Specialty Fats And Oils Market Size, Share & Trends Analysis Report By Product Type (Specialty Fats, Specialty Oils), By Application (Confectionery, Dairy), By Region, And Segment Forecasts, 2024

The global specialty fats and oils market size is expected to reach USD 23.78 Billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.4% from 2024 to 2030. The specialty fats and oils market is experiencing significant growth due to an increasing demand for processed foods and convenience products among consumers worldwide. This trend is particularly prevalent in urban areas, where busy lifestyles and rising disposable incomes steer consumers towards ready-to-eat and packaged foods. Specialty fats and oils, offering tailored functionalities, flavors, and nutritional profiles, are integral to developing and enhancing these food products. Moreover, the versatility of these fats and oils makes them suitable for a wide range of applications, from baking and frying to confectionery and dairy products, further propelling their demand in the food processing industry.

In addition to the food sector, the demand in the personal care and cosmetics industry is bolstering the specialty fats and oils market. These ingredients are highly valued for their emollient properties, stability, and ability to act as carriers for other components, which makes them essential in the formulation of skincare, haircare, and cosmetic products. The growing consumer awareness of natural and organic ingredients, coupled with a willingness to spend on high-quality personal care products, contributes significantly to this market expansion.

Furthermore, advancements in technology and innovation in the extraction, processing, and application of specialty fats and oils play a crucial role. Manufacturers are continuously seeking new methods to improve their products' functionality, health benefits, and sustainability, responding to the evolving demands of consumers and regulatory bodies. The development of non-hydrogenated, trans-fat-free, and low-saturated fat products illustrates the industry's adaptation to health-conscious trends. Environmental concerns and the sustainable sourcing of raw materials influence market dynamics, with a pronounced shift towards more eco-friendly and ethically produced specialty fats and oils. This combination of technological, consumer, and environmental factors is shaping the growth and future direction of the specialty fats and oils market.

Specialty Fats And Oils Market Report Highlights:

Based on product type, specialty oils possess segment held a revenue share of 72.3% in 2023, due to the rising popularity of plant-based diets and the growing awareness of their health benefits, such as omega-3 fatty acids. Furthermore, the expanding applications of specialty oils in cosmetics, pharmaceuticals, and biofuels contribute significantly to market growth, driven by their functional properties and sustainability advantages.
On the other hand, specialty fats segment is expected to witness a CAGR of 7.5% during 2024 to 2030, owing to its versatility in enhancing texture, stability, and nutritional profiles of food products, meeting consumer preferences for healthier alternatives. Additionally, their increasing use in confectionery, bakery, and dairy industries to improve product quality and shelf life further boosts market growth.
In terms of application, confectionery possesses segment a share of 54.5% in 2023. The demand for specialty fats and oils in the bakery and confectionery industry is driven by their ability to enhance product texture, mouthfeel, and shelf life. Additionally, consumer preferences for healthier alternatives and the versatility of specialty fats and oils to meet specific dietary and functional requirements further stimulate market growth in this sector.
Europe held a market share of 21.6% in 2023, owing to the growing demand for high-quality, healthier alternatives to conventional fats and oils, along with the burgeoning food industry needing specialized fats for various applications. Moreover, stringent EU regulations on food safety and sustainability are pushing manufacturers towards sustainable sourcing and production practices, further fueling the market growth.
Asia-Pacific is expected to grow at a CAGR 8.0% during 2024 to 2030, due the rising demand for processed foods and the growing confectionery and bakery industries. Additionally, increased health awareness and the shift towards healthier dietary fats contribute to market growth in this region.

Product Code: GVR-4-68040-364-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Type Outlook
2.3. Application Channel Outlook
2.4. Regional Outlook
2.5. Competitive Insights

Chapter 3. Specialty Fats And Oils Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter's
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Specialty Fats And Oils Market: Type Estimates & Trend Analysis

5.1. Type Movement Analysis & Market Share, 2023 & 2030
5.2. Specialty Oils
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Specialty Fats
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Specialty Fats And Oils Market: Application Channel Estimates & Trend Analysis

6.1. Confectionery
- 6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.2. Dairy
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 7. Specialty Fats And Oils Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. Key country dynamics
  - 7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Key country dynamics
  - 7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Key country dynamics
  - 7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
  - 7.3.2.1. Key country dynamics
  - 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Key country dynamics
  - 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. Key country dynamics
  - 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Key country dynamics
  - 7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Key country dynamics
  - 7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. Key country dynamics
  - 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.3. Japan
  - 7.4.3.1. Key country dynamics
  - 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4. Australia & New Zealand
  - 7.4.4.1. Key country dynamics
  - 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
  - 7.4.5.1. Key country dynamics
  - 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6. India
  - 7.4.6.1. Key country dynamics
  - 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Key country dynamics
  - 7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. Key country dynamics
  - 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 8. Competitive Analysis

