The Interesterified Fats Market was valued at US$ ~235 Million in 2022 and is projected to grow at a CAGR of 3% from 2017, to reach a value of US$ ~371 Million by 2032. Future Market Insights (FMI) has predicted the demand for interesterified fats will grow year-on-year (YoY) by 4% in 2022. Global Growth Rate of Interesterified Fats Market is~5% CAGR.
Interesterification regulates the melting profile of unsaturated and saturated fat blends. For around 20 years, interesterification was being used by scientists only in lab settings, producing a few kilos of product per hour. Only a few companies, such as Wilmer International Ltd. and Archer Daniels Midland Co., were developing interesterified fat products using the process.
As time evolved, consumers gained awareness that consuming dietary items containing trans-fatty acids produced during the industrial partial hydrogenation process has significant cardiovascular health consequences. In many countries, this has resulted in voluntary initiatives and governmental measures to reduce the so-called “industrial” trans-fatty acids in food products.
In the United Kingdom, voluntary food industry efforts have caused a significant reduction in the mean trans-fatty acid intake in adults and children, as manufacturers, like Cargill, have found and implemented the noteworthy replacement in the production with interesterification process, to eliminate “industrial” trans-fatty acids in meals, boosting the market growth.
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Incorporating interesterified fats into meals increases desirable functional properties while eliminating the requirement for trans-fats and lowering the saturated fatty acid (SFA) content by 10-20%, resulting in a functional fat with more potential health benefits. The average daily energy intake through interesterified fats mixes is estimated to be between 4-10%.
As a result of this, the demand for interesterified fats is increasing globally. This also has led to a new trend in market and food processing manufacturers are compelled to incorporate such healthy ingredients in their food products. This is ramping up the interesterified fats sales.
Key Takeaways from Market Study
- Interesterified fats market in Europe will account for 31.9% of global sales in 2022.
- Demand in Asia Pacific also will grow at a high pace, thanks to expansion of food processing industry in India, China, Japan, and other countries.
- Although by application, the food processing industry holds the highest market share, cosmetics and personal care segment are set to expand at a CAGR of 5.9%.
- Enzymatic interesterification will register high demand across the world, accounting for maximum share in the market in terms of interesterification process.
Competitive Landscape
Key manufacturers of interesterified fats are majorly focusing on research & development to enhance the quality of their products. These manufacturers also participate in various exhibitions and events around the world to increase the awareness of their products.
- The British Nutrition Foundation (BNF) and King’s College London hosted a one-day roundtable session in March 2019 to examine the usage of interesterified fats in the food chain, current knowledge of their health consequences, and recommendations for future study and communication to key stakeholders.
- IPB SEAFAST Center has developed enzymatic interesterification for fat processing, one of which uses fully hydrogenated soybean oil (source of SOS) and a mixture of PMF soft substrate (source of POP) as the raw materials, ramping up demand for the product.
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Segmentation Analysis of Global Interesterified Fats Market
By Interesterification Process:
- Chemical
- Enzymatic
By Source:
- Palm Oil
- Sal
- Illpe
- Shea/ Shea Nut Oil
- Kokum Gurgi
- Mango Kernel
- Coconut Oil
- Sunflower Oil
- Soybean Oil
- Canola Oil
By End Use Application:
- Food Processing
- Pharmaceuticals
- Cosmetics and Personal Care
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Key Questions Answered in the Report
What was the market for interesterified fats worth in 2021?
The global interesterified fats market value was around US$ 226 Mn in 2021.
At what CAGR is the interesterified fats market poised to expand through 2032?
Interesterified fats market revenue is expected to increase at a CAGR of around 5% during the period 2022-2032.
How has the performance of interesterified fats market been over the past half-decade?
Interesterified fats sales increased a CAGR of around 3% over the past half-decade.
What are the drivers of interesterified fats market?
Increasing use of interesterified fats in the food industry, rising population fuelling an increase in food demand, minimal energy consumption of the process, and long shelf life of the product are the primary drivers propelling the global interesterified fats market forward.
Who are the key players operating in the interesterified fats market?
Bunge (Loders Croklaan), Archer-Daniels-Midland Co., Adams Group, Cargill Incorporated, and Wilmar International Limited are expected to be the top players driving the market growth.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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