Consumers and food manufacturers are excited about the prospect of improving oil and fat substitutes. At the same time, food safety regulators, nutritionists and others are concerned with the nutritional and safety effects of substitutes, as well as the potential impact of the diet, the demand for traditional fats and oils and ingredient manufacturers. The strong demand for low-fat foods will significantly influence manufacturers’ decisions to develop, and market foods with oil and fat substitutes. Demand tends to increase again as more healthcare professionals announce the benefits of a low-fat diet. The growing market for oil and fat substitutes will increase the demand for the ingredients used in its production and increase the demand for traditional oils and fats. Consumers tend to support research and development as they want to follow health guidelines without changing their eating habits.
Tate & Lyle PLC (Tate & Lyle), the world’s leading supplier of food and beverage ingredients and solutions, it recently organized the first European meeting of texture expertise. Technical representatives from food manufacturers in Europe attended workshops on texture innovations led by leading Tate & Lyle science and texture experts at the Lübeck, Germany, which is company’s application center.
The global oil and fat substitutes market is broadly bifurcated into type, application, and region. On the basis of type, the global market is segmented into lipid-based, carbohydrate-based, and protein-based. Based on application, the global market into bakery & confectionery products, dressings and spreads, dairy & frozen desserts, sauces, convenience foods & beverages, and others.
Region wise, the global oil and fat substitutes market is dominated by Asia Pacific region and is poised to sustain its position in coming period. The demand growth of the regional market is attributed to growing awareness for health and wellbeing and rising disposable income. Other markets such as, North America and Latin America are anticipated to grow considerable in the coming period. Huge investments by manufacturers and increased R&D activities are some of the factors responsible for the growth of the global oil and fat substitutes market.
The global oil and fat substitutes market is majorly dominated by some of the leading players across the globe. The key players include Cargill, Kerry Group, ADM, Dupont, FMC Corporation, Ingredion, Koninklijke DSM, CP Kelco, Ashland Inc., Fiberstar Inc., Tate & Lyle, and Corbion among others. Manufacturers are aggressively operating to expand their product portfolios to make remarkable impact on leading oil and fat substitutes market.