The global powdered fats market size is expected to reach USD 3.43 billion by 2032, expected to grow at a CAGR of 4.4% during the forecast period.
The Powdered Fats Market has been gaining significant traction as a versatile and convenient ingredient in a wide range of food, beverage, and industrial applications. Powdered fats are typically derived from animal or vegetable fats that have undergone a drying process to create a powder-like form. This transformation allows for easier storage, handling, and incorporation into various products without compromising the quality of fat content.
Market Growth Drivers
- Rising Demand for Convenience Foods: The global shift toward ready-to-eat meals, snacks, and processed foods has driven the demand for powdered fats. These facts are easy to use in packaged food products due to their long shelf life and ability to be easily incorporated into recipes without the risk of spoilage.
- Increased Use in Bakery and Dairy Products: Powdered fats, such as powdered butter and powdered cream, are increasingly being used in bakery products, confections, and dairy formulations. They help enhance the texture, flavor, and mouthfeel of baked goods and dairy-based products, making them a preferred choice for manufacturers.
- Improved Shelf Life and Stability: Powdered fats have a much longer shelf life compared to liquid fats, making them an attractive option for both manufacturers and consumers. This stability is particularly beneficial for products that are distributed in regions with long shipping times or harsh storage conditions.
Some of the major players operating in the global market include:
- Aarkay Food Products Ltd.
- Castle Dairy s.a.
- Hill Natural Extract
- Insta Foods
- Kerry Group plc
- LUS Health Ingredients BV
- Royal FrieslandCampina N.V.
- Tiba Starch & Glucose Manufacturing Co. S.A.E
- Zeon Lifesciences Ltd.
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Key Trends
- Plant-Based Powdered Fats: With the rise of plant-based diets and veganism, there is an increasing demand for plant-based powdered fats, made from ingredients such as coconut oil, palm oil, and other plant-derived oils. These fats cater to the growing demand for dairy-free, vegan, and non-animal-based alternatives.
- Fortification with Nutrients: There is a growing trend toward fortifying powdered fats with additional nutrients such as vitamins, minerals, and antioxidants. This makes powdered fats a convenient and functional ingredient for the formulation of nutritional supplements and health-focused food products.
- Clean Label Products: Consumers are increasingly looking for clean-label products with natural ingredients. Powdered fats that are free from artificial additives, preservatives, and chemicals are in high demand. This trend aligns with the overall consumer shift toward healthier, more transparent food products.
Recent Developments
- In March 2021, LUS Health Ingredients introduced a novel line of vegan powdered fats named Veganergy. This range encompasses a diverse array of vegan fats sourced from plants, meticulously formulated to replicate the texture and flavor characteristics of conventional animal-based fats.
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The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include type, application, end use and region. The splitting of the market into various groups enables businesses to understand market preferences and trends better. Also, stakeholders can develop products/services that align with the diverse needs of consumers in the industry. Besides, the research study includes a thorough examination of all the major sub-segments in the market.
Powdered Fats, Source Outlook (Revenue – USD Billion, 2019 – 2032)
- Palm & Palm Kernel
- Coconut
- Milk
- Sunflower
- Canola
- Corn
- Others
Powdered Fats, Processing Technology Outlook (Revenue – USD Billion, 2019 – 2032)
- Spray Drying
- Drum Drying
- Freeze Drying
- Others
Powdered Fats, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Dairy & Non-dairy Products
- Bakery & Confectionery
- Frozen Desserts
- Baby Food & Infant Formula
- Supplements & Nutritional Products
- Beverages
- Seasonings & Flavorings
- Sauces, Dressings, & Condiments
- Others
The Powdered Fats Market is poised for significant growth, driven by the increasing demand for convenience, long shelf life, and functional ingredients in food, beverages, and non-food industries. The market is expected to see further innovation, particularly with the rise of plant-based fats and clean-label products.
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