Changing lifestyle of the individuals contributes to the Shortenings MarketPosted by Shiva on December 27th, 2019 Shortenings Market Overview: Shortenings can be known as a significant ingredient of baking. Due to this significance, the shortenings market is improving in the global market because the food and beverages market is developing. The rising popularity of the baking products in the worldwide market and the easy availability of the shortenings boost the expansion of the market in the future years. Shortening market was valued at USD 3.76 billion in 2018 and expected to rise at a compound annual growth rate (CAGR) of 5.1% to reach USD 4.82 billion by 2023. Market drivers and restraints: The rising call for the products that are low at calorie content globally offers new promising opportunities for the market players in the next coming years. The increasing application base of the baking ingredients triggers the global shortenings market. In recent years, there has been an increase in the call for the bakery product due to its rising popularity, fueling the market expansion worldwide. The other factors that are contributing to the market expansion are rising disposable income and the changing lifestyle of the individuals. View Full Report @ https://www.marketdataforecast.com/market-reports/shortenings-market Report segmented as: By major ingredients:
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Geographical analysis: Asia Pacific region is leading the shortenings market in terms of both value and volume. The key contribution from the countries like Indonesia, Malaysia, China, and India is expected to boost the market expansion in the future. Request free sample report @ https://www.marketdataforecast.com/market-reports/shortenings-market/request-sample Important market players: Some of the major players that are operating in the shortenings market are Archer Daniels Midland Company, AAK AB, Bunge Limited, Manildra Group, Ventura Foods, LLC, International Foodstuff Company Holdings Limited, Cargill, Wilmar International Limited, Associated British Foods, and ConAgra Brands. Rewu The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |