Specialty Fats and Oils Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global specialty fats and oils market size was worth around USD 10620 million in 2019 and is predicted to grow around USD 16610 million by 2026 with a compound annual growth rate (CAGR) of roughly 7% between 2020 and 2026. The report analyzes the global Specialty Fats and Oils market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Specialty Fats and Oils market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Specialty Fats and Oils market. The report analyzes and declares the historical and current trends analysis of the Specialty Fats and Oils industry and subsequently recommends the projected trends anticipated to be observed in the Specialty Fats and Oils market during the upcoming years.

The specialty fats and oils market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Specialty Fats and Oils market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the interview with industry participants, an increase in the consumption of confectionery and processed foods has been a major driver for the target market growth
• In terms of type, palm oil was the major revenue-generating category
• In terms of application, the industry category generated major revenue
• In terms of end-user, chocolate was the leading category
• Europe was the leading revenue-generating region as there is a high demand for confectionery and processed foods in the region

Key Recommendations from Analysts

• As per our analyst, the target market is anticipated to grow at a CAGR of around 7%
• Europe is anticipated to continue its dominance owing to the high demand for fats and oil products in the region
• Palm oil is expected to be the dominating category in terms of type segment over the forecast period
• Industry and Chocolate categories are anticipated to be the leading categories of application and end-user segments respectively
• The target market is anticipated to generate revenue of around USD 16,610 Million in 2026

Global Specialty Fats & Oils Market Revenue Share In 2019 – By Type

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Specialty Fats and Oils industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Specialty Fats and Oils industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Specialty Fats and Oils market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Specialty Fats and Oils industry. The Specialty Fats and Oils market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Specialty Fats and Oils sector. Key strategic developments in the Specialty Fats and Oils market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Specialty Fats and Oils market are appropriately highlighted in the report.

The trend for improving the nutritive value of the item will boost the expansion of the target industry over the forecast period. Moreover, the huge popularity of confectionaries and baked items coupled with huge product penetration in this sector will propel the target market growth.

Industries are introducing new changes in the product as per customer requirements. Moreover, growth in production lessens the gap between the demand & supply of the product has been augmenting the target market growth as well.

Report Scope

Regional Analysis:

The Specialty Fats and Oils market research report deliver an acute valuation and taxonomy of the Specialty Fats and Oils industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Specialty Fats and Oils industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Specialty Fats and Oils industry is provided for the leading economies of the world.

The Specialty Fats and Oils market are segmented based on Type and Application.  On the basis of type segmentation, the market is classified into specialty oil and specialty fat. Specialty oil is further sub-categorized as sunflower oil, palm oil, soya oil, rapeseed, olive oil, and others. Whereas, specialty fat is sub-categorized as bakery fats, ice cream fats, confectionary fats, frying fat, and others. In terms of Application segmentation, the market is bifurcated into the restaurant, households, industries, and others.  On the basis of end-user, the market is segmented as chocolate, confectioneries, bakery, infant food, culinary, functional fats, and others

Some of the essential players operating in the target market

•  Wilmar International
•  Cargill Incorporated
•  IOI Group
•  Fuji Oil Co. Ltd
•  ADM (Archer Daniels Midland Company)
•  IFFCO
•  Premium Vegetable Oils Sdn Bhd
•  Musim Mas Holdings Pte. Ltd
•  Intercontinental Specialty Fats Sdn. Bhd
•  Liberty, Batory Foods, Inc
•  AAK AB
•  Mewah International Inc
•  Rotel
•  Bunge
•  Virgoz.

The taxonomy of the Specialty Fats and Oils Market by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• Speciality Oil
  • Sunflower Oil
  • Palm Oil
  • Soya Oil
  • Rapeseed
  • Olive Oil
  • Others
• Speciality Fat
  • Bakery Fats
  • Ice Cream Fats,
  • Confectionary Fats
  • Frying Fat
  • Others

By Application Segmentation Analysis (Customizable)

• Restaurant
• Household
• Industry
• Other

By Application Segmentation Analysis (Customizable)

• Chocolate
• Confectionaries
• Bakery
• Infant Food
• Culinary
• Functional Fats
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa