Fat Replacers Market: Current Analysis and Forecast (2022-2028)

Global Fat Replacers Market is expected to grow at a significant rate of around 6% during the forecast period. The global fat replacers market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. Moreover, an increasing number of health-conscious populations is boosting the demand for a low-fat diet, which in turn is anticipated to aid the growth of the fat replacers market. Furthermore, the rising prevalence of cardiovascular disorders, high blood pressure, obesity, and other diseases is motivating people across the globe to switch to a low-fat diet which is anticipated to fuel the demand for fat replacers in food products. Furthermore, increasing government support to fat replacers and the launch of campaigns by food & health regulatory bodies to reduce the fat content from food and beverage products is expected to fuel the market growth. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having obesity, diabetes, etc., As per World Atlas, in 2019, 38 million children below the age of five were either obese or overweight. Moreover, obesity is responsible for close to 5 million deaths annually, or 8% of the global deaths in 2017, representing a 3.5% increase from 4.5% in 1990.

Archer Daniels Midland Company, Associated British Foods Plc., Ingredion Incorporated, Kerry Group PLC., Koninklijke DSM, Nestle S.A., Tate & Lyle PLC, CP Kelco U.S., Inc., Ashland Global Holdings Inc., Corbion NV., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, Carbohydrate based category to witness higher CAGR during the forecast period"

On the basis of type, the market is categorized into Carbohydrate based, Protein-based, Fat based. Among these, the carbohydrate-based segment grabbed the major market share and dominated the market in 2020. Carbohydrate-based fat replacers help retain texture, moisture, and viscosity, and provide mouthfeel and continue to lead the market because of their status as US FDA-recognized GRAS substances. Cellulose (Avicel® cellulose gel, MethocelTM, Solka-Floc®) can replace some or all of the fat in dairy products, sauces, frozen desserts, and salad dressings.

"Amongst source, plant segment to hold a significant share in the market in 2020"

Based on source, the market is segmented into plants and animals. The plant segment grabbed the major market share and dominated the market in 2020. The growing inclination towards plant-based food among consumers is contributing to the growth of this segment. According to the Plant Based Foods Association, 29% of consumers categorize themselves as flexitarian, meaning they eat a wide variety of foods, but are actively trying to eat fewer animal products.

"Amongst application, bakery and confectionery segment to hold a significant share in the market in 2020"

Based on the application, the market is categorized into Bakery and Confectionary, Processed Meat Products, Dairy and Frozen Desserts, and Others. Among these, the bakery and confectionery segment grabbed the major market share and dominated the market in 2020. Dairy products, which include cheese, butter, and creams, can be consumed in a variety of flavours, aromas, and textures. As a result, the company concentrates on producing high-quality milk products using clear-cut vegetable fat. Low-fat dairy beverages are becoming more and more well-known all over the world as a result of the introduction of new flavors and the rise in consumer health consciousness.

"Europe to hold a significant share in the market"

Europe is anticipated to grow at a substantial CAGR during the forecast period. The rising demand for a low-calorie and low-fat diet among Europeans is identified as one of the primary growth factors for the fat replacer market. This has led to a burgeoning demand for fat replacement additives, especially from the food companies who seek to provide healthier/low-fat food alternatives to European consumers. Moreover, the rising awareness regarding health issues among consumers is making them change their dietary habits and eat less amount of fat. Therefore, owing to these reasons, fat replacers have a huge market opportunity in the European region.

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• Deep dive regional level analysis of the industry.

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