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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