The ability of the fat replacer to mimic the physical and chemical qualities of lipids, thereby, providing fewer calories per gram, has revolutionized the food & beverage processing industry. New product launches catering to the low-fat and skimmed products industry is anticipated to propel market growth.
Increasing occurrences of obesity, cancer, high blood cholesterol levels, and coronary heart diseases has urged consumers to shift to a low-calorie diet, thus complementing market demand. Regulatory support aimed at facilitating foreign direct investments in developing countries is expected to amplify food & beverage production, consequently, increasing demand for fat replacers.
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Further key findings from the study suggest:
- Investments in nutritional health food products across the world is expected to boost the demand for fat replacer
- Carbohydrate-based fat replacer was the leading product segment in 2015 and is projected to grow at an estimated CAGR of 6.2% from 2016 to 2025, as they help retain moisture, texture, viscosity, and provide mouthfeel
- Bakery & confectioneries segment occupied around 25% market share and is projected to witness fastest growth rate from 2016 to 2025
- Increasing demand for low-fat jams, jellies, chocolates, pastries, biscuits, and cakes is anticipated to increase the demand for fat mimetic in the bakery & confectioneries segment
- The Asia Pacific is market is expected to witness the fastest growth and hold largest market share by 2025, owing to increasing investments in the food & beverage manufacturing industry
- The CSA and MEA regions are projected to growth at a high CAGR due to rapid developments in the food processing industry
- Companies offer a broad range of products and solutions for application specific use. With growing health concerns, products are uniquely balanced in terms of carbohydrate content.
- Companies operating in this market include Cargill Incorporated, FMC Corporation, Archer Daniels Midland Company, Ashland Global Holdings Inc., Kerry Group PLC., DKS Co Ltd., and Agritech Worldwide Inc.
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