The Global Market for Fat Replacers is Projected to Exceed US$2 Billion by 2024

Shifting Consumer Focus to Health & Weight Management Drives Growth in the Global Fat Replacers Market, According to a New Report by Global Industry Analysts, Inc.
                                                                                                
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Fat Replacers market. The global market for Fat Replacers is projected to exceed US$2 billion by 2024, driven by the obesity epidemic sweeping through the developed and developing countries alike; rising consumer emphasis on healthy weight management and the resulting increase in demand for low calorie, low fat functional foods.
                                                                                             
Fat replacers, also known as fat substitutes, are ingredients offering functional properties similar to fat, but with relatively low fat content. While fat, a vital source of energy is crucial for the functioning of the human body, excessive consumption raises the risk of numerous diseases such as obesity, coronary heart disease (CHD), high cholesterol, as well as certain types of cancer. With rising incidence of obesity and associated diseases worldwide emerging as a major health concern, the food & beverage industry is under immense pressure from regulatory authorities to reduce fat and sugar content in processed products. Further, there has been a shift in consumer preference for low-fat, non-fat and fat-free food & beverage products. As a result, manufacturers of processed foods are looking for alternatives to fat in food products as a strategy to sustain profit margins and echo consumer sentiment. The market for fat replacers is also expected to benefit from the propagation of low fat diets by healthcare associations and practitioners. Also, technology developments that enable use of fat replacers without the least impact on food flavor and texture, have aided in its widespread use. 

The multi-billion dollar global food additives market is on a steady growth path, thanks to globalization trend that has led to significant movement of people all across the world. The wide range of tastes and their confluence has led to increased demand for additives across all regional markets. Developing markets are also witnessing increasing preference for fast foods, owing to rising affluence and fast-paced lifestyles. Ready-to-eat foods have gained increased popularity in almost all urban centers across developing countries, creating new opportunity for the additives market. Trends in this sector are directly dependent upon the dynamics of the food and beverage industry. As the war on obesity intensifies, dairy products, deemed the largest source of fat, have witnessed a transformation with the launch of several low-fat, non-fat and reduced-fat products. Another interesting trend in the food habits of people is the rising awareness about health benefits and health exigencies that are associated with various dairy products. Reducing cholesterol content and the vascular susceptibility to fat clogging have transformed into issues of immense public interest. With reducing fat in dietary intake deemed the most ideal measure of weight management, there is increased demand for products such as skimmed milk, low-fat ice-cream, fat-free or low-fat yogurt, and low-fat butter and cheese. Manufacturers have also begun launching low-fat or fat-free ice-creams, sorbets and yogurt in order to capitalize on the rising demand for fat-free dairy products.

As stated by the new market research report on Fat Replacers, the United States commands the largest share of the market, owing to the large concentration of food processors in the region, followed by Europe. Asia-Pacific region is forecast to emerge as the fastest growing market with a CAGR of 8.4% over the analysis period. Changing lifestyles and dietary preferences in emerging markets is leading to higher consumption of processed foods, and subsequently increased consumption of Fat Replacers, and other Food Additives. By product, Carbohydrate-Based Fat Replacers, represent the largest segment for Fat Replacers, while Protein-Based Fat Replacers represent the fastest growing segment. Fat-Based Fat Replacers are forecast to register below average growth over the analysis period owing to the evolution of better alternatives.

Major players in the market include Advanced Food Systems, Inc, Archer Daniels Midland Company, Ashland Global Holdings Inc., CP Kelco, Cargill, Incorporated, DowDuPont Inc., Grain Processing Corporation, Ingredion Incorporated, TIC Gums, Inc., Kerry Group Plc, P&G Chemicals, PGP International Inc, Royal DSM N.V., and Tate & Lyle PLC among others

The research report titled "Fat Replacers: A Global Strategic Business Report" announced by Global Industry Analysts Inc., analyzes a wealth of data including technological trends, growth drivers and major challenges that are shaping the global Fat Replacers market, as well as profiles of leading vendors, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), and Latin America (Brazil, and Rest of Latin America), and Rest of World. Product Segments analyzed in the report include Carbohydrate-Based Fat Replacers, Protein-Based Fat Replacers, and Fat-Based Fat Replacers.

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