The report on global exotic fats market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to the report the global exotic fats market is projected to reach USD X.XX billion by 2023, growing with a healthy CAGR from 2017 to 2023. The global exotic fats market was worth USD X.XX billion in 2015.
Figure: Global Exotic Fats Market by Value
The report identified that the global exotic fats market is driven by factors such as rising demand of exotic fats in cosmetic industry, and fall in production of cocoa beans due to which steady rise in demand for chocolate and cocoa butter. Moreover, exotic fats market is driven by improved taste and texture of chocolate based exotic fats that help cosmetic industry to control their cost of production. On the other hand, the restraining factor identified in the study includes uncultivated supply side likely to hinder market growth. Significant rise in demand for exotic fats as cocoa butter equivalent expected to show growth opportunities for leading players.
The report segments the global exotic fats market by type, by form, by application and region. The segmentation based on fat type includes coca butter equipments (llipe butter, shea butter), cocoa butter substitutes (phulawara fat, dhupa, and mehua fat) and others (sal, mango, kernel, kokum kernel fat). On the basis of form, the market is segmented as liquid and dries (solid/semisolid). On the basis of application market is segmented into Chocolate & confectionery, bakery, dairy, cosmetic and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
North America is the largest markets for exotic fats and accounted for the market share of more than XX% in 2015. Following North America, APAC is the second largest exotic fats market with over XX% of global market share. This is due to lower affordability of cocoa based products in APAC region. Moreover, APAC comprises developing economies such as India, China, Malaysia and Indonesia. India is a major consumer of fats and it is expected to witness highest growth rate over the forecast period.
The companies covered in the report include PZ Cussons, Twifo oil palm plantations, Unilever Ghana Ltd., Kassardian Industries Ltd., Blu Mont Ghana Ltd., International Business Group, Olam Ghana Ltd., Sekaf Ghana Limited, Wilmar Specialty Fat Limited, 3F Industries, Pranav Agro Industries Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of exotic fats globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of exotic fats.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the exotic fats market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the exotic fats market to understand the present and future trends in this market and formulate their strategies accordingly.
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