Email Us
View Reports

  1. Home
  2. Categories
  3. Food and Beverages
  4. Reports
  5. Global Shortenings Market Analysis and Forecast to 2022 | Growth Opportunity Assessment
Global Shortenings Market Analysis and Forecast to 2022 | Growth Opportunity Ass

Global Shortenings Market Analysis and Forecast to 2022 | Growth Opportunity Assessment

  • ID : 1785577  |  
  • Published : Feb-2018  |  
  • Region : Global  |  
  • Pages : 157   |  
  • Publisher : Acute Market Insights

The shortenings market is projected to grow at a CAGR of 4.2%, in terms of value, from 2017 to reach a projected value of USD 4.57 Billion by 2022. Shortenings find a wide range of applications in the confectionery, bakery, and snacks & savory sectors. The factors such as increase in demand for shortenings in various food applications, and rise in demand for bakery and confectionery products has fueled the growth in the market. Affordability, convenience, and health benefits are the main factors that drive the baked foods market. The market for products such as breads, cereal, cakes, biscuits, and pastries is well-established in Europe. Whereas, demand for bakery and confectionery products is increasing in the Asia-Pacific region with the growing per capita consumption of breads and baked goods._x000D_

On the basis of key ingredient, the global shortenings market is segmented into oil, butter, lard, tallow, and others. The oil segment dominated the market owing to its major use in the production of various shortening products and wider availability._x000D_

On the basis of source, the global shortenings market is segmented into vegetable and animal. The vegetable segment dominated the market. The high market demand for vegetable shortenings in the industry can be attributed to the increase in awareness for healthy, fortified, non-hydrogenated trans-free vegetable shortenings._x000D_

The shortenings market is segmented on the basis of application into bakery products, confectionery products, and snacks & savory products, and others including sauces, gravies, and soups. The bakery products segment accounted for the largest share in the market. The change in consumer preferences toward the trans-fat-free products has led to the increase in demand for shortening products made with modern processes such as interesterification._x000D_

The shortenings market is segmented on the basis of variant into solid, liquid, cake/icing, all-purpose, and others. The solid segment dominated the market in 2016, whereas the all-purpose segment is projected to grow at the highest CAGR followed by the cake/icing segment. All-purpose shortenings are in demand owing to their versatile nature and multi-functional characteristics. This versatility helps them to blend well with other ingredients and give a rich and uniform taste and texture to cakes, cookies, biscuits, pie crusts, and pastries._x000D_

The Asia-Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global shortenings market, in 2016. The Asia-Pacific region comprises developing economies such as India, China, Malaysia, and Indonesia. With the rise in population and improvements in the purchasing power of consumers in developing countries such as China and India, the market in this region is expected to witness a high growth in the future. The changes in eating habits of consumers in this region have resulted in a rise in the consumption of bakery products and snacks. These factors drive the shortenings market in the Asia-Pacific region._x000D_

The consumption of trans-fatty acids is strongly associated with an increased risk of cardiovascular diseases and cancer. As a result, additional regulations are laid down on the usage of liquid oils directly in sweet goods and icings. Thus, awareness regarding the negative health effects of trans-fatty acids is affecting the confectionery ingredients industry, and in turn, the shortenings market._x000D_

The market is dominated by key players such as Archer Daniels Midland Company (U.S.), Cargill (U.S.), AAK AB (Sweden), Wilmar International Limited (Singapore), and Bunge Limited (U.S.). Other players in this segment include Manildra Group (Australia), Associated British Foods (U.K.), Ventura Foods, LLC (U.S.), ConAgra Brands (U.S.), and International Foodstuff Company Holdings Limited (UAE). The key players adopted strategic developments such as new product launches, acquisitions, joint ventures, expansions, collaborations & partnerships, and agreement & investments, in order to explore the market in new geographies.

