Bakery Fat Market

Bakery Fat Market Size and Share Forecast Outlook From 2024 to 2034

The global bakery fat sales to witness substantial growth, increasing from USD 1,420.2 million in 2024 to USD 2471.1 million by 2034. The market is expected to surge at a CAGR of 5.7% during the forecast period 2024 to 2034.

Attributes	Key Insights
Estimated Global Bakery Fat Market Size (2024E)	USD 1,420.2 million
Projected Bakery Fat Market Value (2034F)	USD 2,471.1 million
Value-based CAGR (2024 to 2034)	5.7%

Changing consumer preferences toward more premium products and growing consumption of bakery items are contributing to expansion of the market. Rising trend of baking at home and the proliferation of bakery chains & cafes are further fueling market growth. To meet consumer demands for healthier options, organic bakery fats are being introduced into the market as a response to clean-label trend in the industry.

Bakery Fats prevents gluten aggregation in flour, increases lubrication, tenderness and fullness, increases air density during dough mixing, smoothing composition facilitates proper mixing, extends product shelf life and boosts flavor, enables shaking and crisping, heat transfer are the main functions of baker's fats. Hence, Manufacturers are also focusing on product innovations custom-made to meet needs of baking applications.

These innovations include reducing fat content, enhancing flavor profiles, and improving texture. With higher incomes and the introduction of healthier bakery fat options, the market is expected to continue its growth trajectory through 2034.

Comparison of Historical vs Future Outlook on Changing Consumer Trends for Bakery Fat Industry

The convenience factor linked with bakery fats, offering an effective and time-saving solution for home baking, contributed significantly to market expansion especially in Choco Chips Confectionery Products. Manufacturers' efforts to escalate distribution channels, including online platforms, further fueled market growth.

The market is expected to surge at a CAGR of 5.7% during the forecast period. Changing demographics, such as increasing urbanization and hectic lifestyles, are expected to drive demand for convenient baking solutions. Biscuits, butter cookies, cupcakes, Puff Pastry, Biscuit, Bread are key areas which are expected to grow over next decade.

Consumption Trends and Demand Insights for Bakery Fats

The escalating bakery industry and an increasing number of outlets and cafes globally are creating opportunities for the bakery fat market. Rising popularity of handmade baked goods is also expected to boost demand for bakery fats.

Rising innovation and technological advancements in the bakery industry are set to show a promising future for the bakery fat market. The introduction of natural and organic bakery fats is estimated to further drive market growth.

Rising popularity of plant-based bakery fats among vegan and vegetarian consumers offers a significant opportunities for market players to expand their product range. The changing lifestyle preferences of consumers are further fueling demand for bakery fats.

Analysis of Top Countries Producing, Certifying, Distributing, and Using Bakery Fats

The global bakery fat market is poised for robust growth from 2024 to 2034, with significant predicted CAGR in key countries. The United States is expected to grow with a steady 5.7% CAGR, reflecting sustained demand for convenient and diverse baking solutions.

China shows a remarkable 7.7% CAGR, driven by evolving consumer preferences and an expanding middle class. The United Kingdom is projected to show a 4.3% CAGR, reflecting a growing interest in premium and healthy bakery products. Japan anticipates a substantial 6.5% CAGR, propelled by technological innovations and a penchant for unique and high-quality bread varieties.

Countries	Forecast CAGR (2024 to 2034)
United States	5.7%
China	7.7%
United Kingdom	4.3%
Japan	6.5%

The table below explains the bakery fat market size of the four key countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 411 million. China is expected to reach around USD 284 million by 2034, less than Japan's USD 285 million.

Countries	Country Wise Value (2034)
United States	USD 411 million
China	USD 284 million
United Kingdom	USD 170 million
Japan	USD 285 million

Rising Investment in Research and Development Uplift the United States

Leading multinational companies with headquarters in the United States, contribute to a competitive and well-established market. These companies keep investing in research & development activities to innovate products and offer them to consumers with varied dietary choices.

Various oils and fats are used in the bakery industry, such as coating fats, shortenings, filling and coating fats, cooking oils and baking trays. Cooking fats takes a minimal or significant part of the products.

For example, bread takes about 10%, cake 20% and pastries 40% of the total amount of ingredients. Consequently, it significantly affects the handling of the process, the food quality of the final product, i.e. the appearance of texture, volume, nutritional value and shelf life.

