Interesterified Oils Market is to grow at a CAGR of 7.38% By 2030

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2021-10-27

Global interesterified oils market is expected to reach USD 587.32 million in 2028, from its recorded value of USD 330.01 million in 2020, growing with a CAGR of 7.38% during the forecast period.

Interesterification (IE) is the process of altering the properties of oils to restructure the fatty acids or include new fatty acids to produce oils suitable for use in food application. Interesterification can be performed through chemical or enzyme treatments. These oils have low trans fats and possess superior functional characteristics such as high stability and high melting properties. 

These oils are used in the formulation of food ingredients such as margarines, shortenings and finding a broad spectrum of applications in the food industry ranging from bakery and confectionery to dairy, snacks and processed cereal products. Interesterfied oils evolved as the effective alternative to hydrogenated oils owing to the low trans fat content over partially and fully hydrogenated edible oils

The potential benefits of IE edible oils over all other modified variants is promoting its consumption in production of bakery, confectionery and dairy products, thus resulting in market growth

Market Dynamics

Drivers

  • Low trans fat content in IE oils is widening its application
  • Ban on partially hydrogenated oils 

Restraints

  • Health related issues

Opportunities

  • Increasing usage of enzymatic interesterification
  •  Application of IE oils in personal care industry

Increasing usage of enzymatic interesterification

The replacement of chemical interesterification by enzymatic interesterification is the new trend in the oil industry

Enzymatic interesterification is relatively economical as the production requires lower temperature, results in less oil loss and preserves the quality of the oil. Both economic and qualitative benefits of the interesterified oil are providing new opportunities to key players

New opportunities are created specially in oil modification processes. The combined use of interesterification and fractionation, for example, is becoming a serious alternative to partial hydrogenation

 Application of IE oils in personal care industry

Application of interesterified oils in the cosmetics and personal care industry is likely to give opportunities to the market players. Interesterified oils can be widely used in products such as soaps and lipsticks

However, cost is a main barrier for this application but this provides an effective alternatives to existing oils in the personal care market   

Geographical Analysis

The Middle East and Africa interesterified oils market is likely to reach USD YY million in 2028, from its recorded value of USD 17.88 million in 2020, growing with a CAGR of 5.89% during the forecast period. Countries such as Saudi Arabia, Israel and the UAE are witnessing an increased demand for interesterified oils

The domestic demand for this oil has increased in recent times as food processors widely use this oil for frying and cooking purposes. Besides, an increasing number of companies are investing in major food processing facilities in the region. Many international firms are also eyeing collaborations with local producers to serve the regional demands

In Saudi Arabia, the inclination towards ready-to-eat food products and convenience food is increasing, which is likely to fuel the country’s interesterified oils demand. Various food companies are focusing on the development of “healthier” snacks in order to meet the changing demand of the customers. These meals will have lower calories, fat, salt and sugar, thereby attracting a large number of customers to opt for healthier ready-to-eat meals in Saudi Arabia

Iran (Islamic Republic of) has set a mandatory limit of 2% in cooking oils and 5% of fats/oils in other foods. Saudi Arabia limits the maximum content of vegetable oils and spreadable margarines to 2% of the total fat, with a 5% limit of total fat content for all other foods. Bahrain, Israel, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, and UAE require labeling of trans fat on packaged foods

South Africa has best practice mandatory limits on industrially-produced trans fat in foods, fats and oils since 2011. By contrast manufacturers in South Africa are not required to include trans fat content on labels

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For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

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Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866

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