Global Fat Replacers Market is expected to foresee significant growth. APAC to lead the growth!

The increasing prevalence of obesity and the growing awareness about health and wellness are the major drivers contributing to the growth of this market. The Prevalence of Obesity and Overweight is rising dramatically across the globe and has nearly tripled since 1975. Obesity is among one of the leading causes of death worldwide as obese people are prone to many serious health conditions and illnesses. For instance, as per CDC, more than 900,000 adult COVID-19 hospitalizations occurred in the United States between the beginning of the pandemic and till November 2020. Models estimate that 271,800 (30.2%) of these hospitalizations were attributed to obesity. Globally, the number of people overweight or obese has reached epidemic proportions fuelling the growing rates of non-communicable diseases, including at least ten cancers. Excessive sugar consumption is one-factor promoting overweight and obesity. Over the last decade, global sugar consumption has grown from about 130 to 178 million tonnes. A rise in chronic disease coupled with rising obesity is leading to the growing demand for healthy food, therefore, the demand for fat replacers is promulgating.

The Fat Replacers Market is expected to grow at a steady rate of around 6% owing to the rising awareness about the health benefits of fat replacers among end-users. Moreover, the rising living standards of people which is encouraging them to buy the best quality products for their day-to-day lives. People across the globe are opting for Fat Replacers that are natural and organic. Manufacturers of fat substitutes are concentrating on enhancing the quality of fat substitutes that would preserve moisture and texture in various food products. Additionally, companies are attempting to offer alternatives that fully eliminate fat with the use of plant-based goods.

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Based on source, the market is segmented into plants and animals. The plant segment grabbed the major market share and dominated the market in 2020. The growing inclination towards plant-based food among consumers is contributing to the growth of this segment. According to the Plant Based Foods Association, 29% of consumers categorize themselves as flexitarian, meaning they eat a wide variety of foods, but are actively trying to eat fewer animal products.

On the basis of type, the market is categorized into Carbohydrate based, Protein-based, Fat based. Among these, the carbohydrate-based segment grabbed the major market share and dominated the market in 2020. Carbohydrate-based fat replacers help retain texture, moisture, and viscosity, and provide mouthfeel and continue to lead the market because of their status as US FDA-recognized GRAS substances. Cellulose (Avicel cellulose gel, MethocelTM, Solka-Floc) can replace some or all of the fat in dairy products, sauces, frozen desserts, and salad dressings.

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For a better understanding of the market adoption of the Fat Replacers industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe region dominated the market and grabbed major market share in 2020. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period.

Some of the major players operating in the market include Archer Daniels Midland Company, Associated British Foods Plc., Ingredion Incorporated, Kerry Group PLC., Koninklijke DSM, Nestlé S.A., Tate & Lyle PLC, CP Kelco U.S., Inc., Ashland Global Holdings Inc., Corbion NV.

Global Fat Replacers Market Segmentation

Market Insight, by Source

• Plants
• Animals

Market Insight, by Type

• Carbohydrate based
• Protein based
• Fat based

Market Insight, by Application

• Bakery and Confectionary
• Processed Meat Products
• Dairy and Frozen Desserts
• Others

Market Insight, by Region

• North America
• The United Kingdom
  • Canada
  • Rest of North America
• Europe
• Germany
• The United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Archer Daniels Midland Company
• Associated British Foods Plc.
• Ingredion Incorporated
• Kerry Group PLC.
• Koninklijke DSM
• Nestlé S.A.
• Tate & Lyle PLC
• CP Kelco U.S., Inc.
• Ashland Global Holdings Inc.
• Corbion NV