North America Fat Replacers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.93 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Fat Replacers Market Analysis
The North America Fat Replacers Market is projected to grow at a CAGR of 5.93% during the forecast period.
- Consumers are getting increasingly conscious of the health risks associated with a high-calorie diet. The importance of consuming low-calorie diet and consequently avoiding the excess energy intake from getting converted to fat depositions in the body has been a well-understood fact amongst health-conscious consumers, particularly in the developed countries.
- The market for fat replacers is growing at a fast rate, owing to the change in lifestyle
and lack of balanced dietary intake and the growing number of new product launches positively influencing the low cholesterol and skimmed food products industry is expected to boost growing fat replacers market expansion.
North America Fat Replacers Market Trends
This section covers the major market trends shaping the North America Fat Replacers Market according to our research experts:
Increased Application in Bakery and Confectionery
Fat replacers are extensively used in bakery & confectionery products, not only for the health benefits but also for functional benefits. They act as an emulsifier, providing cohesiveness, tenderizing, carrying flavor, replacing shortening, preventing the food from going stale, preventing starch retrogradation, and for conditioning dough. There is a high potential for the use of fat replacers, in bakery & confectionery as consumers are looking for products low in calories and less fat content and fat replacers offer functional benefits in the bakery & confectionery segment such as the provision of texture and gloss, emulsification and prevention of sticky texture. Moreover, these fat replacers also help in carrying the flavor, color, and vitamins in the food.
United States Dominates the Market
The United States continues to have the largest market share for fat replacers followed by Mexico and Canada. Due to the rising prevalence of cardiovascular diseases and obesity, consumers are switching to a low-fat diet. It has been found that over 60% of Americans are cutting back on food products high in saturated fats, which is a major factor for stable growth of fat replacers market in the United States. Fat replacers market continues to grow owing to the demand for enhanced flavors, and processing advantages for manufacturers. Regulatory support and government initiatives to reduce fat content in food and beverages are consequently increasing demand for fat replacers.
North America Fat Replacers Industry Overview
The North America Fat Replacers Market is fragmented owing to the presence of major and local players. 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 Cargill, Ingredion Incorporated, Tate & Lyle, Corbion and C.P. Kelco.
North America Fat Replacers Market Leaders
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Cargill, Inc.
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Ingredion, Incorporated
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Corbion N.V.
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Tate & Lyle PLC
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CP Kelco U.S., Inc.
*Disclaimer: Major Players sorted in no particular order
North America 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 Convenience Food
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5.3.5 Others
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5.4 Geography
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5.4.1 United States
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5.4.2 Canada
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5.4.3 Mexico
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5.4.4 Rest of North America
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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 Cargill Inc.
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6.4.2 CP Kelco U.S., Inc.
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6.4.3 Ingredion, Incorporated
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6.4.4 Kent Corporation
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6.4.5 Avebe
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6.4.6 Corbion N.V.
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6.4.7 Tate & Lyle PLC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Fat Replacers Industry Segmentation
The North America 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, convenience food, and others. The study also involves the analysis of regions such as the United States, Canada, Mexico and rest of North America.
| By Source | |
| Plant | |
| Animal |
| By Type | |
| Carbohydrate-Based | |
| Protein-Based | |
| Lipid-Based |
| By Application | |
| Bakery and Confectionery | |
| Beverages | |
| Processed Meat | |
| Convenience Food | |
| Others |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Fat Replacers Market Research FAQs
What is the current North America Fat Replacers Market size?
The North America Fat Replacers Market is projected to register a CAGR of 5.93% during the forecast period (2024-2029)
Who are the key players in North America Fat Replacers Market?
Cargill, Inc., Ingredion, Incorporated, Corbion N.V., Tate & Lyle PLC and CP Kelco U.S., Inc. are the major companies operating in the North America Fat Replacers Market.
What years does this North America Fat Replacers Market cover?
The report covers the North America Fat Replacers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Fat Replacers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Fat Replacers Industry Report
Statistics for the 2024 North America Fat Replacers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.
