Shortenings Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Vegetable Shortenings, Animal Shortenings), By Key Ingredient (Oil, Lard, Tallow, Butter, Others), By Application (Bakery Products, Confectionery Products, Snacks & Savory Products, Others), By Variant (Liquid Shortening, Solid Shortening, All-Purpose Shortening, Cake/Icing Shortening, Others) By Region, By Competition, 2019-2029

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 4.70 Billion

CAGR (2024-2029)

4.27%

Fastest Growing Segment

All-Purpose Shortening

Largest Market

North America

Market Size (2029)

USD 6.02 Billion

Market Overview

Global Shortenings Market was valued at USD 4.70 billion in 2023 and is expected to project robust growth in the forecast period with a CAGR of 4.27% through 2029. The Shortenings Market is a dynamic segment of the food industry that plays a crucial role in enhancing the texture, taste, and shelf life of various products. Shortenings are fats used in baking and cooking to impart desirable qualities such as flakiness and tenderness to dough and pastries. The market encompasses a wide range of products, including hydrogenated and non-hydrogenated shortenings, margarine, and specialty fats, catering to the diverse needs of the food processing and foodservice sectors.

Key factors driving the Shortenings Market include the growing demand for convenience foods, bakery products, and confectionery items. With changing consumer lifestyles and an increasing focus on ready-to-eat options, the market has witnessed a surge in demand for high-quality shortenings that offer both functional and sensory benefits. Additionally, the rise of health-conscious consumers has led to a shift towards non-hydrogenated and healthier alternatives, prompting innovation and product development in the market.

Geographically, the Shortenings Market is influenced by factors such as population growth, urbanization, and changing dietary patterns. Major players in the industry are investing in research and development to create products that meet evolving consumer preferences while also aligning with sustainability goals. As the global food industry continues to evolve, the Shortenings Market is expected to witness steady growth, driven by a combination of technological advancements, market trends, and consumer demands.

Key Market Drivers

Rising Demand for Convenience Foods

One of the primary drivers fueling the Shortenings Market is the escalating demand for convenience foods. As lifestyles become more fast-paced, consumers are increasingly seeking ready-to-eat or easy-to-prepare food options. Shortenings play a crucial role in the production of a variety of convenience foods, including baked goods, frozen dough, and pre-packaged snacks. The convenience factor of these products, often associated with busy schedules and on-the-go lifestyles, has led to a surge in demand for shortenings across the globe.

Manufacturers are leveraging this trend by developing innovative formulations of shortenings tailored to the specific needs of convenience food production. Whether it's creating flaky pastries, crispy snack coatings, or moist cakes, shortenings enhance the texture and mouthfeel of these products, making them more appealing to consumers looking for quick and tasty meal solutions.

Evolution of Bakery and Confectionery Industry

The bakery and confectionery industry represents a significant market for shortenings. As consumer tastes evolve and diversify, bakeries are under pressure to produce a wide array of appealing and high-quality products. Shortenings are indispensable in achieving the desired texture, structure, and flavor in baked goods such as bread, cakes, cookies, and pastries.

Moreover, the global popularity of baked snacks and desserts has fueled the growth of the bakery and confectionery sector, thereby contributing to the increased demand for shortenings. Manufacturers are continuously innovating to meet the ever-changing preferences of consumers, developing specialty shortenings, and exploring healthier alternatives to cater to health-conscious consumers. The versatility of shortenings makes them a key ingredient in the dynamic landscape of the bakery and confectionery industry, driving growth and expansion.

Health and Wellness Trends

The health and wellness trend has significantly impacted the food industry, influencing consumer choices and purchasing decisions. In the Shortenings Market, there is a noticeable shift towards healthier alternatives and formulations. Traditionally, hydrogenated shortenings containing trans fats were widely used in food production, but concerns about their impact on cardiovascular health have led to a push for healthier options.

Non-hydrogenated shortenings, plant-based fats, and formulations with reduced saturated fats are gaining traction as consumers become more health-conscious. Manufacturers are responding to this demand by developing products that align with dietary preferences, focusing on clean labels, and emphasizing the use of natural and sustainable ingredients. This driver not only addresses health concerns but also reflects the industry's commitment to meeting evolving consumer expectations and regulatory standards.