Expanding Market Presence of Manufacturers in China to Surge Demand

The presence of changing dietary habits, a growing middle class, and a rising preference for Western-style baked goods contribute to the market's growth in China. China's vast raw material supply chain, encompassing grains and specialty ingredients, helps efficient and cost-effective production.

The scale of production has been accelerating because of competitive pricing strategies employed by manufacturers, making bakery fats more accessible to a broader consumer base in China.

Growing Health-conscious Consumers to Fuel Demand in the United Kingdom

Increasing adoption of bakery fats in the United Kingdom reflects a shift in consumer preferences driven by economic, cultural, and lifestyle factors. With a growing interest in home baking, consumers are turning to bakery fats as a convenience that aligns with the United Kingdom's culinary culture.

The competitive landscape, marked by the presence of both established and emerging manufacturers, fuels innovation and product diversification in the United Kingdom. Rising health consciousness among consumers has prompted manufacturers to incorporate nutritional enhancements in their products. This aligns with the trend of seeking healthier yet convenient food options.

The regulatory framework, emphasizing food safety and quality standards, contributes to consumer confidence in the reliability of products in the United Kingdom. Clear and transparent labeling practices help consumers make informed choices, fostering trust in the market.

Growing Demand for Vegan Bakery Products Propelling Sales in Japan

Japan is experiencing a surging demand for healthier bakery fat alternatives, driven by increasing preference for products low in trans, saturated, and hydrogenated fats.

Japan's bakery fat market is surging due to growing demand for vegan bakery products, which is driven by the popularity of plant-based diets. Japan's consumers prioritize clean-label products with natural ingredients, prompting bakery fat manufacturers to use non-GMO ingredients and avoid additives, artificial flavors, and preservatives.

Rising Digital Marketing Initiatives Fueling Demand in India

Consumers in India are directed toward sustainability and ethical sourcing, putting pressure on bakery fat manufacturers to adopt transparent supply chains and obtain certifications.

Bakery fats are gaining traction in India due to their unique flavor profiles and improved functionality, which aim to meet the evolving needs of bakers and consumers. E-commerce platforms and digital marketing are transforming the market, enabling manufacturers to promote their products, engage with consumers, and facilitate direct-to-consumer sales.

Bakery Fat Industry Analysis by Top Investment Segments

The table below highlights how the shortening segment is projected to lead the market in terms of product type, and is expected to reach USD 350 million in 2034. Based on distribution channel, the online retailing segment is expected to reach USD 420 million in 2034.

Segment	Market Value (2034)
Shortening (Product Type)	USD 350 million
Residential (End-use)	USD 310 million
Online Retailing (Distribution Channel)	USD 420 million

Shortening Segment Remains Highly Sought-after Product Type

The bakery fat market has significantly transformed, adapting to changing consumer preferences and industry demands. Soybean, cottonseed, palm oil, or a combination are often used to make shortening more affordable than other fats.

Shortening is 100% fat, which makes it more suitable for vegetarians and vegan consumers. Shortening is gaining traction in the market due to its unique characteristics, such as being shelf-stable and it doesn't require refrigeration.

Demand for Bakery Fats to Surge in Residential Segment through 2034

In the residential segment, individuals widely use bakery fats for cooking various bakery products, such as cakes, cookies, pies, and other homemade baked goods. Consumers use pre-packaged bakery fats for convenience in their home baking.

Surging sales of bakery fats are further influenced by the convenience these fats offer, providing an accessible entry point for home baking. Rising consumer interest in homemade, fresh baked goods, combined with the ease of use of these fats, contributes to their increasing presence in the market.

Key Bakery Fat Market Players and Concentration

The bakery fat market is diverse and dynamic. Leading bakery fat manufacturers emphasize on research and development to stay competitive in the market.

Key companies emphasis on sustainable products through environmental practices, product certifications and meeting higher standards for natural & sustainable ingredients. Leading players in the market guarantee their place by emphasizing quality, innovation, as well as customers’ preferences, while expanding and growing the demand.

