| Product Code: ETC8161923 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Maldives continues to rely on imports of vegetable shortening, with top exporting countries in 2024 being Malaysia, Belgium, Thailand, Australia, and India. The market shows high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. The industry experienced a strong compound annual growth rate (CAGR) of 24.76% from 2020 to 2024, with a notable growth rate of 25.18% in 2023-24. These trends indicate a robust demand for vegetable shortening in Maldives, presenting opportunities for both domestic and international suppliers to capitalize on this growing market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Vegetable Shortening Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Vegetable Shortening Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Vegetable Shortening Market - Industry Life Cycle |
3.4 Maldives Vegetable Shortening Market - Porter's Five Forces |
3.5 Maldives Vegetable Shortening Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Maldives Vegetable Shortening Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Vegetable Shortening Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of vegetable shortening |
4.2.2 Growth in demand for convenience foods in the Maldives |
4.2.3 Rising disposable income leading to higher spending on food products |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in vegetable shortening production |
4.3.2 Competition from alternative products like butter and margarine |
4.3.3 Fluctuating consumer preferences and dietary trends |
5 Maldives Vegetable Shortening Market Trends |
6 Maldives Vegetable Shortening Market, By Types |
6.1 Maldives Vegetable Shortening Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Maldives Vegetable Shortening Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Maldives Vegetable Shortening Market Revenues & Volume, By Dry, 2021- 2031F |
6.1.4 Maldives Vegetable Shortening Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Maldives Vegetable Shortening Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Vegetable Shortening Market Revenues & Volume, By Bakery and Confectionery, 2021- 2031F |
6.2.3 Maldives Vegetable Shortening Market Revenues & Volume, By Sweet and Savory Snacks, 2021- 2031F |
6.2.4 Maldives Vegetable Shortening Market Revenues & Volume, By Others, 2021- 2031F |
7 Maldives Vegetable Shortening Market Import-Export Trade Statistics |
7.1 Maldives Vegetable Shortening Market Export to Major Countries |
7.2 Maldives Vegetable Shortening Market Imports from Major Countries |
8 Maldives Vegetable Shortening Market Key Performance Indicators |
8.1 Percentage increase in sales of vegetable shortening in the Maldives |
8.2 Number of new product launches in the vegetable shortening market |
8.3 Consumer satisfaction and loyalty metrics for vegetable shortening brands |
8.4 Percentage growth in the number of distribution channels for vegetable shortening |
8.5 Sustainability practices adopted by vegetable shortening manufacturers in the Maldives |
9 Maldives Vegetable Shortening Market - Opportunity Assessment |
9.1 Maldives Vegetable Shortening Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Maldives Vegetable Shortening Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Vegetable Shortening Market - Competitive Landscape |
10.1 Maldives Vegetable Shortening Market Revenue Share, By Companies, 2024 |
10.2 Maldives Vegetable Shortening Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |