DAIRY FREE SHORTENING MARKET ANALYSIS
The global dairy free shortening market was valued at US$ 22.6 Bn in 2022, and is expected to exhibit a CAGR of 6.8%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 35.8 Bn by 2030.
Market Trends
Growing popularity for plant-based diets
In recent years, there has been a significant increase in the number of people adopting plant-based diets such as coconut milk, almond milk, etc., resulting in an increase in the demand for dairy free shortening products
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