Dairy-free shortening is made from animal fat or vegetable oil that has been partially or completely hydrogenated. Owing to its low melting point, dairy-free shortening improves the freshness, volume, and quality of its products. Numerous advantages of shortening in the preparation of baked confectionery products, such as its health benefit and replacement of dairy products, high melting point, and low cholesterol, have attracted confectionery product manufacturers, Increasing demand for Dairy-free bakery & confectionery products are helps to drive the global Dairy-free Shortening market.
Market Dynamics
Consumers are increasingly opting for cruelty-free items such as meat and dairy substitutes, including dairy-free shortening, as a result of rising health awareness and sustainability concerns.
Coconut oil is a great plant-based shortening substitute. At room temperature, it is solid, and can be melt or beat it just like butter or shortening. It also has a similar texture and is vegan. It can be used in place of dairy products, but baked goods will likely taste like coconut. As a result increasing in demand for coconut oil is expected to drive the growth of global dairy free shortening market.
Cross-contamination of raw materials could hinder the market growth trajectory over the forecast period, affecting dairy-free product sales. Furthermore, the relatively high prices of dairy-free products limit the sales potential and may stifle the growth of the dairy-free shortening market.
Key market players are focusing on product launches, product expansions, mergers, acquisitions, and partnerships in order to expand their business in the market. For instance, in February 2019, Nature Fresh Professional (a supplier of bakery shortenings and margarines) launched its wide range of shortening products across Kerala Market in India. The company offers Elite-Supreme-Select-Delight-Classic- and also a range of Margarine such as Champion, Master, and Genius. The company has a clear vision to provide good quality ingredients to the bakers. Making this launch more engaging, educative, and interactive, the brand organized a technical session with Thiruvananthapuram- and Kozhikode-based bakers.
Key features of the study:
Detailed Segmentation:
*” marked represents similar segmentation in other categories in the respective section.
Global Dairy Free Shortening Market Detailed Segmentation:
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