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 Overview, Analysis and market Restraints

Shortening is a fat-based product that can be manufactured from either animal or vegetable fat. Because of the benefits afforded by vegetable oil, such as the high prevalence of antioxidants, the plant-based shortening market is likely to acquire substantial traction during the forecast period. Vegetable oils including soybean oil, palm oil, and rapeseed oil are used to make plant-based shortening.

The bread and confectionery industries typically employ shortening. Higher per capita food consumption in the Asia Pacific region has led in increased consumption of overall bakery and confectionery items in the region, owing to the region's growing population. According to an analysis of bakery and breakfast cereal products published by the Agricultural and Agri-food Department of Canada (AAFC) in August 2016, Asia Pacific accounted for a significant share of the global bakery products market in 2015, with retail sales of bakery products totaling US$ 86,836.7 million.

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.


Shortenings Market
Shortenings Market


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.

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