Growing Confectionery, Processed Foods Demand To Propel Specialty Fats & Oils


New York — The specialty fats market is expected to grow 9.7 percent by 2022, while specialty oil sales are anticipated to increase 6.4 percent during the period, both driven by rising demand for candy, chocolate and processed foods, according to Reportlinker.

Cocoa butter equivalents (CBEs) are projected to be the fastest growing segment, with the increasing cost of cocoa butter driving adoption of alternatives, according to Reportlinker. CBEs are primarily used by chocolatiers because of their bloom-stable properties and ability to reduce manufacturing costs for finished products.

Asia-Pacific markets are expected to be the fastest-growing region for specialty oils and fats because of developing economies of China and India.