Global Low Fat Spreadable Fats Market Size (2023 – 2030)

The Global Low Fat Spreadable Fats Market was esteemed at USD 1 Billion in 2022 and is projected to reach a value of USD 1.49 Billion by 2030, growing at a fast CAGR of 5.1% during the forecast period 2023-2030.

In the food industry, the market for low-fat spreadable lipids that cater to health-conscious customers is rapidly growing. These products are designed to have fewer calories and fat grams while still smelling and feeling like classic spreads like butter and margarine. This paper will discuss market trends, market driving factors, and problems facing this market segment.

Spreadable low-fat fats are preferred by food manufacturers due to their adaptability and convenience as well as their benefits for the environment and health. They can be used in a wide range of food products, from baked goods to spreads and dips, and are offered in a variety of flavours and formulations to suit different customer preferences. Due to arising consumer demand for healthier and more ecologically friendly food options, the market for low-fat spreadable fats in the food industry is arising rapidly. Despite some challenges, the market has a positive outlook and is projected to grow in the years to come as more consumers search for ways to reduce their intake of fat and support more active lifestyles. 

Global Low Fat Spreadable Fats Market Drivers:

Increasing Consumer Awareness about Health and Wellness is driving market expansion.

One of the key factors escalating the market for low-fat spreadable fats is the rising customer awareness of health and well-being. Customers will select healthier spreads and toppings in point of the traditional ones as they become more health aware. They worry that eating foods rich in fat will harm their health and cause obesity, heart disease, and other complications. As a result, there is an increase in customers’ desire for low-fat and healthier food products, such as low-fat spreadable fats. Customers can now experience the essence and consistency of traditional spreads while consuming less fat thanks to the availability of low-fat spreadable fats, which is an important factor in the market's expansion.

The rising Prevalence of Obesity and Related Health Issues is augmenting the demand for low-fat spreadable fats market

The market for low-fat spreadable lipids is primarily propelled by the rising prevalence of obesity and the resulting health issues. Obesity is a significant issue for global health because it is linked to a variety of conditions, consisting of diabetes, heart disease, and cancer. In order to address this problem, nutritionists advise people to consume less fat and develop healthier eating habits. The need for low-fat dietary products, such as low-fat spreadable lipids, is arising as a consequence. Customers are searching for healthy spreads and garnishes as they become more conscious of the harmful effects that eating fatty foods has on their health. The demand for low-fat spreadable fats is projected to rise in the future years due to this trend, making them a significant market element.

Global Low Fat Spreadable Fats Market Challenges:

At the present, one of the biggest challenges facing the worldwide market for low-fat spreadable fats is the arising consumer preference for natural and whole foods. The demand for low-fat spreadable fats that contain artificial ingredients and additives may decrease as consumers become more health-conscious and prefer minimally processed products with clean labels. Manufacturers of products that depend on these ingredients might find it difficult to achieve the desired flavour and texture. Spreadable fats drawn from animal sources with low-fat contents may become less popular as the popularity of plant-based diets increases.

Global Low Fat Spreadable Fats Market Opportunities:

Due to the arising need for more efficient and healthy breakfast choices, there is an ample market opportunity for the worldwide low-fat spreadable fats sector. Due to their busy calendars and escalating awareness of the significance of a healthy diet, customers are looking for quick and filling breakfast choices. Low-fat spreadable fats that are lush in protein, low in calories, and free of artificial components may cassation to customers looking for an easy and wholesome breakfast spread. Because of this appetite, producers now have the chance to create innovative, brand-new goods.

COVID-19 Impact on Global Low Fat Spreadable Fats Market:

The global market for low-fat spreadable fats has been impacted by the COVID-19 pandemic in both good and negative ways. The pandemic has disrupted supply chains, which has caused a shortage of raw materials and a rise in shipping expenses. The closure of restaurants and other food preparation industries has resulted in a decline in the market for some spreadable low-fat products. The pandemic has fortunately increased consumer volition for healthy food options as people become more health conscious. Along with the rise in home baking and cooking during lockdowns, the demand for low-fat spreadable lipids for use in kitchens has grown. A larger market has opened up for producers thanks to the rise of internet shopping portals during the pandemic.

