Powdered Fats Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Powdered Fats Market is segmented By Source (Palm and Palm Kernel, Coconut, Milk, Sunflower, Others), By Processing (Spray Drying, Drum Drying, Freeze....
Powdered Fats Market Size
Market Size in USD
CAGR4.4%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.4% |
| Market Concentration | Medium |
| Major Players | Kerry Group plc, Royal FrieslandCampina N.V., Zeon Lifesciences Ltd., LUS Health Ingredients BV, Castle Dairy s.a. |
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Powdered Fats Market Analysis
The Global Powdered Fats Market is estimated to be valued at USD 2.8 Bn in 2024 and is expected to reach USD 4.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Powdered fats have wide applications in bakery, confectionery and other food products for improving texture and taste. Rising demand for convenience food items is also driving the market.
The powdered fats market is expected to witness positive growth over the forecast period. Key factors such as increasing demand for plant-based and high-fiber foods, growing consumption of bakery and confectionary products as well as rising health-consciousness among consumers are expected to support the demand for powdered fats. Additionally, innovations with respect to offerings of powdered fats with various functional benefits will provide new opportunities for market expansion.