Fat replacers are components that can be used to replace fat in a variety of foods & beverages. Majority of fat replacers are reformulated versions of existing food ingredients, such as starches, gums, and cellulose. Furthermore, food business has developed a number of new fat substitutes, with. carbohydrate-based, protein-based, or lipid-based fat replacers being the most common.
The global market is segmented on the basis of source, type, application, and region. On the basis of source, the market is classified into plants and animals. On the basis of type, the market is classified into carbohydrate-based, protein-based, and fat-based. On the basis of application, it is segmented into bakery & confectionary, processed meat products, dairy & frozen desserts, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was quite moderate for growth of the Fat replacers market. Growth in population of health-conscious people have contributed toward growth of the market. However, trade restrictions and lockdown resulted into halting of production and manufacturing units. The recovery of the fat replacers market is expected in the future.
Consumption of bakery and confectionary product has increased in recent years. This is attributed to handy packaging and widespread availability of products. The need for fat replacers is on the rise as people have become more aware regarding obesity and are adopting carbohydrate-based fat replacers. Furthermore, rise in demand from North America and Asia-Pacific propels fat replacer sales. Manufacturers are working to improve quality of fat replacers so that they can preserve moisture and texture in a variety of food products. Furthermore, companies are experimenting with plant-based food products to provide alternatives that fully eliminate fat.
The global market is segmented on the basis of source, type, application, and region. On the basis of source, the market is classified into plants and animals. On the basis of type, the market is classified into carbohydrate-based, protein-based, and fat-based. On the basis of application, it is segmented into bakery & confectionary, processed meat products, dairy & frozen desserts, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, the United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was quite moderate for growth of the Fat replacers market. Growth in population of health-conscious people have contributed toward growth of the market. However, trade restrictions and lockdown resulted into halting of production and manufacturing units. The recovery of the fat replacers market is expected in the future.
Consumption of bakery and confectionary product has increased in recent years. This is attributed to handy packaging and widespread availability of products. The need for fat replacers is on the rise as people have become more aware regarding obesity and are adopting carbohydrate-based fat replacers. Furthermore, rise in demand from North America and Asia-Pacific propels fat replacer sales. Manufacturers are working to improve quality of fat replacers so that they can preserve moisture and texture in a variety of food products. Furthermore, companies are experimenting with plant-based food products to provide alternatives that fully eliminate fat.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Fat Replacers market analysis from 2021 to 2031 to identify the prevailing emulsifiers market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Fat Replacers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the Fat Replacers industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global emulsifiers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Plants
- Animals
By Type
- Carbohydrate based
- Protein based
- Fat based
By Application
- Bakery and Confectionary
- Processed Meat Products
- Dairy and Frozen Desserts
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- Archer Daniels Midland Company
- Associated British Foods Plc.
- Ingredion Incorporated
- Kerry Group PLC.
- Koninklijke DSM
- Nestlé S.A.
- Tate & Lyle PLC
- CP Kelco U.S., Inc.
- Ashland Global Holdings Inc.
- Corbion NV
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FAT REPLACERS MARKET, BY SOURCE
CHAPTER 5: FAT REPLACERS MARKET, BY TYPE
CHAPTER 6: FAT REPLACERS MARKET, BY APPLICATION
CHAPTER 7: FAT REPLACERS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Fat Replacers Market," the fat replacers market size was valued at $3.3 billion in 2021, and is estimated to reach $6.4 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.The fat replacers sourced from plants occupied more than half of the fat replacers market share in the global market in 2021.
Chronic disease is connected to a diet high in fat and cholesterol. As a result, it is up to consumers to cut down on fat calories. Fat replacer processors provide fat alternatives that are compatible with the food system. Perfect fat substitutes should have a variety of functions and able to transfer heat, as fat is a heat transfer medium that allows quick cooking. Heat transfer has potential to change texture, color, and flavor. Protein, carbohydrate, or fat replacers are considered as healthy diet. Replacers based on carbohydrates can be fully digestive, moderately digestible, or non-digestible, giving 0-4 kcal/g.
