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Shortenings-Global Market Insights and Sales Trends 2024
Synopsis
This report studies the Shortening market, Shortening refers to edible fats or vegetable or animal origin used in baked goods primarily to improve the eating qualities of the finished product thorugh making it tender and 'short'. There is a variety of shortenings available. These differ mainly in their origin, flavor, and consistency.
The global Shortenings market size is expected to reach US$ 4665.7 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Shortenings in various end use industries. The expanding demands from the Bakery products, Confectionery products, Snacks & savory products and Others, are propelling Shortenings market. Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Butter segment is estimated at % CAGR for the next seven-year period.
In Europe market, Germany is the largest region of Shortening, with a market share about 25%, followed by France and UK, etc. ADM, Walter Rau, AAK, Puratos and Princes Group are the top 5 manufacturers of industry, and they had about 50% combined market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Shortenings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Shortenings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Shortenings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Shortenings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Shortenings covered in this report include Cargill, Bunge Limited, Conagra Brands, Wilmar International Limited, Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO), Ventura Foods, LLC, Manildra Group and AAK AB, etc.
The global Shortenings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cargill
Bunge Limited
Conagra Brands
Wilmar International Limited
Archer Daniels Midland Company
International Foodstuff Company Holdings Limited (IFFCO)
Ventura Foods, LLC
Manildra Group
AAK AB
Associated British Foods PLC (ABF)
Global Shortenings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Shortenings market, Segment by Type:
Oil
Butter
Tallow
Lard
Others
Global Shortenings market, by Application
Bakery products
Confectionery products
Snacks & savory products
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Shortenings manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Shortenings in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
This report studies the Shortening market, Shortening refers to edible fats or vegetable or animal origin used in baked goods primarily to improve the eating qualities of the finished product thorugh making it tender and 'short'. There is a variety of shortenings available. These differ mainly in their origin, flavor, and consistency.
The global Shortenings market size is expected to reach US$ 4665.7 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Shortenings in various end use industries. The expanding demands from the Bakery products, Confectionery products, Snacks & savory products and Others, are propelling Shortenings market. Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Butter segment is estimated at % CAGR for the next seven-year period.
In Europe market, Germany is the largest region of Shortening, with a market share about 25%, followed by France and UK, etc. ADM, Walter Rau, AAK, Puratos and Princes Group are the top 5 manufacturers of industry, and they had about 50% combined market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Shortenings, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Shortenings market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Shortenings market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Shortenings sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Shortenings covered in this report include Cargill, Bunge Limited, Conagra Brands, Wilmar International Limited, Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO), Ventura Foods, LLC, Manildra Group and AAK AB, etc.
The global Shortenings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cargill
Bunge Limited
Conagra Brands
Wilmar International Limited
Archer Daniels Midland Company
International Foodstuff Company Holdings Limited (IFFCO)
Ventura Foods, LLC
Manildra Group
AAK AB
Associated British Foods PLC (ABF)
Global Shortenings market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Shortenings market, Segment by Type:
Oil
Butter
Tallow
Lard
Others
Global Shortenings market, by Application
Bakery products
Confectionery products
Snacks & savory products
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Shortenings manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Shortenings in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Shortenings Market Overview
1.1 Shortenings Product Overview
1.2 Shortenings Market Segment by Type
1.2.1 Oil
1.2.2 Butter
1.2.3 Tallow
1.2.4 Lard
1.2.5 Others
1.3 Global Shortenings Market Size by Type
1.3.1 Global Shortenings Market Size Overview by Type (2018-2029)
1.3.2 Global Shortenings Historic Market Size Review by Type (2018-2023)
1.3.3 Global Shortenings Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Shortenings Sales Breakdown by Type (2018-2023)
1.4.2 Europe Shortenings Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Shortenings Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Shortenings Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Shortenings Sales Breakdown by Type (2018-2023)
2 Global Shortenings Market Competition by Company
2.1 Global Top Players by Shortenings Sales (2018-2023)
2.2 Global Top Players by Shortenings Revenue (2018-2023)
2.3 Global Top Players by Shortenings Price (2018-2023)
2.4 Global Top Manufacturers Shortenings Manufacturing Base Distribution, Sales Area, Product Type
2.5 Shortenings Market Competitive Situation and Trends
2.5.1 Shortenings Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Shortenings Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Shortenings as of 2022)
2.7 Date of Key Manufacturers Enter into Shortenings Market
2.8 Key Manufacturers Shortenings Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Shortenings Status and Outlook by Region
3.1 Global Shortenings Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Shortenings Historic Market Size by Region
3.2.1 Global Shortenings Sales in Volume by Region (2018-2023)
3.2.2 Global Shortenings Sales in Value by Region (2018-2023)