Product Launches and Key Developments

• In 2023, the Finsbury Food Group acquired Johnstone's Just Desserts. This tactical move allowed Finsbury to enrich its position in the bakery industry and secure a leading share of the market.
• In 2023, a private equity deal, Investindustrial acquired CSM Ingredients from CSM Bakery Solutions. The transaction aimed to strengthen Investindustrial's position in the baking ingredient market.
• In 2023, Cargill India introduced a range of fats for cookies and puff pastries, making it easier for bakers to handle premium bakery fats during extreme summer.

Leading Suppliers of Bakery Fats

• AAK (UK) Limited
• Cargill
• ConAgra
• CSM Bakery Solutions
• Fuji Oil Co. Ltd.
• Goodman Fielder
• Premium Vegetable Oils Sdn Bhd
• Unilever
• Wilmar International

Key Shifting Preferences Covered in Bakery Fat Market Report

• Bakery Fat Market Scope
• India Bakery Ingredients Market Size & Share Analysis
• Drivers for Bakery Fat Market Growth
• Study on Bakery Fat Substitutes
• Pricing Analysis of the Bakery Fat Market
• Detailed Information on Shortening Fats Market Size, Top Bakery Fat Retailers in Market, and Specialty Fats & Oils Market Scope
• Opportunities for Bakery Fat Market in India
• Growth Potential of the United States Bakery Fat Industry

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Global Market Outlook
• 4. Market Dynamics
• 5. Global Market - Pricing Analysis
• 6. Value Chain Analysis
• 7. Global Market Size (in Value (USD million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
  • 8.1. Shortening
  • 8.2. Margarine
  • 8.3. Bakery Oils
  • 8.4. Others
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
  • 9.1. B2B
  • 9.2. B2C
    • 9.2.1. Hypermarket
    • 9.2.2. Supermarket
    • 9.2.3. Retail Stores
    • 9.2.4. Online Retailing
• 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 By End-use
  • 10.1. Industrial
  • 10.2. Residential
• 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
  • 11.1. North America
  • 11.2. Latin America
  • 11.3. Europe
  • 11.4. East Asia
  • 11.5. South Asia
  • 11.6. Oceania
  • 11.7. Middle East & Africa
• 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 19. Country-level Market Analysis
• 20. Market Structure Analysis
• 21. Competition Analysis
  • 21.1. AAK (UK) Limited
  • 21.2. Cargill
  • 21.3. ConAgra
  • 21.4. CSM Bakery Solutions
  • 21.5. Fuji Oil Co. Ltd.
  • 21.6. Goodman Fielder
  • 21.7. Premium Vegetable Oils Sdn Bhd
  • 21.8. Unilever
  • 21.9. Wilmar International
• 22. Assumptions and Acronyms Used
• 23. Research Methodology

List of Tables

Table 1: Global Market Value (US$ million) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (MT) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 4: Global Market Volume (MT) Forecast by Type, 2019 to 2034

Table 5: Global Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 6: Global Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 7: Global Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 8: Global Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 9: North America Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 10: North America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 11: North America Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 12: North America Market Volume (MT) Forecast by Type, 2019 to 2034

Table 13: North America Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 14: North America Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 15: North America Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 16: North America Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 17: Latin America Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 18: Latin America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 19: Latin America Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 20: Latin America Market Volume (MT) Forecast by Type, 2019 to 2034

Table 21: Latin America Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 22: Latin America Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 23: Latin America Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 24: Latin America Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 25: Europe Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 26: Europe Market Volume (MT) Forecast by Country, 2019 to 2034

Table 27: Europe Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 28: Europe Market Volume (MT) Forecast by Type, 2019 to 2034

Table 29: Europe Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 30: Europe Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 31: Europe Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 32: Europe Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 33: East Asia Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 34: East Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 35: East Asia Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 36: East Asia Market Volume (MT) Forecast by Type, 2019 to 2034

Table 37: East Asia Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 38: East Asia Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 39: East Asia Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 40: East Asia Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 41: South Asia Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 42: South Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 43: South Asia Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 44: South Asia Market Volume (MT) Forecast by Type, 2019 to 2034

Table 45: South Asia Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 46: South Asia Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 47: South Asia Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 48: South Asia Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 49: Oceania Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 50: Oceania Market Volume (MT) Forecast by Country, 2019 to 2034

Table 51: Oceania Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 52: Oceania Market Volume (MT) Forecast by Type, 2019 to 2034

