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Global Specialty Fats Market 2017-2021

  • Executiv e summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global specialty fats market: An overview
    • Global specialty fats market
      • Table Global specialty fats market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global specialty fats market by application
      • Table Global specialty fats market by application 2016 and 2021 (% share of revenue)
      • Table Global specialty fats market by application 2016-2021: Growth outlook
    • Global specialty fats market for confectionery
      • Table Global specialty fats market for confectionery 2016-2021 ($ millions)
    • Global specialty fats market for bakery products
      • Table Global specialty fats market for bakery products 2016-2021 ($ millions)
    • Global specialty fats market for dairy products
      • Table Global specialty fats market for dairy products 2016-2021 ($ millions)
    • Global specialty fats market for other applications
      • Table Global specialty fats market for other applications 2016-2021 ($ millions)
  • Geographical segmentation
    • Global specialty fats market by geography
      • Table Global specialty fats market by geography 2016 and 2021 (% share of revenue)
      • Table Global specialty fats market by geography 2016-2021: Growth outlook
    • Specialty fats market in APAC
      • Table Specialty fats market in APAC 2016-2021 ($ millions)
    • Specialty fats market in the Americas
      • Table Specialty fats market in the Americas 2016-2021 ($ millions)
    • Specialty fats market in EMEA
      • Table Specialty fats market in EMEA 2016-2021 ($ millions)
  • Key leading countries
    • China
    • US
    • UK
    • Germany
    • India
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Cocoa production in major cocoa-producing countries in 2014- 2015 and 2015-2016 (thousands ofmetric tons)
    • Market challenges
  • Market trends
    • Increase in strategic alliances
    • Increasing investments in specialty fats
    • New product development
  • Competitor analysis
    • Competitive scenario
    • Competitive positioning assessment
      • Table Competitive positioning matrix for specialty fats manufacturers in 2016
    • Bunge
      • Table Bunge: Product portfolio
    • Cargill
      • Table Cargill: Product portfolio
    • IFFCO
      • Table IFFCO: Product portfolio
    • IOI Loders Croklaan
      • Table IOI Loders Croklaan: Product portfolio
    • Wilmar International
      • Table Wilmar International: Product portfolio
    • Other prominent market players
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Specialty Fats Market 2017-2021

About Specialty Fats

Specialty fats have a good viscosity; hence, they can be used for filling, coating, and molding, and find a wide variety of applications. These fats include cocoa butter equivalents, cocoa butter replacers, cocoa butter substitutes, filling fats, coating and cream fats, milk fat replacers, shortenings, and frying fats. These are widely used for confectionery and bakery applications as they improve the sensory and textural properties of confectionery and bakery products.

Technavio’s analysts forecast the global specialty fats market to grow at a CAGR of 9.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global specialty fats market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of specialty fats globally in the bakery, confectionery, dairy products, and the non-food applications such as pharmaceutical, cosmetics, and personal care.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Specialty Fats Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bunge
  • Cargill
  • IFFCO
  • IOI Loders Croklaan
  • Wilmar International
Other prominent vendors
  • AAK
  • BMB Margarine
  • FUJI OIL HOLDINGS
  • INTERCONTINENTAL SPECIALTY FATS
  • Mewah Group
  • Musim Mas Holdings
  • Olenex
  • Pranav Agro Industries
  • Premium Vegetable Oils
Market driver
  • Rising consumption of chocolate
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in the price of raw materials
  • For a full, detailed list, view our report
Market trend
  • Increase in strategic alliances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Specialty Fats Market 2017-2021

Technavio recognizes the following companies as the key players in the global specialty fats market: Bunge, Cargill, IFFCO, IOI Loders Croklaan, and Wilmar International.

Other Prominent Vendors in the market are: AAK, BMB Margarine, FUJI OIL HOLDINGS, INTERCONTINENTAL SPECIALTY FATS, Mewah Group, Musim Mas Holdings, Olenex, Pranav Agro Industries, and Premium Vegetable Oils.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in strategic alliances. Manufacturers of specialty fats are investing extensively in joint ventures and acquisitions to acquire a major share of the global market and expand their presence in new regions. The alliances of these manufacturers have helped them in successfully launching their joint ventures.”

According to the report, one driver in the market is rising consumption of chocolate. The increased consumption of chocolates has led to the increased use of specialty fats in the preparation of chocolates. Chocolate, in the last couple of years, is increasingly being perceived as a better-for-you product owing to extended research that has associated cocoa’s antioxidant content to improved brain function, heart health, and reduced cancer risk. Due to the shortage of cocoa, many chocolate manufacturers include more of specialty fats in the preparation of chocolates.

Further, the report states that one challenge in the market is fluctuations in the price of raw materials. Raw materials used for manufacturing products such as confectioneries are palm kernels (palm oil) and other vegetable oils. Due to the lower production or yield of cocoa, there was a surge in the price of cocoa. This created opportunities for the alternatives of cocoa butter such as palm, shea, and other vegetable oils. Specialty fats that used in food and non-food applications are prepared from these sources. Thus, the prices of the raw materials that are used by manufacturers of specialty fats affect the production costs of specialty fats.

Companies Mentioned

Bunge, Cargill, IFFCO, IOI Loders Croklaan, Wilmar International, AAK, BMB Margarine, FUJI OIL HOLDINGS, INTERCONTINENTAL SPECIALTY FATS, Mewah Group, Musim Mas Holdings, Olenex, Pranav Agro Industries, and Premium Vegetable Oils.

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