Fat Powders: Market outlook

Fat powders are a convenient and economical solution for traditional butter, vegetable oils, creams, and others. Fat powders are widely used in the food industry for a wide band of applications ranging from bakery products to beverages to sauces and condiments. Fat powders are functional ingredients which are used to enhance the taste, texture, and sensorial appeal of the food products. Besides, adding flavor and texture to the end product, fat powders are used to extend the shelf life of the products. Fat powders are convenient to store, handle, and process and are potent to add creaminess and whitening effect to the food products. The growing advancement in the food and beverage industry is providing strong market prospects to fat powders. Market players are focusing on the introduction of new application-specific product offerings to better address specific requirements from the end use industry. Moreover, market players have been channelizing efforts to strengthen their distribution channels while focusing on direct sales of fat powders. Manufacturers are also focusing on developing fat powder with additional protein and vegetable fat content with more cost-effective solution.

Growing Demand for Dairy Ingredients and Increasing End Uses in Food Industry is Paving the Path for Fat Powders

An increase in food and beverage manufacturing, along with the development of cold chain capacities in order to ensure the efficient quality of food is expected to boost demand for ingredients used in the production of final food and beverage products. Over the past few years, there has been a substantial change in consumer eating habits. Increasing disposable income and improvements in the standard of living has resulted in an increase in restaurant chains, confectioneries, bakeries, and others which is, in turn, providing significant upsurge in demand for fat powders which are used to improve fat distribution in different food mixes, enhance texture and mouthfeel of food products, and add creaminess, opacity and adhesive properties to the products. Besides, increasing trend for bakery, bread and confectionary products in daily diets and rising consumption of processed food is creating strong demand for fat powder market over the forecast period.

Global Fat Powders: Market Segmentation

On the basis of source, the global Fat Powders market has been segmented as-

  • Soybean oil
  • Canola oil
  • Coconut oil
  • Palm oil
  • Sunflower oil

On the basis of product type, the global Fat Powders market has been segmented as-

  • High-Fat
  • Low-Fat

On the basis of end use, the global fat powders market has been segmented as-

  • Industrial
    • Bakery & Confectionery
    • Infant formula
    • Dairy Products
    • Beverages
    • Nutrition Bars
    • Frozen desserts
    • Cheese Processing
    • Soups & sauces
    • Dressings & condiments
  • Food Service Provider
  • Retail

On the basis of sales channel, the global fat powders market has been segmented as-

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Independent Groceries
    • Specialty Stores
    • Online Retailing
    • Others

On the basis of packaging format, the global fat powders market has been segmented as-

  • Pouches & sachets
  • Carton packs
  • Tins
  • Bulk packaging

On the basis of region, the global fat powders market has been segmented as-

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • Japan
  • Middle East & Africa

Global Fat Powders: Key Players

Some of the major players of Fat Powders market include: Koninklijke FrieslandCampina NV, Imeko Dairy Products B.V., Solarec, Frontera Group, Inc., Vitusa Global, FIT, Vreugdenhil Dairy Foods, Dairygold Co-Operative Society Limited,  Polindus, Glenstal Foods Ltd., and Hoogwegt International B.V.

Key Takeaways: Fat Powders

  • In 2018, Lactalis Ingredients, launched Lactimilk, a new Fat-filled dairy powder (fat powder) with 28% fat and 24% protein to match with the whole milk powder composition. The products is made from skimmed milk and vegetable fat and is fortified with vitamin A and vitamin D.

Opportunities for Participants of Fat Powders Market:

The market for fat powders is anticipated to witness a lucrative demand in both developed and developing economies. Fat powders make up a large share of the EU dairy exports. Within Europe, the major fat powder markets are Netherlands, U.K., Ireland, and Denmark. North America and the Asia Pacific are also expected to offer a substantial market opportunity to fat powders owing to growing food and beverages market and dairy products. Besides, increasing cultures of hotels and cafes in the regions is further boosting the demand for fat powders over the forecast period.

The manufacturers of fat powders are focusing on product launches, enhancing their production capacity, and investing in research and development activities aiming to deliver the improved product to the end use industries and consumers. Prominent players of fat powders are focusing on reshaping the packaging formats for fat, to meet consumer needs and convenience.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Fat Powders Market

Pre Book