Bakery Fats Market Share, Size, Growth, Demand and Forecast Till 2026: IMARC Group

According to the latest report by IMARC Group, titled “Bakery Fats Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bakery fats market reached a strong growth in 2020.

Bakery fats refer to various specialty fat and oil-based products used to enhance the texture, flavor, and aroma of the confectionery products. Some of the common product variants include margarine, vegetable oil, butter blends, shortening, functional fats, etc. Bakery fats are utilized for improving batter aeration, dough elasticity, and resistance against staling in bakery items. They are mainly adopted in the production of pastries, short pastries, cakes, bread, croissants, etc.

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A significant growth in the food processing sector, along with the rising influence of western food trends, particularly across the emerging economies, is propelling the demand for bakery fats. Additionally, the increasing number of foodservice companies supported by the wide availability of numerous bakery product ranges are also catalyzing the global market. Additionally, a rising presence of artisanal bakery shops and patisseries that offer several varieties of cakes, tarts, pastries, macrons, pies, etc., is further driving the product demand. Besides this, several key players are focusing on the development of high-quality bakery fats for adding rich taste and texture to bakery products. All of the above-mentioned factors will continue to drive the global market for bakery fats in the coming years. Looking forward, IMARC Group expects the global bakery products market to exhibit moderate growth during 2021-2026.

Competitive Landscape with Key Players:

• AAK (UK) Limited

• Cargill, ConAgra

• CSM Bakery Solutions

• Fuji Oil Co. Ltd.

• Goodman Fielder

• Premium Vegetable Oils Sdn Bhd

• Unilever

• Wilmar International

Market Segmentation:

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:

• North America

  • United States

  • Canada

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

• Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Others

• Latin America

  • Brazil

  • Mexico

  • Others

• Middle East and Africa

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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