Shortenings Market to Grow at a CAGR of 4.7% During the Forecast Period 2020-2025
Increasing Demand of Bakery and Confectionery Products and Increasing Consumption of Snacks Are Some Factors Driving the Growth of Shortenings Market
BriefingWire.com, 12/17/2020 - Shortenings Market size in 2019 is estimated to be $ 4,053 million, growing at a CAGR of 4.7% during the forecast period 2020-2025. Shortening is a solid vegetable fat that is typically made by hydrogenating, or solidifying vegetable oils. Shortenings can be considered as an important ingredient of baking. It is used in baking to help make products crumbly, flaky and tender. Growing demand for bakery and confectionery products and increasing consumption of fat-free food products are the major factors driving the growth of the market.