Table of Contents_x000D_

1 Introduction (Page No. - 14)_x000D_

    1.1 Objectives of the Study _x000D_

    1.2 Market Definition _x000D_

    1.3 Study Scope _x000D_

           1.3.1 Geographic Scope_x000D_

    1.4 Periodization Considered _x000D_

    1.5 Currency _x000D_

    1.6 Unit _x000D_

    1.7 Stakeholders _x000D_

    1.8 Limitations_x000D_

2 Research Methodology (Page No. - 19)_x000D_

    2.1 Research Data _x000D_

           2.1.1 Secondary Data_x000D_

                    2.1.1.1 Key Data From Secondary Sources_x000D_

           2.1.2 Primary Data_x000D_

                    2.1.2.1 Key Data From Primary Sources_x000D_

                    2.1.2.2 Breakdown of Primaries By Company Type, Designation & Region_x000D_

    2.2 Market Size Estimation _x000D_

    2.3 Market Breakdown & Data Triangulation _x000D_

    2.4 Research Assumptions _x000D_

    2.5 Macroeconomic Indicators _x000D_

           2.5.1 Developing Economies With Emerging Middle-Income Population and Increasing Per Capita Income & Consumption_x000D_

3 Executive Summary (Page No. - 31)_x000D_

4 Premium Insights (Page No. - 35)_x000D_

    4.1 Overview of Global Shortenings Market _x000D_

    4.2 Key Shortening Markets _x000D_

    4.3 Shortenings Market, By Key Ingredient _x000D_

    4.4 Asia-Pacific Dominated Global Shortenings Market _x000D_

    4.5 Shortenings Market for F&B, By Sub-Segment_x000D_

5 Market Overview (Page No. - 41)_x000D_

    5.1 Introduction _x000D_

    5.2 Market Segmentation _x000D_

    5.3 Market Dynamics _x000D_

           5.3.1 Drivers_x000D_

                    5.3.1.1 Rise in Demand for Shortenings in Bakery Products Due to Increasing Demand for Baked Foods_x000D_

                               5.3.1.1.1 Changing Lifestyles Causing Rise in Demand for Bakery Products_x000D_

                               5.3.1.1.2 Rise in Demand for Shortenings in Bakery Products_x000D_

           5.3.2 Restraints_x000D_

                    5.3.2.1 Health Concerns Related to Excessive Consumption of Fats & Oils_x000D_

           5.3.3 Opportunities_x000D_

                    5.3.3.1 Demand for Low-Calorie Products From Consumers_x000D_

                    5.3.3.2 Emerging Applications of Baking Ingredients_x000D_

           5.3.4 Challenges_x000D_

                    5.3.4.1 Increase in Usage of Substitutes for Shortenings_x000D_

                    5.3.4.2 Demand for Clean Label Products From Consumers_x000D_

6 Industry Trends (Page No. - 47)_x000D_

    6.1 Introduction _x000D_

    6.2 Value Chain Analysis _x000D_

           6.2.1 International Patents for Shortenings_x000D_

7 Shortenings Market, By Source (Page No. - 53)_x000D_

    7.1 Introduction _x000D_

    7.2 Vegetable Shortenings _x000D_

    7.3 Animal Shortenings_x000D_

8 Shortenings Market, By Key Ingredient (Page No. - 58)_x000D_

    8.1 Introduction _x000D_

    8.2 Oil _x000D_

    8.3 Butter _x000D_

    8.4 Lard _x000D_

    8.5 Tallow _x000D_

    8.6 Others_x000D_

9 Shortenings Market, By Variant (Page No. - 67)_x000D_

    9.1 Introduction _x000D_

    9.2 Solid Shortening _x000D_

    9.3 Liquid Shortening _x000D_

    9.4 Cake/Icing Shortening _x000D_

    9.5 All-Purpose Shortening _x000D_

    9.6 Other Shortening Variants_x000D_

10 Shortenings Market, By Application (Page No. - 74)_x000D_

     10.1 Introduction _x000D_

     10.2 Bakery Products _x000D_

     10.3 Snacks & Savory Products _x000D_

     10.4 Confectionery Products _x000D_

     10.5 Other Applications_x000D_

11 Shortenings Market, By Region (Page No. - 81)_x000D_

     11.1 Introduction _x000D_

     11.2 North America _x000D_

     11.3 Europe _x000D_

     11.4 Asia-Pacific _x000D_

     11.5 Rest of the World_x000D_

12 Shortenings, By Process (Page No. - 103)_x000D_

     12.1 Introduction _x000D_

     12.2 Edible Oil Production Process _x000D_

     12.3 Hydrogenation _x000D_

     12.4 Fractionation _x000D_

     12.5 Interesterification_x000D_

13 Shortenings, By Brand (Page No. - 106)_x000D_

     13.1 Introduction _x000D_

     13.2 Novalipid _x000D_

     13.3 Extend _x000D_

     13.4 Clear Valley _x000D_

     13.5 Wesson _x000D_

     13.6 Sanstrans_x000D_

14 Competitive Landscape (Page No. - 108)_x000D_

     14.1 Overview _x000D_

     14.2 Shortenings Market Share Analysis _x000D_

     14.3 Competitive Situation & Trends _x000D_

             14.3.1 Expansions & Investments_x000D_

             14.3.2 Acquisitions_x000D_

             14.3.3 Joint Ventures, Collaborations, Agreements, and Partnerships_x000D_

             14.3.4 New Product Launches_x000D_

15 Company Profiles (Page No. - 119)_x000D_

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Research Cosmos View)*_x000D_

