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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Shortening Fats Market Analysis
Based on product type, the market is segmented into vegetable based and animal based. Vegetable based are further categorised by type into palm and palm kernel, sunflower seed, and soybeans, among others, whereas animal based is sub-divided based on type into butter, tallow, and lard, among others. On the basis of application, the market is divided into confectionery, ice cream, snacks, and bakery, among others. The regional markets for shortening fats can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global shortening fats market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Shortening Fats Market Report Snapshots
Shortening Fats Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for shortening fats is projected to grow at a CAGR of 4.30% between 2024 and 2032.
The major drivers of the market include the growing innovations in shortening fats, rise in disposable income, altering lifestyles, preferences for eliminating the use of trans fats in the food industry, and growing intake of confectionary products.
The increased spending on the baked foods and confectioneries and surging inclination of customers towards healthy eating are the key industry trends propelling the growth of the market.
The major regions in the shortening fats market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on product type, the market is segmented into vegetable based and animal based. Vegetable based are further segmented into palm and palm kernel, sunflower seed, and soybeans, among others, whereas animal based is sub-divided into butter, tallow, and lard, among others.
On the basis of application, the market is divided into confectionery, ice cream, snacks, and bakery, among others.
The major players in the industry are Cargill, Incorporated, Bunge Limited, Pristine Baking Solutions, Soren Srl, and AAK AB, among others.
Shortening is a cooking ingredient that helps produce crumbly, flaky, and tender baked goods. Since shortening is 100% fat, in comparison to butter and lard's about 80% fat content, it produces extremely delicate cakes, cookies, and pie crusts.
Vegetable shortening or margarine is frequently used in the production of bakery goods such muffins, cakes, pastries, and pies.
Vegetable oils like soybean, cottonseed, or palm oil are used to make the majority of shortening that is now on the market.
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