Interesterified
oil is manufactured by modifying fatty acids that involve a chemical
reaction causing the rearrangement of the fatty acid chain. This
reduces the melting point and rancidification of the oil, making it
low in fatty acid content and also improving its functionality to a
great extent. It is mostly used in the food industry as a frying and
baking agent and its consumption is relatively healthy for the
cardiac patients. In the modified fats and specialty oils industry,
the interesterified oil market has gained considerable momentum
noting its health benefits. Beverages are also expected to boost the
growth of the interesterified oil market because of its wide usage in
nutritional beverages for patients experiencing involuntary weight
loss and recovering from illness.
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Interesterified
Oil Market: Segmentation
The
interesterified oil market is segmented on the basis of source and
end use.
On
the basis of source, the interesterified oil market is segmented as
palm oil, sunflower oil, canola oil and others. From the palm source,
it is sometimes obtained from the fruit or from palm kernel.
On
the basis of end use, the interesterified oil market is segmented as
food industry and personal care industry. The food industry is
further segmented as bakery, confectionary, dairy, snacks, cereals,
spreads, beverages, feed industry and others. The bakery and snacks
segment make up most of the market share in the interesterified oil
market. In confectionary, its usage is prominent in the chocolate
production. It is used for the manufacture of cocoa butter
equivalents (CBE). The others segment include its usage in the
chemical industry, as in the replacement for paraffin wax and in the
production of candle making.
Interesterified
Oil Market: Drivers, Restraints, and Trends
The
interesterified oil is widely used in the preparation of oil blends
and butter, especially margarine. Its tremendous application in the
food and personal care industry is an important factor in boosting
the growth of the interesterified oil market. Nowadays consumers are
more conscious of the ingredients used in the food products. The
buying habits of consumers are variably affecting the food
ingredients market. However, the market is saturated in most
countries and consumers are also opting more and more for substitutes
in the specialty fats and oils industry. The emergence of substitutes
like other partially hydrogenated oils may hinder the growth of the
market. Also, the interesterified oil is known to impart rancid
flavor to the food products, unlike other hydrogenated fats and oils.
The replacement of chemical interesterification by enzymatic
interesterification is the new trend in the oil industry. Enzymatic
interesterification is relatively economical as the production
require lower temperature, results in less oil loss and preserves the
quality of the oil. Both economic and qualitative benefits of the
interesterified oil are proving to be a key driving factor in the
growth of the interesterified oil market. Another driving factor for
the continuous growth of the interesterified oil market is that it is
a convenient raw material for the production of the food products.
Maintaining the stability and quality of the product with different
raw materials and yet avoiding fluctuations in the prices of the
final product is a difficult feat, and hence, the processing of oil
and obtaining interesterified oil as a raw material is feasible for
the oil manufacturers.
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Interesterified
Oil Market: Regional Outlook
In
North America, the continuous growth in the development of
substitutes of trans fat is indirectly boosting the growth of the
interesterified oil market. The demand for clean label products and
consumer sensitivity towards ingredients and fats included in food
products in both Europe and North America may affect the growth of
the interesterified oil market. In Asia Pacific, emerging new
technologies and tremendous market potential is fueling the growth of
the interesterified oil market. In the Middle East and Africa,
expansion in the food industry may boost the growth of the
interesterified oil market.
Interesterified
Oil Market: Key Players
- Intercontinental Specialty Fats SDN. BHD.
- Aak Kamani Private Limited
- Wilmar International
- Novozymes
- Willowton Group
- Yentop
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