     15.1 Introduction _x000D_

     15.2 Cargill _x000D_

     15.3 Bunge Limited _x000D_

     15.4 Conagra Brands _x000D_

     15.5 Wilmar International Limited _x000D_

     15.6 Archer Daniels Midland Company _x000D_

     15.7 International Foodstuff Company Holdings Limited (IFFCO) _x000D_

     15.8 Ventura Foods, LLC _x000D_

     15.9 Manildra Group _x000D_

     15.10 AAK AB _x000D_

     15.11 Associated British Foods PLC (ABF)_x000D_

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Research Cosmos View Might Not Be Captured in Case of Unlisted Companies._x000D_

16 Appendix (Page No. - 157)_x000D_

     16.1 Key Industry Insights _x000D_

     16.2 Discussion Guide _x000D_

     16.3 Knowledge Store: Research Cosmos’ Subscription Portal _x000D_

     16.4 Introducing RT: Real-Time Market Intelligence _x000D_

     16.5 Available Customizations _x000D_

     16.6 Author Details

List of Tables (83 Tables)_x000D_

Table 1 International Patents Related to Shortenings, 1919 to 2013_x000D_

Table 2 Shortenings Market Size, By Source, 2015–2022 (USD Million)_x000D_

Table 3 Shortenings Market Size, By Source, 2015–2022 (KT)_x000D_

Table 4 Vegetable Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 5 Vegetable Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 6 Animal Shortenings Market Size, By Region, 2015–2022 (USD Million_x000D_

Table 7 Animal Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 8 Shortenings Market Size, By Key Ingredient, 2015–2022 (USD Million)_x000D_

Table 9 Shortenings Market Size, By Key Ingredient, 2015–2022 (KT)_x000D_

Table 10 Oil-Based Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 11 Oil-Based Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 12 Butter-Based Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 13 Butter-Based Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 14 Lard-Based Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 15 Lard-Based Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 16 Tallow-Based Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 17 Tallow-Based Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 18 Others: Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 19 Others: Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 20 Typical Solid Fat Content (SFC) Values for Shortenings_x000D_

Table 21 Shortenings Market Size, By Variant, 2015–2022 (USD Million)_x000D_

Table 22 Shortenings Market Size, By Variant, 2015-2022 (KT)_x000D_

Table 23 Solid Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 24 Liquid Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 25 Cake/Icing Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 26 All-Purpose Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 27 Other Shortening Variants Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 28 Shortenings Market Size, By Application, 2015–2022 (USD Million)_x000D_

Table 29 Shortenings Market Size, By Application, 2015–2022 (KT)_x000D_

Table 30 Bakery Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 31 Bakery Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 32 Snacks & Savory Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 33 Snacks & Savory Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 34 Confectionery Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 35 Confectionery Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 36 Other Applications Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 37 Other Applications Market Size, By Region, 2015–2022 (KT)_x000D_

Table 38 Global Shortenings Market Size, By Region, 2015–2022 (USD Million)_x000D_

Table 39 Global Shortenings Market Size, By Region, 2015–2022 (KT)_x000D_

Table 40 North America: Shortenings Market Size, By Country, 2015–2022 (USD Million)_x000D_

Table 41 North America: Shortenings Market Size, By Country, 2015–2022 (KT)_x000D_

Table 42 North America: Shortenings Market Size, By Source, 2015–2022 (USD Million)_x000D_

Table 43 North America: Shortenings Market Size, By Source, 2015–2022 (KT)_x000D_

Table 44 North America: Shortenings Market Size, By Key Ingredient, 2015–2022 (USD Million)_x000D_

Table 45 North America: Shortenings Market Size, By Key Ingredient, 2015–2022 (KT)_x000D_

Table 46 North America: Shortenings Market Size, By Variant, 2015–2022 (USD Million)_x000D_

Table 47 North America: Shortenings Market Size, By Variant, 2015-2022 (KT)_x000D_

Table 48 North America: Shortenings Market Size, By Application, 2015–2022 (USD Million)_x000D_

Table 49 North America: Shortenings Market Size, By Application, 2015–2022 (KT)_x000D_

