NEW YORK, Jan. 3, 2022
Carbohydrate Based Fat Replacers to Account for Over 50% of Total Fat Replacer Sales
A recent study by Fact.MR offers unbiased analysis of various aspects of the global fat replacer market. It studies in detail about growth drivers, restraints, opportunities and emerging trends that are shaping the market dynamics. To present the information in a coherent manner, the report has been segmented on the basis of form, source, ingredients and application
NEW YORK, Jan. 3, 2022 /PRNewswire/ -- As per latest Fact.MR analysis, the global fat replacer market is set to top US$ 2 Bn by the end of 2021. Rapid adoption of fat replacers in food and beverage industry is the major factor propelling the sales at a healthy CAGR of 6%, surpassing US$ 3.5 Bn by 2031.
Rising demand for low-fat diets, growing health awareness among people, expanding food & beverage industry and increasing prevalence of diabetes are some of the factors driving the fat replacer market.
Fat replacers are substances used to mimic and replace fats in the food without compromising the taste and texture of food. They are being extensively utilized for the manufacturing of low-fat foods, beverages and dairy products.
Further, growing concerns regarding the surge in heart related diseases is a major factor propelling the growth of fat replacers market. According to the World Health Organization (WHO), the global cases of obesity has nearly tripled since 1975. An estimated 1.9 billion adults aged 18 years and older were overweight in 2016. Out of this number around 650 million people were obese.
Subsequently, it has been found that obesity and overweight can give rise to multiple chronic diseases such as osteoarthritis, and kidney failure. As a result, people are increasing the consumption of low-fat foods. This, in turn, is triggering the growth in fat replacer market.
Moreover, various international and national organizations are launching initiatives to cut down the consumption of fats and promote the use of fat alternatives. For instance, in 2018, the WHO launched the REPLACE initiative to eliminate industrially produced trans fats.
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Similarly in November 2018, the Food Safety and Standards Authority of India (FSSAI) launched a new mass media campaign (Heart Attack Rewind) calling for the elimination of industrially produced trans-fat in the food supply.
As per Fact.MR, carbohydrates-based fat replacers will remain the most consumed products accounting for over 50% of the market share by 2031. Carbohydrate based fat replacers have the ability to retain moisture and create the same texture as that of fats. They are being increasingly utilized in confectionery industry.
Regionally, North America will continue to dominate the global fat replacer market, accounting for a major share of 45% over the forecast period. Growth in the region is attributed to the increasing prevalence of heart related diseases, growing health consciousness, expanding food and beverages industry and presence of leading market players.
"Increasing incidence of chronic diseases such as atherosclerosis, obesity and diabetes is prompting consumers to opt for low-fat diets. This is anticipated to drive the fat replacers market during the forecast period," says a Fact.MR analyst.
Key Takeaways from Fat Replacer Market Survey
To learn more about Fat Replacer Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=1514
Leading players operating in the fat replacer market have are aiming at expanding their global footprint through advanced product launches. Besides this they have adopted various growth strategies such as mergers, collaborations, partnerships and acquisitions to increase their sales.
Some of the prominent players operating in the fat replacer market profiled by Fact.MR are:
More Insights on the Global Fat replacer Sales Outlook
Fact.MR provides an unbiased analysis of fat replacer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for fat replacer with a detailed segmentation on the basis of:
Key Questions Covered in the Fat Replacer Market Outlook Report
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