U.S. Powdered Fats Market Size & Outlook, 2022-2030
U.S. powdered fats market, 2018-2030 (US$M)
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U.S. powdered fats market highlights
- The U.S. powdered fats market generated a revenue of USD 445.9 million in 2022 and is expected to reach USD 625.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.3% 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 445.9 million |
| Market revenue in 2030 | USD 625.6 million |
| Growth rate | 4.3% (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, U.S. accounted for 19.9% 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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U.S. 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 35.01% in 2022. Horizon Databook has segmented the U.S. 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 vegan population in the U.S. has led to a rise in demand for vegan products. Several vegan consumers in the region are actively seeking products that closely mimic traditional dairy products. Manufacturers operating in the market are responding by offering a wider range of plant-based fat powders.
For instance, Ramsen Food and Dairy Products, LLC provides a wide range of fat powders from plant-based sources such as soybean, coconut, cottonseed, etc. These fat powders can be used in various food applications, such as dry food mixes and baked goods.
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Target buyers of U.S. 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 U.S. powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into U.S. powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. powdered fats market size, by source, 2018-2030 (US$M)
U.S. Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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