According to a new report, published by KBV research, The Global Powdered Fats Market size is expected to reach $3 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.
The Spray Drying segment is registering a CAGR of 4.4 % during the forecast period. Spray drying helps in the removal of moisture from fats, leading to a longer shelf life for the resulting powdered fats. This dehydration process inhibits microbial growth and helps prevent rancidity, enhancing the stability and preserving the quality of the fats. Moreover, spray drying is continuous and efficient, making it suitable for large-scale production. It allows for high throughput and can be easily scaled up to meet commercial production demands, ensuring consistent quality and supply of powdered fats.
The Palm & Palm Kernel segment led the Global Powdered Fats Market by Source in 2022; thereby, achieving a market value of $1 billion by 2030. Palm oil-derived powdered fats are favored in applications requiring stable fats, such as the manufacturing of snacks, confectionery, and bakery items, due to their elevated melting point, which effectively mitigates the risk of rancidity. Furthermore, their capacity to be incorporated into animal feed during preparation makes powdered fats from palm indispensable in the animal feed industry.
The Bakery & Confectionery segment is growing at a CAGR of 3.4 % during the forecast period. Powdered fats are easier to handle and incorporate into dry mixes compared to liquid fats. They disperse more uniformly, enabling better fat distribution throughout the batter or dough, resulting in consistent product quality. Powdered fats can provide specific functional benefits, such as improved aeration, emulsification, and stability in baked goods and confectionery. These functional properties contribute to the quality and performance of the final products.
The Asia Pacific region dominated the Global Powdered Fats Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1 billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/powdered-fats-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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By Geography
Companies Profiled
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