Global Powdered Fats Market Size, Share, and COVID-19 Impact Analysis, By Source (Palm & Palm Kernels, Milk & Others), By Processing Technology (Spray Drying, Drum Drying & Others), By Application (Dairy & Non-dairy Products, Frozen Desserts, Bakery & Confectionery & Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Industry: Food & Beverages

RELEASE DATE Mar 2024
REPORT ID SI3917
PAGES 200
REPORT FORMAT PathSoft

Global Powdered Fats Market Insights Forecasts to 2033.

  • The Global Powdered Fats Market Size was Valued at USD 2.33 Billion in 2023.
  • The Market Size is Growing at a CAGR of 3.88% from 2023 to 2033.
  • The Worldwide Powdered Fats Market Size is Expected to Reach USD 3.41 Billion by 2033.
  • North America is expected to Grow the fastest during the forecast period.

 

Global Powdered Fats Market

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The Global Powdered Fats Market Size is Anticipated to Exceed USD 3.41 Billion by 2033, Growing at a CAGR of 3.88% from 2023 to 2033.

 

Market Overview

Fat that has been processed into a dry, powder-like consistency is known as powdered fat. It is frequently a component of many different culinary applications and food items. Dairy products, animal fats, and vegetable oils are some of the sources of powdered fat. As an alternative to liquid fats, it is easier to handle, store, and incorporate into recipes. Powdered fats can also improve food items' taste, texture, and shelf life. Throughout the duration of the forecast period, this market is anticipated to rise significantly due to the increased use of powdered fats in nutritional product formulations and the growing demand for healthy fats in food applications. The food business is seeing an increase in demand for healthy fats, especially in the baked goods sector. Growing consumer preferences for decadent meals with a clean-label, plant-based, low-fat content and organic fats and oils are the main causes of it. Customers are becoming more conscientious about the foods they eat, looking for unusual sensory experiences, and giving clean labeling, plant-based ingredients, nutritional profiles, and sustainability a top priority.

 

Report Coverage

This research report categorizes the market for the global powdered fats market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global powdered fats market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global powdered fats market.

 

Global Powdered Fats Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 2.33 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 : 3.88%
2033 Value Projection:USD 3.41 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Source, By Processing Technology, By Application, By Region
Companies covered:: Kerry Group plc, Royal FrieslandCampina N.V., Aarkay Food Products Ltd., Insta Foods, Castle Dairy s.a., Zeon Lifesciences Ltd., LUS Health Ingredients BV, Hill Natural Extract, Tiba Starch & Glucose Manufacturing Co. S.A.E, and Others.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving factor

The global powdered fats market is driven by various factors, including the increasing product offerings through retail channels. The increasing need for convenience among people has led to the availability of fat powders in supermarkets and hypermarkets. As contemporary commerce methods have taken center stage, supermarkets and hypermarkets have grown their market share. This channel gains from having so many different product possibilities under one roof. In addition, shifts in customers' eating habits and the food sector's increasing demand. The demand for ingredients used in the manufacture of processed food and beverage products is predicted to rise as a result of increased production of food and beverages and the expansion of cold chain facilities to assure food quality. Over the past several years, there has been a noticeable change in the dietary patterns of consumers. The demand for fat powders has significantly increased due to rising disposable income and higher living standards in restaurants, bakeries, confectioneries, and other food chains. Fat powders are used to improve the distribution of fat in food mixes, improve texture and mouthfeel, and give food products additional creaminess, opacity, and adhesive properties.

 

Restraining Factors

The market for fat powder is expected to expand slowly due to the presence of harmful artificial preservatives, which have a number of negative health effects, and the lack of nutritional value of chemically fermented fat powder. On the other hand, the market for fat powder is predicted to grow slowly due to the abundance of readily available alternatives and the rising health concerns about added preservatives.

 

The Global Powdered Fats Market share is classified into the source, process technology, and application.

