Salatrim is referred to as a type of fat substitute that is predominantly used to facilitate weight loss. It is generally made by modifying triacylglycerol which is enriched with short-chain fatty and stearic acid. This compound is being widely used in food products to reduce their calorie rates.
The global salatrim market is presently valued at USD 3.5 Billion and is expected to amplify at a CAGR of 4.6%, thereby amassing a valuation of USD 9.1 Billion by 2030.
Growth determinants and restraints of this market vertical
The growing health consciousness of the masses, rising pervasiveness of lifestyle diseases, and widespread product adoption as fats replacement are primarily augmenting the outlook of this industry sphere.
Furthermore, increasing disposable income of the masses, rising adoption of sedentary lifestyle, and growing geriatric population base are creating lucrative opportunities for the marketplace to prosper. Also, surge in the obesity patient pool is further escalating the demand for fat replacements like salatrim.
Moreover, the booming nutraceutical industry, lifestyle improvements of the masses, and technological advancements in the field are positively swaying the dynamics of this market place. Alongside, rising awareness of the masses regarding the health benefits offered by salatrim is elevating its demand across the globe.
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The COVID-19 pandemic had a positive impact on the progression of this market. It is evident that the people with comorbidities such as diabetes, obesity, or cardiac issues were highly prone of the coronavirus infection. This increased the health cognizance of the masses, thereby elevating the demand for fat replacers like salatrim.
On the contrary, there are stringent regulatory norms pertaining to the direct sales of salatrim since it can cause gastrointestinal disorder if consumed excessively. This in turn is impeding the remuneration scope of this market vertical.
Segmental Analysis Of Global Salatrim Market:
Based On Nature:
• Organic
• Conventional
Based On Application:
• Bakery
• Confectionary
• Dietary Food Products
• Frozen Food
• Dairy Products
The companies in frozen food products and dairy industry have a big opportunity for this market as these products are high in fat content. The market for bakery products, sweets, and dessert items, and confectionery is anticipated to witness growth. Salatrim is a flavorless product so it does not change the taste and flavors of a food item and so it can be easily added to all food products.
Expounding the geographical ambit and competitive hierarchy of this market
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are the major benefactors to the expansion of this business sphere. Among these, Asia Pacific is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rising product adoption in the food industry, increasing health consciousness of individuals, and surging pervasiveness of lifestyle disorders like obesity.
The prominent players characterizing the competitive terrain of global salatrim market are CP Kelco, FMC Corporation Ltd., Penford Corporation Ltd., PGP Internationals, Cargill Inc., Advanced Food Systems Inc., Grain Processing Corporation, Ashland Inc., TIC Gums Inc., and Archer Daniels Midland Company.
The aforementioned companies are engaging in a wide array of business centric activities encompassing mergers & acquisitions, product launches, r&d investments, partnerships, and collaborations to diversify their product portfolio and meet their ultimate growth goals.
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