The high fat powder global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Fat Powder Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The high
fat powder market size has grown strongly in recent years. It will grow
from $81.87 billion in 2023 to $88.50 billion in 2024 at a compound
annual growth rate (CAGR) of 8.1%. The growth in the historic period can
be attributed to rising preference for rich and indulgent flavors,
rising plant-based products, rising prevalence of obesity, rising
confectionary products, rising consumption of processed foods, increased
food and beverages, and rising meat consumption.
The high fat powder market size is expected to see strong growth in the next few years. It will grow to $121.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing ready-to-eat products, increasing dietary products, increasing plant-based high fat powder, increasing diabetes, increasing vegan products, increasing food and beverages, increasing dietary supplements, and growing demand for convenience foods. Major trends in the forecast period include product innovation, improved packaging technologies, development of cold chain capacities, innovative fat-powder formulations, and advancements in processed food technologies.
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Scope Of High Fat Powder Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High Fat Powder Market Overview
Market Drivers -
The
growing demand for convenience foods is expected to propel the growth
of the high fat powder market going forward. Convenience foods are
pre-packaged or pre-prepared foods designed for quick and easy
consumption with minimal preparation time and are typically ready-to-eat
or require simple steps such as heating or mixing, catering to busy
lifestyles. The demand for convenience foods is growing due to shifting
lifestyles, increased urbanization, and a preference for quick and easy
meal solutions. High-fat powders are utilized in convenience foods to
enhance texture, flavor, and nutritional content, catering to ketogenic
diets and portable meal solutions. For instance, in March 2024, the Bank
of Ayudhya Public Company Limited, a Thailand-based commercial banking
company, reported that the domestic market for Thai-made ready-to-eat
food is expected to grow by 3.0-4.0% annually from 2024 to 2026.
Additionally, in 2022, the ready-to-eat food industry had a total
domestic and export sales volume of 482.4 thousand tons, with a value of
USD 2.0 billion. Therefore, the growing demand for convenience foods
drives the high fat powder market.
Market Trends -
Major
companies operating in the high fat powder market are focusing on
developing innovative products such as high-fat cocoa powders to meet
the rising demand for healthier, indulgent options in the food and
beverage industry. High-fat cocoa powders refer to cocoa powders that
contain a higher percentage of cocoa butter compared to regular cocoa
powders. For instance, in April 2024, Barry Callebaut, a
Switzerland-based chocolate and cocoa manufacturer, launched its latest
cocoa powder, MALEO, in the Asia-Pacific region. The standard 10/12
MALEO range provides a deep brown color that improves the visual appeal
of any cocoa-based creation, as well as a richer and more chocolatey
flavor that offers a stronger and longer-lasting cocoa sensation. The
high-fat 22/24 MALEO powder provides a creamier mouthfeel, enhancing
texture and enjoyment, while also absorbing less water to ensure better
consistency in applications. Using the MALEO cocoa powders allows for up
to a 20 percent reduction in powder usage, leading to cost savings.
The high fat powder market covered in this report is segmented –
1) By Type: Coconut Milk Powder, Cream Powder, Butter Powder, Other Types
2) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Online Sales Channel, Business To Business
3) By Application: Household, Commercial, Industrial
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Regional Insights -
North
America was the largest region in the high fat powder market in 2023.
The regions covered in the high fat powder market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the high fat powder market are BASF SE, FrieslandCampina
Kievit, Fonterra Co-Operative Group Limited, Arla Foods Group,
International Flavors and Fragrances Inc., Barry Callebaut AG, Kerry
Group plc, HOCHDORF Group, Mokate S.A., Batory Foods, Corman SA,
FutureCeuticals, Lactalis Group, Kanegrade Limited, All American Foods,
Aarkay Food Products Ltd, MEGGLE GmbH, Iprona SpA , NutraDry, Alpen Food
Group, Castle Dairy
Table of Contents
1. Executive Summary
2. High Fat Powder Market Report Structure
3. High Fat Powder Market Trends And Strategies
4. High Fat Powder Market – Macro Economic Scenario
5. High Fat Powder Market Size And Growth
…..
27. High Fat Powder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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