Fat Replacers Market Size

Fat-Replacers Market Analysis

The fat replacers market was valued at USD 2.6 billion for the current year and is expected to register at a CAGR of 6.2% over the next five years.

• Chemically, fat replacers resemble fats, proteins, or carbohydrates. The rising awareness regarding health issues among consumers is making them change their dietary habits and eat less amount of fat. Owing to these reasons, fat replacers have a huge market opportunity. Fat replacers are a boon for society, as high fat intake can lead to obesity and cause cancer, high blood cholesterol, or coronary heart disease.
• According to Health Survey England (HSE) data from 2021, 25.9% of adults in England are obese. Consumers are becoming more conscious regarding healthy diets and increasing their inclination toward low-fat or fat-free food products, thus providing a lucrative opportunity for the key players to innovate in the product type and ingredients to capture a health-conscious consumer base.
• Growth is anticipated to be fueled by consumer demand for calorie-conscious foods and novel food ingredients during the projection period. Fat substitutes are most commonly used in processed meat, baking, and confectionery products, owing to mimicking the flavor and sensory characteristics of dietary fat. The desire for baked and ready-to-eat food products is to be held responsible for growing preference. Therefore, demand for more refined products is anticipated to increase as the food industry evolves.
• Food producers constantly invest in R&D to create products with the minimum calories. For instance, in September 2022, a United Kingdom brand launched a new plant-based beef alternative with the use of a new fat substitute. The brand uses fat substitute made from olive oil that brings texture and taste to the products. Over the medium term, the demand for fat replacers is expected to increase owing to the increasing demand for low-calorie foods and product innovations.