Table 50 Europe: Shortenings Market Size, By Country, 2015–2022 (USD Million)_x000D_

Table 51 Europe: Shortenings Market Size, By Country, 2015–2022 (KT)_x000D_

Table 52 Europe: Shortenings Market Size, By Source, 2015–2022 (USD Million)_x000D_

Table 53 Europe: Shortenings Market Size, By Source, 2015–2022 (KT)_x000D_

Table 54 Europe: Shortenings Market Size, By Key Ingredient, 2015–2022 (USD Million)_x000D_

Table 55 Europe: Shortenings Market Size, By Key Ingredient, 2015–2022 (KT)_x000D_

Table 56 Europe: Shortenings Market Size, By Variant, 2015–2022 (USD Million)_x000D_

Table 57 Europe: Shortenings Market Size, By Variant, 2015–2022 (KT)_x000D_

Table 58 Europe: Shortenings Market Size, By Application, 2015–2022 (USD Million)_x000D_

Table 59 Europe: Shortenings Market Size, By Application, 2015–2022 (KT)_x000D_

Table 60 Asia-Pacific: Shortenings Market Size, By Country, 2015–2022 (USD Million)_x000D_

Table 61 Asia-Pacific: Shortenings Market Size, By Country, 2015–2022 (KT)_x000D_

Table 62 Asia-Pacific: Shortenings Market Size, By Source, 2015–2022 (USD Million)_x000D_

Table 63 Asia-Pacific: Shortenings Market Size, By Source, 2015–2022 (KT)_x000D_

Table 64 Asia-Pacific: Shortenings Market Size, By Key Ingredient, 2015–2022 (USD Million)_x000D_

Table 65 Asia-Pacific: Shortenings Market Size, By Key Ingredient, 2015–2022 (KT)_x000D_

Table 66 Asia-Pacific: Shortenings Market Size, By Variant, 2015–2022 (USD Million)_x000D_

Table 67 Asia-Pacific: Shortenings Market Size, By Variant, 2015–2022 (KT)_x000D_

Table 68 Asia-Pacific: Shortenings Market Size, By Application, 2015–2022 (USD Million)_x000D_

Table 69 Asia-Pacific: Shortenings Market Size, By Application, 2015–2022 (KT)_x000D_

Table 70 RoW: Shortenings Market Size, By Country, 2015–2022 (USD Million)_x000D_

Table 71 RoW: Shortenings Market Size, By Country, 2015–2022 (KT)_x000D_

Table 72 RoW: Shortenings Market Size, By Source, 2015–2022 (USD Million)_x000D_

Table 73 RoW: Shortenings Market Size, By Source, 2015–2022 (KT)_x000D_

Table 74 RoW: Shortenings Market Size, By Key Ingredient, 2015–2022 (USD Million)_x000D_

Table 75 RoW: Shortenings Market Size, By Key Ingredient, 2015–2022 (KT)_x000D_

Table 76 RoW: Shortenings Market Size, By Variant, 2015–2022 (USD Million)_x000D_

Table 77 RoW: Shortenings Market Size, By Variant, 2015–2022 (KT)_x000D_

Table 78 RoW: Shortenings Market Size, By Application, 2015–2022 (USD Million)_x000D_

Table 79 RoW: Shortenings Market Size, By Application, 2015–2022 (KT)_x000D_

Table 80 Expansions & Investments, 2012–2016_x000D_

Table 81 Acquisitions, 2012–2016_x000D_

Table 82 Joint Ventures, Collaborations, Agreements, and Partnerships, 2012–2016_x000D_

Table 83 New Product Launches, 2012–2016

List of Figures (45 Figures)_x000D_

Figure 1 Shortenings Market Segmentation_x000D_

Figure 2 Shortenings Market: Research Design_x000D_

Figure 3 Market Size Estimation Methodology: Bottom-Up Approach_x000D_

Figure 4 Market Size Estimation Methodology: Top-Down Approach_x000D_

Figure 5 Data Triangulation Methodology_x000D_

Figure 6 Global GDP at Current Prices From 2010 to 2020 (USD Billion)_x000D_

Figure 7 U.S., China, Japan, Germany & U.K. the Top Five Economies Based on GDP (Ppp) in 2015_x000D_

Figure 8 Asia-Pacific Middle-Class to Hold Largest Share in Global Population By 2030_x000D_

Figure 9 Increase in Global Per Capita Disposable Income, 2010–2014_x000D_

Figure 10 Global Shortenings Market Size, By Region, 2017–2022 (USD Million)_x000D_