Global Low Fat Spreadable Fats Market Recent Developments:

• In November 2022, BZ Group and Bunge announced a strategic partnership. The partnership aims to combine BZ's local expertise with Bunge's global reach.
• In January 2021, the brand-new product from the company is JIF Natural Squeeze Creamy Peanut Butter Spread. 90% of peanuts are a component of the new spread, which is devoid of additives and GMOs. Along with tasting fantastic when eaten direct from the pouch with apples, celery, or carrots, it blends readily in smoothies, cookies, and other foods. JIF Natural Squeeze Creamy Peanut Butter Spread will be sold in a few stores and online beginning this month. It is straightforward to use for the entire household. The item is a valuable asset to the JIF Brand due to its exceptional blend of creativity and ease.

LOW FAT SPREADABLE FATS MARKET REPORT COVERAGE:

Global Low Fat Spreadable Fats Market Segmentation:

Global Low Fat Spreadable Fats Market Segmentation: By Product Type

• Butter
• Margarine
• Others (cream cheese, dips, etc.)

The low-fat spreadable lipids market can be broken down into three categories based on product: butter, margarine, and others (cream cheese, dips, etc.). Margarine holds the largest market share because it is less expensive and has a longer storage life than butter. The demand for products made from plants has grown along with the popularity of margarine made from vegetable oils. Customers prefer butter over margarine despite it being less popular because of its robust, natural taste. The "others" group includes a range of products, such as cream cheese and dips, which are gaining popularity as wholesome and useful snack options. As customers desire healthier breakfast options, the market for low-fat spreadable fats is anticipated to expand; margarine and other spreadable products are anticipated to hold the largest market shares.

Global Low Fat Spreadable Fats Market Segmentation: By Source

• Plant-based
• Animal-based

Vegan and vegetarian diets are becoming more and more common, and it is predicted that the plant-based segment will escalate at the fastest rate. Customers who prefer healthy and more ecologically friendly products favour plant-based low-fat spreadable fats made from oils like canola, soybean, and olive. Products like butter and ghee, which consumers prefer for their robust flavour and all-natural components, are at the forefront of the animal-based industry. However, consumers are gravitating more and more towards plant-based choices due to worries about animal welfare and the effects of animal-based products on the environment. As the demand for healthier and more sustainable food items rises, it is anticipated that the plant-based category will account for the largest share of the market in the upcoming years.  

Global Low Fat Spreadable Fats Market Segmentation: By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retailers
• Others (Specialty stores, etc.

The market for low-fat spreadable fats can be segmented worldwide based on the distribution channel, which consists of supermarkets and hypermarkets, convenience stores, online retailers, and others (specialty stores, etc.). Supermarkets and hypermarkets predominate in the market because they provide a wide selection of goods at competitive rates. Convenience stores are also arising in popularity as a result of their ease and practicality. Online retailers are expanding significantly as a result of increasing internet usage and a preference for online shopping. Specialty retailers like health food stores are expected to expand as a result of rising health concerns and consumer demand for healthier food options. Overall, it is anticipated that the market for low-fat spreadable fats will continue to expand steadily due to rising health awareness and demand.

Global Low Fat Spreadable Fats Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on location, there are four categories that can be used to categorise the low-fat spreadable lipids market: North America, Europe, Asia Pacific, and the Rest of the World. In Europe, where there is a rising demand for plant-based foods and an increasing number of health-conscious consumers, there is a large market for low-fat spreadable fats. North America, where there is a significant demand for healthier food options and domestic cooking is propelling in popularity, holds the second-largest market share. The Asia Pacific area is projected to escalate significantly in the forecasted years as a result of a growing population and increased awareness of the health benefits of low-fat spreadable fats. The biggest market share is anticipated to be held by Europe in the upcoming years, followed by North America and Asia Pacific.

Global Low Fat Spreadable Fats Market Key Players:

1. Nestlé S.A.
2. Unilever N.V.
3. The J.M. Smucker Company
4. Conagra Brands, Inc.
5. Kerry Group PLC
6. Bunge Limited
7. Upfield Holdings B.V.
8. Dairy Farmers of America, Inc.
9. Lactalis Group
10. Royal FrieslandCampina N.V.