Dairy Free Shortening Trends and Forecast
The future of the global dairy free shortening market looks promising with opportunities in the household and commercial markets. The global dairy free shortening market is expected to reach an estimated $35.5 billion by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are growing awareness of dairy allergies and lactose intolerance and significantly rising foodservice industry across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dairy Free Shortening by Segment
The study includes a forecast for the global dairy free shortening by product type, application, and region.
Dairy Free Shortening Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Beverage
• Milk
• Dairy-Free Kefir
• Bakery Product
Dairy Free Shortening Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Household
• Commercial
Dairy Free Shortening Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dairy Free Shortening Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dairy free shortening companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dairy free shortening companies profiled in this report include-
• Groupe Danone
• The Hein Celestial
• The Whitewave Foods
• Good Karma Foods
• GraceKennedy
• Blue Diamond Growers
• SunOpta
Dairy Free Shortening Market Insights
Lucintel forecasts that beverage is expected to witness the highest growth over the forecast period.
Within this market, household will remain the larger segment due to growing health concern about cholesterol levels and cardiovascular disease among people.
North America is expected to witness highest growth over the forecast period.
Features of the Global Dairy Free Shortening Market
Market Size Estimates: Dairy free shortening market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dairy free shortening market size by product type, application, and region in terms of value ($B).
Regional Analysis: Dairy free shortening market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the dairy free shortening market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dairy free shortening market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dairy free shortening market size?
Answer: The global dairy free shortening market is expected to reach an estimated $35.5 billion by 2030.
Q2. What is the growth forecast for dairy free shortening market?
Answer: The global dairy free shortening market is expected to grow with a CAGR of 6.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dairy free shortening market?
Answer: The major drivers for this market are growing awareness of dairy allergies and lactose intolerance and significantly rising foodservice industry across the globe.
Q4. What are the major segments for dairy free shortening market?
Answer: The future of the dairy free shortening market looks promising with opportunities in the household and commercial markets.
Q5. Who are the key dairy free shortening market companies?
Answer: Some of the key dairy free shortening companies are as follows:
• Groupe Danone
• The Hein Celestial
• The Whitewave Foods
• Good Karma Foods
• GraceKennedy
• Blue Diamond Growers
• SunOpta
Q6. Which dairy free shortening market segment will be the largest in future?
Answer: Lucintel forecasts that beverage is expected to witness the highest growth over the forecast period.
Q7. In dairy free shortening market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dairy free shortening market by product type (beverage, milk, dairy-free kefir, and bakery product), application (household and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dairy Free Shortening Market, Dairy Free Shortening Market Size, Dairy Free Shortening Market Growth, Dairy Free Shortening Market Analysis, Dairy Free Shortening Market Report, Dairy Free Shortening Market Share, Dairy Free Shortening Market Trends, Dairy Free Shortening Market Forecast, Dairy Free Shortening Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.