Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...

Shortenings Market - Industry Analysis, Market Size, Share, Trends

Shortenings are solid at room temperature fats that are used to provide a crumbly feel in recipes. They are primarily made up of vegetable oils. The sticky feel of the gluten matrix in baked goods is avoided by using shortenings to establish a barrier between the gluten molecules.

Shortenings are generally used in the bakery business to make a variety of food products such pastries, cakes, cake frosting, cookies, and biscuits. Because its smoke point is greater than butter and margarine, shortenings are also used for frying, particularly donut frying.

Changing eating patterns, the adoption of convenient food alternatives, the development of a contemporary retail and food service industry, and the easy availability of raw materials are all projected to propel the Asia pacific shortenings market forward over the forecast period.

The main raw material used in the production of shortening is fat sourced from animals or plants. It also contains trans-fats, which are hazardous because their excessive consumption can contribute to heart disease. Trans-fats are generated in food products by the process of hydrogenation of vegetable oil, which is a regularly used procedure to make shortenings, according to a May 2018 article published by the US Food and Drug Administration FDA on trans-fats. According to the same source, trans-fat consumption raises blood levels of low-density lipoproteins cholesterol, also known as bad cholesterol, because high levels of LDL cholesterol raise the risk of heart disease, which can lead to mortality. Over the projected period, this scenario is expected to limit the worldwide shortenings market's growth.


Shortenings Market


In terms of revenue, the bakery & confectionery category accounted for the greatest share of the global shortenings market in 2018, accounting for 57.3 percent of the total market. Consumers' changing lifestyles and eating habits, affordability, and convenience, as well as key players' product developments, are projected to boost the worldwide shortenings market's growth in the near future. According to Coherent Market Insights, per capita bread product consumption in Germany, France, and the United Kingdom was 85.5 kilogrammes, 71.5 kilogrammes, and 47.3 kilogrammes in 2017.

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