Lard Is Considered As the most healthy Substitute For Butter Around The Globe
Lard has a betternutrition profile than many butter alternatives on the market. Unlike variousprocessed oils, like soybean and cottonseed oils, natural lard is not hydrogenatedand contains no trans-fat. Many butter substitutes are highly processed andtherefore lack the nutritional value of lard. Lard, on the other hand, haslower saturated fat than butter, but much more monounsaturated fat, twice thebutter and five times as much as coconut oil. From the study of lard, it is avery good source for vitamin D, and these factors can boost the global lardmarket.
As per the report fromIndustry Probe, the global Lard market is likely to grow at a significant rateover the next few years. Awareness about health benefits related with lard is amajor factor driving the global market. There is a rise in demand for lard, dueto the growth of the awareness in the health sector and its benefits for havingno trans fat. This could drive the demand for the lard market, which is rich insafety. The rise in need of finding an alternative to butter and oils due toits carbohydrate content causing the risk to heart and the potential otherhealth benefits of the lard would contribute to the growth of the lard marketshortly
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Lard ranks second among thedomestically consumed fats and oils, exceeded only by butter. Lard constitutesabout one-sixth of the total value of hog products. It is one of our mostimportant export commodities and between 85 and 90 percent of the lard enteringinternational commerce is of American origin. Yet despite its economicimportance, practically no work has been done to examine the production andmarket characteristics of lard and its competitive position relative to otherfats and oils. The study analyses the literature dealing with the marketsituation of butter, margarine, tallow, coconut oil, and other vegetable oilsthat are fairly extensive. However, lard has never been dealt so systematicallyand comprehensively before.
The report identifiesand analyzes segments’ efficiency based on CAGR and market share index acrossNorth America, Europe, Asia Pacific, Middle East & Africa, and SouthAmerica. The same has also been provided for each segmentation category, i.e.,form, category, type, end-user, distribution channel, and region in the scopeof the study. The report also covers a region-wise share analysis of the lardmarket. The report focuses on various key trends impacting the growth of theglobal 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 inthe report.
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