Specialty Fats and Oils Market to touch a value of US$ 142.1 Bn by
The global specialty oils and fats market is characterized by the innovative business strategies
introduced by the top market players over the past decade. The market for specialty fats and oils is
highly fragmented due to the presence of a number of small, medium, and large-scale players.
However, the existence of a huge number of small and medium-sized players has not affected the
strongholds of the leading market players. These leading players continue to exercise tremendous
control over the market through their business acumen and prowess. It is anticipated that the top
market players would son capture the market share of the local players that are on the brink of
collapsing. The market share of the small and medium-sized players is enough to sustain these
players in the market. Besides this, these medium-sized players are expected to form strategic
alliances in order to counter the stiff competition from larger players. The global market for specialty
fats and oils does not have any significant barriers to the entry of new players; however, the
performance of the new entrants is a key to their sustenance in the market. Some of the leading
market players in the global market specialty fats and oils are Cargill Incorporated, Willmar
International Limited, IFFCO, The Savola Group, and United Foods Company. These leading market
players are anticipated to keep recalibrating their extrinsic and intrinsic business strategies in order to
cater to the demands of the customers.
Transparency Market Research (TMR) published a report depicting the growth pattern of the global
market for specialty fats and oils over the period between 2018 and 2026. The foresighted analysis of
the researchers reveals that the global market is expected to expand at a sturdy CAGR of 6.6% over
the aforementioned forecast period. Furthermore, the global market for specialty fats and oils is
projected to accumulate revenues worth US$ 142.1 Bn by 2025.