Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 5.2 % |
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Market Overview
The Africa Fat Replacers Market is expected to register a CAGR of 5.2% during the forecast period (2020–2025).
- Frequent changes in dietary advice have created consumer skepticism about the “expert opinions” of dietitians and nutrition researchers. Thus, consumers have begun taking care of their health and have reduced fat intake. This trend is aiding the growth of the fat replacers market.
- Fat replacements provide an opportunity for individuals to reduce the intake of high-fat foods and enjoy reduced-fat formulations of familiar foods while preserving basic food selection patterns. The opportunity is driving the market’s growth.
Scope of the report
The Africa Fat Replacers Market is segmented by source that includes plant and animal. Based on type, the market is divided into carbohydrate-based, protein-based, and lipid-based. The market is also bifurcated on the basis of application which includes bakery and confectionery, beverages, processed meat, dairy products, and others. The study also involves the analysis of regions such as South Africa, Nigeria, Kenya, and the rest of Africa.
| By Source | |
| Plant | |
| Animal |
| By Type | |
| Carbohydrate-Based | |
| Protein-Based | |
| Lipid-Based |
| By Application | |
| Bakery and Confectionery | |
| Beverages | |
| Processed Meat | |
| Dairy Products | |
| Others |
| Geography | ||||||
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Key Market Trends
Protein-Based Fat Replacers are the Fastest Growing Segment
Protein-based fat replacers have tremendous potential and are used in a variety of products, especially frozen and refrigerated ones. Protein-based fat replacers are not suitable to be used for frying foods, but they can be used in many heat applications. These proteins are heated and whirled in blenders to produce very tiny particles in a process called micro-particulation. Microparticulated Protein (Simplesse®) are reduced-calorie ingredients made from whey protein or milk and egg protein digested as a protein. The application includes dairy products (e.g., ice butter, cream, sour cream, cheese, yogurt), margarine, salad dressing, and mayonnaise, as well as baked goods, soups, coffee creamer, and sauces. Modified Whey Protein Concentrate (Dairy-Lo®) are controlled thermal denaturation and result in a functional protein with fat-like properties. It can be utilized in dairy products (cheese, yogurt, sour cream, and ice cream), frostings, baked goods, as well as salad dressing and mayonnaise.
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Rising Utilization in Processed Meat Segment
In most of developed countries meat is a prominent part of the diet. But, health-conscious consumers are avoiding processed meat, due to the high cholesterol levels. Manufacturers of processed meat understand this consumer preference and have introduced processed meat products with fat replacers, to cater to the health-conscious consumers’ needs. Carbohydrate-based fat replacers have the creaminess of natural fat. They also absorb water, add volume, thicken, and stabilize foods. Due to these properties, it is mainly used in processed meat. The increasing disposable income among consumers in developing countries, is ,a prominent driver for the growth of processed meat, with fat replacers.
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Competitive Landscape
The Africa Fat Replacers Market is consolidated owing to the presence of major players holding the maximum market share. The most active companies are focusing on partnerships, expansion, mergers and acquisitions and product launches to cater to the demands of consumers. The key players in the market are Ingredion Incorporated, Tate & Lyle, Corbion and Lesaffre.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Source
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5.1.1 Plant
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5.1.2 Animal
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5.2 By Type
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5.2.1 Carbohydrate-Based
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5.2.2 Protein-Based
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5.2.3 Lipid-Based
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5.3 By Application
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5.3.1 Bakery and Confectionery
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5.3.2 Beverages
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5.3.3 Processed Meat
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5.3.4 Dairy Products
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5.3.5 Others
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5.4 Geography
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5.4.1 Africa
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5.4.1.1 South Africa
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5.4.1.2 Nigeria
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5.4.1.3 Kenya
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5.4.1.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Ingredion, Incorporated
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6.4.2 Corbion N.V.
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6.4.3 Tate & Lyle PLC
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6.4.4 Lesaffre
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6.4.5 IOI Corporation Berhad
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6.4.6 Ulrick & Short Limited
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Africa Fat Replacers Market market is studied from 2016 - 2026.
What is the growth rate of Africa Fat Replacers Market?
The Africa Fat Replacers Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Africa Fat Replacers Market?
Ingredion, Incorporated, Corbion N.V., Tate & Lyle PLC, Lesaffre , Ulrick & Short Limited are the major companies operating in Africa Fat Replacers Market.