Figure 11 Oil to Hold Largest Share of Shortenings Market, By Key Ingredient, During 2017–2022 (USD Million)_x000D_

Figure 12 Bakery Products to Account for Largest Share of Shortenings Application Market During 2017-2022_x000D_

Figure 13 Asia-Pacific to Record Highest Growth in Global Shortenings Market During 2017–2022_x000D_

Figure 14 Favorable Functionalities and Growth in Developing Regions Driving Shortenings Market_x000D_

Figure 15 Emerging Markets to Drive Growth of Global Shortenings Market_x000D_

Figure 16 Asia-Pacific Shortenings Market Poised for Robust Growth During 2017-2022_x000D_

Figure 17 Oil Segment to Record Highest Growth in Shortenings Market, By Key Ingredient, During 2017-2022_x000D_

Figure 18 Oil Segment Holds Largest Share in Asia-Pacific Shortenings Market, By Key Ingredient, in 2016_x000D_

Figure 19 Bakery Products to Hold Largest Share in F&B Shortenings Market During 2017-2022 (USD Million)_x000D_

Figure 20 Shortenings Market Segmentation_x000D_

Figure 21 Rising Demand for Bakery & Confectionery Products and Processed Foods the Key Driver of Shortenings Market_x000D_

Figure 22 European Per Capita Consumption of Fine Baked Goods During 2009-2014 (Kilograms)_x000D_

Figure 23 Value Chain Analysis: Major Value Addition Takes Place During Manufacturing and Assembly_x000D_

Figure 24 Shortenings: International Patents Filing Trend_x000D_

Figure 25 Shortenings Market Size, By Source, 2017 vs 2022 (USD Million)_x000D_

Figure 26 Shortenings Market Size, By Key Ingredient, 2017 vs 2022 (USD Million)_x000D_

Figure 27 Shortenings Market Size, By Variant, 2017 vs 2022 (USD Million )_x000D_

Figure 28 Shortenings Market Size, By Application, 2017 vs 2022 (USD Million)_x000D_

Figure 29 Geographic Snapshot: Emerging New Hotspots for Shortenings Market, CAGR% (2017–2022)_x000D_

Figure 30 Asia-Pacific Shortenings Market Snapshot_x000D_

Figure 31 Expansions & Investments the Most Preferred Strategy Among Companies in Shortenings Market During 2012–2016_x000D_

Figure 32 Shortenings Market Share (Developments), By Key Player, 2015 - 2016_x000D_

Figure 33 Expansions & Investments and Acquisitions Fueled Growth & Innovation in the Shortenings Market During 2012-2016_x000D_

Figure 34 Geographic Revenue Mix of Top Five Shortenings Producers_x000D_

Figure 35 Cargill: Company Snapshot_x000D_

Figure 36 Cargill: SWOT Analysis_x000D_

Figure 37 Bunge Limited: Company Snapshot_x000D_

Figure 38 Bunge Limited: SWOT Analysis_x000D_

Figure 39 Conagra Brands: Company Snapshot_x000D_

Figure 40 Wilmar International Limited: Company Snapshot_x000D_

Figure 41 Wilmar International Limited: SWOT Analysis_x000D_

Figure 42 Archer Daniels Midland Company: Company Snapshot_x000D_

Figure 43 Archer Daniels Midland Company: SWOT Analysis_x000D_

Figure 44 AAK AB: Company Snapshot_x000D_

Figure 45 Associated British Foods PLC: Company Snapshot


Related Reports

Smart Syringe Market by Product Type - Auto Disable, Active
listing image

Smart Syringe Market by Product Type - Auto Disable, Active


  • ID : 1956002687  |  
  • Published : Oct-2024   |  
  • Region : Global  |  
  • Pages : 301
Thailand Outbound Tourism Market Research Report 2018 | Rese
listing image

Thailand Outbound Tourism Market Research Report 2018 | Rese


  • ID : 60079451  |  
  • Published : Apr-2018   |  
  • Region : Asia Pacific  |  
  • Pages : 120
Virtual Router Market Size and Demand Forecast Report 2025 |
listing image

Virtual Router Market Size and Demand Forecast Report 2025 |


  • ID : 190979620  |  
  • Published : Oct-2024   |  
  • Region : Global  |  
  • Pages : 182

Purchase this Market Research Report

Add to cart Buy Now

REACH OUT TO US

Call us on : +1 888 709 8757

Drop us an email at : info@researchcosmos.com

HAVE A QUESTION?