Thumbnail

Africa Fat Replacers Market - Growth, Trends, and Forecast (2020 - 2025)

Looking to buy the report?

Market Insights

The African fat replacers market is expected to register a market value of USD 102.05 million by 2023. Ulrick & Short is introducing luxury in low-fat foods, with its new clean label, starch fat replacer, Delyte 9, a solution the company claims, enhances indulgence across multiple applications, which is expected to increase the market growth of fat replacers by widening the product range.

Market Dynamics

Fat replacers are a boon, because high fat intake is associated with extended chance of weight problems and some varieties of cancer, excessive blood cholesterol, coronary heart disorder, and many others. Foods formulated with fat replacers are an alternative to commonplace high-fat foods. By choosing products that comprise of fat replacers, health-conscious consumers can maintain basic food selection patterns, and without difficulty adhere to their low-fat, weight-reduction plan. Regulatory support aimed at facilitating foreign direct investments in developing countries is expected to amplify food and beverage production, consequently, increasing demand for fat replacers in Africa.

Market Segmentation

Fat replacers are widely used in food and beverage processing. Major application segments include – bakery & confectioneries, beverages, and convenience foods. Bakery and confectioneries segment occupied the largest share in 2016, and is projected to witness the highest growth during the forecast period. The beverages segment is also anticipated to register above average growth rate over the coming years.

Protein-based fat replacer ingredients will probably experience tremendous potential in dairy and frozen desserts, beverages, and bakery and confectionery products. According to the Food and Agriculture Organization (FAO) of the United Nations, consumption of milk and milk products in South America is expected to witness an exponential growth by 2023.

Regional Analysis

South Africa’s demand for low-calorie food and beverages has matured over the past few years, thereby; it expected to grow at a consistent rate from 2018 to 2023. The trend of consuming nutritionally healthy diet in South Africa is expected drive the African fat replacer market over the coming years.

                                          

Key Developments

  • May 2017 – Tate & Lyle acquired oat beta-glucan manufacturer Biovelop to increase market growth of fat replacers by widening its product range
  • November 2015 – Cargill launched a unique starch enabling a minimum of 50% fat reduction in yoghurt. CreamTex™06329 modified starch is a unique fat replacer that enables a minimum of 50% fat reduction with minimal impact on the taste and mouthfeel of yoghurt

Competitive Landscape

Major Players - AIT Ingredients, Associated British Foods Plc, Bio Springer, Cargill, Chr. Hansen, Royal DSM, Tate & Lyle Oat Ingredients, Ulrick & Shorts, among others.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  •  Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

  •  This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message