The global fat replacers market is projected to grow at a CAGR of 6.3% during the forecast period. The key factors that drive the growth of the market include the wide range of product applicability of fat replacers in all types of food and beverages. Increased awareness regarding health & wellness among people along with the rapidly rising rate of obesity and associated health problems are some of the major factors that create demand for low-calorie food and hence drive the growth of the fat replacers market over the forecast period.

Fat alternatives that have similar chemical and physical properties as regular fat are referred to as fat replacers. These contain fewer calories and are highly stable in nature, and often used in the production of low-fat and low-calorie foods. Fat replacers are primarily produced from proteins, carbohydrates, lipids, and sometimes combinations of these product types.

Further, there is a significant rise in the food & beverage industry across the globe owing to the rising population, increasing disposable income, and economic development, which accelerates the adoption of food items, which, in turn, will positively affect the product demand for fat replacers over the forecast period. Apart from this, the demand for low-calorie dietary products and innovative food ingredients are likely to further enhance the growth of market growth during the forecast period. Besides, the increased applications of fat replacers in dairy products create significant growth opportunities for the market. 

Segmental Outlook

The global fat replacers market is segmented on the basis of the source and applications. Based on the source, the market is segmented into protein-based fat replacers, carbohydrate-based fat replacers, and lipid-based fat replacers. The carbohydrate-based fat replacers segment is estimated to hold a prominent share in the market. Based on the application, the market is segmented into food and beverages. The food segment is the major application of fat replacers. The food segment is further sub-segmented into dairy products, bakery & confectionery, processed meat, convenience food, and others. Among these, the bakery & confectionery food segment is estimated to contribute a prominent share in the market.

Global Fat Replacers Market by Source, 2019 (%)

Carbohydrate-Based Fat Replacers to Contribute a Significant Share in the Market

The carbohydrate-based fat replacers segment tends to hold a prominent share in the market in 2019 and is estimated to continue to do so during the forecast period. Carbohydrate-based fat replacers have low-calorie density and provide gelling, thickening, stabilizing, and other texture-modifying properties. Carbohydrate-based fat replacers include fat produced from starchy foods including cereals, grains, and corn. Some of the carbohydrate fat replacers including starches, maltodextrins, polydextrose, gums, and fibers. In addition, carbohydrate fat replacers are sometimes used in combination with protein-based and lipid-based fat replacers as per the requirement of the food product type.

Regional Outlook

The global fat replacers market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to grow significantly during the forecast period. The regional growth of the market is attributed to the changing lifestyles of people in the region. In addition, there is an increasing demand for nutrition-rich food owing to the increasing health concerns among the population. Thus, in order to curb the need for nutritional food requirements along with the demand for low-calorie and low-fat products, the demand for fat replacers increases significantly. Further, North American is estimated to contribute a significant share in the market over the forecast period owing to the increasing trend of a nutritionally healthy diet in the region. 

Global Fat Replacers Market by Region 2019 (%)

Market Players Outlook

The study of the global fat replacers market report covers the analysis of various players operating in the market. Some of the prominent players operating in the global fat replacers market include Ashland Inc., Cargill Inc., Ingredion Inc., Kerry Group Plc, Tate & Lyle Plc, Archer Daniels Midland Co., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global fat replacers market. 

For instance, in May 2019, Ingredion has added a functional native starch to its portfolio of clean and simple co-texturizers with the launch of NOVATION Indulge 2920 starch. The new product is a corn-based starch which can support lower-fat and lower-calorie products and the production of foods with a healthier profile. Supporting a clean label, NOVATION Indulge 2920 starch enables food producers to improve mouthfeel by offering the same functionality as a modified starch while replacing or reducing ingredients such as fat and oil.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global fat replacers market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.