The Asia Pacific Powdered Fats Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030).
There are various new developments in the market. As consumer consciousness regarding the detrimental impacts of saturated fats increases, there is a developing preference for natural fat powder alternatives that promote better health. In addition, as more people choose to eat sustainably and ethically, vegan and plant-based fat powders are becoming more and more popular. Moreover, producers are emphasizing product innovation by adding functional components to meet consumers' evolving dietary requirements. Furthermore, as customers seek more convenient and effortless purchasing events, the market is seeing a boom in online sales channels and e-commerce sites.
The market has an optimistic future due to the food and beverage industry's growing achievements. Market participants are emphasizing the introduction of application-specific product lines to more effectively cater to the demands of the end-user segment. In addition, industry players have been emphasizing direct sales of these fats while channelling efforts to strengthen their distribution networks. Additionally, companies are endeavouring to produce more affordable these fats with more protein and vegetable fat content.
China's rapid industrialization and urbanization have led to changing dietary habits, with urban populations relying more on processed and convenience foods. These fats meet the needs of manufacturers catering to these evolving consumption patterns. Chinese consumers aged 18 to 60 residing in Tier-1 to Tier-6 cities are concerned with food safety and health. A substantial portion of these consumers consider consuming food or alcohol to be an emotional tension reliever. Thus, the region's escalating demand for nutritious foods and beverages drives the expansion of the market.
The China market dominated the Asia Pacific Powdered Fats Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $298.1 million by 2030. The Japan market is registering a CAGR of 4.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.6% during (2023 - 2030).
Based on Processing Technology, the market is segmented into Spray Drying, Drum Drying, Freeze Drying, and Others. Based on Source, the market is segmented into Palm & Palm Kernel, Milk, Sunflower, Coconut, Canola, Corn, and Others. Based on Application, the market is segmented into Bakery & Confectionery, Baby Food & Infant Formula, Beverages, Sauces, Dressings, & Condiments, Frozen Desserts, Dairy & Non-dairy Products, Supplements & Nutritional Products, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Powdered Fats Market is Predict to reach $3 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group plc, Royal FrieslandCampina N.V., Aarkay Food Products Ltd., Insta Foods, Vreugdenhil BV, Zeon Lifesciences Ltd., LUS Health Ingredients BV and Glenstal Foods Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Processing Technology
- Spray Drying
- Drum Drying
- Freeze Drying
- Others
By Source
- Palm & Palm Kernel
- Milk
- Sunflower
- Coconut
- Canola
- Corn
- Others
By Application
- Bakery & Confectionery
- Baby Food & Infant Formula
- Beverages
- Sauces, Dressings, & Condiments
- Frozen Desserts
- Dairy & Non-dairy Products
- Supplements & Nutritional Products
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group plc
- Royal FrieslandCampina N.V.
- Aarkay Food Products Ltd.
- Insta Foods
- Vreugdenhil BV
- Zeon Lifesciences Ltd.
- LUS Health Ingredients BV
- Glenstal Foods Ltd.
