Global Lard Market 2020 with Coronavirus (COVID-19) After Effects Analysis by Top key players:
Lard has a better nutrition profile than many butter alternatives on the market. Unlike various processed oils, like soybean and cottonseed oils, natural lard is not hydrogenated and contains no trans-fat. Many butter substitutes are highly processed and therefore lack the nutritional value of lard. Lard, on the other hand, has lower saturated fat than butter, but much more monounsaturated fat, twice the butter and five times as much as coconut oil. From the study of lard, it is a very good source for vitamin D, and these factors can boost the global lard market.
As per the report from
Industry Probe, the global Lard market is likely to grow at a significant rate
over the next few years. Awareness about health benefits related with lard is a
major factor driving the global market. There is a rise in demand for lard, due
to the growth of the awareness in the health sector and its benefits for having
no trans fat. This could drive the demand for the lard market, which is rich in
safety. The rise in need of finding an alternative to butter and oils due to
its carbohydrate content causing the risk to heart and the potential other
health benefits of the lard would contribute to the growth of the lard market
shortly.
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Lard ranks second among the
domestically consumed fats and oils, exceeded only by butter. Lard constitutes
about one-sixth of the total value of hog products. It is one of our most
important export commodities and between 85 and 90 percent of the lard entering
international commerce is of American origin. Yet despite its economic
importance, practically no work has been done to examine the production and
market characteristics of lard and its competitive position relative to other
fats and oils. The study analyses the literature dealing with the market
situation of butter, margarine, tallow, coconut oil, and other vegetable oils
that are fairly extensive. However, lard has never been dealt so systematically
and comprehensively before.
The report identifies
and analyzes segments’ efficiency based on CAGR and market share index across
North America, Europe, Asia Pacific, Middle East & Africa, and South
America. The same has also been provided for each segmentation category, i.e.,
form, category, type, end-user, distribution channel, and region in the scope
of the study. The report also covers a region-wise share analysis of the lard
market. The report focuses on various key trends impacting the growth of the
global lard market. Some of the trends include the focus on health, fitness,
etc. Moreover, the study identifies the bargaining power of suppliers,
bargaining power of buyers, the threat from new entrants, threat from substitutes,
and the degree of competition in the global lard market has been included in
the report.
Originally
published on-
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