The global fat replacers market is segmented on the basis of source, type, application, and region. On the basis of source, the market is classified into plants and animals. The plants segment occupied a major share of the market in 2021, and is projected to maintain its dominance during the forecast period. Fat replacers sourced from animals are anticipated to grow at the highest CAGR in the future.
On the basis of type, the carbohydrate-based segment occupied major share of the market in 2021, and is projected to maintain its dominance during the forecast period. This is attributed to high textural properties provided by carbohydrate-based fat replacers.
On the basis of application, the fat replacers market is segmented into bakery & confectionary, processed meat products, dairy & frozen desserts, and others. The processed meat products segment is anticipated to grow at the highest rate during the forecast period. Moreover, nutritious and healthy food preference is growing at a rapid pace among consumers.
In 2021, Europe accounted for more than half of the market, and is expected to maintain its dominance during the forecast period. Moreover, Asia-Pacific and North America are expected to possess the highest CAGRs, owing to rise in health concerns among people and increase in popularity of fat replacers in these regions.
Due to the COVID-19 pandemic, there is an increase in demand for healthy food products such as fat replacers. Sales of healthy and nutritious food products have increased, as it is consumed by health-conscious people to maintain a healthy body and appetite. It is mostly consumed in the Europe and North America regions. The supply has been hampered due to trade barriers and travel restrictions.
The market has grown rapidly as a result of rise in obesity rates around the world and growth in public awareness regarding excessive fat consumption. People are also becoming more health-conscious, which is changing their eating habits and nutrition. This also contributes toward the fat replacers market growth. Foods & beverages business is expected to develop significantly in next few years as a result of improved economic conditions, increase in population, and rise consumer income. In addition, these macroeconomic indicators and fat replacers market trends are expected to increase demand for fat replacers during the forecast period.
Fat contains important sensory qualities that aid texture and mouthfeel, as well as the perception of lubricity in food and the overall taste component. As a result, food processors find it difficult to compensate for these qualities in fat-free food variations, stifling the expansion of the fat replacers industry. Overuse of fat replacers in a number of foods can increase stickiness and introduce unwanted flavors to cheese, all of which are expected to hinder sales.
Major players analyzed for the industry are Archer Daniels Midland Company, Ashland Global Holdings Inc., Associated British Foods Plc., BENEO, Corbion NV, CP Kelco U.S., Inc., Epogee, Grain Processing Corporation, Ingredion Incorporated, and JELU-WERK J. Ehrler GmbH & Co. KG. These major market players have adopted various strategies to expand their fat replacers market reach. The strategies adopted in the fat replacers market include product launch, merger, and acquisition. New market players are also entering the market with new products. These strategies are creating fat replacers market opportunities.
Key Findings of the Study
- By source, the plants segment was the highest revenue contributor to the fat replacers market, with $1,740.5 million in 2021, and is estimated to reach $3,241.9 million by 2031, with a CAGR of 6.1%.
- By type, the carbohydrate-based segment was the highest revenue contributor to the market, with $1,522.7 million in 2021, and is estimated to reach $2,851.2 million by 2031, with a CAGR of 6.1%.
- By application, the bakery and confectionary segment was the highest revenue contributor to the market, with $1,319.8 million in 2021, and is estimated to reach $2,478.0 million by 2031, with a CAGR of 6.2%.
- Region wise, Europe was the highest revenue contributor, accounting for $1,152.2 million in 2021, and is estimated to reach $2,270.1 million by 2031, with a CAGR of 6.7%.
Companies Mentioned
- Archer Daniels Midland Company
- Associated British Foods plc.
- Ingredion Incorporated
- Kerry Group plc.
- Koninklijke Dsm
- Nestlé S.A.
- Tate & Lyle plc
- Cp Kelco U.S. Inc.
- Ashland Global Holdings Inc.
- Corbion Nv
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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