Interesterified CBE Market Is Set to Experience Revolutionary Growth by 2033
The Interesterified CBE Market is expected to secure a 4.8% CAGR from 2023 to 2033. The market is expected to be valued at US$ 245.10 million in 2023 and projected to value at US$ 401.7 million in 2033.
Increasing Public Understanding of Health Advantages
Consumers are becoming aware of the health benefits of interesterified fats, which has led to an increase in their demand. Interesterified fats are considered healthy than standard oils as they contain less saturated fat, cholesterol, and healthy monounsaturated and polyunsaturated fatty acids. A few market barriers to the expansion of interesterified fats over the forecasted timeframe include:
• An increasing number of health risks associated with the usage of interesterified fats
• A short shelf life when compared to saturated fatty acids
The emergence of replacements such as other partly hydrogenated oils is the most significant and immediate obstruction to the market’s growth.
Food processing accounts for around half of the overall demand for interesterified fats and is expected to play a key role in market development in the coming years. Food processing industries have a low demand for interesterified fats per unit of the final product, but their total sales of finished products are significant.
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Interesterified oil is created by altering fatty acids through a chemical reaction that causes the fatty acid chain to rearrange. This reduces the melting point and rancidity of the oil, making it low in fatty acid concentration and greatly enhancing its functioning. It is widely utilized in the food sector as a frying and baking agent, and it is quite safe for cardiac patients to consume.
The interesterified oil market has acquired significant traction in the modified fats and specialty oils business, owing to its health benefits. Because of its widespread use in nutritional beverages for patients experiencing involuntary weight loss and recovering from sickness, beverages are projected to drive the expansion of the interesterified oil industry.
Key Points from the Interesterified CBE Market
• The market is expected to surpass US$ 245 million by 2033.
• The industry is being boosted by investment in creating new technologies to modify the structures of lipids that are favorable for human consumption.
• Interesterified CBE market is expected to secure a CAGR of 4.8 % during the forecast period.
• North America dominated the interesterified CBE market.
Key Developments in the Interesterified CBE Market
• January 2023 – BASF and Cargill expanded their partnership to deliver high-performance enzyme solutions to animal protein producers across the United States.
• May 2021 – ADM funded almost USD 350 million to construct a soybean crushing facility in North Dakota, United States. The plant is expected to be completed and operational by 2023. Soy crushing, oil refining, and soy-related product processing are among the plant’s functions.
• November 2021 – Cargill invested around USD 35 million to expand the Malaysian vegetable oil production facility. The plant has dry palm fractionation capabilities, allowing it to produce specialty fats for chocolates, coatings, and spreads.
• December 2021 – Fuji Oil formed FII with one of its subsidiaries, Fuji Specialties Inc., and ITOCHU International Inc. The primary goal of this collaboration is to grow the vegetable oil industry in North America. The joint company distributes raw materials, and manufactures, and sells fats and oils throughout North America.
• December 2018 – Richardson International bought Conagra Food Inc.’s Wesson Oil brand, an iconic edible oil brand in the United States. Richardson’s product range comprises vegetable oils, canola oils, corn oils, and mixed oils, which will help the company gain a solid presence in the North American market.
Interesterified CBE Market Key Segmentation
By Interesterification Process:
• Chemical
• Enzymatic
By Source:
• Palm Oil
• Sal
• Illpe
• Shea/ Shea Nut Oil
• Kokum Gurgi
• Mango Kernel
• Coconut Oil
• Sunflower Oil
• Soybean Oil
• Canola Oil
By End-Use Application:
• Food Processing
• Pharmaceuticals
• Cosmetics and Personal Care
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa
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