According to IMARC Group’s latest report, titled “Bakery Fats Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global bakery fats market is expected to exhibit a CAGR of 4.9% during 2022-2027.
Bakery fats are various hydrogenated fat- and oil-based ingredients that are widely incorporated in baked and confectionery products to enhance their flakiness, texture, and aroma. At present, they are broadly categorized into solid and liquid fat types. Amongst these, solid bakery fats include stick margarine, butter, lard, and shortening, whereas liquid products include various neutral flavored oils, such as vegetable and grape seed. These components assist in providing an impervious layer to products, modifying batter aeration, manipulating dough size, ensuring better dough plasticity, and maintaining the chemical, physical and nutritional properties of baked goods. Along with this, bakery fats perpetuate the baking process, offer improved resistance to staling, and impart a creamy sensation, richness, and tenderness. As a result, they are used in several confectionery products, such as short pastries, cakes, bread, buns, rolls, and cookies.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bakery Fats Market Trends:
The rapid expansion in the food and beverage (F&B) sector and the increasing consumption of baked and confectionery products, owing to their various health benefits and nutritional profile, are some of the factors primarily driving the market growth. This can be further attributed to the rising need for ready-to-eat (RTE), convenient food products due to evolving consumer preferences, changing dietary patterns, and hectic lifestyles. In line with this, the continuous establishment of bakeries, quick-service restaurants (QSRs), and confectionery shops are further supplementing product demand. Additionally, manufacturers are introducing innovative product variants with enhanced quality to formulate premium baked goods, which, in turn, is contributing to the market growth. Moreover, significant technological advancements, such as the extensive utilization of emulsifiers, oil storage systems, and pasteurization units that aid in preparing several bakery fats in batches without affecting product quality, are propelling the market growth. Furthermore, the adoption of online distribution channels by manufacturers to sell bakery fats over brick-and-mortar shopping to expand their reach, especially during the COVID-19 pandemic, is positively stimulating the market growth. Apart from this, the large-scale implementation of aggressive marketing strategies, including celebrity endorsements, and strategic collaborations amongst key players to enhance product efficacy are creating a positive outlook for the market.
Bakery Fats Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the bakery fats market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AAK (UK) Limited,
- Cargill,
- ConAgra,
- CSM Bakery Solutions,
- Fuji Oil Co. Ltd.,
- Goodman Fielder,
- Premium Vegetable Oils Sdn Bhd,
- Unilever,
- Wilmar International, etc.
Key Market Segmentation:
The report has segmented the global bakery fats market on the basis of product type, distribution, end-use and region.
Breakup by Product Type:
- Margarine
- Shortening
- Bakery Oils
- Others
Breakup by Distribution:
- Direct Sales
- Supermarkets and Hypermarkets
- Online Stores
- Retail Stores
- Others
Breakup by End-Use:
- Commercial
- Residential
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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