Africa Fat Replacers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Fat Replacers Market Analysis
The Africa Fat Replacers Market is expected to register a CAGR of 5.2% during the forecast period (2020-2025).
- Frequent changes in dietary advice have created consumer skepticism about the 'expert opinions' of dietitians and nutrition researchers. Thus, consumers have begun taking care of their health and have reduced fat intake. This trend is aiding the growth of the fat replacers market.
- Fat replacements provide an opportunity for individuals to reduce the intake of high-fat foods and enjoy reduced-fat formulations of familiar foods while preserving basic food selection patterns. The opportunity is driving the market's growth.
Africa Fat Replacers Market Trends
This section covers the major market trends shaping the Africa Fat Replacers Market according to our research experts:
Protein-Based Fat Replacers are the Fastest Growing Segment
Protein-based fat replacers have tremendous potential and are used in a variety of products, especially frozen and refrigerated ones. Protein-based fat replacers are not suitable to be used for frying foods, but they can be used in many heat applications. These proteins are heated and whirled in blenders to produce very tiny particles in a process called micro-particulation. Microparticulated Protein (Simplesse®) are reduced-calorie ingredients made from whey protein or milk and egg protein digested as a protein. The application includes dairy products (e.g., ice butter, cream, sour cream, cheese, yogurt), margarine, salad dressing, and mayonnaise, as well as baked goods, soups, coffee creamer, and sauces. Modified Whey Protein Concentrate (Dairy-Lo®) are controlled thermal denaturation and result in a functional protein with fat-like properties. It can be utilized in dairy products (cheese, yogurt, sour cream, and ice cream), frostings, baked goods, as well as salad dressing and mayonnaise.
Rising Utilization in Processed Meat Segment
In most of developed countries meat is a prominent part of the diet. But, health-conscious consumers are avoiding processed meat, due to the high cholesterol levels. Manufacturers of processed meat understand this consumer preference and have introduced processed meat products with fat replacers, to cater to the health-conscious consumers' needs. Carbohydrate-based fat replacers have the creaminess of natural fat. They also absorb water, add volume, thicken, and stabilize foods. Due to these properties, it is mainly used in processed meat. The increasing disposable income among consumers in developing countries, is ,a prominent driver for the growth of processed meat, with fat replacers.
Africa Fat Replacers Industry Overview
The Africa Fat Replacers Market is consolidated owing to the presence of major players holding the maximum market share. The most active companies are focusing on partnerships, expansion, mergers and acquisitions and product launches to cater to the demands of consumers. The key players in the market are Ingredion Incorporated, Tate & Lyle, Corbion and Lesaffre.
Africa Fat Replacers Market Leaders
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Ingredion, Incorporated
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Corbion N.V.
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Tate & Lyle PLC
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Lesaffre
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Ulrick & Short Limited
*Disclaimer: Major Players sorted in no particular order
Africa Fat Replacers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Source
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5.1.1 Plant
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5.1.2 Animal
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5.2 By Type
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5.2.1 Carbohydrate-Based
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5.2.2 Protein-Based
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5.2.3 Lipid-Based
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5.3 By Application
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5.3.1 Bakery and Confectionery
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5.3.2 Beverages
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5.3.3 Processed Meat
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5.3.4 Dairy Products
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5.3.5 Others
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5.4 Geography
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5.4.1 Africa
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5.4.1.1 South Africa
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5.4.1.2 Nigeria
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5.4.1.3 Kenya
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5.4.1.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Ingredion, Incorporated
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6.4.2 Corbion N.V.
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6.4.3 Tate & Lyle PLC
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6.4.4 Lesaffre
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6.4.5 IOI Corporation Berhad
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6.4.6 Ulrick & Short Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Fat Replacers Industry Segmentation
The Africa Fat Replacers Market is segmented by source that includes plant and animal. Based on type, the market is divided into carbohydrate-based, protein-based, and lipid-based. The market is also bifurcated on the basis of application which includes bakery and confectionery, beverages, processed meat, dairy products, and others. The study also involves the analysis of regions such as South Africa, Nigeria, Kenya, and the rest of Africa.
| By Source | |
| Plant | |
| Animal |
| By Type | |
| Carbohydrate-Based | |
| Protein-Based | |
| Lipid-Based |
| By Application | |
| Bakery and Confectionery | |
| Beverages | |
| Processed Meat | |
| Dairy Products | |
| Others |
| Geography | ||||||
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Africa Fat Replacers Market Research FAQs
What is the current Africa Fat Replacers Market size?
The Africa Fat Replacers Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Africa Fat Replacers Market?
Ingredion, Incorporated, Corbion N.V., Tate & Lyle PLC, Lesaffre and Ulrick & Short Limited are the major companies operating in the Africa Fat Replacers Market.
What years does this Africa Fat Replacers Market cover?
The report covers the Africa Fat Replacers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Fat Replacers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Fat Replacers Industry Report
Statistics for the 2024 Africa Fat Replacers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Fat Replacers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