Technological Advancements in Production Processes

The Shortenings Market has witnessed notable advancements in production technologies, contributing to increased efficiency, quality, and versatility. Manufacturing processes have become more sophisticated, allowing for the production of tailor-made shortenings with specific functionalities. Improved emulsification techniques, interesterification processes, and the development of enzyme-modified shortenings have expanded the range of options available to food processors.

Technological advancements also play a role in enhancing the stability and shelf life of shortenings, ensuring that the end products maintain their desired characteristics over time. Additionally, advancements in packaging technologies contribute to the preservation of shortenings, preventing oxidation and maintaining product quality. These technological developments not only benefit manufacturers by optimizing production processes but also provide opportunities for innovation and differentiation in the highly competitive Shortenings Market.

In conclusion, the Shortenings Market is driven by a combination of factors that reflect the evolving landscape of the food industry. The demand for convenience foods, the evolution of the bakery and confectionery sector, health and wellness trends, and technological advancements in production processes collectively shape the trajectory of this market. As consumers continue to seek diverse, high-quality food options, the Shortenings Market is poised for sustained growth and innovation.


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Key Market Challenges

Health Concerns and Regulatory Pressures

A major challenge for the Shortenings Market is the increasing scrutiny and awareness of health concerns associated with certain types of fats used in shortenings. Traditionally, hydrogenated shortenings containing trans fats were prevalent in the market due to their desirable functional properties. However, research linking trans fats to cardiovascular diseases has prompted regulatory bodies worldwide to impose restrictions and advocate to their reduction in food products.

This has led to a shift towards non-hydrogenated shortenings and alternative fats. While these alternatives address health concerns, they may present challenges in terms of achieving the same functional attributes, such as stability and texture, as their traditional counterparts. Manufacturers must navigate a complex landscape of evolving regulations, health-conscious consumers, and the need to balance product performance with health considerations.

Clean Label and Natural Ingredient Trends

The demand for clean label and natural ingredients is a pervasive trend in the food industry, and it significantly impacts the Shortenings Market. Consumers are increasingly scrutinizing product labels, seeking transparency, and favoring products with minimal processing and natural components. This presents a challenge for shortenings, as some traditional formulations may include partially hydrogenated oils or other ingredients that do not align with clean label expectations.

Developing shortenings that meet clean label criteria while maintaining functionality poses a considerable challenge for manufacturers. The need to replace or eliminate certain ingredients, without compromising performance, can require significant research and development efforts. Additionally, sourcing natural and sustainable ingredients adds complexity to the production process and may impact pricing, further challenging market participants.

Rising Raw Material Prices and Supply Chain Interruptions

The Shortenings Market is sensitive to fluctuations in raw material costs, particularly those associated with fats and oils. Variations in commodity prices for key ingredients, such as palm oil, soybean oil, and others, can impact the overall production cost of shortenings. Moreover, the market faces challenges related to the sustainability and ethical sourcing of these raw materials, as consumers and regulatory bodies increasingly focus on environmental and social responsibility.

Supply chain disruptions, whether due to geopolitical factors, weather events, or other unforeseen circumstances, can also pose challenges for manufacturers. Dependence on specific regions for raw material supply creates vulnerability to disruptions, impacting both production costs and the availability of shortenings. Market participants must implement robust supply chain management strategies to navigate these challenges and maintain a competitive edge in the industry.

Competition and Product Differentiation

The Shortenings Market is characterized by intense competition among manufacturers vying for market share. With the growing emphasis on health, sustainability, and clean label trends, differentiation becomes crucial for success. However, developing unique and innovative products that meet consumer demands while adhering to regulatory standards is a complex task.

Additionally, the market faces competition from alternative fats and ingredients, such as plant-based oils, which are gaining popularity. This requires manufacturers to continually invest in research and development to create differentiating factors, whether through proprietary formulations, specialized applications, or unique health attributes. Effectively communicating these differentiators to consumers in a crowded marketplace is another challenge, as consumer understanding and awareness of the nuances in product offerings vary.

In conclusion, the Shortenings Market encounters challenges related to health concerns and regulatory pressures, clean label expectations, raw material costs and supply chain disruptions, and fierce competition demanding product differentiation. Overcoming these challenges requires a strategic approach, investment in research and development, and a commitment to staying abreast of evolving consumer preferences and industry dynamics. Successfully navigating these hurdles will be essential for the sustained growth and resilience of the Shortenings Market.

