DUBLIN--(BUSINESS WIRE)--The "Specialty Fats & Oils Market by Oil Type (Palm, Soybean, Rapeseed, Coconut), Fat Type (CBE, CBR, CBS, CBI), Application (Chocolates & Confectioneries, Bakery, Dairy Products), Form (Dry, Liquid), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global specialty fats market was valued at USD 2.13 Billion in 2017, and is projected to reach USD 3.66 Billion by 2023, growing at a CAGR of 9.4%. The global specialty oils market was valued at USD 14.67 Billion in 2017, and is projected to reach USD 21.19 Billion by 2023, growing at a CAGR of 6.3%.
The market is primarily driven by factors such as the increasing gap between cocoa butter demand & supply and the increase in the consumption of confectionery and processed foods.
On the basis of oil types, the specialty fats & oils market is segmented into palm oil, soybean oil, coconut oil, cottonseed oil, and rapeseed oil. The palm segment accounted for the largest share, followed by the soybean segment in 2016. Palm oils are majorly used to produce specialty oils & fats due to their compositions and wide availability. Palm oil is refined, bleached, and deodorized (RBD) to obtain specialty fat.
The Asia Pacific region is projected to be the fastest-growing market, and it also accounted for the largest share in 2016. The rising income, purchasing power, rapid growth of the middle-class population, and consumer demand for processed products provide promising prospects for growth and diversification in the region's specialty fats & oils sector.
Companies such as Cargill (US), Wilmar International (Singapore), Bunge (US), AAK AB (Sweden), and IOI Group (Malaysia) have acquired a leading market position through the provision of a broad product portfolio, along with a focus on diverse end-user segments.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Specialty Fats & Oils Market, by Type
8 Specialty Fats & Oils Market, by Application
9 Specialty Fats & Oils Market, by Form
10 Specialty Fats & Oils Market, by Functionality
11 Brand Overview
12 Specialty Fats & Oils Market, by Region
13 Competitive Landscape
14 Company Profiles
- AAK AB
- D&L Industries
- Fuji Oil
- International Foodstuff Company Limited (IFFCO)
- IoI Group
- Manildra Group
- Mewah International
- Musim Mas
- The Nisshin Oillio Group
- Wilmar International
For more information about this report visit https://www.researchandmarkets.com/research/2wsftn/global_specialty?w=4