The North America Powdered Fats Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).
Powdered fats, often produced from plants or animals, can be pulverized to create fat powders. These powders are used extensively in many industries, including animal feed, cosmetics, pharmaceuticals, food & beverages. The market is anticipated to expand in the near future due to the rising demand for valuable food items. Consumers prefer efficiency without sacrificing the healthy value of their food due to changing lifestyles and demanding schedules. These fats offer an appropriate solution for their ease of use, improved shelf life, and portability. Additionally, they can be utilized in various food applications due to their range of uses.
These fats are produced from coconuts and palm kernels, which consist of the beneficial medium chain triglycerides (MCTs). Compared to long-chain triglycerides (LCTs), which have longer fatty acid chains with more carbons, the body absorbs MCTs more rapidly. In contrast to longer-chain fats, which require the liver to break down, MCTs go from the gut to the liver more quickly because of their shorter chain length. The fats are ultimately broken down in the liver before being retained as body fat or used as fuel. MCTs can be utilized as an instant energy source since they enter the bloodstream quickly and do not degrade.
According to the US Department of Agriculture, the Mexican food and beverage industry contributed $35.1 billion to its 2020 GDP. These fats find extensive use in various Mexican culinary traditions, contributing to the texture, flavour, and consistency of dishes. From traditional Mexican sauces like mole to baked goods like pan dulce, these fats are often utilized to enhance taste and mouthfeel. Thus, the region will present lucrative growth prospects for the market in the coming years.
The US market dominated the North America Powdered Fats Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $613.2 million by 2030. The Canada market is experiencing a CAGR of 6.9% during (2023 - 2030). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Powdered Fats Market is Predict to reach $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.
By Processing Technology
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