Key Market Trends

Rise of Health-Conscious Consumerism

A prominent trend in the Shortenings Market is the increasing focus on health-conscious consumerism. As awareness of the impact of dietary choices on health continues to grow, consumers are seeking healthier alternatives in their food products. This has led to a shift away from traditional hydrogenated shortenings, which may contain trans fats, towards non-hydrogenated options and those with reduced saturated fats.

Manufacturers are responding to this trend by reformulating their products to meet health-conscious consumer demands. Non-GMO, plant-based, and sustainably sourced ingredients are gaining popularity as consumers seek shortenings that align with their values and health goals. Additionally, the development of specialty shortenings with functional health benefits, such as those rich in Omega-3 fatty acids, further illustrates the industry's commitment to catering to the health-conscious consumer segment.

Clean Label and Natural Ingredients

The demand for clean label products with natural ingredients is a pervasive trend influencing the Shortenings Market. Consumers are increasingly scrutinizing food labels, looking for transparency and simplicity in ingredient lists. Shortenings traditionally involved the use of partially hydrogenated oils, but due to concerns about trans fats, there is a growing preference for formulations that avoid or reduce the use of such ingredients.

Manufacturers are responding by developing shortenings with natural and clean label ingredients, eliminating artificial additives and preservatives. This trend is driving innovation in the industry, with a focus on creating shortenings that not only meet functional requirements in baking and cooking but also align with the clean label expectations of today's consumers. The challenge lies in achieving the desired product performance while adhering to the constraints of natural and clean label formulations.

Plant-Based and Alternative Fats

The surge in popularity of plant-based diets and the growing interest in alternative fats are influencing the Shortenings Market. Plant-based shortenings, derived from sources such as palm, coconut, and olive oil, are gaining traction as consumers seek vegetarian and vegan options. These plant-based alternatives often offer a cleaner label and appeal to a broader consumer base.

Additionally, innovation in alternative fats, such as those derived from algae or seeds, is expanding the range of choices in the Shortenings Market. Consumers are not only looking for products that align with their dietary preferences but also those that provide unique nutritional benefits. Manufacturers are capitalizing on this trend by introducing shortenings with distinct flavor profiles and health attributes, contributing to the diversification of the market.

Sustainability and Ethical Sourcing

Sustainability has become a key consideration in the Shortenings Market, driven by consumer awareness and a broader commitment to environmental and social responsibility. The sourcing of raw materials, particularly oils like palm oil, is under scrutiny as consumers seek products that minimize their ecological footprint. Sustainable and ethically sourced ingredients are becoming essential criteria for consumers when choosing shortenings.

Manufacturers are responding by adopting responsible sourcing practices, supporting certification programs, and transparently communicating their commitment to sustainability. This trend not only addresses environmental concerns but also caters to a growing segment of socially conscious consumers who prioritize products aligned with ethical and sustainable values. As sustainability becomes an integral part of corporate responsibility, it is likely to shape the future direction of the Shortenings Market.

In conclusion, the Shortenings Market is experiencing transformative trends driven by health-conscious consumerism, the demand for clean label products, the rise of plant-based and alternative fats, and a growing emphasis on sustainability and ethical sourcing. These trends not only reflect evolving consumer preferences but also present opportunities for innovation and differentiation within the industry. Manufacturers navigating this dynamic landscape are poised to thrive by aligning their product offerings with these trends and staying ahead of the curve in the ever-evolving Shortenings Market.

Segmental Insights

Source Insights

Vegetable shortenings are experiencing significant growth in the Shortenings Market, driven by shifting consumer preferences and industry trends. As health-consciousness rises, there is a growing demand for shortenings that align with plant-based and natural food choices. Vegetable shortenings, derived from sources like palm, coconut, or olive oil, have gained popularity as alternatives to traditional animal-based fats.

Consumers seeking vegetarian and vegan options are turning to vegetable shortenings for their clean label profiles and sustainable sourcing. Manufacturers are responding to this trend by introducing innovative vegetable shortening formulations that not only meet the functional requirements of baking and cooking but also cater to the ethical and environmental considerations of today's consumers. This growing interest in vegetable shortenings reflects a broader shift towards plant-based solutions in the food industry.

Variant Insights

All-purpose shortening is experiencing notable growth in the Shortenings Market due to its versatility and adaptability in various culinary applications. This type of shortening, designed to meet the diverse needs of both baking and cooking, has gained popularity among consumers and manufacturers alike. The all-encompassing nature of all-purpose shortening, suitable for tasks ranging from pie crusts and pastries to frying and sautéing, makes it a convenient choice for households and foodservice establishments.

