The Latin America, Middle East and Africa Powdered Fats Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).
Dietary supplements supply the body with essential fatty acids and other nutrients from vegetable fats, such as coconut, olive, or palm oil. This dietary supplement supplies necessary fatty acids and elevates food's taste and consistency. It is frequently utilized as a spread in baking and frying. Vegetable fat consumption offers multiple health benefits. Essential fatty acids, crucial to maintaining healthy skin, hair, and nails, are abundant in vegetable fat. Also, it can lessen inflammation, improve heart health, and lower the chance of developing several cancers. Vegetable fat is also a fantastic energy source and may prolong the sense of fullness.
From the viewpoint of product functionality, multiple food categories use these fats differently. A moderate proportion (25–40%) of solid fat needs to be present while preparing dough for bakery goods (such as pastries and biscuits) to provide a light texture without excessive oil exudation in the finished product. Ethically and functionalistically, chocolate can be made from cocoa butter. Any fats exchanged for cocoa butter also need to abide by regulations and melt and crystallize identically to cocoa butter. Ice cream is usually made using fat that melts below room temperature and is at least 50% solid at 0°C. Thus, the primary reasons behind the growth of this market are the growing adoption of plant-based substitutes, convenience food items, and the beneficial properties of these fats.
The market in South Africa has experienced significant growth in recent years as a result of various factors, such as evolving dietary patterns and consumer preferences. As a result of their hectic schedules, individuals prefer portable beverage alternatives that provide immediate advantages, including hydration, energy, or nourishment. Moreover, the growing middle class in South Africa has led to shifting dietary preferences, with an increased inclination towards convenience foods. These fats have become integral in the production of processed and convenience foods, offering stability, improved texture, and extended shelf life. Thus, as this region continues to experience economic growth and heightened health awareness, the market is poised for further expansion.
The Brazil market dominated the LAMEA Powdered Fats Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.6 million by 2030. The Argentina market is showcasing a CAGR of 6.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6% during (2023 - 2030).
Based on Processing Technology, the market is segmented into Spray Drying, Drum Drying, Freeze Drying, and Others. Based on Source, the market is segmented into Palm & Palm Kernel, Milk, Sunflower, Coconut, Canola, Corn, and Others. Based on Application, the market is segmented into Bakery & Confectionery, Baby Food & Infant Formula, Beverages, Sauces, Dressings, & Condiments, Frozen Desserts, Dairy & Non-dairy Products, Supplements & Nutritional Products, and Others.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Powdered Fats Market is Projected to reach USD 3 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group plc, Royal FrieslandCampina N.V., Aarkay Food Products Ltd., Insta Foods, Vreugdenhil BV, Zeon Lifesciences Ltd., LUS Health Ingredients BV and Glenstal Foods Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Processing Technology
- Spray Drying
- Drum Drying
- Freeze Drying
- Others
By Source
- Palm & Palm Kernel
- Milk
- Sunflower
- Coconut
- Canola
- Corn
- Others
By Application
- Bakery & Confectionery
- Baby Food & Infant Formula
- Beverages
- Sauces, Dressings, & Condiments
- Frozen Desserts
- Dairy & Non-dairy Products
- Supplements & Nutritional Products
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group plc
- Royal FrieslandCampina N.V.
- Aarkay Food Products Ltd.
- Insta Foods
- Vreugdenhil BV
- Zeon Lifesciences Ltd.
- LUS Health Ingredients BV
- Glenstal Foods Ltd.