Table 53: Oceania Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 54: Oceania Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 55: Oceania Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 56: Oceania Market Volume (MT) Forecast by End-use, 2019 to 2034

Table 57: Middle East and Africa Market Value (US$ million) Forecast by Country, 2019 to 2034

Table 58: Middle East and Africa Market Volume (MT) Forecast by Country, 2019 to 2034

Table 59: Middle East and Africa Market Value (US$ million) Forecast by Type, 2019 to 2034

Table 60: Middle East and Africa Market Volume (MT) Forecast by Type, 2019 to 2034

Table 61: Middle East and Africa Market Value (US$ million) Forecast by Distribution Channel, 2019 to 2034

Table 62: Middle East and Africa Market Volume (MT) Forecast by Distribution Channel, 2019 to 2034

Table 63: Middle East and Africa Market Value (US$ million) Forecast by End-use, 2019 to 2034

Table 64: Middle East and Africa Market Volume (MT) Forecast by End-use, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ million) by Type, 2024 to 2024

Figure 2: Global Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 3: Global Market Value (US$ million) by End-use, 2024 to 2024

Figure 4: Global Market Value (US$ million) by Region, 2024 to 2024

Figure 5: Global Market Value (US$ million) Analysis by Region,2019 to 2034

Figure 6: Global Market Volume (MT) Analysis by Region,2019 to 2034

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2024

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2024

Figure 9: Global Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 10: Global Market Volume (MT) Analysis by Type,2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 13: Global Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 14: Global Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 16: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 17: Global Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 18: Global Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 19: Global Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 20: Global Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 21: Global Market Attractiveness by Type, 2024 to 2024

Figure 22: Global Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 23: Global Market Attractiveness by End-use, 2024 to 2024

Figure 24: Global Market Attractiveness by Region, 2024 to 2024

Figure 25: North America Market Value (US$ million) by Type, 2024 to 2024

Figure 26: North America Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 27: North America Market Value (US$ million) by End-use, 2024 to 2024

Figure 28: North America Market Value (US$ million) by Country, 2024 to 2024

Figure 29: North America Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 30: North America Market Volume (MT) Analysis by Country,2019 to 2034

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 33: North America Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 34: North America Market Volume (MT) Analysis by Type,2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 37: North America Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 38: North America Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 39: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 40: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 41: North America Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 42: North America Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 43: North America Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 44: North America Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 45: North America Market Attractiveness by Type, 2024 to 2024

Figure 46: North America Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 47: North America Market Attractiveness by End-use, 2024 to 2024

Figure 48: North America Market Attractiveness by Country, 2024 to 2024

Figure 49: Latin America Market Value (US$ million) by Type, 2024 to 2024

Figure 50: Latin America Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 51: Latin America Market Value (US$ million) by End-use, 2024 to 2024

Figure 52: Latin America Market Value (US$ million) by Country, 2024 to 2024

Figure 53: Latin America Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 54: Latin America Market Volume (MT) Analysis by Country,2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 57: Latin America Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 58: Latin America Market Volume (MT) Analysis by Type,2019 to 2034

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 61: Latin America Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 62: Latin America Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 65: Latin America Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 66: Latin America Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 69: Latin America Market Attractiveness by Type, 2024 to 2024

Figure 70: Latin America Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 71: Latin America Market Attractiveness by End-use, 2024 to 2024

Figure 72: Latin America Market Attractiveness by Country, 2024 to 2024

Figure 73: Europe Market Value (US$ million) by Type, 2024 to 2024

Figure 74: Europe Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 75: Europe Market Value (US$ million) by End-use, 2024 to 2024

Figure 76: Europe Market Value (US$ million) by Country, 2024 to 2024

Figure 77: Europe Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 78: Europe Market Volume (MT) Analysis by Country,2019 to 2034

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 81: Europe Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 82: Europe Market Volume (MT) Analysis by Type,2019 to 2034

Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 85: Europe Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 86: Europe Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 87: Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 89: Europe Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 90: Europe Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 91: Europe Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 93: Europe Market Attractiveness by Type, 2024 to 2024

Figure 94: Europe Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 95: Europe Market Attractiveness by End-use, 2024 to 2024

Figure 96: Europe Market Attractiveness by Country, 2024 to 2024

Figure 97: East Asia Market Value (US$ million) by Type, 2024 to 2024

Figure 98: East Asia Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 99: East Asia Market Value (US$ million) by End-use, 2024 to 2024