Its ability to enhance texture, flavor, and shelf life in a wide array of products aligns with the increasing demand for versatile ingredients in the food industry. As consumer preferences evolve towards convenience without compromising on quality, the growth of all-purpose shortening reflects a trend where a single product meets multiple culinary requirements, streamlining the cooking and baking processes for both professionals and home cooks.


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Regional Insights

North America stands as the largest market in the Shortenings Market, showcasing robust growth and a dominant market share. This regional prominence is attributed to several factors, including a well-established and diverse food industry, high consumer demand for convenience foods, and a continuous trend towards innovative culinary experiences.

The prevalence of busy lifestyles has heightened the demand for ready-to-eat and convenience products, driving the use of shortenings in a variety of applications. Additionally, the region's dynamic baking and confectionery industry has contributed significantly to the consumption of shortenings. The market's growth in North America is also influenced by consumer preferences for specific textures and flavors in baked goods, which are achieved through the use of shortenings. As a result, North America remains a pivotal and influential player in shaping the trajectory of the global Shortenings Market.

Recent Developments

  • In March 2022, Sarawak Oil Palms Berhad (SOPB) launched two baking product named Crescent Margarine and Shortening. Both products are manufactured at the newly constructed, cutting-edge Specialty Fats factory in Bintulu, which eliminates long transportation times and product quality degradation. Crescent Margarine and Shortening make excellent baking companions because they are specifically formulated to suit regional taste preferences and the hot environment.
  • In Nov 2022, Cargill acquired Owensboro Grain Company LLC, a processing facility and refinery company located in Owensboro, Ky. This acquisition helps Cargill to increase capacity across its North America.

Key Market Players

  • Cargill Incorporated 
  • Conagra Brands Inc.
  • Bunge Global SA
  • Wilmar International Limited
  • The Archer Daniels Midland Company
  • International Foodstuff Company Holdings Limited
  • Ventura Foods LLC
  • AAK AB
  • Manildra Group
  • Associated British Foods PLC

 

By Source

 

By Key Ingredient

 

By Application

 

By Variant

 

By Region
  • Vegetable Shortenings
  • Animal Shortenings
  • Oil
  • Lard
  • Tallow
  • Butter
  • Others
  • Bakery Products
  • Confectionery Products
  • Snacks & Savory Products
  • Others
  • Liquid Shortening
  • Solid Shortening
  • All-Purpose Shortening
  • Cake/Icing Shortening
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the global shortenings market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •    Shortenings Market, By Source:

o   Vegetable Shortenings

o   Animal Shortenings

  •    Shortenings Market, By Key Ingredient:

o   Oil

o   Lard

o   Tallow

o   Butter

o   Others

  • Shortenings Market, By Application:

o   Bakery Products

o   Confectionery Products

o   Snacks & Savory Products

o   Others

  •    Shortenings Market, By Variant  :

o   Liquid Shortening

o   Solid Shortening

o   All-Purpose Shortening

o   Cake/Icing Shortening

o   Others

  •    Shortenings Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o   South America

§  Argentina

§  Colombia

§  Brazil

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Shortenings Market.

Available Customizations:

Global Shortenings Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Shortenings Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Product Awareness

4.2.  Brand Awareness

4.3.  Factor Influence Purchase Decision

5.    Global Shortenings Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Source Market Share Analysis (Vegetable Shortenings, Animal Shortenings)

5.2.2.    By Key Ingredient Market Share Analysis (Oil, Lard, Tallow, Butter, Others)

5.2.3.    By Application Market Share Analysis (Bakery Products, Confectionery Products, Snacks & Savory Products, Others)

5.2.4.    By Variant Market Share Analysis (Liquid Shortening, Solid Shortening, All-Purpose Shortening, Cake/Icing Shortening, Others)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        North America Market Share Analysis

5.2.5.2.        Europe Market Share Analysis

5.2.5.3.        Asia-Pacific Market Share Analysis

5.2.5.4.        Middle East & Africa Market Share Analysis

5.2.5.5.        South America Market Share Analysis

5.2.6.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Shortenings Market Mapping & Opportunity Assessment

