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Growing Consumption of Low-Fat Food Products Positions Fat Replacer Market to Surpass US$ 3.5 Bn by 2031
NEW YORK , Jan. 3, 2022 /PRNewswire/ -- As per latest Fact.MR analysis, the global fat replacer market is set to top US$ 2 Bn by the end of 2021. Rapid adoption of fat replacers in food and beverage industry is the major factor propelling the sales at a healthy CAGR of 6%, surpassing US$ 3.5 Bn by 2031.
Rising demand for low-fat diets, growing health awareness among people, expanding food & beverage industry and increasing prevalence of diabetes are some of the factors driving the fat replacer market.
Fat replacers are substances used to mimic and replace fats in the food without compromising the taste and texture of food. They are being extensively utilized for the manufacturing of low-fat foods, beverages and dairy products.
Further, growing concerns regarding the surge in heart related diseases is a major factor propelling the growth of fat replacers market. According to the World Health Organization (WHO), the global cases of obesity has nearly tripled since 1975. An estimated 1.9 billion adults aged 18 years and older were overweight in 2016. Out of this number around 650 million people were obese.
Subsequently, it has been found that obesity and overweight can give rise to multiple chronic diseases such as osteoarthritis, and kidney failure. As a result, people are increasing the consumption of low-fat foods. This, in turn, is triggering the growth in fat replacer market.
Moreover, various international and national organizations are launching initiatives to cut down the consumption of fats and promote the use of fat alternatives. For instance, in 2018, the WHO launched the REPLACE initiative to eliminate industrially produced trans fats.
Similarly in November 2018 , the Food Safety and Standards Authority of India (FSSAI) launched a new mass media campaign (Heart Attack Rewind) calling for the elimination of industrially produced trans-fat in the food supply.
As per Fact.MR, carbohydrates-based fat replacers will remain the most consumed products accounting for over 50% of the market share by 2031. Carbohydrate based fat replacers have the ability to retain moisture and create the same texture as that of fats. They are being increasingly utilized in confectionery industry.
Regionally, North America will continue to dominate the global fat replacer market, accounting for a major share of 45% over the forecast period. Growth in the region is attributed to the increasing prevalence of heart related diseases, growing health consciousness, expanding food and beverages industry and presence of leading market players.
says a Fact.MR analyst.
Leading players operating in the fat replacer market have are aiming at expanding their global footprint through advanced product launches. Besides this they have adopted various growth strategies such as mergers, collaborations, partnerships and acquisitions to increase their sales.
Some of the prominent players operating in the fat replacer market profiled by Fact.MR are:
Fact.MR provides an unbiased analysis of fat replacer market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for fat replacer with a detailed segmentation on the basis of:
Due to hectic lifestyles, consumers devote less effort and time to preparing meals at home. Because low fat pasta is regarded as one of the convenient foods, people like to eat it at all hours of the day and night. Low-fat pasta is high in carbohydrates, proteins, fibers, and vitamins, in addition to being convenient. It aids in the treatment of gastrointestinal disorders, the reduction of cholesterol, the development of strong muscle, and the maintenance of a balanced diet. Low fat pasta is in high demand in the global market due to health reasons and the ease with which it can be prepared.
- Rising health concerns such as obesity, cholesterol, heart disease, and, most recently, the COVID-19 pandemic has affected consumers' attitudes on their eating habits dramatically, driving up demand for fat-free meals and snacks. Because consumers are becoming more aware of the health benefits of eating fat-free meals and snacks, such as a low glycemic index, good HDL cholesterol, better stamina, and proper heart and lung function, the fat-free meals and snacks market is expected to rise over the forecast period.
- Consumers all across the world are becoming more aware of the link between nutrition and health, which is leading to a trend toward the consumption of low-fat, low-cholesterol foods. Heart disease has been plaguing consumers for over a decade as a result of high LDL cholesterol levels. Growing customer awareness of the benefits of eating low-fat, low-cholesterol foods for better heart health will increase demand for low-fat, low-cholesterol foods in the coming years.
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