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

The Asia-Pacific Fat Replacers market is segmented by Source (Plant and Animal); by Type (Carbohydrate-Based, Protein-Based, Lipid-Based); by Application ( Processed Meat, Bakery & Confectionery, Dairy & Frozen Desserts, Ready to Eat Products, and Others); and by Geography.

Market Snapshot

Asia-Pacific Fat Re-placers Market
Study Period: 2020-2025
Base Year: 2019
CAGR: 7.11 %

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Market Overview

The Asia-Pacific fat replacers market is projected to grow with a CAGR of 7.11%during the forecast period (2020 - 2025).

  • The growing demand for low-calorie products and low-fat diet is anticipated to boost the market’s growth over the forecast period in Asia-Pacific (APAC). ​By choosing these alternative food options, health-conscious consumers in countries like China, Japan, Australia and others can maintain their basic food selection pattern and easily adhere to a low-fat diet.
  • The Evolving landscape of the food sector in the region is anticipated to propel the demand for more refined food ingredeints including fat replacers. Companies engaged in the food manufacturing are continuously investing in research and development activities to develop products with minimal calories/fats and enhanced taste which in turn will augument the growth of the market studied.
  • The growing demand for dairy products, coupled with healthy dietary habits is slated to fuel developments in the region. For instance, according to the Food and Agriculture Organization (FAO) of the United Nations, the consumption of milk and milk products such as frozen deserts in Southeast Asia is expected to increase by 125% by 2030. ​ Thus, increasing consumption of milk and milk products coupled with increasing demand for low calorie and low fat products will drive the fat replacers application in dairy sector of the region.
  • The carbohydrate-based ingredients such as guar gums, xanthan gum, modified starches, oat fiber, and polydextrose find maximum application in frozen desserts & meat and baked goods.

Scope of the report

A fat replacer is a substance that can be found in foods such as baked goods, cheeses, sour cream, yogurt, margarine, salad dressing, sauces and gravies and has no health risks and tastes and looks like natural fat but has fewer calories. It is segmented by source, which includes plant and animal source; by type into carbohydrate-based, protein-based, and lipid-based fat replacers. Major application segments include bakery & confectionery, dairy & frozen desserts, ready to eat products, and others. The rising demand for low-calorie and low-fat diet is identified as one of the primary growth factors for fat replacer market.

By Source
Plant
Animal
By Type
Carbohydrate-based
Protein-based
Lipid-based
By Application
Processed Meat
Bakery and Confectionery
Dairy & Frozen Desserts
Ready to Eat Products
Others
By Country
China
Japan
India
Australia
Rest of Asia-Pacific

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Key Market Trends

Increasing Prevalence of Obesity, High Blood Cholesterol Levels, and Coronary Heart Diseases

The increasing prevelance of obesity, high cholesterol and overweight in Asian countries like Australia, India and others have signifcantally raised the demand for low fat food products such as low fat milk, low fat yogurt and others. For instance, more than two million Australian man were obese and 2.5 million Australian women were obese, aged 18 and above in 2016. This accelerated the trend for healthy food product among consumers which includes low fat and low calorie food products and has witnessed an upward trend in recent time in the region. Multiple food product manufacturers are opting to replace milk fat with milk fat replacers to provide the consumer with the low-fat and low-calorie products, in turn driving the market studied.

Asia Pacific Fat Replacers Market1

Japan Holds a Significant Share in the Market

The increasing demand for low-fat chocolates, jams, jellies, pastries, biscuits, and cakes in Japan is anticipated to increase the demand for fat replacers.​ Fat replacers have opened the door for a new generation of reduced-fat foods in Japan. The replacers have the taste and texture of high-fat foods, but without unnecessary calories, cholesterol or fat.​ The impact of rising competition in Japan is evident from the keen levels of product development and mounting promotional expenditure. Fat replacer manufacturers are resorting to investments in improved process technologies and new product developments in fat replacers to withstand the competition.​

Asia Pacific Fat Replacers Market2

Competitive Landscape

The Asia Pacific fat replacers market is fragmented and includes regional and global competitors. The market is dominated by players, like Cargill Inc., Ingredion, Kerry group and CP Kelco U.S., Inc.. There are various small and medium local players, holding a significant share in the market. These companies usually follow expansion and new product launches as their major strategy to increase their product line and market share. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Plant

      2. 5.1.2 Animal

    2. 5.2 By Type

      1. 5.2.1 Carbohydrate-based

      2. 5.2.2 Protein-based

      3. 5.2.3 Lipid-based

    3. 5.3 By Application

      1. 5.3.1 Processed Meat

      2. 5.3.2 Bakery and Confectionery

      3. 5.3.3 Dairy & Frozen Desserts

      4. 5.3.4 Ready to Eat Products

      5. 5.3.5 Others

    4. 5.4 By Country

      1. 5.4.1 China

      2. 5.4.2 Japan

      3. 5.4.3 India

      4. 5.4.4 Australia

      5. 5.4.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Tate & Lyle PLC

      3. 6.4.3 Ingredion Incorporated

      4. 6.4.4 Kerry Group plc

      5. 6.4.5 CP Kelco U.S., Inc.

      6. 6.4.6 Archer Daniels Midland Company

      7. 6.4.7 IMCD India Private Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Fat Replacers Market market is studied from 2020 - 2025.

The Asia-Pacific Fat Replacers Market is growing at a CAGR of 7.11% over the next 5 years.

Cargill Inc., Tate & Lyle PLC, Ingredion Incorporated, Kerry Group plc, CP Kelco U.S., Inc. are the major companies operating in Asia-Pacific Fat Replacers Market.

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