During the projected period, the United Kingdom interesterified fats industry is poised for significant growth, with Future Market Insights (FMI) forecasting a robust CAGR of 4.5% from 2023 to 2033. The market value is expected to rise from US$ 207.3 million in 2023 to US$ 322.4 million by 2033, driven by increasing consumer demand for low trans-fat-based food products.
The historical estimation of this market was valued at US$ 199.4 million by the end of 2022 and is estimated to exhibit CAGR growth of 3.3% in 2018 to 2022.
The UK interesterified fats market is witnessing substantial growth propelled by rising awareness among consumers regarding the adverse effects of trans-fats on health. Regulatory initiatives to reduce trans-fats in food products, along with consumer preferences for healthier alternatives, are driving the market expansion.
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Consuming food items containing trans-fatty acids produced during the industrial partial hydrogenation process has detrimental cardiovascular health consequences.
In several nations, this has resulted in voluntary government measures and initiatives to reduce the so-called “industrial” trans-fatty acids in food products. This is creating a conducive environment for the expansion of United Kingdom Intersterified Fats Market.
Consumer consciousness in the food and beverage ecosystem is a key driver for the adoption of interesterified fats as substitutes for dairy-derived fats in the UK. Manufacturers are innovating with modified fats and oils to eliminate industrial trans-fatty acids (TFA) and reduce dependency on saturated fatty acids (SFA)-rich fats from meat and dairy sources.
Key Takeaways from the Report:
- Global sales of interesterified fats are forecast to rise at 5.9% CAGR during the assessment period, totaling a valuation of US$ 4,486.2 million in 2023.
- In terms of interesterification process, the enzymatic segment is projected to expand at 6.2% CAGR through 2033
- By end use application, food processing segment is likely to accelerate at 4.1% CAGR during the assessment period.
- Interesterified fats demand across India is forecast to surge at 5.7% between 2023 and 2033.
- The United States interesterified fats market is projected to progress at a CAGR of 4.5% between 2023 and 2033, attaining a valuation of US$ 1,494.2 million by 2033.
- China’s interesterified fats market is likely to exhibit a CAGR of 5.4% throughout the projection period.
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Competitive Landscape: The United Kingdom Interesterfied Market
Earlier product portfolios were less diverse, but as time has passed and product demand has increased, major players are focussing on new product formation.
Companies like Cargill Incorporated, Archer Daniels Midland Company, and others are starting to broaden their product range and increase their market reach.
Further, they are adopting strategies such as mergers, acquisitions, partnerships, facility expansions, and collaborations, and firming up distribution channels to expand their global footprint.
For instance
- In March 2022, AAK, a leading provider of specialty vegetable oils and fats, announced the launch of a new line of interesterified fats called Akomix, which is designed to improve the texture, stability, and shelf life of confectionery products.
- In August 2018, Cargill has invested $17.5 million in Izegem edible vegetable oil refinery to advance food safety and infant nutrition. The plant is one of the most complex edible oil refineries in Europe.
With its refining, hydrogenation, interesterification, winterization, and blending technologies, the plant can process 11 types of oils and fats into 300 product blends.
Key Companies Profiled
- Bunge
- Archer Daniels Midland Co.
- Cargill Incorporated
- Wilmar International Limited
- Intercontinental Specialty Fats Sdn
- Industries Limited
- Oleo Fats Inc.
- IOI Corporation Berhad
- Liberty Oil Mills Ltd.
- Fuji Oil Holdings
- Mewah International Inc.
- Novozymes
- Oieofinos
- AAK Kamani Pvt. Ltd.
- Willowton Group
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The United Kingdom Interesterified Fats Market by Category
By Interesterification Process:
- Chemical
- Enzymatic
By Source:
- Palm Oil
- Soybean Oil
- Groundnut Oil
- Walnut Oil
- Coconut Oil
- Rapeseed Oil
- Sunflower Oil
- Cottonseed Oil
- Other Vegetables
By End-Use Application:
- Food Processing
- Pharmaceutical
- Cosmetics & Personal Care Products
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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