Rising Health Concerns to Boost Saudi Arabia Specialty Fats & Oils Market
Increasing gap between demand and supply of cocoa butter in food industry along with rising health concerns among people to drive demand for specialty fats & oils across Saudi Arabia through 2024 According to TechSci Research report, “ Saudi Arabia Specialty Fats & Oils Market By Type, By Form, By Functionality, By Application, Competition, Forecast & Opportunities, 2024” , Saudi Arabia specialty fats & oils market is forecast to reach $ 281 million by 2024 . Anticipated growth in the market can be attributed to increasing use of specialty fats and oils as a replacement for cocoa butter and other oils that are not healthy for cardiac health. Cocoa butter is widely used in various food industries such as chocolate, confectionery and bakery industry for molding, texturing and filling. However, supply of cocoa butter is constrained in Saudi Arabia along with its higher price, which is pushing end use industries to opt for cocoa butter alternatives. Browse 23 mark