  • The palm and palm kernel segment is expected to hold the largest share of the global powdered fats market during the forecast period.    

Based on the source, the global powdered fats market is divided into palm and palm kernels, milk, and others. Among these, the palm and palm kernel segment is expected to hold the largest share of the global powdered fats market during the forecast period. Palm-derived powdered fats are the preferable option for applications requiring stable fats, such as baking, confectionery, and snack foods, because of their high melting point, which lowers the likelihood of rancidity. Because they are mixed into animal feed during preparation, palm fats are also essential to the animal feed sector.

 

  • The spray dried segment is expected to hold the largest share of the global powdered fats market during the forecast period.    

Based on the processing technology, the global powdered fats market is divided into spray drying, drum drying and others. Among these, the spray dried segment is expected to hold the largest share of the global powdered fats market during the forecast period. Spray drying is a popular technique that works well for heat-sensitive fats because it atomizes a liquid fat or oil into minute droplets and swiftly dries them with hot air to generate powder particles. Various food products such as cookies, candies, quick drinks, savory dishes, dairy substitutes, and dietary supplements use spray-dried fat powders.

 

  • The bakery and confectionery segment is expected to hold the largest share of the global powdered fats market during the forecast period.    

Based on the application, the global powdered fats market is divided into dairy and non-dairy products, frozen desserts, bakery and confectionery, and others. Among these, the bakery and confectionery segment is expected to hold the largest share of the global powdered fats market during the forecast period. Due to its substantial amount of fat, the industry has noticed an increase in demand for fat-filled milk powder as opposed to whole milk powder. Clean-label and all-natural bakery items are gaining popularity among customers, particularly among Europeans who frequently review ingredient labels.

 

Regional Segment Analysis of the Global Powdered Fats Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

   

Asia Pacific is anticipated to hold the largest share of the global powdered fats market over the predicted timeframe.

 

Global Powdered Fats Market

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Asia Pacific is anticipated to hold the largest share of the global powdered fats market over the predicted timeframe. Due to the region's increasing need for processed and ready-to-eat meals, a number of businesses are now providing powdered fat for a variety of uses. Since powdered fats offer concentrated flavor and texture, their usage in culinary applications is growing. Additionally, traditional oils and butter are not as economical to produce on an industrial scale. A variety of powdered fats are offered by numerous prominent and up-and-coming firms in the market to satisfy the growing demand for processed meals in the area.

 

North America is expected to grow the fastest during the forecast period. The region's need for fat powders is increasing due to the rising appeal of vegan and non-dairy milk substitutes. A number of businesses are releasing products that improve mouthfeel and richness in response to growing consumer demand.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global powdered fats along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Kerry Group plc
  • Royal FrieslandCampina N.V.
  • Aarkay Food Products Ltd.
  • Insta Foods
  • Castle Dairy s.a.
  • Zeon Lifesciences Ltd.
  • LUS Health Ingredients BV
  • Hill Natural Extract
  • Tiba Starch & Glucose Manufacturing Co. S.A.E
  • Others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In March 2021, Veganergy is a new line of powdered fats from LUS Health Ingredients that is vegan-friendly.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Powdered Fats Market based on the below-mentioned segments:  

 

Global Powdered Fats Market, By Source

  • Palm and Palm Kernels
  • Milk
  • Others

 

Global Powdered Fats Market, By Processing Technology

  • Spray Drying
  • Drum Drying
  • Others

 

Global Powdered Fats Market, By Application

  • Dairy and Non-dairy Products
  • Frozen Desserts
  • Bakery and Confectionery
  • Others

 

Global Powdered Fats Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the powdered fat?
    Fat that has been processed into a dry, powder-like consistency is known as powdered fat.
  • 2. What is the value of the global powdered fat in 2023?
    The global powdered fats market size was valued at USD 2.33 billion in 2023.
  • 3. What is the growth of the fat powdered market?
    The market size is growing at a CAGR of 3.88% from 2023 to 2033.

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