Biscuit Shortening Flakes Market Forecast and CAGR
According to the latest study by the Fact.MR the market for biscuit shortening flakes is predicted to grow with a CAGR of 6.3% in the forecasted era.
One of the prominent factors endorsing the growth of biscuit shortening flakes is the rising demand for bakery products in the food and beverage market globally.
Additionally, the demand for convenient and ready-to-eat food products has risen dramatically as a result of people's hectic lifestyles catering for growth in the biscuit shortening flakes market.
Increasing Demand from the Bakery Industry for Biscuit Shortening Flakes Product
Around the last several years, there has been an increasing demand for convenience food all over the world. Fried and baked food, such as hotdogs, pastries, burgers, and croissants, are preferred as an all-day snack choice by consumers, particularly millennials.
To meet the ever-increasing demand for fried and baked snacks, food stores across Europe have opened in-store bakeries.
The worldwide food industry is seeing an increase in demand for baked goods including bread and biscuits, which is driving the biscuits shortening flakes market.
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What is driving the Growth of Biscuit Shortening Flakes Market?
Snacking is becoming more popular after the pandemic started as individuals had to spend more time indoors than ever; while with the rising health consciousness ness light snacks, particularly biscuits, have become a household staple.
The increased use of biscuits as a snacking alternative increases the demand for substances that serve to improve the qualities of biscuits.
Additionally, Manufacturers are increasingly interested in biscuit shortening flakes because of their ability to avoid the creation of gluten matrix in baked items like biscuits.
Biscuit shortening flakes are solid flakes of specialty shortening that can be used to add flakiness to biscuits as well as pizza crusts and dinner rolls.
Moreover, because of inventive packaging, new flavors, forms, and technologies, biscuit demand is on the rise. Demand for healthful snacks is growing, as is per capita income.
Consumption in developing countries is also a driving force in the Market for biscuit shortening flakes worldwide. Supermarkets are becoming increasingly common. As well as hypermarkets, has resulted in a rise in the visibility of the biscuit shortening flakes that are readily available on the market
The US and Canada Demand Outlook for Biscuit Shortening Flakes market
North America is predicted to hold a significant share of the biscuit shortening flakes market in the forecasted period.
Increasing technological advancements and R&D initiatives in the US and Canada by leading manufacturers also led to major advances.
Biscuit shortening flakes production has increased in tandem with the product demand, and the product has established a solid foothold in people's diet of US and Canada, particularly in children's meals.
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Europe Biscuit Shortening Flakes market Outlook
Europe holds a significant share of the biscuit shortening flakes market. The availability of biscuit shortening flakes containing functional components such as wheat and oats, honey, multi-grains, and other natural ingredients appeals to health-conscious consumers in the region who prefer biscuit shortening flakes as a healthy snacking alternative.
Additionally, due to the strong demand for beneficial ingredients used in the manufacturing of biscuits, the wheat segment is likely to lead the market, while the multi-grain and oats segments are expected to rise significantly.
Asia Pacific Biscuit Shortening Flakes market Outlook
In the Asia Pacific, India and China are the two primary countries with significant population growth. The expanding economy and improved lifestyles are two of the key factors driving the biscuit shortening flakes industry forward.
Additionally, rising food demand and a growing young population in the region are expected to propel the Asia Pacific biscuit shortening flakes market forward.
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Biscuit Shortening Flakes market: Key Players
Some key manufacturers operating the business in the biscuit shortening flakes market globally include
- Kellogg Company
- Steck Foods
- Cargill Inc.
- Walkers Shortbread Ltd
- Nestlé UK Ltd.
- Britannia, Mondelez International, Nestlé UK Ltd.
- Yildiz Holdings
- Bright Food
- United Biscuits
- Lotus Bakeries NV
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Biscuit Shortening Flakes market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Biscuit Shortening Flakes: Market Segmentation
Based on flavour, the global biscuit shortening flakes market can be segmented as:
Based on end-use, the global biscuit shortening flakes market can be segmented as:
- Pizza crusts
- Dinner Rolls
Based on ingredients, the global biscuit shortening flakes market can be segmented as:
Based on the region, the global biscuit shortening flakes market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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