India Powdered Fats Market Size & Outlook, 2022-2030
India powdered fats market, 2018-2030 (US$M)
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India powdered fats market highlights
- The India powdered fats market generated a revenue of USD 160.1 million in 2022 and is expected to reach USD 254.2 million by 2030.
- The India market is expected to grow at a CAGR of 5.9% 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 160.1 million |
| Market revenue in 2030 | USD 254.2 million |
| Growth rate | 5.9% (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, India accounted for 7.1% 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 Asia Pacific, China powdered fats market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 254.2 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 34.92% in 2022. Horizon Databook has segmented the India 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 growth of the food & beverage sector and rising consumer inclination toward healthy fats are the major factors driving the demand for fat powders in India. Increasing disposable incomes and changing lifestyles have led to a rise in the number of food service establishments, cafes, and bakeries in the country.
Fat powders are used in different food mixes to improve the taste, texture, and mouthfeel of the end products. To cater to the high demand, several local and key players are offering fat powders in the country.
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Target buyers of India 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 India powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into India powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India powdered fats market size, by source, 2018-2030 (US$M)
India Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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