Shortenings Market Size, Growth, Trends, Report and Forecast 2027
Global Shortenings Market is projected to propel at a rapid pace and witness a formidable CAGR during the forecast period 2023-2027. The market growth can be accredited to the increasing demand for process food products, flourishing food business and rising consumption of western cuisines. Shortening refers to a fat, solid at room temperature which is used to provide food a fresh and brittle texture. It primarily includes butter, soyabean, vegetable oil, margarine, and fat. It is usually made from vegetable oil, refined palm oil, or cotton seed. The global market has registers rapid adoption of shortening fats in a wide range of baked commodities such as cakes, pastries, and cookies, as they provide softness, texture, structural integrity and longer shelf life to the food product. Apart from this the expanding HORECA sector and the introduction of quick serving restaurants are acting as other major growth inducing factor for the market. The rapid expansion of such sectors is rapidly in