Global Specialty Fats and Oils Market To Register High Revenue Growth At 5.2% CAGR During 2017 - 2025
Verfasser: yogesh on Tuesday, 11 December 2018According to a new report published by Persistence Market Research titled “Specialty Fats and Oils Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” companies are currently focusing on launching several specialty fats and oils products with different value added offerings and are expected to invest more in research and development in order to expand their customer base and enhance their market presence. As the market of specialty fats and oils is dominated by the APAC region, several companies are importing oils from Indonesia, Malaysia, Thailand and other countries at a very low price and are offering oils with private labeling to other regional markets. The global specialty fats and oils market was valued at about US$ 36 Bn in 2016 and is projected to be valued at around US$ 57 Bn by 2025 end. Sales revenue is expected to increase at a CAGR of 5.2% during the forecast period 2017-2025.
Global Specialty Fats and Oils Market: Drivers
• Growth of the global fats and oils market to spur revenue generation in the specialty fats and oils market
• Increasing demand for non-PHO alternatives in the bakery industry to boost market revenue growth
• Corn oil being used as an industrial oil expected to fuel specialty fats and oils market growth
• Product introduction with health benefit positioning a key driver of growth
• Growing demand for packaged food products to boost market revenue