Tightening Regulations on Trans Fats to Open New Revenue Streams for Interesterified Fats Market
Over the past few years governments and food regulatory bodies across the globe are aiming to introduce laws to limit the amount of trans fats in food products. This has led to significant increase in the demand of interesterified fats in the market which is projected to witness a CAGR of over 5% during the forecast period. The Food and Drug Administration (FDA) in May 2018 decided to effectively ban trans-fats in the United States from May 2019 onwards. During the same year, World Health Organization (WHO) released REPLACE, a law cum step-by-step guide to eliminate industrially produced trans-fatty acids from the global food supply. While these regulatory calibrations created a significant revenue pool for interesterified fats market in the past half-decade, the forthcoming years can be pivotal for market growth as new regulations unfold across prominent countries.
Europe’s Stringent Regulatory Stance to Boost its Market Share
In 2018, Europe accounted for over a quarter of the market share in the global interesterified fats market and witnessed a CAGR of around 4% during 2014 – 2018; however, on the back of stringent regulations laid by European Commission, the regional market is projected to grow at around 5% CAGR during the forecast period. In April 2019, the European Union (EU) adopted a regulation to curb the amount of trans fat in products such as snack foods. European Commission the EU’s executive arm set the limit of trans fats at two grams per 100 grams fat in food. The organization has set the enforcement limit for April 2nd 2021. This enforcement is expected to slowly replace trans fats with interesterified fats in the regional food value chain, proving to be a boon for the latter.
Food Processing will continue to be the Largest End Use Sector for Interesterified Fats
Food processing accounts for over half of the interesterified fats demand and is also expected to be lucrative in terms of market growth during the forecast period. Food processing companies have lower requirement of interesterified fats per unit of finished products, however, their overall sales of final products is quite large. This makes their average annual procurement significantly higher as compared to other industries. Food service companies have relatively higher per unit consumption of interesterified fats, however, their production is low as compared to food processing industry owing to which their average annual consumption of IE fats is relatively low.
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Leading Players to Capture 3/4th Market Share
Global interesterified fats market is highly consolidated where more than 3/4th of the market share is accounted by four companies Wilmar International Limited, Bunge Inc., Cargill Inc. and Fuji Oil Holdings Inc. Tier 1 companies such as Cargill Inc., Bunge Ltd., Wilmar International, Fuji Oil Holdings are market leaders and have strong presence in all regions. Tier 1 players are providing interesterified fats to industries operating in all application areas to add value to its revenue sales. Tier 2 and 3 players in interesterified fats market are exploring opportunities within their domestic markets while they are also focusing on process optimization through strategies such as vertical integration and collaborations along the value chain.
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Global Interesterified Fats Market – Scope of the Report
The interesterified fats market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to a Fact.MR study. The study propounds key trends that are currently shaping the growth of the interesterified fats market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the interesterified fats market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of interesterified fats.
The interesterified fats market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the interesterified fats market. The report initially imparts an overview of the interesterified fats market, considering current and future prospects in growth, to unveil attractive facets pertaining to the adoption of interesterified fats across key regional markets.
An in-depth assessment on few of the interesterified fats manufacturers offered in the report enables the report readers to gain detailed insights that are derived from interesterified fats manufacturers across regional markets. A list of key companies operating in the interesterified fats market provided in the report adds to the credibility of this exhaustive research study.
Global Interesterified Fats Market: Opportunity Analysis
The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the interesterified fats market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the interesterified fats market, which in turn, is likely to trigger the adoption of interesterified fats. An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global interesterified fats market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global interesterified fats market.
Global Interesterified Fats Market: Segmentation
Segmentation table of the global interesterified fats market has been provided below on the basis of product type, application, thickness, and region.
|
Interesterification Process |
Source |
End Use |
Region |
|
Chemical |
Soybean Oil |
Food Processing |
North America |
|
Enzymatic |
Palm Oil |
Food Service |
Latin America |
|
|
Groundnut Oil |
Bakery and Confectionary |
Europe |
|
|
Coconut Oil |
Other Applications |
East Asia |
|
|
Rapeseed Oil |
|
South Asia |
|
|
Sunflower Oil |
|
Oceania |
|
|
Cottonseed Oil |
|
MEA |
|
|
Other Vegetable Oils |
|
|
|
|
|
|
|
|
|
|
|
|
This taxonomy and the detailed table of content prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Global Interesterified fats Market: Analysis on Market Size Evaluation
Market valuation at the global and regional scale for global interesterified fats market is offered in terms of “US$ Mn” A Y-o-Y growth comparison on the key interesterified fats market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where interesterified fats is witnessing growing demand.
Global Interesterified fats Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global interesterified fats market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global interesterified fats market in the near future.
Country-specific assessment on the demand for interesterified fats has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.
Global Interesterified Fats Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of interesterified fats, along with company’s strategies, identification, and analysis. Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.
The intensity mapping of the market players operating in the global interesterified fats market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global interesterified fats market.
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Interesterified Fats Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029