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Global Salatrim Market Analysis by Application, Nature, Region and segments forecast till 2033
Market Overview
The global Salatrim Market valued at USD 3,500 million in 2022 is expected to grow at a CAGR of 4.6% and reach a value of USD 9,100 million in 2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 3,500 million |
Market Forecast in 2033 | USD 9,100 million |
CAGR % 2023-2033 | 4.6% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Archer Daniels Midland Company, FMC Corporation Ltd., PGP Internationals, TIC Gums Inc, Penford Corporation Ltd., Grain Processing Corporation (USA), and Advanced Food Systems Inc |
Global Salatrim Market- Description
Salatrim is a long and short chain of acyl triglyceride molecules, which consists of short-chain fatty acids and stearic acid and contains low calories. Salatrim is also known to reduce or cut down absorption in the small intestine, which may lead to a larger amount of fats in the gastrointestinal tract that lowers the appetite and energy intake of the consumer. It is proposed as a low-calorie fat replacer. Increase in health problems amid the various body fats, which leads to different heart, liver, and sugar-related issues in people. There is a surge in health-related problems due to an increase in multiple body fats which leads to blood sugar, heart, and liver organ problems.With rising obesity in the population, people are turning towards dietary products. This fat replacer will have a good impact on the food industry as it is one of the most demanded items in the market.
The augmented commonness of sedentary lifestyles and high disposable income of people in both developed and developing countries are propelling the cases of obesity in the evaluation period. It is further expected to lead to liver, heart, and blood sugar problems in people. Salatrim being a fat replacer is thus projected to showcase immense popularity in the food industry. Though salatrim is currently being developed as a substitute to fats in bakery and confectionery products, their excessive intake can lead to gastrointestinal disorders and mild stomach pain. Even though it is proven safe for human consumption, doctors prescribe an intake of about less than 30g per day to avoid these side effects. Thus, government bodies regulate its distribution and it is not available for direct sales. These factors may obstruct the demand for salatrim in the evaluation period.
Key Trends of the Global Salatrim Market:
Increase in Demand for Low-Calorie Fat Replacer
Salatrim comes with a lot of applications in the food industry as a fat replacer. It is productive for reducing weight and for dietary purposes. With a stimulating rise in the living and growing health-conscious population, consumers are swapping their interests towards healthy foods. It is added as alternative fat in bakery and confectionery products. It is suitable for people following a weight loss diet. The increase in health problems such as cholesterol, heart disease, sugar, and obesity due to the rising consumption of processed food such as snacks, oily food, and readymade meals has increased the demand for fat replacers in the food industry.
Rising Obesity Amongst Population, Especially Adults
Obesity is a medical condition where excess body fat can adversely affect health. Obesity is the most common among adult; around 39% of adult aged above 18 years suffers from obesity. With increasing spending capability, the prevalence of obesity has tripled. It has been reported that obesity in high-income and middle-income country has doubled that of low-income countries. With rising awareness about the ill effects of obesity amongst consumers, the demand for salatrim food products has increased as it helps in reducing weight and makes a person less hungry.
Segmental Analysis of the Global Salatrim Market:
Based On Nature:
Organic
Conventional
Based On Application:
Bakery
Confectionary
Dietary Food Products
Frozen Food
Dairy Products
The companies in the frozen food products and dairy industry have a big opportunity for this market as these products are high in fat content. The market for bakery products, sweets, dessert items, and confectionery is anticipated to witness growth. Salatrim is a flavorless product so it does not change the taste and flavors of a food item and so it can be easily added to all food products.
Global Salatrim Market: Geographical Analysis
The global Salatrim Market is further divided into five major countries like North America, Europe, Asia-Pacific, Middle East, and Africa and Latin America. As Asia-Pacific is the fastest-growing region for this market due to factors like changes in lifestyle, and an increase in knowledge, and awareness of health and nutrition. Salatrim is readily available in food products in markets in North America. The American market is loaded with the use of salatrim followed by Europe. The European market uses salatrim mainly in bakery items. This market comes with a variety of usage of bakery products and confectionery, the salatrim market is likely to develop and give big returns.
The Asia Pacific market is observed with less use of salatrim but shows an opportunity for later development in the market.
Global Salatrim Market: Recent Developments
In January 2021, IOI Loders Croklaan, a leading supplier of oils and fats, announced the launch of its new Salatrim product, which is designed to provide a reduced-calorie fat option for food manufacturers. The product is intended to help manufacturers meet the growing demand for healthier food options.
In September 2020, Cargill, a major player in the food industry, announced its acquisition of Turya Foods, a company that specializes in Salatrim production. The acquisition is aimed at enhancing Cargill's portfolio of specialty fats and oils, and expanding its capabilities in the reduced-calorie fat market.
Global Salatrim Market: Key Companies
Archer Daniels Midland Company
FMC Corporation Ltd.
PGP Internationals
TIC Gums Inc
Penford Corporation Ltd.
Grain Processing Corporation (USA)
Advanced Food Systems Inc.
Others
Global Salatrim Market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
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