North America Fat Replacers Market - Growth, Trends, and Forecast (2018 - 2023)
The North America fat replacers market is a mature market and is estimated to register a 6.7% CAGR. Fat replacers chemically resemble fats, derived from proteins, or carbohydrates. The rise in obesity and growing consumer awareness about fat replacer products has increased the demand in the North American market, many folds.
North America fat replacer market is well developed due to significant awareness about the need to limit fat-intake and control the risks of obesity, heart diseases, some types of cancer, etc. The fat replacers market is expected to exhibit a healthy growth during the following years, with a majority of the sales sourced from mature markets for carbohydrate and protein-based fat replacers. The growing consumer anxiety regarding the health issues related to fat replacers and the taste concern, when compared to their full-fat counterparts, are suppressing the current fat replacers market growth.
The North America fat replacers industry is segmented by type, application, and geography. By type, the fat replacer products can be further segmented into carbohydrate-based fat replacers, protein-based fat replacers, and lipid-based fat replacers. Carbohydrate-based fat replacers continue to lead the market for fat replacers due to their status as US FDA recognized GRAS substances. The major end-use industries, such as dairy, meat, bakery, and confectionary, analyzed the growing application of fat replacers is baked goods, frozen desserts, processed meat products, dairy products, snack products, etc. The North America fat replacer market has been geographically segmented into the United States, Canada, Mexico, and others.
North America holds the largest share in the fat replacer product market, globally. The United States is a key market, among all the North American countries, followed by Canada and Mexico. Most of the major brands manufacturing fat replacers are located in the United States, who also distributes their products, globally. Mexico has a great scope for growth in the fat replacer food market owing to its growing economy.