The global spreadable fats market is estimated to reach at a valuation of US$ 17,637.80 Mn in 2023 and it is likely to surpass US$ 28,730.12 Mn by 2033. The demand for spreadable fats is projected to grow at a CAGR of 7% during the forecast period (2023-2033).
As per Future Market Insights (FMI), Japan spreadable fats market is experiencing an increasing demand driven by the growing preference for low fat food products and rising prevalence of heart disease. Low fat food products have become a popular choice for health-conscious consumers, as these foods help to reduce the risk of developing various diseases. Spreadable fats are used in food products such as margarine and spreads, which offer a healthy alternative to traditional butter.
In addition, the prevalence of heart disease has been on the rise due to increased levels of unhealthy eating habits, which has further fuelled the demand for spreadable fats. As a result, people are inclining towards low fat food products in order to reduce their risk of developing heart disease. This will lead to increase demand for spreadable fats in Japan.
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Growing demand for spreadable fats is also attributed by its versatility and convenience. It is used in numerous cooking and baking applications, making it a popular choice for home cooks and professional chefs alike. Moreover, spreadable fats are easy to store and require no preparation time, which makes them ideal for those looking for quick and convenient meal options.
Another factor driving the growth of the market is its high flexibility. Whereas other types of oils or shortenings must undergo processing before being consumed, spreadable fats can be incorporated directly into many dishes without any prior processing. For instance, they may be used to create biscuits or muffins without requiring any additional oil or butter.
Key Takeaways from the Spreadable Fats Market
- The spreadable fats market in Japan is set to register a healthy CAGR during the forecast period.
- Japan is expected to account for a sizeable market share in the global spreadable fats market over the forecasted period.
- The spreadable fats market in Japan is projected to account for a significant valuation by the end of 2033.
- Rising prevalence of heart disease is likely to boost the demand for spreadable fats in Japan.
“Rising demand for low fat food products and prevalence for heart disease in Japan will boost the demand for spreadable fats. Hence, key players are investing in new product development to expand its product portfolio to gain profits.”– Says an FMI Analyst.
Competition Landscape in the Spreadable Fats Market
Key player in the Japan spreadable fats market are focusing on strategies such as product launch, collaboration, acquisition, business expansion, and partnership to expand their market share. In response to this companies are also manufacturing innovative products to expand their product portfolio.
Marinfood, Mirasaka fromage, and Meiji corporation are the key players in the Japan spreadable fats market.
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Recent Developments
- In September 2021, A renowned ice cream shop famed for providing an experience similar to biting into a stick of butter is now refilling shelves across Japan. When it first became available in February, the device quickly became popular on social media and outperformed early sales projections.
- In August 2022, Marinfood has consistently developed its name as a market leader as a major distributor to hotels, restaurants, and schools for over 60 years. The brand’s extensive retail offering ranges from specialised goods like flavoured butter and snack cheeses to practical and high-quality ready-to-eat foods like frozen hotcakes.
Spreadable Fats Market by Category
By Product:
- Butter
- Cheese
- Cream
- Plant Derived Spreads
- Others
By Source:
- Plant
- Soya Milk
- Peanut
- Hazelnut
- Animal
- Cow Milk
- Camel Milk
- Goat Milk
- Buffalo Milk
By End User:
- Commercial
- Domestic purpose
By Distribution:
- Hypermart /Super Mart
- Convenience Stores
- Online Stores
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa(MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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