5.3.1.    By Source Market Mapping & Opportunity Assessment

5.3.2.    By Key Ingredient Market Mapping & Opportunity Assessment

5.3.3.    By Application Market Mapping & Opportunity Assessment

5.3.4.    By Variant Market Mapping & Opportunity Assessment

5.3.5.    By Regional Market Mapping & Opportunity Assessment

6.    North America Shortenings Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Source Market Share Analysis

6.2.2.    By Key Ingredient Market Share Analysis

6.2.3.    By Application Market Share Analysis

6.2.4.    By Variant Market Share Analysis

6.2.5.    By Country Market Share Analysis

6.2.5.1.        United States Shortenings Market Outlook

6.2.5.1.1.           Market Size & Forecast

6.2.5.1.1.1.               By Value

6.2.5.1.2.           Market Share & Forecast

6.2.5.1.2.1.               By Source Market Share Analysis

6.2.5.1.2.2.               By Key Ingredient Market Share Analysis

6.2.5.1.2.3.               By Application Market Share Analysis

6.2.5.1.2.4.               By Variant Market Share Analysis

6.2.5.2.        Canada Shortenings Market Outlook

6.2.5.2.1.           Market Size & Forecast

6.2.5.2.1.1.               By Value

6.2.5.2.2.           Market Share & Forecast

6.2.5.2.2.1.               By Source Market Share Analysis

6.2.5.2.2.2.               By Key Ingredient Market Share Analysis

6.2.5.2.2.3.               By Application Market Share Analysis

6.2.5.2.2.4.               By Variant Market Share Analysis

6.2.5.3.        Mexico Shortenings Market Outlook

6.2.5.3.1.           Market Size & Forecast

6.2.5.3.1.1.               By Value

6.2.5.3.2.           Market Share & Forecast

6.2.5.3.2.1.               By Source Market Share Analysis

6.2.5.3.2.2.               By Key Ingredient Market Share Analysis

6.2.5.3.2.3.               By Application Market Share Analysis

6.2.5.3.2.4.               By Variant Market Share Analysis

7.    Europe Shortenings Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Source Market Share Analysis

7.2.2.    By Key Ingredient Market Share Analysis

7.2.3.    By Application Market Share Analysis

7.2.4.    By Variant Market Share Analysis

7.2.5.    By Country Market Share Analysis

7.2.5.1.        France Shortenings Market Outlook

7.2.5.1.1.           Market Size & Forecast

7.2.5.1.1.1.               By Value

7.2.5.1.2.           Market Share & Forecast

7.2.5.1.2.1.               By Source Market Share Analysis

7.2.5.1.2.2.               By Key Ingredient Market Share Analysis

7.2.5.1.2.3.               By Application Market Share Analysis

7.2.5.1.2.4.               By Variant Market Share Analysis

7.2.5.2.        United Kingdom Shortenings Market Outlook

7.2.5.2.1.           Market Size & Forecast

7.2.5.2.1.1.               By Value

7.2.5.2.2.           Market Share & Forecast

7.2.5.2.2.1.               By Source Market Share Analysis

7.2.5.2.2.2.               By Key Ingredient Market Share Analysis

7.2.5.2.2.3.               By Application Market Share Analysis

7.2.5.2.2.4.               By Variant Market Share Analysis

7.2.5.3.        Italy Shortenings Market Outlook

7.2.5.3.1.           Market Size & Forecast

7.2.5.3.1.1.               By Value

7.2.5.3.2.           Market Share & Forecast

7.2.5.3.2.1.               By Source Market Share Analysis

7.2.5.3.2.2.               By Key Ingredient Market Share Analysis

7.2.5.3.2.3.               By Application Market Share Analysis

7.2.5.3.2.4.               By Variant Market Share Analysis

7.2.5.4.        Germany Shortenings Market Outlook

7.2.5.4.1.           Market Size & Forecast

7.2.5.4.1.1.               By Value

7.2.5.4.2.           Market Share & Forecast

7.2.5.4.2.1.               By Source Market Share Analysis

7.2.5.4.2.2.               By Key Ingredient Market Share Analysis

7.2.5.4.2.3.               By Application Market Share Analysis

7.2.5.4.2.4.               By Variant Market Share Analysis

7.2.5.5.        Spain Shortenings Market Outlook

7.2.5.5.1.           Market Size & Forecast

7.2.5.5.1.1.               By Value

7.2.5.5.2.           Market Share & Forecast

7.2.5.5.2.1.               By Source Market Share Analysis

7.2.5.5.2.2.               By Key Ingredient Market Share Analysis

7.2.5.5.2.3.               By Application Market Share Analysis

7.2.5.5.2.4.               By Variant Market Share Analysis

8.    Asia-Pacific Shortenings Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Source Market Share Analysis

