Shortenings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Shortening is any fat that is a solid at room temperature and used to make crumbly pastry and other food products. Although butter is solid at room temperature and is frequently used in making pastry, the term shortening seldom refers to butter, but is more closely related to margarine.

MARKET DYNAMICS

The shortenings market has witnessed significant growth due to rising owing to benefits offered by vegetable oil such as high presence of antioxidants. Moreover, increasing demand for shortenings provides a huge market opportunity for the key players operating in the shortenings market. However, research and development activities is projected to boost the overall growth of the shortenings market in the forecast period.

MARKET SCOPE

The "Global Shortenings Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Shortenings market with detailed market segmentation ingredients, source, application, and geography. The global Shortenings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Shortenings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Shortenings market is segmented on the basis of ingredients, source, and application. On the basis of ingredients, the global Shortenings market is divided into salsa, ranch, cheese dip, guacamole, hummus, others On the basis of source, the global Shortenings market is divided into organic and conventional. On the basis of application, the global Shortenings market is divided into supermarkets & hypermarkets, speciality stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Shortenings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Shortenings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Shortenings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Shortenings market in these regions.

Shortenings Market Report Analysis

Shortenings Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Archer Daniels Midland Company
• Associated British Foods
• International Foodstuff Company Holdings Limited
• Bunge Limited
• Cargill, Incorporated
• ConAgra Brands
• J. M. Smucker Company
• Manildra Group
• Ventura Foods, LLC

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Ingredients

• Oil
• Butter
• Lard
• Tallow

By Source

• Animal
• Plant

By Application

• Bakery and Confectionery
• RTE and RTC Meals
• Sweet and Savory Snacks

MARKET PLAYERS

The reports cover key developments in the Shortenings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as purity launches, purity approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from Shortenings market is anticipated to lucrative growth opportunities in the future with the rising demand for Shortenings in the global market. Below mentioned is the list of few companies engaged in the Shortenings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Shortenings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Archer Daniels Midland Company
  
•   Associated British Foods
  
•   International Foodstuff Company Holdings Limited
  
•   Bunge Limited
  
•   Cargill, Incorporated
  
•   ConAgra Brands
  
•   J. M. Smucker Company
  
•   Manildra Group
  
•   Ventura Foods, LLC
  
•   Wilmar International Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Shortenings Market Report Scope