New York, NY -- (SBWIRE) -- 11/05/2020 -- The global specialty fats market size was estimated to be USD 2.50 billion in 2019 and is expected to surpass USD 5.05 billion by the year 2027, registering a CAGR of 9.1%. The global specialty oils market size was estimated to be USD 16.26 billion in 2019 and is expected to surpass USD 26.13 Billion by the year 2027, registering a CAGR of 6.1%.

The report is further furnished with the latest market scenario pertaining to the global COVID-19 crisis. The pandemic has changed the market dynamics with disruption in the supply chain, changes in demands and trends, and economic scenario. The report analyses the initial and future impact of the COVID-19 pandemic on the growth of the market and offers insights into prospects and remuneration outlook in a post-COVID-19 scenario.

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The Global Specialty Fats and Oils Market is anticipated to dominate the economic landscape of the world, recording a substantial growth rate over the coming years. This growth can be attributed to the rapidly evolving industry infrastructure, commercialization, and changes in the demands of the Specialty Fats and Oils market. The growth has established a strong foothold of the products and services offered by the Specialty Fats and Oils market.

Prominent players analyzed in the report are Cargill, Wilmar International Ltd., Musin Mas Holdings, Bunge, AAK AB, IOI Group, D&L Industries, Manildra, The Nisshin Oillio Group, Mewah International, Fuji Oil, and IFFCO.

The report covers the profiles of the key contenders and offers an all-inclusive analysis of their business overview, market share, market size, production and manufacturing capacity, value chain analysis, and strategic initiatives such as mergers and acquisitions, collaborations, joint ventures, partnerships, and brand promotions and product launches among others. It also covers their sales channel and distribution network, along with import/export activities, market presence, product portfolio, and other key factors to offer a comprehensive overview of the competitive landscape.

Moreover, the report covers a thorough regional analysis to offer a better understanding of production and consumption patterns, supply and demand ratio, revenue contribution, market share and size, presence of prominent players, and import/export ratio.

For the purpose of this study, Reports and Data have segmented the Specialty Fats and Oils market on the basis of form, source, application, production process, and region:

Form Outlook (Revenue, USD Million; 2017–2027)

Dry
Liquid

Functionality Outlook (Revenue, USD Million; 2017–2027)

Molding
Filling
Coating
Stabilizing
Texturing
Health
Other Functions

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Application Outlook (Revenue, USD Million; 2017–2027)

Chocolates & Confectioneries
Bakery Products
Processed Foods
Dairy Products
Other Applications

End-Use Outlook (Revenue, USD Million; 2017–2027)

Industrial
Food and Beverages
Personal Care and Cosmetic
Others
Household Purposes

The key geographical regions analyzed in the report are:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA

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Market-O-Nomics

As of 2018, palm oil was the leading product segment of the global Specialty Oils market and held a share of 32.6%.

The cocoa butter substitutes segment held the largest share in the specialty fats market in 2018 and is expected to grow at a CAGR of 9.4% during the forecast period.

Creaming fats are expected to register a CAGR of 8.7% during the forecast period.

By application, the chocolates and confectionery segment held the largest share of 35.7% during the year 2018.

The processed foods segment is expected to register a CAGR of 8.6% during the forecast period.
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