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Specialty Fats and Oils Market: Segmentation by Type (specialty oils and specialty fats) and Geography (North America, Europe, APAC, MEA, and South America)--Forecast till 2026|Technavio

·7 min read

NEW YORK, Jan. 28, 2022 /PRNewswire/ -- The Specialty Fats and Oils market is segmented into two categories based on the type (specialty oils and specialty fats) and geography (North America, Europe, APAC, MEA, and South America). The market share is expected to increase by USD 6.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.52%.

Attractive Opportunities in Specialty Fats and Oils Market by Type and Geography - Forecast and Analysis 2022-2026
Attractive Opportunities in Specialty Fats and Oils Market by Type and Geography - Forecast and Analysis 2022-2026

For further insights on market overview and dynamic analysis, Read our FREE Sample Report

Parent Market Analysis

Technavio categorizes the global specialty fats and oils market as a part of the global packaged foods and meats market within the global consumer staples market.

Technavio uses the total revenue generated by manufacturers to estimate the global specialty fats and oils market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the specialty fats and oils market throughout the forecast period, Download a free sample.

Specialty Fats and Oils Market Value Chain Analysis

To maximize profit margins and evaluate business plans, an end-to-end understanding of the specialty fats and oils market is required. The report will help vendors drive costs and enhance customer services during the forecast period.

  • Inputs

  • Inbound logistics

  • Primary processing

  • Secondary and tertiary processing

  • Outbound logistics

  • End-customers

  • Marketing and sales

  • Innovation

To unlock information about vendor drive costs and customer service, download our free sample report.

Vendor Insights

The specialty fats and oils market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of vendors operating in the specialty fats and oils market, including some of the vendors such as 3F Industries Ltd., Cargill Inc., De Wit Speciality Oils, Fuji Vegetable Oil Inc., IFFCO Group, Musim Mas Group, Nisshin OilliO Group Ltd., Olea Fats Inc., Puratos NV/SA, Wilmar International Ltd

Backed with competitive intelligence and benchmarking, our research reports on the specialty fats and oils market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Product Insights and News

  • 3F Industries Ltd. - Offers specialty fats and oils that include frying oils, emulsified oils, corn oil, soybean oil, safflower oil, palm oil and sunflower oils, fats, and many more, under the brand name of 3F Industries Ltd.

  • Cargill Inc. - Offers specialty fats and oils that include edible oils, palm oil, palm kernel oil, coconut oil products, refined oils, packaged palm fats, oils, and many more, under the brand name of Cargill Inc.

  • Fuji Vegetable Oil Inc. - Offers specialty fats and oils that include frying oils, emulsified oils, corn oil, soybean oil, safflower oil, palm oil, and sunflower oils, fats, and many more, under the brand name of Fuji Vegetable Oil Inc.

The specialty fats and oils market forecast report offers in-depth insights into key vendor profiles and offerings Download Free Sample Report

Geographical Highlights

The specialty fats and oils market share growth in North America will be significant during the forecast period. The US is the key market for specialty fats and oils in North America. However, the market growth rate in this region will be slower than the growth of the market in Europe and APAC.

The rising demand for various types of chocolates and confectionery goods is propelling the growth of the regional specialty fats and oils market. As a result, industrial food producers in the country are concentrating on manufacturing high-quality, healthful food products. Such factors have increased the demand for specialty fats and oils. Bunge Ltd, Cargill, Inc, and Archer Daniels Midland Company are some of the leading players in the sector. The fast-food industry in the region is quickly expanding. The region includes highly developed countries with high-income populations, such as the United States and Canada. More than 60 % of diets contain processed foods.

Moreover, countries like the US, China, Germany, the UK, and France are the key market for the specialty fats and oils market in North America, owing to the rapidly increasing fast-food business in countries with high disposable income such as the US and Canada.

To unlock the top strategies practiced by the maximum growth generating region, View Sample Report

Key Market Dynamics-

  • Specialty Fats and Oils Key Market Drivers:

Droughts, floods, frost, and earthquakes have all hampered cocoa bean production in the world's top cocoa-producing countries. Africa, particularly the Ivory Coast and Ghana, is the world's largest producer of cocoa, accounting for more than 70% of global production. Factors such as excessive human intervention, in the form of animal husbandry and agriculture, have also put the habitat under pressure, thereby impacting the production. As a result of the market's demand and supply discrepancy, cocoa will command a premium price, resulting in increased demand for substitute items such as specialty fats. Such factors are expected to positively impact the market in focus during the forecast period.

  • Specialty Fats and Oils Key Market Trends:

In the beauty and personal care industry, there has been a growing demand for natural products over artificial chemicals throughout the years. The market for organic cosmetics and personal care products has been dominated by factors such as an increase in the number of millennials, particularly in APAC, a sharp increase in online presence and Internet usage, an increase in per capita income, and a growing awareness of sustainable and environmentally friendly products. This has increased the demand for specialty ingredients such as palm and olive oils in the beauty and personal care industries in the recent past and is expected to positively impact the market during the forecast period.

Download a free sample for highlights on market Drivers & Trends affecting the specialty fats and oils market.

Customize Your Report

Don't miss out on the opportunity to speak to our analyst and know more insights into this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!

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Premium Chocolate Market by Product and Geography - Forecast and Analysis 2021-2025

Functional Foods and Beverages Market in North America by Product and Geography - Forecast and Analysis 2022-2026

Specialty Fats and Oils Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.52%

Market growth 2022-2026

$ 6.06 billion

Market structure

Fragmented

YoY growth (%)

5.82

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3F Industries Ltd., Cargill Inc., De Wit Speciality Oils, Fuji Vegetable Oil Inc., IFFCO Group, Musim Mas Group, Nisshin OilliO Group Ltd., Olea Fats Inc., Puratos NV/SA, and Wilmar International Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio