Vegetable shortenings are solid fats produced by hydrogenating vegetable oils such as soy oil or cottonseed oil. These shortenings are healthier alternatives to butter and lard for baking and grease purposes. Vegetable shortenings display similar properties to butter and lard in terms of preserving the solid texture at room temperature but are void of any kind of taste or smell.
MARKET DYNAMICS
The global vegetable shortenings market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to the increasing demand for low-calorie food products is expected to generate business opportunities for vegetable-reducing market players. The exceptional growth rate of the global bakery industry would further stimulate the growth of the sector. The main factors driving the market are evolving consumer food preferences, increasing demand for healthier baking products, and understanding of the health benefits of vegetable cuts. Alternatives such as butter and lard will pose a slight constraint, but the fact that vegetable shortenings are high in trans-fat may pose an even greater obstacle to consumer development over the forecast period.
MARKET SCOPE
The "Global Vegetable Shortenings Market Analysis to 2028" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vegetable shortenings market with detailed market segmentation by form, application and geography. The global vegetable shortenings market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading vegetable shortenings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegetable shortenings market is segmented on the basis of form and application. Based on form, the global vegetable shortenings market is segmented into dry and liquid. Based on application, the market is bifurcated into bakery and confectionery, sweet and savory snacks, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vegetable shortenings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vegetable shortenings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegetable shortenings market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vegetable shortenings market in these regions.
MARKET PLAYERS
The reports cover key developments in the vegetable shortenings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Vegetable shortenings market are anticipated to lucrative growth opportunities in the future with the rising demand for Vegetable shortenings in the global market. Below mentioned is the list of few companies engaged in the Vegetable shortenings market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Vegetable shortenings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Al-Khaleej Industries Sdn Bhd.
- Archer Daniels Midland Company
- Associated British Foods plc
- Bunge North America, Inc.
- IFFCO
- Manildra Group
- Ruchi Soya
- THE J.M. SMUCKER COMPANY
- Wilmar International Ltd
- Cargill, Incorporated
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