Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
INTRODUCTION REPORT DESCRIPTION
As per the report the Global Specialty Fats & Oils Market was worth USD 1579 million in 2016 and it reached USD 2533.8 million in 2023. The global market is expected to grow at a CAGR of 6 % over the forecast period of 2017 – 2023. This report estimates the market size of specialty fats & oils in terms of value (USD Million) and volume(kilo tons) over the period of 2015 to 2023. The year 2016 are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for specialty fats & oils by type, by ingredients, by form, by application and by regions are estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analyses of the global specialty fats & oils market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of specialty fats & oils. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of specialty fats & oils market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global specialty fats & oils market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
SEGMENTATION AND RES EARCH SCOPE SPECIALTY FATS & OILS MARKET SEGMENTATION
Type • Confectionary Fats • Bakery Oil/fat • Culinary Oil/Fat • Functional Oil/Fat
Ingredients
Palm Oil Palm Kernel Oil Soybean Oil Nut based oil Exotic Fats and Oils (Majorly Tropical Tree Seed Oils) Others (Used as Specialty Oils)
Applications • Chocolate & confectionary • Bakery • Dairy • Frying/Cooking Retail Consumption • Cosmetics • Others (Baby Food etc.)
Form Liquid Dry (Solid/Semisolid)
The report segments the global specialty fats & oils market by ingredients: palm oil, palm kernel oil, soybean oil, nut based oil, exotic fats and oils (majorly tropical tree seed oils), others (as specialty oils or feedstock for specialty fats). On the basis of type: confectionary fats, bakery oil/fat, culinary oil/fat, and functional oil/fat. On the basis of form: liquid, dry (solid/semisolid). On the basis of application: chocolate & confectionary, bakery, dairy, frying/cooking retail consumption, cosmetics, others (baby food etc.) RESEARCH METHODOLOGY METHODOLOGY
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the specialty fats & oils market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary 3
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
PRIMARY RESEARCH
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
4. Regional/zonal/ country managers 5. Vice President level executives. SECONDARY RESEARCH
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. • Websites and publications by research agencies • The National Chemical Database Service • ICSC databases. RESEARCH APPROACHES
The study on global specialty fats & oils market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million and volume in kilo tons. The research also covers the analysis of the various segments in the global specialty fats & oils market. The estimates in the global specialty fats & oils market are based on both bottom-up and top-down approaches. Get Sample Copy of this Report @ https://www.infiniumglobalresearch.com/reports/sample-request/168
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- BOTTOM UP
• Accumulation of the country level market size (sales value) • Regional market size of specialty fats & oils and its applications, type, form and ingredients
• Segment revenue of the key players • Country level market size by applications, by type, by form and by ingredients
• Identifying key players in the specialty fats & oils market • Accumulation of the regional/country market size (sales value) • Global market size of applications, type, form and ingredients
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Specialty fats & oils market.
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- RESEARCH METHOD AND DATA TRIANGULATION
SECONDARY SOURCES.
PRIMARY SOURCES
• Industry Publications
end-use
•C-level executives in the leading manufacturing companies of specialty fats & oils •Product managers •Sales managers •Industry consultants •Distributors/Suppliers
• Industry news ‘ • Data sources • Others
Infinium’s Data bank/Know how
• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Journals Primary Research
Secondary Research
• Paid Databases
Company Publications .
SUPPLY SIDE
of
General. Publications
DEMAND SIDE
• Government Agencies’ Publications
•Top executives industries •Intermediaries
Data Triangulation and Information Sources
The market size of specialty fats & oils is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the specialty fats & oils market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the specialty fats & oils market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the specialty fats & oils market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of specialty fats & oils. With the help of primary interviews and secondary research the market size of specialty fats & oils is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of specialty fats & oils in the world market.
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
EXECUTIVE SUMMARY GLOBAL SPECIALTY FATS & OILS MARKET HIGHLIGHTS, (USD MILLION)
The global specialty fats & oils market was worth USD 1579 million in 2016 and it is projected to reach USD 2533.8 million in 2023, expanding at a CAGR of 6.8% between 2017 and 2023. The major driving factor for the specialty fat is the constrained supply of cocoa butter and rising demand of chocolates and confectionary worldwide. The increasing gap between demand and supply of cocoa butter in the confectionery and chocolate industry is met by production of specialty fat. Moreover, rising awareness about the benefits of consumption of good fatty acids is a key driver for growth of specialty fats and oils market. Moreover, growing consumer preferences for products that are natural in origin is also resulting rising demand of specialty fats in application industries. The Asia-Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global fats & oils market, in 2016. The AsiaPacific region comprises developing economies such as India, China, and Japan. India is a major consumer of palm oil. The rapid expansion of the applications of fats & oils and the demand for palm and soybean oils has resulted in growth of the market in the region. Asia-Pacific is the largest revenue generating region. Asia-Pacific is expected to growth at the highest CAGR of x.x% over the forecast period. Some of the key players in the global specialty fats & oils market are Cargill Inc, Wilmar International Limited, Bunge Limited, AAK AB, IOI Loders Croklaan and Nisshin OilliO, International Foodstuff Company Holdings Limited, Olenex, Musim Mas Holdings, Intercontinental Specialty Fats SDN BHD., and 3F Industries. Get 15% discount for early purchase of Global Specialty Fats & OilsMarket report by clicking the following link, Use code IGRD15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/168 8
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SPECIALTY FATS & OILS MARKET PROJECTION, 2015 – 2023 (USD MILLION)
2016
2017
2019
2018
Value
2020
2021
2022
2023
Specialty fats & oils market is expected to experience significant growth globally. The global market for specialty fats & oils is expected to grow at a CAGR X.X% over the period of 2016 to 2023, emerging markets are expected to impact the growth rate over the forecast period. GLOBAL SPECIALTY FATS & OILS MARKET CAGR GROWTH BY REGIONS
x.x
x.x %
%
x.x
%
North America Latin America
x.x %
Europe Asia
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. The Asia-Pacific region is expected to grow at a CAGR of x.x% over the forecast period, followed by Latin America and RoW regions growing at CAGRs x.x% and x.x% respectively over the period of 2016 – 2023. MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS
DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global specialty fats & oils market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the specialty fats & oils market. Drivers refer to the factors that are expected to drive or boost the market size or demand for specialty fats & oils. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of specialty fats & oils market both in short run and long run. DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL SPECIALTY FATS & OILS MARKET
D
Drivers
• • •
Rising demand of chocolates and confectionary worldwide Rising awareness about the benefits of consumption of good fatty acids Increasing gap between demand and supply of cocoa butter in the confectionery and chocolate industry
R
•
Health anxieties related to extreme consumption of fats & oils
O
•
Requirement for clean-label products from customers
Restraints
Opportunities
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- GROWTH MATRIX ANALYSIS
Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
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Specialty Fats & Oils Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
Europe
Asia-Pacific
Latin America
RoW
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/food-beverage/specialty-fats-oilsmarket
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