The specialty fats market was valued at USD 1.96 Billion in 2016 and is projected to reach USD 3.66 Billion by 2023, growing at a CAGR of 9.4%. The specialty oils market was valued at USD 13.83 Billion in 2016 and is projected to reach USD 21.19 Billion by 2023, growing at a CAGR of 6.3%. The base year considered for the study is 2016 while the forecast period is from 2017 to 2023. The basic objective of the report is to define, segment, and project the global market size for specialty fats & oils on the basis of type, form, application, and region. It also helps to understand the structure of the specialty fats & oils market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders and providing a competitive landscape of market trends, analyzing the macro and microindicators of this market to provide factor analysis, and to project the size of the specialty fats & oils market.
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This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global specialty fats & oils market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research; some of the sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.
