Fat Replacers Market worth 2.01 Billion USD by 2022
"Fat Replacers Market by Type (Carbohydrate-based, Protein-based, Lipid-based), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Convenience Food & beverages, Sauces, Dressings, and Spreads), Form, Source, and Region - Global Forecast to 2022", The fat replacers market is estimated to be USD 1.48 Billion in 2017, and projected to reach USD 2.01 Billion by 2022, at a CAGR of 6.2% from 2017. The market is driven by factors such as increase in awareness about health & wellness and the rise in prevalence of obesity.
Protein-based fat replacers segment, by type, is projected to be the fastest-growing in the fat replacers market, during the forecast period
The protein-based segment is projected to be the fastest-growing. Demand for food products with high protein content but low-fat content is expected to contribute to the growth of the protein-based fat replacers market. They are expected to contribute significantly to the growth of the fat replacers market. Moreover, in weight management, protein intake is highly recommended which has led to further demand for protein-based fat replacers.
The bakery & confectionery products segment, by application, accounted for the largest share in the fat replacers market in 2016
The bakery & confectionery products segment accounted for the largest share in the fat replacers market. Consumers in developed regions such as North America and Europe have become increasingly conscious about leading a healthy lifestyle. In light of this trend, the reduction of fat content in bakery & confectionery products becomes imperative. Products such as cakes and pastries require fat replacers for consumers who demand low-fat and low-calorie options. This trend in developed regions has led to considerable market opportunities for bakery & confectionery products segment during the forecast period.
The liquid segment, by form, is projected to be the fastest-growing in the fat replacers market during the forecast period
The liquid segment is projected to be the fastest-growing in the fat replacers market. The rise in demand for convenience foods is likely to drive the market for liquid fat replacers as they are used to replace fatty oils, thereby contributing significantly to the fat replacers market. They also provide a glossy texture and help prevent stickiness on confectionery products.
Significant growth for fat replacers to be observed in the Asia Pacific region
Asia Pacific is projected to be the fastest-growing region due to its growing economy. Various factors such as rapid urbanization, changes in lifestyle, and increase in demand for convenience products drive the growth of the food & beverages sector. China has witnessed high growth in the fat replacers market. Concerns about the adverse effects of fats and calories and growth in consumer awareness regarding the maintenance of a healthy diet are the key factors that have driven the demand for fat replacers in the country. The high consumption of convenience foods in countries such as India, China, and Malaysia is expected to drive the demand for fat replacers in the region.
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