Global Specialty Fats And Oils Market Size, Share, and Trends by Type (Cocoa Butter Equivalent, Cocoa Butter Substitute, Cocoa Butter Replacer, Palm Oil, Soybean Oil, Coconut Oil, Others), by Application (Chocolates & Confectioneries, Bakery products, Processed foods, Dairy products), And by Geography – Forecast From 2025 To 2030

Specialty Fats and Oils Market Size:

The Specialty Fats and Oils Market is expected to grow from US$22.468 billion in 2025 to US$31.938 billion in 2030, at a CAGR of 7.29%.

Specialty fats & oils are designed to meet the specific requirements of end-use applications such as in the production of confectionery, bakery items, dairy products, chocolates, fillings, and spreads. It provides excellent elasticity, gloss retention, and fat crystallization at a lower viscosity and is used as an alternative to saturated fats. The Global Specialty Fats & Oils Market is expected to have a significant market share due to an increase in the consumption of confectionery and processed food.

Growing concern over the use of healthy fats and the gap between the demand and supply of cocoa butter is expected to drive the market growth. However, the side effects of excessive consumption can be a restraint for market growth. By type, Palm Oil is estimated to have a considerable market share due to its wide availability. By application, the bakery products segment is expected to have a significant market share due to the high demand for these products, particularly in North America and European nations. By geography, the Asia Pacific region is expected to have significant market growth due to an increase in demand for processed food products.

Specialty Fats and Oils Market Drivers:

• Increase in the consumption of confectionery and processed food
• Growing concern over the use of healthy fats
• The gap between the demand and supply of cocoa butter

Specialty Fats and Oils Market Restraints:

• Side-effects of excessive consumption

Specialty Fats and Oils Market Scope:

Report Metric	Details
Study Period	2021 to 2031
Historical Data	2021 to 2024
Base Year	2025
Forecast Period	2026 – 2031

 

Report Metric	Details
Specialty Fats and Oils Market Size in 2025	US$22.468 billion
Specialty Fats and Oils Market Size in 2030	US$31.938 billion
Growth Rate	CAGR of 7.29%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Specialty Fats and Oils Market	Cargill Olam International Wilmar International Bunge AAK AB
Customization Scope	Free report customization with purchase

 

The global specialty fats & oils market is analyzed into the following segments:

By type

• Cocoa Butter Equivalent
• Cocoa Butter Substitute
• Cocoa Butter Replacer
• Palm Oil
• Soybean Oil
• Coconut Oil
• Others

By application

• Chocolates & Confectioneries
• Bakery products
• Processed foods
• Dairy products

By Geography

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others