- Press Release -

Fact.MR predicts the global sales of fat replacers to surpass US$ 3.5 Bn by registering a CAGR of 6% in the sales indicator period 2021-2031. Increase in health awareness among urban population and changing lifestyle due to rapid urbanization are the key parameters boosting the growth of the fat replacer market.

Historically, from 2016 to 2020, the sales of fat replacers surged at nearly 5% CAGR. Due to the coronavirus pandemic, the sales of fat replacers witnessed a dip in the initial quarters of 2020. As the concern regarding health grew in the pandemic, food consumption habits changed. This, in turn, pushed people to consume food containing fat replacers. As the world is heading back to normalcy, the demand for fat replacers is expected to upsurge.

Prominent market players are strategically focusing on introducing enhanced product offerings to capture maximum market share and to improve overall profitability. Furthermore, increasing awareness of the new products that offer several benefits are available in the market. This, in turn, is the major driving factor rising inclination towards fat replacers.

Key Takeaways from the Market Study

• Carbohydrate based fat replacers expected to hold more than 50% market share for fat replacers.
• Bakery and Confectionary Industry to possess 40% market share for fat replacers.
• Fat replacer industry expected to possess nearly 45% market share throughout North America
• Fat replacer industry expected to possess nearly 25% market share by registering a CAGR of 6% throughout Asia.

“Increasing obesity rates around the globe along with demand for healthier food options is surging the demand for fat replacers.” opines a Fact.MR analyst

Competitive Landscape

• In November 2021, Tate & Lyle Plc and Nutriati announced distribution partnership for chickpea protein and flour. The company is focusing on offering plant based food products to replace fat.
• In May 2019, Ingredion Inc introduced new clean labor starch that reduces fats and builds indulgent textures. The company is focusing on building a healthier profile for its consumers.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global fat replacers, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of form (powder and liquid), source (plant and animal), ingredient type (carbohydrates, proteins, and lipids), and application (convenience foods & beverages, bakery and confectionary products, sauces, dressings & spreads, dairy & frozen desserts and other applications) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Fact.MR’s Domain Knowledge in Food & Beverages

Our food and beverages consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the food and beverages sector. Our expertise in recognizing the challenges and trends impacting the global food and beverages industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Nandini Roy Choudhury

Fact.MR

Sr. Consultant – Food and Beverages

E-mail: nandini@factmr.com