North America Powdered Fats Market Size & Outlook
North America powdered fats market, 2018-2030 (US$M)
Related Markets
North America powdered fats market highlights
- The North America powdered fats market generated a revenue of USD 541.0 million in 2022.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 541.0 million |
| Market revenue in 2030 | USD 746.1 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 24.2% of the global powdered fats market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,157.9 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 34.99% in 2022. Horizon Databook has segmented the North America 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 consumer demand for ingredients that impart mouthfeel and nutritional benefits is a primary driver for the use of fat powders in North America. Using these ingredients helps manufacturers produce products that cater to consumers' evolving preferences and needs.
Several consumers in the region are seeking food & beverages that impart a sensory experience. Fat powders excel as they impart creaminess, smooth texture, and mouthfeel to several food & beverage formulations.
In addition, the growing popularity of non-dairy milk alternatives and vegan products is boosting the demand for fat powders in the region. To address the increasing demand, several companies are launching products that enhance the richness and provide mouthfeel.
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Target buyers of North America 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 continent-level data and insights on the North America powdered fats market , including forecasts for subscribers. This continent databook contains high-level insights into North America powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America powdered fats market size, by country, 2018-2030 (US$M)
North America Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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