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The global powdered fats market was valued at USD 2.64 Billion in 2023 and grew at a CAGR of 5.61% from 2024 to 2033. The market is expected to reach USD 4.55 Billion by 2033. The growth of the powdered fats market can be attributed to the rising demand for processed foods, nutritional supplements, and dairy products.
Fat powders also referred to as powdered fats, are manufactured from canola, sunflower, coconut, soybean, or palm oils and range in fat content from 30% to 50%. In dry mix applications, they are frequently used instead of conventional butter, cream, and liquid vegetable oils. Vegetable oil and fat milk powders are the sources of fat powder, which is carefully processed to guarantee uniformity and long shelf life. Powdered vegetable fat is produced using dairy or glucose as a basis. They resemble a powder that flows freely. They are especially advantageous because they are simple to measure and can be added to powdered premix. The production of hot sauces, ice cream, dehydrated soups, and bakery premixes are the most popular uses. These powders don't need to be refrigerated and have good conservation qualities. Recipes for sauces, soups, and baked items can be creative with these useful components, especially if they call for quick powder applications. Fat powders can be tailored to produce desired levels of whitening, creaminess, mouthfeel, colour, texture, taste, and sensory attributes.
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Increasing application in different food and beverage products: Fat powders are utilized in nutraceutical formulations such as mass gainers and weight gainers to provide a concentrated source of energy calories. For instance, a 70% fat powder contains about 7.6 kCal per gramme of powder. They also give the drink its texture, viscosity, whiteness, and creaminess. They are also frequently used to improve the mouthfeel of snacks and seasonings. They are occasionally used to partially replace cheese powders in seasonings to lower the finished product's price. They add texture, taste, and creaminess to the final product when added to ice cream mixes for frozen desserts, bread, cake mixes, and dessert mixes. Fat addition improves the finished product's flavour and fragrance perception. The fat powders, for instance, are perfect for making puddings, cold creams and soups.
Nutrient quality: Although vitamins and minerals are frequently added to powdered food items, their nutritional value may not be as high as that of whole meals. A range of phytochemicals, fibre, and other nutrients in whole meals are sometimes absent from powdered food items.
Increasing demand for bakery and confectionery products: With a long and rich history that dates back to antiquity, bakery products have changed to meet the needs of consumers with varying tastes and lifestyles. The burgeoning e-commerce industry, propelling varied product sales with distinctive flavours and scents, is one of the key developments in the market for bakery products. Major players are concentrating on research and development to produce novel bakery goods with a high nutritional value, such as cakes, bread, and biscuits. Convenience stores' explosive rise also aids market expansion in semi-urban areas. Important market trends include rising living standards and a growing working-class population's desire for wholesome bread products.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant powdered fats market, with a 36.91% market revenue share in 2023.
Asia-Pacific region will account for the largest market share with revenue growth. The rising demand for powdered fats in processed foods, nutritional supplements, etc., is promoting market growth. The increasing popularity of ketogenic diets in countries such as Japan and India has led to the development of low-carb products. Furthermore, with increasing purchasing power, consuming processed foods such as bakery and confectionery leads to higher demand for powdered fats.
Asia-Pacific region Powdered Fats Market Share in 2023 - 36.91%
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The source segment is divided into coconut, sunflower, palm and palm kernel, corn, canola and others. The palm and palm kernel segment dominated the market, with a share of around 37.91% in 2023. Both palm oil and palm kernel oil are useful oils taken from various sections of the oil palm fruit. It is possible to alter palm kernel oil for usage in particular foods. It keeps well for a long time and won't go bad if kept at room temperature for up to 18 months.
The processing technology segment is divided into freeze drying, spray drying, drum drying, and others. The spray drying segment dominated the market, with a share of around 53.28% in 2023. A liquid, emulsion, slurry, suspension, or paste can be continuously dried by spraying it into a heated gas medium, usually air, to create a dry powder. The procedure is atomizing a solution, slurry, or emulsion into droplets, in which hot air at a specific temperature and pressure quickly evaporates into solid powder.
The application segment is divided into bakery and confectionery, frozen desserts, dairy and non-dairy products, baby food and infant formula, seasonings and flavourings, beverages and others. The bakery and confectionery segment dominated the market, with a share of around 39.12% in 2023. Fat powders are simple to handle and mix, but they are useful in various food compositions, particularly fast mixes that include bakery and classic sweets. Due to their high-fat content and excellent free-flowing qualities, these powders are highly suitable for use as a fat source in baked goods.
