According to a research report published by Spherical Insights & Consulting, The Global Powdered Fats Market Size Expected to Grow from USD 2.33 Billion in 2023 to USD 3.41 Billion by 2033, at a CAGR of 3.88% during the forecast period 2023-2033.

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Dehydrated fat in powder-like form is called powdered fat. It is often present in many applications and food items. Sources for powdered fat are dairy products, animal fats, and vegetable oils. Instead of liquid fats, powdered fats are easier to handle and store, so incorporate them into recipes. Improved taste, texture, and shelf life are attributed to powdered fats in food products. Throughout the forecast period, this market is predicted to be growing by leaps and bounds due to an increasing use of powdered fats in nutritional product formulations and increasing demand for healthy fats for food applications. Some of the significant changes witnessed in the worldwide powdered fat market are: penetration of several new products through various retail channels; introduction of new products; and new industrial food formulations. With rising convenience needs among individuals, more supermarket hypermarket shoppers are now finding fat powders. These powders help to improve the distribution of fat in food mixes, texture, and mouthfeel, as well as creaminess, opacity, and adhesive properties in food products. However, the market for fat powder would see very slow growth owing to the harmful artificial preservatives that adversely affect health, along with the lack of nutrition in fat powder chemically fermented. It has also been measured that the market is going to be a very slow-growing market due to the ample availability of easy alternatives and also due to the increased health concern about added preservatives.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Powdered Fats Market Size, Share, and COVID-19 Impact Analysis, By Source (Palm & Palm Kernels, Milk & Others), By Processing Technology (Spray Drying, Drum Drying & Others), By Application (Dairy & Non-dairy Products, Frozen Desserts, Bakery & Confectionery & Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.   

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The palm and palm kernels segment are expected to hold the largest share of the global powdered fats market during the projected timeframe.

Based on the source, the global powdered fats market is divided into palm and palm kernels, milk, and others. Among these, the palm and palm kernel segment are expected to hold the largest share of the global powdered fats market during the forecast period. The growth is attributed to the powdered palm fats have high melting points, making them less likely to go rancid, rendering them suitable for processes that require stable fats, such as in bakery and confectionery products and snacking. Palms fats are also quite relevant in the animal’s feeding sector because they are included in the final composition of animal feed during the preparation stages.

The spray dried segment is expected to hold the largest share of the global powdered fats market during the forecast period.   

Based on the processing technology, the global powdered fats market is divided into spray drying, drum drying and others. Among these, the spray dried segment is expected to hold the largest share of the global powdered fats market during the forecast period. The growth is due to the produce powder particles, spray drying is the best technique for heat-sensitive fats and oils, since in this process it atomizes the liquid fat or oil into small droplets and dries them at once by hot air. Spray-dried fat powders are found in various food products, including cookies, candies, instant drinks, savory dishes, dairy alternatives, and dietary supplements.

The bakery and confectionery segment is expected to hold the largest share of the global powdered fats market during the forecast period.

Based on the application, the global powdered fats market is divided into dairy and non-dairy products, frozen desserts, bakery and confectionery, and others. Among these, the bakery and confectionery segment is expected to hold the largest share of the global powdered fats market during the forecast period.  The industry has witnessed an increase in demand for fat-filled milk powder instead of whole milk powder because of its considerable fat content. Consumers are highly demanding on products meant for clean label and all-natural bakery concerns, mainly Europeans with ingredient label-check habits.

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Asia pacific is projected to hold the largest share of the global powdered fats market over the forecast period.

Asia pacific is projected to hold the largest share of the global powdered fats market over the forecast period. Numerous organizations now offer powdered fats for different applications because of the ever-increasing demand for processed and ready-to-eat food in the area. Their use in food applications is increasing because powdered fats are full of concentrated flavor and texture. A number of powdered fats are provided by several big and emerging companies in the market to satisfy this growing demand for processed food in the region.

North America is expected to grow at the fastest CAGR of the global powdered fats market during the forecast period. Fat powders have become needed in the areas because of the increasing demand for vegan and non-dairy milk alternatives. Companies are launching products with an objective of better mouthfeel and creaminess development in view of consumer demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global powdered fats along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global powdered fats market are Kerry Group plc, Royal FrieslandCampina N.V., Aarkay Food Products Ltd., Insta Foods, Castle Dairy s.a., Zeon Lifesciences Ltd., LUS Health Ingredients BV, Hill Natural Extract, Tiba Starch & Glucose Manufacturing Co. S.A.E, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In March 2021, LUS Health Ingredients has launched a brand new vegan powdered fat product line named Veganuary. The collection consists of a variety of plant-based vegan fats engineered to replicate the texture and flavor of their traditional animal-based counterparts.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global powdered fats market based on the below-mentioned segments:

Global Powdered Fats Market, By Source

• Palm and palm kernels
• Milk
• Others

Global Powdered Fats Market, By Processing Technology

• Spray drying
• Drum drying
• Others

Global Powdered Fats Market, By Application

• Dairy & non-dairy products
• Frozen deserts
• Bakery & confectionary
• Others

Global Powdered Fats Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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