Figure 100: East Asia Market Value (US$ million) by Country, 2024 to 2024

Figure 101: East Asia Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 102: East Asia Market Volume (MT) Analysis by Country,2019 to 2034

Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 105: East Asia Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 106: East Asia Market Volume (MT) Analysis by Type,2019 to 2034

Figure 107: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 109: East Asia Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 110: East Asia Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 111: East Asia Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 113: East Asia Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 114: East Asia Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 115: East Asia Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 116: East Asia Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 117: East Asia Market Attractiveness by Type, 2024 to 2024

Figure 118: East Asia Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 119: East Asia Market Attractiveness by End-use, 2024 to 2024

Figure 120: East Asia Market Attractiveness by Country, 2024 to 2024

Figure 121: South Asia Market Value (US$ million) by Type, 2024 to 2024

Figure 122: South Asia Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 123: South Asia Market Value (US$ million) by End-use, 2024 to 2024

Figure 124: South Asia Market Value (US$ million) by Country, 2024 to 2024

Figure 125: South Asia Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 126: South Asia Market Volume (MT) Analysis by Country,2019 to 2034

Figure 127: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 128: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 129: South Asia Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 130: South Asia Market Volume (MT) Analysis by Type,2019 to 2034

Figure 131: South Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 132: South Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 133: South Asia Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 134: South Asia Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 135: South Asia Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 136: South Asia Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 137: South Asia Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 138: South Asia Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 139: South Asia Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 140: South Asia Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 141: South Asia Market Attractiveness by Type, 2024 to 2024

Figure 142: South Asia Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 143: South Asia Market Attractiveness by End-use, 2024 to 2024

Figure 144: South Asia Market Attractiveness by Country, 2024 to 2024

Figure 145: Oceania Market Value (US$ million) by Type, 2024 to 2024

Figure 146: Oceania Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 147: Oceania Market Value (US$ million) by End-use, 2024 to 2024

Figure 148: Oceania Market Value (US$ million) by Country, 2024 to 2024

Figure 149: Oceania Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 150: Oceania Market Volume (MT) Analysis by Country,2019 to 2034

Figure 151: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 152: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 153: Oceania Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 154: Oceania Market Volume (MT) Analysis by Type,2019 to 2034

Figure 155: Oceania Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 156: Oceania Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 157: Oceania Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 158: Oceania Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 159: Oceania Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 160: Oceania Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 161: Oceania Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 162: Oceania Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 163: Oceania Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 164: Oceania Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 165: Oceania Market Attractiveness by Type, 2024 to 2024

Figure 166: Oceania Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 167: Oceania Market Attractiveness by End-use, 2024 to 2024

Figure 168: Oceania Market Attractiveness by Country, 2024 to 2024

Figure 169: Middle East and Africa Market Value (US$ million) by Type, 2024 to 2024

Figure 170: Middle East and Africa Market Value (US$ million) by Distribution Channel, 2024 to 2024

Figure 171: Middle East and Africa Market Value (US$ million) by End-use, 2024 to 2024

Figure 172: Middle East and Africa Market Value (US$ million) by Country, 2024 to 2024

Figure 173: Middle East and Africa Market Value (US$ million) Analysis by Country,2019 to 2034

Figure 174: Middle East and Africa Market Volume (MT) Analysis by Country,2019 to 2034

Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2024

Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2024

Figure 177: Middle East and Africa Market Value (US$ million) Analysis by Type,2019 to 2034

Figure 178: Middle East and Africa Market Volume (MT) Analysis by Type,2019 to 2034

Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024 to 2024

Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024 to 2024

Figure 181: Middle East and Africa Market Value (US$ million) Analysis by Distribution Channel,2019 to 2034

Figure 182: Middle East and Africa Market Volume (MT) Analysis by Distribution Channel,2019 to 2034

Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2024

Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2024

Figure 185: Middle East and Africa Market Value (US$ million) Analysis by End-use,2019 to 2034

Figure 186: Middle East and Africa Market Volume (MT) Analysis by End-use,2019 to 2034

Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by End-use, 2024 to 2024

Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2024

Figure 189: Middle East and Africa Market Attractiveness by Type, 2024 to 2024

Figure 190: Middle East and Africa Market Attractiveness by Distribution Channel, 2024 to 2024

Figure 191: Middle East and Africa Market Attractiveness by End-use, 2024 to 2024

Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2024