The sales channel segment is divided into B2B and B2C. The B2B segment dominated the market, with a share of around 67.18% in 2023. A business-to-business company sells products and services to other companies. In the food sector, any company that sells goods to other food businesses is considered a B2B company.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 2.64 Billion |
| Market size value in 2033 | USD 4.55 Billion |
| CAGR (2024 to 2033) | 5.61% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Source, Processing Technology, Application and Sales Channel |
As per The Brainy Insights, the size of the powdered fats market was valued at USD 2.64 Billion in 2023 to USD 4.55 Billion by 2033.
Global powdered fats market is growing at a CAGR of 5.61% during the forecast period 2024-2033.
Asia-Pacific region emerged as the largest market for the powdered fats.
The market's growth will be influenced by the rising application of powdered fats.
The high cost can hamper the market growth.
The increasing demand for bakery and confectionery products is providing huge opportunities to the market.
Key players are Royal FrieslandCampina N.V., Kerry Group plc, Aarkay Food Products Ltd., Zeon Lifesciences Ltd, Insta Foods; Castle Dairy S.A, Hill Natural Extract, LUS Health Ingredients BV, Tiba Starch & Glucose Manufacturing Co. S.A.E among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Source
4.3.2. Market Attractiveness Analysis By Processing Technology
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Sales Channel
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for Powdered Fats
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Rising investment in technological advancement
5.5. Challenges
5.5.1. Incompatibility
6. Global Powdered Fats Market Analysis and Forecast, By Source
6.1. Segment Overview
6.2. Coconut
6.3. Sunflower
6.4. Palm and Palm Kernel
6.5. Corn
6.6. Canola
6.7. Others
7. Global Powdered Fats Market Analysis and Forecast, By Processing Technology
7.1. Segment Overview
7.2. Freeze Drying
7.3. Spray Drying
7.4. Drum Drying
7.5. Others
8. Global Powdered Fats Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Bakery and Confectionery
8.3. Frozen Desserts
8.4. Dairy and Non-Dairy Products
8.5. Baby Food and Infant Formula
8.6. Seasonings and Flavourings
8.7. Beverages
8.8. Others
9. Global Powdered Fats Market Analysis and Forecast, By Sales Channel
9.1. Segment Overview
9.2. B2B
9.3. B2C
10. Global Powdered Fats Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Powdered Fats Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Powdered Fats Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Royal FrieslandCampina N.V.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Kerry Group plc
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Aarkay Food Products Ltd.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Zeon Lifesciences Ltd
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Insta Foods
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Castle Dairy S.A
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Hill Natural Extract
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. LUS Health Ingredients BV
1.1.1. Business Overview
1.1.2. Company Snapshot
1.1.3. Company Market Share Analysis
1.1.4. Company Product Portfolio
1.1.5. Recent Developments
1.1.6. SWOT Analysis
12.9. Tiba Starch & Glucose Manufacturing Co. S.A.E
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
List of Table
1. Global Powdered Fats Market, By Source, 2020-2033 (USD Billion)
2. Global Coconut, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
3. Global Sunflower, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
4. Global Palm and Palm Kernel, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
5. Global Corn, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
6. Global Canola, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
7. Global Others, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
8. Global Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
9. Global Freeze Drying, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
10. Global Spray Drying, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
11. Global Drum Drying, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
12. Global Others, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
13. Global Powdered Fats Market, By Application, 2020-2033 (USD Billion)
14. Global Bakery and Confectionery, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
15. Global Frozen Desserts, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
16. Global Dairy and Non-Dairy Products, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
17. Global Baby Food and Infant Formula, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
18. Global Seasonings and Flavourings, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
19. Global Beverages, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
20. Global Others, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
21. Global Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
22. Global B2B, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
23. Global B2C, Powdered Fats Market, By Region, 2020-2033 (USD Billion)
24. Global Powdered Fats Market, By Region, 2020-2033 (USD Billion)
25. North America Powdered Fats Market, By Source, 2020-2033 (USD Billion)
26. North America Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
27. North America Powdered Fats Market, By Application, 2020-2033 (USD Billion)
28. North America Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
29. U.S. Powdered Fats Market, By Source, 2020-2033 (USD Billion)
30. U.S. Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
31. U.S. Powdered Fats Market, By Application, 2020-2033 (USD Billion)
32. U.S. Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
33. Canada Powdered Fats Market, By Source, 2020-2033 (USD Billion)
