Bakery Fats Market Top Companies, Trends and Future Details for Business Opportunity 2023-2028

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Global Bakery Fats Market Research Report:

The latest report by IMARC, titled “ Bakery Fats Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-202 8

” " the global bakery fats market is expected to grow at a CAGR of 4.7% during . 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.

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Global 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.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

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

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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

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• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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Competitive Landscape with Key Players:

Cargill

ConAgra

CSM Bakery Solutions

Fuji Oil Co. Ltd.

Goodman Fielder

Premium Vegetable Oils Sdn Bhd

Unilever

• Wilmar International

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