Guatemala Powdered Fats Market Size & Outlook, 2022-2030
Guatemala powdered fats market, 2018-2030 (US$M)
Related Markets
Guatemala powdered fats market highlights
- The Guatemala powdered fats market generated a revenue of USD 4.7 million in 2022 and is expected to reach USD 5.6 million by 2030.
- The Guatemala market is expected to grow at a CAGR of 2.1% 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 4.7 million |
| Market revenue in 2030 | USD 5.6 million |
| Growth rate | 2.1% (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, Guatemala accounted for 0.2% 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 Latin America, Brazil powdered fats market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 28.5 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Guatemala 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 36.17% in 2022. Horizon Databook has segmented the Guatemala 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 increase in the number of local Guatemalan brands offering a wide variety of ready-to-eat foods, such as instant noodle soups and sauces in local supermarkets, is driving the demand for powdered fats in the country.
The rising presence of local brands in the ready-to-eat product market is prompting several manufacturers to include fat powders to enhance the appeal of their offerings. Several international e-commerce providers, such as Invico Worldwide and U Buy Co., offer powdered fats for several food applications.
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Target buyers of Guatemala 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 Guatemala powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into Guatemala powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Guatemala powdered fats market size, by source, 2018-2030 (US$M)
Guatemala Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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