Shortening Fat Market - Growth, Trends and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||613148|
|出版日期||內容資訊||英文 109 Pages
|全球起酥油市場:成長，趨勢，預測(2018年∼2023年) Shortening Fat Market - Growth, Trends and Forecasts (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 109 Pages||
The global fat shortening market is projected to grow at a CAGR of 4.76% during the forecast period (2020 - 2025).
Growing Processed Food Industry Drives the Market for Shortening Fats
The growing processed food industry drives the market for shortening fats. Processed food products, like pasta and noodles, are consumed in several countries as a staple food. Hectic lifestyles and the need for leisure has propelled the need for convenient food products. Dried ready meals, dried noodles and pasta, and several other processed food products require less preparation time. Shortening fats are extensively used in bakery products due to its number of functional benefits such as improving elasticity, have a higher smoke point and has a higher shelf life. Bakery manufacturers prefer to use fat shortenings in most of its products, not only because of functional benefits but also as it is processed very low when compared to other alternatives.
North America holds the Major Share of the Market
North America holds the major share of the market followed by Europe, owing to the well-established bakery industry in the regions. Consumers are now tending towards "healthy eating" especially in the freshly baked commodities such as bread, cake, pies, etc. Asia-Pacific accounts for significant share for shortening and coating fats market, owing to the large consumption of confectionery products significant share of the confectionery industry in the region as compared to other regions. South America market for shortening and coating fats is anticipated to pace up during the forecast period with the growing confectionery industry in the region. Middle East & Africa market is expected to account for the lowest share in the global shortening and coating fats market.
The companies are expected to expand their business by enhancing their product portfolio in the global shortening fat market. The companies are projected to frame certain strategies in the future to gain a competitive advantage in the global shortening fat market during the forecast period. Some of the major key players in the fat shortening market, globally include Bunge North America, Inc., Yidiz Holding (Eksper Food), Namchow Chemical Industrial Co., Ltd, FUJI OIL CO., LTD., Cargill, among others.