34. Canada Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
35. Canada Powdered Fats Market, By Application, 2020-2033 (USD Billion)
36. Canada Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
37. Mexico Powdered Fats Market, By Source, 2020-2033 (USD Billion)
38. Mexico Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
39. Mexico Powdered Fats Market, By Application, 2020-2033 (USD Billion)
40. Mexico Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
41. Europe Powdered Fats Market, By Source, 2020-2033 (USD Billion)
42. Europe Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
43. Europe Powdered Fats Market, By Application, 2020-2033 (USD Billion)
44. Europe Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
45. Germany Powdered Fats Market, By Source, 2020-2033 (USD Billion)
46. Germany Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
47. Germany Powdered Fats Market, By Application, 2020-2033 (USD Billion)
48. Germany Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
49. France Powdered Fats Market, By Source, 2020-2033 (USD Billion)
50. France Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
51. France Powdered Fats Market, By Application, 2020-2033 (USD Billion)
52. France Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
53. U.K. Powdered Fats Market, By Source, 2020-2033 (USD Billion)
54. U.K. Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
55. U.K. Powdered Fats Market, By Application, 2020-2033 (USD Billion)
56. U.K. Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
57. Italy Powdered Fats Market, By Source, 2020-2033 (USD Billion)
58. Italy Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
59. Italy Powdered Fats Market, By Application, 2020-2033 (USD Billion)
60. Italy Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
61. Spain Powdered Fats Market, By Source, 2020-2033 (USD Billion)
62. Spain Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
63. Spain Powdered Fats Market, By Application, 2020-2033 (USD Billion)
64. Spain Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
65. Asia Pacific Powdered Fats Market, By Source, 2020-2033 (USD Billion)
66. Asia Pacific Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
67. Asia Pacific Powdered Fats Market, By Application, 2020-2033 (USD Billion)
68. Asia Pacific Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
69. Japan Powdered Fats Market, By Source, 2020-2033 (USD Billion)
70. Japan Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
71. Japan Powdered Fats Market, By Application, 2020-2033 (USD Billion)
72. Japan Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
73. China Powdered Fats Market, By Source, 2020-2033 (USD Billion)
74. China Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
75. China Powdered Fats Market, By Application, 2020-2033 (USD Billion)
76. China Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
77. India Powdered Fats Market, By Source, 2020-2033 (USD Billion)
78. India Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
79. India Powdered Fats Market, By Application, 2020-2033 (USD Billion)
80. India Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
81. South America Powdered Fats Market, By Source, 2020-2033 (USD Billion)
82. South America Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
83. South America Powdered Fats Market, By Application, 2020-2033 (USD Billion)
84. South America Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
85. Brazil Powdered Fats Market, By Source, 2020-2033 (USD Billion)
86. Brazil Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
87. Brazil Powdered Fats Market, By Application, 2020-2033 (USD Billion)
88. Brazil Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
89. Middle East and Africa Powdered Fats Market, By Source, 2020-2033 (USD Billion)
90. Middle East and Africa Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
91. Middle East and Africa Powdered Fats Market, By Application, 2020-2033 (USD Billion)
92. Middle East and Africa Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
93. UAE Powdered Fats Market, By Source, 2020-2033 (USD Billion)
94. UAE Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
95. UAE Powdered Fats Market, By Application, 2020-2033 (USD Billion)
96. UAE Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
97. South Africa Powdered Fats Market, By Source, 2020-2033 (USD Billion)
98. South Africa Powdered Fats Market, By Processing Technology , 2020-2033 (USD Billion)
99. South Africa Powdered Fats Market, By Application, 2020-2033 (USD Billion)
100. South Africa Powdered Fats Market, By Sales Channel, 2020-2033 (USD Billion)
List of Figures
1. Global Powdered Fats Market Segmentation
2. Powdered Fats Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Powdered Fats Market Attractiveness Analysis By Source
9. Global Powdered Fats Market Attractiveness Analysis By Processing Technology
10. Global Powdered Fats Market Attractiveness Analysis By Application
11. Global Powdered Fats Market Attractiveness Analysis By Sales Channel
12. Global Powdered Fats Market Attractiveness Analysis By Region
13. Global Powdered Fats Market: Dynamics
14. Global Powdered Fats Market Share by Source (2023 & 2032)
15. Global Powdered Fats Market Share by Processing Technology (2023 & 2032)
16. Global Powdered Fats Market Share by Application (2023 & 2032)
17. Global Powdered Fats Market Share by Sales Channel (2023 & 2032)
18. Global Powdered Fats Market Share by Regions (2023 & 2032)
19. Global Powdered Fats Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Powdered Fats market based on below mentioned segments:
Global Powdered Fats Market by Source:
Global Powdered Fats Market by Processing Technology:
Global Powdered Fats Market by Application:
Global Powdered Fats Market by Sales Channel:
Global Powdered Fats Market by Region:
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