered Fats Market, by Processing Technology, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Powdered Fats Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Aarkay Food Products Ltd
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Castle Dairy s.a
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Hill Natural Extract
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Insta Foods
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Kerry Group plc
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. LUS Health Ingredients BV
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Royal FrieslandCampina N.V
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Tiba Starch & Glucose Manufacturing Co. S.A.E
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Zeon Lifesciences Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development