Global Bakery Fats Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bakery Fats Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bakery fats are premium fat-based products which possesses a wide range of specialty fats which are used in producing with high texture and taste which imparts richness, tenderness and flakiness.

Market Overview:

The latest research study on the global Bakery Fats market finds that the global Bakery Fats market reached a value of USD 6008.27 million in 2022. It’s expected that the market will achieve USD 7963.72 million by 2028, exhibiting a CAGR of 4.81% during the forecast period.

Strength

Wide range of applications.
Excellent product performance.

Weakness

Rising raw material prices.
Now people are more health conscious and tend to choose more healthy. choices in meals and snacks terms.

Opportunity

Bread industry's increased demand for bread fat for various baked products.
Increase in the number of confectionery products based on bread fat.

Threat

Intense competition.
Products are easy to followed.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Wilmar International is one of the major players operating in the Bakery Fats market, holding a share of 13.55% in 2019.

Wilmar International Ltd. is an agribusiness company. The Company is involved in oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals and biodiesel manufacturing, and grains processing and merchandising. Wilmar also manufactures and distributes fertilizers and owns a fleet of vessels.

Cargill, Incorporated, through its subsidiaries, engages in the businesses of food, agriculture, financial, and industrial products and services worldwide. It develops and supplies animal nutrition and feed ingredient solutions for feed manufacturers, retailers, and livestock producers; originates, processes, and distributes grains, oilseeds, and other agricultural commodities; produces and markets biodiesel and ethanol from a range of feedstocks; and provides farmer services, such as grain marketing, crop protection/inputs, agronomy advisory, growing programs, and silo management.

Segmentation Overview:

Among different product types, Shortening segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Supermarket/Hypermarket segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bakery Fats market covered in Chapter 3:

Mewah
Sime Darby Hudson & Knight
FELDA IFFCO
Premium Vegetable Oils
AAK
Vandemoortele
AAK KAMANI PRIVATE
Wilmar International
Apical Group
CSM Bakery Solutions
Peerless Foods
Cargill

In Chapter 4 and Chapter 14.2, on the basis of types, the Bakery Fats market from 2018 to 2029 is primarily split into:

Margarine
Shortening
Bakery Oils
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bakery Fats market from 2018 to 2029 covers:

Supermarket/Hypermarket
Online Stores
Retail Stores
Grocery/convenience
Discounters
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)