Global Bakery Fats Market to Grow at 4.28% During 2024-2032, Propelled by Increasing Demand for Innovative Baked Goods

August 08, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled "Bakery Fats Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global bakery fats market is expected to grow at a CAGR of 4.28% during 2024-2032. Bakery fats are various hydrogenated fat- and oil-based ingredients that are widely incorporated in baked and confectionery products to enhance their flakiness, texture, and aroma. At present, they are broadly categorized into solid and liquid fat types. Amongst these, solid bakery fats include stick margarine, butter, lard, and shortening, whereas liquid products include various neutral flavored oils, such as vegetable and grape seed. These components assist in providing an impervious layer to products, modifying batter aeration, manipulating dough size, ensuring better dough plasticity, and maintaining the chemical, physical and nutritional properties of baked goods. Along with this, bakery fats perpetuate the baking process, offer improved resistance to staling, and impart a creamy sensation, richness, and tenderness. As a result, they are used in several confectionery products, such as short pastries, cakes, bread, buns, rolls, and cookies.

Global Bakery Fats Market Trends:

The rapid expansion in the food and beverage (F&B) sector and the increasing consumption of baked and confectionery products, owing to their various health benefits and nutritional profile, are some of the factors primarily driving the market growth. This can be further attributed to the rising need for ready-to-eat (RTE), convenient food products due to evolving consumer preferences, changing dietary patterns, and hectic lifestyles. In line with this, the continuous establishment of bakeries, quick-service restaurants (QSRs), and confectionery shops are further supplementing product demand. Additionally, manufacturers are introducing innovative product variants with enhanced quality to formulate premium baked goods, which, in turn, is contributing to the market growth. Moreover, significant technological advancements, such as the extensive utilization of emulsifiers, oil storage systems, and pasteurization units that aid in preparing several bakery fats in batches without affecting product quality, are propelling the market growth. Furthermore, the adoption of online distribution channels by manufacturers to sell bakery fats over brick-and-mortar shopping to expand their reach, especially during the COVID-19 pandemic, is positively stimulating the market growth. Apart from this, the large-scale implementation of aggressive marketing strategies, including celebrity endorsements, and strategic collaborations amongst key players to enhance product efficacy are creating a positive outlook for the market.

Market Summary:

  • Based on the product type, the market has been segregated into margarine, shortening, bakery oils, and others.
  • On the basis of the distribution, the market has been segmented direct sales, supermarkets and hypermarkets, online stores, retail stores, and others.
  • Based on the end use, the market has been bifurcated into commercial and residential.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the industry has also been examined, with some of the key players being AAK (UK) Limited, Cargill, ConAgra, CSM Bakery Solutions, Fuji Oil Co. Ltd., Goodman Fielder, Premium Vegetable Oils Sdn Bhd, Unilever, Wilmar International, etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Distribution, End-Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AAK (UK) Limited, Cargill, ConAgra, CSM Bakery Solutions, Fuji Oil Co. Ltd., Goodman Fielder, Premium Vegetable Oils Sdn Bhd, Unilever and Wilmar International
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Bakery Fats Market to Grow at 4.28% During 2024-2032, Propelled by Increasing Demand for Innovative Baked Goods
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More