TABLE 1 Asia Pacific Powdered Fats Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Powdered Fats Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Spray Drying Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Spray Drying Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Drum Drying Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Drum Drying Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Freeze Drying Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Freeze Drying Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Palm & Palm Kernel Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Palm & Palm Kernel Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Milk Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Milk Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Sunflower Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Sunflower Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Coconut Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Coconut Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Canola Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Canola Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Corn Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Corn Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Baby Food & Infant Formula Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Baby Food & Infant Formula Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Beverages Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Beverages Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Sauces, Dressings, & Condiments Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Sauces, Dressings, & Condiments Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Frozen Desserts Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Frozen Desserts Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific Dairy & Non-dairy Products Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Dairy & Non-dairy Products Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Supplements & Nutritional Products Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Supplements & Nutritional Products Market by Country, 2023 - 2030, USD Million
TABLE 45 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Powdered Fats Market by Country, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Powdered Fats Market by Country, 2023 - 2030, USD Million
TABLE 49 China Powdered Fats Market, 2019 - 2022, USD Million
TABLE 50 China Powdered Fats Market, 2023 - 2030, USD Million
TABLE 51 China Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 52 China Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 53 China Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 54 China Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 55 China Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 56 China Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 57 Japan Powdered Fats Market, 2019 - 2022, USD Million
TABLE 58 Japan Powdered Fats Market, 2023 - 2030, USD Million
TABLE 59 Japan Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 60 Japan Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 61 Japan Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 62 Japan Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 63 Japan Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 64 Japan Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 65 India Powdered Fats Market, 2019 - 2022, USD Million
TABLE 66 India Powdered Fats Market, 2023 - 2030, USD Million
TABLE 67 India Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 68 India Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 69 India Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 70 India Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 71 India Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 72 India Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 73 South Korea Powdered Fats Market, 2019 - 2022, USD Million
TABLE 74 South Korea Powdered Fats Market, 2023 - 2030, USD Million
TABLE 75 South Korea Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 76 South Korea Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 77 South Korea Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 78 South Korea Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 79 South Korea Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 80 South Korea Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 81 Singapore Powdered Fats Market, 2019 - 2022, USD Million
TABLE 82 Singapore Powdered Fats Market, 2023 - 2030, USD Million
TABLE 83 Singapore Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 84 Singapore Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 85 Singapore Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 86 Singapore Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 87 Singapore Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 88 Singapore Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 89 Malaysia Powdered Fats Market, 2019 - 2022, USD Million
TABLE 90 Malaysia Powdered Fats Market, 2023 - 2030, USD Million
TABLE 91 Malaysia Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 92 Malaysia Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 93 Malaysia Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 94 Malaysia Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 95 Malaysia Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 96 Malaysia Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 97 Rest of Asia Pacific Powdered Fats Market, 2019 - 2022, USD Million
TABLE 98 Rest of Asia Pacific Powdered Fats Market, 2023 - 2030, USD Million
TABLE 99 Rest of Asia Pacific Powdered Fats Market by Processing Technology, 2019 - 2022, USD Million
TABLE 100 Rest of Asia Pacific Powdered Fats Market by Processing Technology, 2023 - 2030, USD Million
TABLE 101 Rest of Asia Pacific Powdered Fats Market by Source, 2019 - 2022, USD Million
TABLE 102 Rest of Asia Pacific Powdered Fats Market by Source, 2023 - 2030, USD Million
TABLE 103 Rest of Asia Pacific Powdered Fats Market by Application, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Powdered Fats Market by Application, 2023 - 2030, USD Million
TABLE 105 Key Information – Insta Foods
TABLE 106 Key Information – Vreugdenhil BV
TABLE 107 Key Information – Zeon Lifesciences Ltd.
TABLE 108 Key Information – LUS Health Ingredients BV
TABLE 109 Key Information – Glenstal Foods Ltd.
TABLE 110 Key Information – Aarkay Food Products Ltd.
TABLE 111 Key Information – Kerry Group PLC
TABLE 112 Key Information – Royal FrieslandCampina N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Powdered Fats Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Powdered Fats Market
FIG 4 Porter’s Five Forces Analysis – Powdered Fats Market
FIG 5 Asia Pacific Powdered Fats Market Share by Processing Technology, 2022
FIG 6 Asia Pacific Powdered Fats Market Share by Processing Technology, 2030
FIG 7 Asia Pacific Powdered Fats Market by Processing Technology, 2019 - 2030, USD Million
FIG 8 Asia Pacific Powdered Fats Market Share by Source, 2022
FIG 9 Asia Pacific Powdered Fats Market Share by Source, 2030
FIG 10 Asia Pacific Powdered Fats Market by Source, 2019 - 2030, USD Million
FIG 11 Asia Pacific Powdered Fats Market Share by Application, 2022
FIG 12 Asia Pacific Powdered Fats Market Share by Application, 2030
FIG 13 Asia Pacific Powdered Fats Market by Application, 2019 - 2030, USD Million
FIG 14 Asia Pacific Powdered Fats Market Share by Country, 2022
FIG 15 Asia Pacific Powdered Fats Market Share by Country, 2030
FIG 16 Asia Pacific Powdered Fats Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Insta Foods
FIG 18 SWOT Analysis: Vreugdenhil BV
FIG 19 SWOT Analysis: Zeon Lifesciences Ltd.
FIG 20 SWOT Analysis: LUS Health Ingredients BV
FIG 21 SWOT Analysis: Glenstal Foods Ltd.
FIG 22 Recent strategies and developments: Kerry Group PLC
FIG 23 SWOT Analysis: KERRY GROUP PLC
FIG 24 SWOT Analysis: Royal FrieslandCampina N.V.