Shortenings Market Size, Share, Outlook, and Opportunity Analysis, 2019-2027

 

Shortenings Market

To give food a crusty, crumbly, and flaky texture, shortenings are a form of fat that is solid at room temperature. Shortening is mostly used in bakery & confectionery, nibbles & savoury goods, and can be manufactured from a partial or full vegetable source, such as oil extracted from palm, soybean, or cottonseed. Unsaturated, saturated, and trans fats are all included in shortening, which also has a lot of calories. The Shortenings Market is anticipated to be driven by the expanding processed food industry. The Shortenings Market for bakery foods is expanding as a result of affordability, ease of availability, convenience, and health benefits.

The Global Shortenings Market Was Valued At US$ 3,835.2 Mn In 2018, And Is Expected To Register A CAGR Of 3.2%, In Terms Of Revenue Over The Forecast Period (2019-2027), To Reach US$ 5,051.7 Mn By 2027.

Additionally, it is predicted that rising demand for bakery and confectionery products would foster the expansion of the target market because of their functional advantages, such as improved elasticity and a longer shelf life. Alternatives like butter and stringent regulatory guidelines on the use of unsaturated fatty acids in food products, however, may impede the expansion of the Shortenings Market. The FDA concluded in 2015 that ingestion of unsaturated fatty acids is not a safe food addition due to potential health risks.

Recent trends in the Shortenings Market show that the food processing sector is concentrating on reducing trans fats and giving products better textures. One of the main elements boosting demand for the Shortenings product is the shortening fat's low-trans-fat content. People are switching their preferences to consume low-calorie foods because over consumption of high-calorie shortening causes health issues and cardiovascular ailments.

·        The oil sector is anticipated to hold a sizeable proportion of the worldwide Shortenings Market among the Ingredient type segments.

·        Vegetables are predicted to be the market leader among the source segments over the projection period.

·        The solid category is predicted to contribute the most revenue to the global Shortenings Market among the form segments.

·        The Shortenings Market is dominated by the bread and confectionery application segment.

·        The indirect distribution channel is anticipated to have a significant revenue share in the Shortenings Market.

 

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