Canada Powdered Fats Market Size & Outlook, 2022-2030
Canada powdered fats market, 2018-2030 (US$M)
Related Markets
Canada powdered fats market highlights
- The Canada powdered fats market generated a revenue of USD 41.9 million in 2022 and is expected to reach USD 54.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.4% 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 41.9 million |
| Market revenue in 2030 | USD 54.6 million |
| Growth rate | 3.4% (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, Canada accounted for 1.9% 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 North America, U.S. powdered fats market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 625.6 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 35.08% in 2022. Horizon Databook has segmented the Canada 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.
Canada’s food industry is robust and encompasses various sectors such as confectionery, dairy, bakery, and processed foods. According to the Government of Canada, in 2022, the food & beverage processing industry generated USD 156.5 billion worth of goods, accounting for 18.2% of the manufacturing sales.
The robust nature of the industry is driving the need for versatile food ingredients that help enhance the characteristics and quality of products across these sectors. Fat powders are a key example of a versatile ingredient which are convenient for storage and transportation and can be incorporated into various food and beverages.
The dry form of the product enables several food & beverage manufacturers to rely on fat powders as they improve texture and mouthfeel
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Our clientele includes a mix of powdered fats market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into Canada powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada powdered fats market size, by source, 2018-2030 (US$M)
Canada Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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