A recent report ongoing study by
Infinium Global Research on the exotic fats market provides an in-depth analysis of
segments and sub-segments in the global as well as regional exotic fats market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional exotic fats market over the short term as
well as the long term. The report is a comprehensive presentation of trends,
forecast,s and dollar values of the global exotic fats market. According to the
report, the global exotic fats market is projected to grow at a significant CAGR
over the forecast period of 2022-2028.
Exotic Fats are used for chocolate
& confectionery, bakery products, dairy products, the cosmetic industry,
and other applications. In daily life, human skin is exposed to various
environmental factors and unsanitary conditions that have detrimental effects
on dermal integrity. Exotic lipids/fats obtained from de-shelled pressed fruit
kernels of shea, sal, mango, and kokum tree are beneficial ingredients and have
many attributes that make them suitable for skincare. This popularity has even
increased in recent years, a result of fats being an excellent emollient and
offering interesting bioactive properties.
Due to the
lockdown and the need for physical distancing, many companies have been forced
to shut down; hence most small and large-scale businesses are affected. As the
effects of COVID-19 are felt around the world, food and beverage companies face
significantly reduced supply chain disruption and consumption challenges. While
domestic consumption has peaked in the past two weeks, domestic consumption has
stagnated. Since the out-of-home market has consistently generated the highest
margin, this will immediately impact the income statement, although some
suppliers seek to mitigate this by diverting their supplies to retail stores.
Agricultural production is depressed, and supply chains are disrupted due to
rapid changes in behavior and consumer demand
The global exotic fats market is
driven by factors such as the rising demand for exotic fats in the cosmetic
industry and the fall in production of cocoa beans, due to which steady rise in
demand for chocolate and cocoa butter. Moreover, the exotic fats market is
driven by the improved taste and texture of chocolate-based exotic fats that
help the cosmetic industry to control its cost of production. On the other
hand, the restraining factor identified in the study includes an uncultivated
supply-side likely to hinder the market growth. A significant rise in demand
for exotic fats as cocoa butter equivalent is expected to show growth
opportunities for leading players. Moreover, various application segments are
expected to drive the exotic fats market worldwide. Furthermore, these natural
fats have high oxidative resistance and are biocompatible, having no
deleterious effects on the skin. The exotic fats used in skincare are known to
exhibit their products by restoring a stuff client layer of skin lipids and
skin elasticity, boosting natural skin regeneration, and increasing skin hydration
by forming an inert, epicutaneous occlusive membrane. Hence there is rising
demand from the cosmetics industries and other healthcare sectors, driving
market growth over the forecast period.
The North American region
dominated the global exotic fats market, followed by the Asia-Pacific exotic
fats market. Based on countries, India, China, and Japan led the global exotic
fats market in 2015. The rising demand for exotic fats in the cosmetic industry
has played a significant role in driving the exotic fats market worldwide.
Similarly, factors such as a fall in the production of cocoa beans due to which
steady rise in demand for chocolate and cocoa butter and improved taste and
texture of chocolate-based exotic fats that help the cosmetic industry to control
their cost of production are some of the crucial factors responsible for the
growth of the global exotic fats market. Furthermore, a significant rise in
demand for exotic fats as cocoa butter equivalent is expected to drive the
exotic fats market worldwide.
The report on the global exotic fats
market covers segments such as type, form, and application. On the basis of
type, the sub-markets include cocoa butter equipments, cocoa butter substitutes,
and others. On the basis of form, the sub-markets include liquid, and dries. On
the basis of application, the sub-markets include chocolate and confectionery,
bakery, dairy, cosmetic, and others.
The report provides profiles of
the companies in the market such as 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, and 3F Industries.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into 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 the exotic fats market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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