(Entertainment-NewsWire.com, September 13, 2018 ) According to Verified Market Intelligence, the global fat replacers market was valued at USD 1.29 billion in 2016 and is projected to reach USD 2.17 billion by 2025, growing at a CAGR of 5.9% from 2017 to 2025.
Fat replacers, also known as food substitutes, are the food products that are used to replace the fat in the food. It has the same taste, texture, functions, stability, chemical and low calories per gram as compared to fat. The main purpose of fat replacers is to reduce the fat content and calorie content in the food items. It is classified into the following: protein-based, carbohydrate-based and fat based. It has a wide range of applications in the food and beverages industries.
Growing occurrences of obesity-related illnesses and growing health awareness among the masses followed by the increase in demand for convenience foods have been driving the global fat replacers market. While stringent regulations regarding manufacturing practices and unpopular flavors of fat replacers act a potential restraint for the overall market at a global level.
Competitive Landscape:
The major players in the market are as follows:
Cargill, Incorporated Ashland Global Holdings Inc. DKS Co. Ltd. Corbion CP Kelco FMC Corporation DuPont Danisco Fiberstar, Inc. Archer Daniels Midland Company Beneo GmbH Tate & Lyle PLC Solvaira Specialties, Inc. Kerry Group PLC Ulrick & Short Avebe U.A.
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