8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant's Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.10. Bunge Limited
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
8.11. Wilmar International Limited
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Strategic Initiatives
8.12. Golden Agri-Resources Ltd
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Strategic Initiatives
8.13. Kuala Lumpur Kepong Berhad
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Product Benchmarking
- 8.13.4. Strategic Initiatives
8.14. Sime Darby Plantation Sdn Bhd
- 8.14.1. Company Overview
- 8.14.2. Financial Performance
- 8.14.3. Product Benchmarking
- 8.14.4. Strategic Initiatives
8.15. Cargill
- 8.15.1. Company Overview
- 8.15.2. Financial Performance
- 8.15.3. Product Benchmarking
- 8.15.4. Strategic Initiatives
8.16. Liberty Oil Mills Ltd.
- 8.16.1. Company Overview
- 8.16.2. Financial Performance
- 8.16.3. Product Benchmarking
- 8.16.4. Strategic Initiatives
8.17. Henry Lamotte Oils GmbH
- 8.17.1. Company Overview
- 8.17.2. Financial Performance
- 8.17.3. Product Benchmarking
- 8.17.4. Strategic Initiatives
8.18. Savola Group
- 8.18.1. Company Overview
- 8.18.2. Financial Performance
- 8.18.3. Product Benchmarking
- 8.18.4. Strategic Initiatives
8.19. IOI Corporation
- 8.19.1. Company Overview
- 8.19.2. Financial Performance
- 8.19.3. Product Benchmarking
- 8.19.4. Strategic Initiatives

Product Code: GVR-4-68040-364-6

List of Tables

1. Specialty fats and oils market - Key market driver analysis
2. Specialty fats and oils market - Key market restraint analysis
3. Specialty oils market estimates and forecast, 2018 - 2030 (USD Million)
4. Specialty fats market estimates and forecast, 2018 - 2030 (USD Million)
5. Confectionery market estimates and forecast, 2018 - 2030 (USD Million)
6. Dairy market estimates and forecast, 2018 - 2030 (USD Million)
7. North America specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
8. North America specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
9. North America specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
10. U.S. specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
11. U.S. specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
12. U.S. specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
13. Canada specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
14. Canada specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
15. Canada specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
16. Mexico specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
17. Mexico specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
18. Mexico specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
19. Europe specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
20. Europe specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
21. Europe specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
22. U.K. specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
23. U.K. specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
24. U.K. specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
25. Germany specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
26. Germany specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
27. Germany specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
28. France specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
29. France specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
30. France specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
31. Italy specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
32. Italy specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
33. Italy specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
34. Spain specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
35. Spain specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
36. Spain specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
37. Asia Pacific specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
38. Asia Pacific specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
39. Asia Pacific specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
40. China specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
41. China specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
42. China specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
43. Japan specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
44. Japan specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
45. Japan specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
46. Australia & New Zealand specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
47. Australia & New Zealand specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
48. Australia & New Zealand specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
49. India specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
50. India specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
51. India specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
52. Central & South America specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
53. Central & South America specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
54. Central & South America specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
55. Brazil specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
56. Brazil specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
57. Brazil specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
58. Middle East & Africa specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
59. Middle East & Africa specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
60. Middle East & Africa specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)
61. South Africa specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
62. South Africa specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
63. South Africa specialty fats and oils market estimates and forecast, by application, 2018 - 2030 (USD Million)

List of Figures

1. Specialty fats and oils market snapshot
2. Specialty fats and oils market segmentation & scope
3. Specialty fats and oils market penetration & growth prospect mapping
4. Specialty fats and oils market value chain analysis
5. Specialty fats and oils market dynamics
6. Specialty fats and oils market Porter's Five Forces analysis
7. Specialty fats and oils market estimates and forecast, by type, 2018 - 2030 (USD Million)
8. Specialty fats and oils market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
9. Specialty fats and oils market estimates and forecast, by region, 2018 - 2030 (USD Million)
10. North America specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
11. U.S. specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
12. Canada specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
13. Mexico specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
14. Europe specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
15. Germany specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
16. U.K. specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
17. Spain specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
18. Italy specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
19. France specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
20. Asia Pacific specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
21. China specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
22. India specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
23. Japan specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
24. South Korea specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
25. Australia & New Zealand specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
26. Central & South America specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
27. Brazil specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
28. Middle East & Africa specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)
29. South Africa specialty fats and oils market estimates and forecast, 2018 - 2030 (USD Million)

Specialty Fats And Oils Market Size, Share & Trends Analysis Report By Product Type (Specialty Fats, Specialty Oils), By Application (Confectionery, Dairy), By Region, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

Specialty Fats And Oils Market Growth & Trends:

Specialty Fats And Oils Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Specialty Fats And Oils Market Variables, Trends & Scope

Chapter 4. Consumer Behavior Analysis

Chapter 5. Specialty Fats And Oils Market: Type Estimates & Trend Analysis

Chapter 6. Specialty Fats And Oils Market: Application Channel Estimates & Trend Analysis

Chapter 7. Specialty Fats And Oils Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Analysis

List of Tables

List of Figures