Interesterified Fats Market Is Anticipated To Increase At 4.8% CAGR By 2033
The global Interesterified Fats market is valued at US$ 7.5 billion in 2023 and is estimated to exhibit expansion at a steady CAGR of 5.4% over the next ten years. As such, worldwide sales of Interesterified Fatss are forecasted to reach US$ 12.7 billion by the end of 2033.
Fact.MR, in its latest business intelligence study, depicts
the nuts and bolts of the global Interesterified Fats Market. The report
presents detailed information regarding the drivers, restraints, opportunities
and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms
of value and volume. Further, the report elaborates the market behavior of each
vendor operating in the Interesterified Fats market.
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Key Companies Profiled
- Cargill
Incorporated
- Willowton
Group
- Bunge
(Loders Croklaan)
- AAK
KAMANI Pvt. Ltd.
- FUJI
OIL CO. LTD.
- Archer-Daniels-Midland
Co.
- Wilmar
International Limited
- Novozymes
- Adams
Group
- Oleofinos
Key findings of the Interesterified Fats market
study:
- Regional
breakdown of the Interesterified Fats market based on predefined taxonomy.
- Innovative
manufacturing processes implemented by Interesterified Fats vendors in
detail.
- Region-wise
and country-wise fragmentation of the Interesterified Fats market to grasp
the revenue, and growth outlook in these areas.
- Changing
preferences among consumers across various regions and countries.
- Factors
(Positive and Negative) impacting the growth of the global Interesterified
Fats market.
Recent Development in the Market :
- In August
2021, Godrej Consumer Products Limited (GCPL) announced the launch of
digital-first brands. The new launches include detergents (laundry and
dishwashing) and home care. All three products can be purchased only via
e-commerce platforms, the company informed in a statement.
- In February
2022, Procter & Gamble, a consumer goods giant from the U.S., launched Gain
Power Blast, a new aroma-packed dishwashing spray.
Competitive landscape
Leading interesterified fat suppliers are focusing on taking
advantage of the ban on trans-fats and the negative publicity that is
associated with them by fueling innovation and launching new products that
could eliminate the use of trans fatty acids in food products.
- In
December 2021, Cargill, a private American food organization
announced its intent to eliminate the use of industrially-produced
trans-fatty acids (iTFAs) from its global edible oil product portfolio.
The plans would also be in accordance with the new standards recommended
by the World Health Organization (WHO) that will allow a maximum of 2
grams per 100 grams of oil/fats by 2023-end.
Key Segments of Interesterified Fats Industry Research
- By
Interesterification Process:
- Chemical
- Enzymatic
- By
Source:
- Soybean
Oil
- Palm
Oil
- Groundnut
Oil
- Coconut
Oil
- Rapeseed
Oil
- Sunflower
Oil
- Cottonseed
Oil
- Other
Vegetable Oils
- By
End-user Industry:
- Food
Processing
- Food
Service
- Pharmaceuticals
- Cosmetics
& Personal Care
- Bakery
& Confectionery
- Other
Industries
- By
Region:
- North
America
- Latin
America
- Europe
- APAC
- MEA
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Queries addressed in the Interesterified Fats market
report:
- Why
are the Interesterified Fats market players targeting region for increased
product sales?
- What
patented technologies are the players utilizing in the global
Interesterified Fats market?
- Which
regions are displaying the fastest growth in the Interesterified Fats
market?
- What
are the underlying micro-macroeconomic factors affecting the global
Interesterified Fats market?
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