8.2.2.    By Key Ingredient Market Share Analysis

8.2.3.    By Application Market Share Analysis

8.2.4.    By Variant Market Share Analysis

8.2.5.    By Country Market Share Analysis

8.2.5.1.        China Shortenings Market Outlook

8.2.5.1.1.           Market Size & Forecast

8.2.5.1.1.1.               By Value

8.2.5.1.2.           Market Share & Forecast

8.2.5.1.2.1.               By Source Market Share Analysis

8.2.5.1.2.2.               By Key Ingredient Market Share Analysis

8.2.5.1.2.3.               By Application Market Share Analysis

8.2.5.1.2.4.               By Variant Market Share Analysis

8.2.5.2.        India Shortenings Market Outlook

8.2.5.2.1.           Market Size & Forecast

8.2.5.2.1.1.               By Value

8.2.5.2.2.           Market Share & Forecast

8.2.5.2.2.1.               By Source Market Share Analysis

8.2.5.2.2.2.               By Key Ingredient Market Share Analysis

8.2.5.2.2.3.               By Application Market Share Analysis

8.2.5.2.2.4.               By Variant Market Share Analysis

8.2.5.3.        Japan Shortenings Market Outlook

8.2.5.3.1.           Market Size & Forecast

8.2.5.3.1.1.               By Value

8.2.5.3.2.           Market Share & Forecast

8.2.5.3.2.1.               By Source Market Share Analysis

8.2.5.3.2.2.               By Key Ingredient Market Share Analysis

8.2.5.3.2.3.               By Application Market Share Analysis

8.2.5.3.2.4.               By Variant Market Share Analysis

8.2.5.4.        Australia Shortenings Market Outlook

8.2.5.4.1.           Market Size & Forecast

8.2.5.4.1.1.               By Value

8.2.5.4.2.           Market Share & Forecast

8.2.5.4.2.1.               By Source Market Share Analysis

8.2.5.4.2.2.               By Key Ingredient Market Share Analysis

8.2.5.4.2.3.               By Application Market Share Analysis

8.2.5.4.2.4.               By Variant Market Share Analysis

8.2.5.5.        South Korea Shortenings Market Outlook

8.2.5.5.1.           Market Size & Forecast

8.2.5.5.1.1.               By Value

8.2.5.5.2.           Market Share & Forecast

8.2.5.5.2.1.               By Source Market Share Analysis

8.2.5.5.2.2.               By Key Ingredient Market Share Analysis

8.2.5.5.2.3.               By Application Market Share Analysis

8.2.5.5.2.4.               By Variant Market Share Analysis

8.2.5.6.        Indonesia Shortenings Market Outlook

8.2.5.6.1.           Market Size & Forecast

8.2.5.6.1.1.               By Value

8.2.5.6.2.           Market Share & Forecast

8.2.5.6.2.1.               By Source Market Share Analysis

8.2.5.6.2.2.               By Key Ingredient Market Share Analysis

8.2.5.6.2.3.               By Application Market Share Analysis

8.2.5.6.2.4.               By Variant Market Share Analysis

9.    Middle East & Africa Shortenings Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Source Market Share Analysis

9.2.2.    By Key Ingredient Market Share Analysis

9.2.3.    By Application Market Share Analysis

9.2.4.    By Variant Market Share Analysis

9.2.5.    By Country Market Share Analysis

9.2.5.1.        South Africa Shortenings Market Outlook

9.2.5.1.1.           Market Size & Forecast

9.2.5.1.1.1.               By Value

9.2.5.1.2.           Market Share & Forecast

9.2.5.1.2.1.               By Source Market Share Analysis

9.2.5.1.2.2.               By Key Ingredient Market Share Analysis

9.2.5.1.2.3.               By Application Market Share Analysis

9.2.5.1.2.4.               By Variant Market Share Analysis

9.2.5.2.        Saudi Arabia Shortenings Market Outlook

9.2.5.2.1.           Market Size & Forecast

9.2.5.2.1.1.               By Value

9.2.5.2.2.           Market Share & Forecast

9.2.5.2.2.1.               By Source Market Share Analysis

9.2.5.2.2.2.               By Key Ingredient Market Share Analysis

9.2.5.2.2.3.               By Application Market Share Analysis

9.2.5.2.2.4.               By Variant Market Share Analysis

9.2.5.3.        UAE Shortenings Market Outlook

9.2.5.3.1.           Market Size & Forecast

9.2.5.3.1.1.               By Value

9.2.5.3.2.           Market Share & Forecast

9.2.5.3.2.1.               By Source Market Share Analysis

9.2.5.3.2.2.               By Key Ingredient Market Share Analysis

9.2.5.3.2.3.               By Application Market Share Analysis

9.2.5.3.2.4.               By Variant Market Share Analysis

9.2.5.4.        Turkey Shortenings Market Outlook

9.2.5.4.1.           Market Size & Forecast

9.2.5.4.1.1.               By Value