TABLE 1 LAMEA Powdered Fats Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Powdered Fats Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 4 LAMEA Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 5 LAMEA Spray Drying Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Spray Drying Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Drum Drying Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Drum Drying Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Freeze Drying Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Freeze Drying Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 14 LAMEA Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 15 LAMEA Palm & Palm Kernel Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Palm & Palm Kernel Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Milk Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Milk Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Sunflower Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Sunflower Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Coconut Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Coconut Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Canola Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Canola Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Corn Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Corn Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 30 LAMEA Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 31 LAMEA Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Bakery & Confectionery Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Baby Food & Infant Formula Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Baby Food & Infant Formula Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Beverages Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Beverages Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Sauces, Dressings, & Condiments Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Sauces, Dressings, & Condiments Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Frozen Desserts Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Frozen Desserts Market by Country, 2023 - 2030, USD Million
TABLE 41 LAMEA Dairy & Non-dairy Products Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Dairy & Non-dairy Products Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Supplements & Nutritional Products Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA Supplements & Nutritional Products Market by Country, 2023 - 2030, USD Million
TABLE 45 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Powdered Fats Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Powdered Fats Market by Country, 2023 - 2030, USD Million
TABLE 49 Brazil Powdered Fats Market, 2019 - 2022, USD Million
TABLE 50 Brazil Powdered Fats Market, 2023 - 2030, USD Million
TABLE 51 Brazil Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 52 Brazil Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 53 Brazil Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 54 Brazil Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 55 Brazil Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 56 Brazil Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 57 Argentina Powdered Fats Market, 2019 - 2022, USD Million
TABLE 58 Argentina Powdered Fats Market, 2023 - 2030, USD Million
TABLE 59 Argentina Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 60 Argentina Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 61 Argentina Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 62 Argentina Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 63 Argentina Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 64 Argentina Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 65 UAE Powdered Fats Market, 2019 - 2022, USD Million
TABLE 66 UAE Powdered Fats Market, 2023 - 2030, USD Million
TABLE 67 UAE Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 68 UAE Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 69 UAE Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 70 UAE Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 71 UAE Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 72 UAE Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 73 Saudi Arabia Powdered Fats Market, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Powdered Fats Market, 2023 - 2030, USD Million
TABLE 75 Saudi Arabia Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 76 Saudi Arabia Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 77 Saudi Arabia Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 78 Saudi Arabia Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 79 Saudi Arabia Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 81 South Africa Powdered Fats Market, 2019 - 2022, USD Million
TABLE 82 South Africa Powdered Fats Market, 2023 - 2030, USD Million
TABLE 83 South Africa Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 84 South Africa Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 85 South Africa Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 86 South Africa Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 87 South Africa Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 88 South Africa Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 89 Nigeria Powdered Fats Market, 2019 - 2022, USD Million
TABLE 90 Nigeria Powdered Fats Market, 2023 - 2030, USD Million
TABLE 91 Nigeria Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 92 Nigeria Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 93 Nigeria Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 94 Nigeria Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 95 Nigeria Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 96 Nigeria Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 97 Rest of LAMEA Powdered Fats Market, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Powdered Fats Market, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 103 Rest of LAMEA Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 105 Key Information – Insta Foods
TABLE 106 Key Information – Vreugdenhil BV
TABLE 107 Key Information – Zeon Lifesciences Ltd.
TABLE 108 Key Information – LUS Health Ingredients BV
TABLE 109 Key Information – Glenstal Foods Ltd.
TABLE 110 Key Information – Aarkay Food Products Ltd.
TABLE 111 Key Information – Kerry Group PLC
TABLE 112 Key Information – Royal FrieslandCampina N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Powdered Fats Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Powdered Fats Market
FIG 4 Porter’s Five Forces Analysis – Powdered Fats Market
FIG 5 LAMEA Powdered Fats Market Share by Processing Technology, 2022
FIG 6 LAMEA Powdered Fats Market Share by Processing Technology, 2030
FIG 7 LAMEA Powdered Fats Market by Processing Technology, 2019 - 2030, USD Million
FIG 8 LAMEA Powdered Fats Market Share by Source, 2022
FIG 9 LAMEA Powdered Fats Market Share by Source, 2030
FIG 10 LAMEA Powdered Fats Market by Source, 2019 - 2030, USD Million
FIG 11 LAMEA Powdered Fats Market Share by Application, 2022
FIG 12 LAMEA Powdered Fats Market Share by Application, 2030
FIG 13 LAMEA Powdered Fats Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Powdered Fats Market Share by Country, 2022
FIG 15 LAMEA Powdered Fats Market Share by Country, 2030
FIG 16 LAMEA Powdered Fats Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Insta Foods
FIG 18 SWOT Analysis: Vreugdenhil BV
FIG 19 SWOT Analysis: Zeon Lifesciences Ltd.
FIG 20 SWOT Analysis: LUS Health Ingredients BV
FIG 21 SWOT Analysis: Glenstal Foods Ltd.
FIG 22 Recent strategies and developments: Kerry Group PLC
FIG 23 SWOT Analysis: KERRY GROUP PLC
FIG 24 SWOT Analysis: Royal FrieslandCampina N.V.