Global shortenings fats market is projected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The bakery segment is expected to be the fastest-growing segment in the global shortenings fats market, with a CAGR of 4.4% from 2021-2030. The bakery segment is projected to account for over one-third of the total revenue generated by the global shortenings fats market in 2030, followed by confectionery and snacks & savory segments with respective shares of 27% and 25%.
The North American region accounted for over one-third share in terms of revenue generated from shortenings fats in 2017 and is expected to maintain its dominance throughout the forecast period as well, owing primarily to its large population base and high per capita consumption rates for bakery products such as breads, cakes, cookies etc, which are major end uses for shortening fat products.
Some Of The Growth Factors Of This Market:
- The global population is increasing and the demand for food is also increasing.
- The global population is aging and the demand for food is also increasing.
- There are more people in the world who are becoming obese, which means they need more fats to maintain their weight and health levels.
- There are more people in the world who have diabetes, which means they need more fats to maintain their weight and health levels as well as control blood sugar levels.
- More people in developing countries are moving into cities, which means that there will be a higher demand for processed foods with shortening fats.
Industry Growth Insights published a new data on “Shortenings Fats Market”. The research report is titled “Shortenings Fats Market research by Types (Oil, Butter, Lard, Tallow, Other), By Applications (Bakery, Confectionery, Snacks & Savory, Other), By Players/Companies Archer Daniels Midland, Cargill, AAK AB, Wilmar International, Bunge, Manildra, Associated British Foods, Ventura Foods, ConAgra Brands, International Foodstuff Company Holdings Limited”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shortenings Fats Market Research Report
By Type
Oil, Butter, Lard, Tallow, Other
By Application
Bakery, Confectionery, Snacks & Savory, Other
By Companies
Archer Daniels Midland, Cargill, AAK AB, Wilmar International, Bunge, Manildra, Associated British Foods, Ventura Foods, ConAgra Brands, International Foodstuff Company Holdings Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Shortenings Fats Market Report Segments:
The global Shortenings Fats market is segmented on the basis of:
Types
Oil, Butter, Lard, Tallow, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery, Confectionery, Snacks & Savory, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland
- Cargill
- AAK AB
- Wilmar International
- Bunge
- Manildra
- Associated British Foods
- Ventura Foods
- ConAgra Brands
- International Foodstuff Company Holdings Limited
Highlights of The Shortenings Fats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil
- Butter
- Lard
- Tallow
- Other
- By Application:
- Bakery
- Confectionery
- Snacks & Savory
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shortenings Fats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shortenings fats are a type of fat that have been chemically altered so that they are less than the full-fat version. They can be used in place of regular fats in recipes to cut down on calories and fat.
Some of the key players operating in the shortenings fats market are Archer Daniels Midland, Cargill, AAK AB, Wilmar International, Bunge, Manildra, Associated British Foods, Ventura Foods, ConAgra Brands, International Foodstuff Company Holdings Limited.
The shortenings fats market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shortenings Fats Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shortenings Fats Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shortenings Fats Market - Supply Chain
4.5. Global Shortenings Fats Market Forecast
4.5.1. Shortenings Fats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shortenings Fats Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shortenings Fats Market Absolute $ Opportunity
5. Global Shortenings Fats Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shortenings Fats Market Size and Volume Forecast by Type
5.3.1. Oil
5.3.2. Butter
5.3.3. Lard
5.3.4. Tallow
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shortenings Fats Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shortenings Fats Market Size and Volume Forecast by Application
6.3.1. Bakery
6.3.2. Confectionery
6.3.3. Snacks & Savory
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shortenings Fats Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shortenings Fats Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shortenings Fats Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shortenings Fats Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shortenings Fats Demand Share Forecast, 2019-2029
9. North America Shortenings Fats Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shortenings Fats Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shortenings Fats Market Size and Volume Forecast by Application
9.4.1. Bakery
9.4.2. Confectionery
9.4.3. Snacks & Savory
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shortenings Fats Market Size and Volume Forecast by Type
9.7.1. Oil
9.7.2. Butter
9.7.3. Lard
9.7.4. Tallow
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shortenings Fats Demand Share Forecast, 2019-2029
10. Latin America Shortenings Fats Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shortenings Fats Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shortenings Fats Market Size and Volume Forecast by Application
10.4.1. Bakery
10.4.2. Confectionery
10.4.3. Snacks & Savory
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shortenings Fats Market Size and Volume Forecast by Type
10.7.1. Oil
10.7.2. Butter
10.7.3. Lard
10.7.4. Tallow
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shortenings Fats Demand Share Forecast, 2019-2029
11. Europe Shortenings Fats Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shortenings Fats Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shortenings Fats Market Size and Volume Forecast by Application
11.4.1. Bakery
11.4.2. Confectionery
11.4.3. Snacks & Savory
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shortenings Fats Market Size and Volume Forecast by Type
11.7.1. Oil
11.7.2. Butter
11.7.3. Lard
11.7.4. Tallow
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shortenings Fats Demand Share, 2019-2029
12. Asia Pacific Shortenings Fats Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shortenings Fats Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shortenings Fats Market Size and Volume Forecast by Application
12.4.1. Bakery
12.4.2. Confectionery
12.4.3. Snacks & Savory
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shortenings Fats Market Size and Volume Forecast by Type
12.7.1. Oil
12.7.2. Butter
12.7.3. Lard
12.7.4. Tallow
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shortenings Fats Demand Share, 2019-2029
13. Middle East & Africa Shortenings Fats Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shortenings Fats Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shortenings Fats Market Size and Volume Forecast by Application
13.4.1. Bakery
13.4.2. Confectionery
13.4.3. Snacks & Savory
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shortenings Fats Market Size and Volume Forecast by Type
13.7.1. Oil
13.7.2. Butter
13.7.3. Lard
13.7.4. Tallow
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shortenings Fats Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Shortenings Fats Market: Market Share Analysis
14.2. Shortenings Fats Distributors and Customers
14.3. Shortenings Fats Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cargill
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AAK AB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wilmar International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bunge
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Manildra
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Associated British Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ventura Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ConAgra Brands
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. International Foodstuff Company Holdings Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