9.2.5.4.2.           Market Share & Forecast

9.2.5.4.2.1.               By Source Market Share Analysis

9.2.5.4.2.2.               By Key Ingredient Market Share Analysis

9.2.5.4.2.3.               By Application Market Share Analysis

9.2.5.4.2.4.               By Variant Market Share Analysis

10.    South America Shortenings Market Outlook

10.1.  Market Size & Forecast

10.1.1.    By Value

10.2.  Market Share & Forecast

10.2.1.    By Source Market Share Analysis

10.2.2.    By Key Ingredient Market Share Analysis

10.2.3.    By Application Market Share Analysis

10.2.4.    By Variant Market Share Analysis

10.2.5.    By Country Market Share Analysis

10.2.5.1.        Argentina Shortenings Market Outlook

10.2.5.1.1.           Market Size & Forecast

10.2.5.1.1.1.               By Value

10.2.5.1.2.           Market Share & Forecast

10.2.5.1.2.1.               By Source Market Share Analysis

10.2.5.1.2.2.               By Key Ingredient Market Share Analysis

10.2.5.1.2.3.               By Application Market Share Analysis

10.2.5.1.2.4.               By Variant Market Share Analysis

10.2.5.2.        Colombia Shortenings Market Outlook

10.2.5.2.1.           Market Size & Forecast

10.2.5.2.1.1.               By Value

10.2.5.2.2.           Market Share & Forecast

10.2.5.2.2.1.               By Source Market Share Analysis

10.2.5.2.2.2.               By Key Ingredient Market Share Analysis

10.2.5.2.2.3.               By Application Market Share Analysis

10.2.5.2.2.4.               By Variant Market Share Analysis

10.2.5.3.        Brazil Shortenings Market Outlook

10.2.5.3.1.           Market Size & Forecast

10.2.5.3.1.1.               By Value

10.2.5.3.2.           Market Share & Forecast

10.2.5.3.2.1.               By Source Market Share Analysis

10.2.5.3.2.2.               By Key Ingredient Market Share Analysis

10.2.5.3.2.3.               By Application Market Share Analysis

10.2.5.3.2.4.               By Variant Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Impact of COVID-19 on Global Shortenings Market

12.1.            Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regional Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Cargill Incorporated

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Conagra Brands Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Bunge Global SA

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Wilmar International Limited

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. The Archer Daniels Midland Company

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. International Foodstuff Company Holdings Limited

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Ventura Foods LLC

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Manildra Group

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. AAK AB

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Associated British Foods PLC

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.            Key Focus Areas

15.2.            Target Source

15.3.            Target Application

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Shortenings Market was estimated to be USD 4.70 billion in 2023.

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Major drivers for the Global Shortenings Market include the rising demand for convenience foods, evolving bakery and confectionery trends, health and wellness considerations, and continuous technological advancements in production processes.

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Major trends in the Global Shortenings Market include the rise of health-conscious consumerism, the adoption of clean label and natural ingredients, growing popularity of plant-based and alternative fats, and an increasing focus on sustainability and ethical sourcing.

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Major challenges for the Global Shortenings Market include health concerns and regulatory pressures, the demand for clean label and natural ingredients, rising raw material costs and supply chain disruptions, and intense competition requiring product differentiation strategies.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Shortenings Market to Grow with a CAGR of 4.27% Globally through 2029

Mar, 2024

Global Shortenings Market is driven by the increasing demand for convenience foods, evolving bakery trends, health considerations, and continuous technological advancements in production processes

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