Belgium Powdered Fats Market Size & Outlook, 2022-2030
Belgium powdered fats market, 2018-2030 (US$M)
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Belgium powdered fats market highlights
- The Belgium powdered fats market generated a revenue of USD 36.5 million in 2022 and is expected to reach USD 45.8 million by 2030.
- The Belgium market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, palm & palm kernel was the largest revenue generating source in 2022.
- Coconut is the most lucrative source segment registering the fastest growth during the forecast period.
Powdered fats market data book summary
| Market revenue in 2022 | USD 36.5 million |
| Market revenue in 2030 | USD 45.8 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palm & Palm Kernel, Coconut, Milk, Sunflower, Canola, Corn |
| Key market players worldwide | Kerry Group PLC Class A, FrieslandCampina, Aarkay Food Products Ltd, Instafood, Castle Dairies, Zeon Lifesciences, Natural Extracts Industries |
Other key industry trends
- In terms of revenue, Belgium accounted for 1.6% of the global powdered fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany powdered fats market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 153.8 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Belgium powdered fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to powdered fats market will help companies and investors design strategic landscapes.
Palm & palm kernel was the largest segment with a revenue share of 34.79% in 2022. Horizon Databook has segmented the Belgium powdered fats market based on palm & palm kernel, coconut, milk, sunflower, canola, corn covering the revenue growth of each sub-segment from 2018 to 2030.
The rising consumption of processed food & beverages in the country is driving the demand for powdered fats. According to Healthy Belgium, a health information portal in Europe, the Belgian diet is characterized by the excessive consumption of processed confectionery products and red meat products.
To address the rising demand for processed foods, several manufacturers are introducing fat powders for the food service and food manufacturing industry. For instance, Belgium-based BHA BELGIUM SA offers vegetable fat powder containing 80% palm oil, milk proteins, and glucose syrup.
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Target buyers of Belgium powdered fats market databook
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Our clientele includes a mix of powdered fats market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Belgium powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into Belgium powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Belgium powdered fats market size, by source, 2018-2030 (US$M)
Belgium Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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