The global Shortenings market was valued at USD 3.61 billion in 2016 and is projected to reach USD 5.14 billion by 2025, growing at a CAGR of 14.2% from 2017 to 2025.
Shortenings are products that are majorly derived from plant and animal oils. They are majorly used in foodstuffs to prevent gluten formation. Bakery manufacturing is the major consumer due to improved quality of product on usage of shortenings.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing demand for bakery and confectionery products
2. Market Restraints
2.1 Health concerns related to excessive consumptions of fats and oils
Market Segmentation:
The global Shortenings market is segmented on the source, key ingredient, variant, application, process, and region.
1. By Source:
1.1 Vegetable
1.2 Animal
2. By Key Ingredient:
2.1 Oil
2.2 Lard
2.3 Butter
2.4 Tallow
2.5 Others
3. By Variant:
3.1 Liquid Shortening
3.2 Solid Shortening
3.3 All Purpose Shortening
3.4 Cake/Icing Shortening
3.5 Others
4. By Application:
4.1 Confectionery Products
4.2 Savory Snacks
4.3 Bakery
4.4 Others
5. By Process:
5.1 Fractionisation
5.2 Hydrogenation
5.3 Interesterification
5.4 Edible Oil Production Process
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Cargill
2. Bunge Limited
3. Conagra Brands
4. Wilmar International Limites
5. International Foodstuff Company Holdings Limited
6. Manildra Group
7. Associated British Foods PLC
8. AAK AB
9. Ventura Foods LLC
10. Archer Daniels Midland Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Shortenings market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL SHORTENINGS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SHORTENINGS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL SHORTENINGS MARKET, BY SOURCE
5.1 Overview
5.2 Vegetable
5.3 Animal
6 GLOBAL SHORTENINGS MARKET, BY KEY INGREDIENT
6.1 Overview
6.2 Oil
6.3 Lard
6.4 Butter
6.5 Tallow
6.6 Others
7 GLOBAL SHORTENINGS MARKET, BY VARIANT
7.1 Overview
7.2 Liquid Shortening
7.3 Solid Shortening
7.4 All Purpose Shortening
7.5 Cake/Icing Shortening
7.6 Others
8 GLOBAL SHORTENINGS MARKET, BY APPLICATION
8.1 Overview
8.2 Confectionery Products
8.3 Savory Snacks
8.4 Bakery
8.5 Others
9 GLOBAL SHORTENINGS MARKET, BY PROCESS
9.1 Overview
9.2 Fractionisation
9.3 Hydrogenation
9.4 Interesterification
9.5 Edible Oil Production Process
10 GLOBAL SHORTENINGS MARKET, BY GEOGRAPHY
10.1 Overview
10.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
10.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
10.5.1 Brazil
10.5.2 Argentina
10.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
11 GLOBAL SHORTENINGS MARKET COMPETITIVE LANDSCAPE
11.1 Overview
11.2 Company Market Share
11.3 Vendor Landscape
11.4 Key Development Strategies
12 COMPANY PROFILES
12.1 Cargill
12.1.1 Overview
12.1.2 Financial Performance
12.1.3 Product Outlook
12.1.4 Key Developments
12.2 Bunge Limited
12.2.1 Overview
12.2.2 Financial Performance
12.2.3 Product Outlook
12.2.4 Key Developments
12.3 Conagra Brands
12.3.1 Overview
12.3.2 Financial Performance
12.3.3 Product Outlook
12.3.4 Key Developments
12.4 Wilmar International Limited
12.4.1 Overview
12.4.2 Financial Performance
12.4.3 Product Outlook
12.4.4 Key Developments
12.5 International Foodstuff Company Holdings Limited
12.5.1 Overview
12.5.2 Financial Performance
12.5.3 Product Outlook
12.5.4 Key Developments
12.6 Manildra Group
12.6.1 Overview
12.6.2 Financial Performance
12.6.3 Product Outlook
12.6.4 Key Developments
12.7 Associated British Foods PLC
12.7.1 Overview
12.7.2 Financial Performance
12.7.3 Product Outlook
12.7.4 Key Developments
12.8 AAK AB
12.8.1 Overview
12.8.2 Financial Performance
12.8.3 Product Outlook
12.8.4 Key Developments
12.9 Ventura Foods LLC
12.9.1 Overview
12.9.2 Financial Performance
12.9.3 Product Outlook
12.9.4 Key Developments
12.10 Archer Daniels Midland Company
12.10.1 Overview
12.10.2 Financial Performance
12.10.3 Product Outlook
12.10.4 Key Developments
13 Appendix
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