3.2.3 Global Shortenings Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Shortenings Forecasted Market Size by Region
3.3.1 Global Shortenings Sales in Volume by Region (2024-2029)
3.3.2 Global Shortenings Sales in Value by Region (2024-2029)
3.3.3 Global Shortenings Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Shortenings by Application
4.1 Shortenings Market Segment by Application
4.1.1 Bakery products
4.1.2 Confectionery products
4.1.3 Snacks & savory products
4.1.4 Others
4.2 Global Shortenings Market Size by Application
4.2.1 Global Shortenings Market Size Overview by Application (2018-2029)
4.2.2 Global Shortenings Historic Market Size Review by Application (2018-2023)
4.2.3 Global Shortenings Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Shortenings Sales Breakdown by Application (2018-2023)
4.3.2 Europe Shortenings Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Shortenings Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Shortenings Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Shortenings Sales Breakdown by Application (2018-2023)
5 North America Shortenings by Country
5.1 North America Shortenings Historic Market Size by Country
5.1.1 North America Shortenings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Shortenings Sales in Volume by Country (2018-2023)
5.1.3 North America Shortenings Sales in Value by Country (2018-2023)
5.2 North America Shortenings Forecasted Market Size by Country
5.2.1 North America Shortenings Sales in Volume by Country (2024-2029)
5.2.2 North America Shortenings Sales in Value by Country (2024-2029)
6 Europe Shortenings by Country
6.1 Europe Shortenings Historic Market Size by Country
6.1.1 Europe Shortenings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Shortenings Sales in Volume by Country (2018-2023)
6.1.3 Europe Shortenings Sales in Value by Country (2018-2023)
6.2 Europe Shortenings Forecasted Market Size by Country
6.2.1 Europe Shortenings Sales in Volume by Country (2024-2029)
6.2.2 Europe Shortenings Sales in Value by Country (2024-2029)
7 Asia-Pacific Shortenings by Region
7.1 Asia-Pacific Shortenings Historic Market Size by Region
7.1.1 Asia-Pacific Shortenings Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Shortenings Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Shortenings Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Shortenings Forecasted Market Size by Region
7.2.1 Asia-Pacific Shortenings Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Shortenings Sales in Value by Region (2024-2029)
8 Latin America Shortenings by Country
8.1 Latin America Shortenings Historic Market Size by Country
8.1.1 Latin America Shortenings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Shortenings Sales in Volume by Country (2018-2023)
8.1.3 Latin America Shortenings Sales in Value by Country (2018-2023)
8.2 Latin America Shortenings Forecasted Market Size by Country
8.2.1 Latin America Shortenings Sales in Volume by Country (2024-2029)
8.2.2 Latin America Shortenings Sales in Value by Country (2024-2029)
9 Middle East and Africa Shortenings by Country
9.1 Middle East and Africa Shortenings Historic Market Size by Country
9.1.1 Middle East and Africa Shortenings Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Shortenings Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Shortenings Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Shortenings Forecasted Market Size by Country
9.2.1 Middle East and Africa Shortenings Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Shortenings Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Cargill
10.1.1 Cargill Company Information
10.1.2 Cargill Introduction and Business Overview
10.1.3 Cargill Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Cargill Shortenings Products Offered
10.1.5 Cargill Recent Development
10.2 Bunge Limited
10.2.1 Bunge Limited Company Information
10.2.2 Bunge Limited Introduction and Business Overview
10.2.3 Bunge Limited Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bunge Limited Shortenings Products Offered
10.2.5 Bunge Limited Recent Development
10.3 Conagra Brands
10.3.1 Conagra Brands Company Information
10.3.2 Conagra Brands Introduction and Business Overview
10.3.3 Conagra Brands Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Conagra Brands Shortenings Products Offered
10.3.5 Conagra Brands Recent Development
10.4 Wilmar International Limited
10.4.1 Wilmar International Limited Company Information
10.4.2 Wilmar International Limited Introduction and Business Overview
10.4.3 Wilmar International Limited Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Wilmar International Limited Shortenings Products Offered
10.4.5 Wilmar International Limited Recent Development
10.5 Archer Daniels Midland Company
10.5.1 Archer Daniels Midland Company Company Information
10.5.2 Archer Daniels Midland Company Introduction and Business Overview
10.5.3 Archer Daniels Midland Company Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Archer Daniels Midland Company Shortenings Products Offered
10.5.5 Archer Daniels Midland Company Recent Development
10.6 International Foodstuff Company Holdings Limited (IFFCO)
10.6.1 International Foodstuff Company Holdings Limited (IFFCO) Company Information
10.6.2 International Foodstuff Company Holdings Limited (IFFCO) Introduction and Business Overview
10.6.3 International Foodstuff Company Holdings Limited (IFFCO) Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.6.4 International Foodstuff Company Holdings Limited (IFFCO) Shortenings Products Offered
10.6.5 International Foodstuff Company Holdings Limited (IFFCO) Recent Development
10.7 Ventura Foods, LLC
10.7.1 Ventura Foods, LLC Company Information
10.7.2 Ventura Foods, LLC Introduction and Business Overview
10.7.3 Ventura Foods, LLC Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Ventura Foods, LLC Shortenings Products Offered
10.7.5 Ventura Foods, LLC Recent Development
10.8 Manildra Group
10.8.1 Manildra Group Company Information
10.8.2 Manildra Group Introduction and Business Overview
10.8.3 Manildra Group Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Manildra Group Shortenings Products Offered
10.8.5 Manildra Group Recent Development
10.9 AAK AB
10.9.1 AAK AB Company Information
10.9.2 AAK AB Introduction and Business Overview
10.9.3 AAK AB Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.9.4 AAK AB Shortenings Products Offered
10.9.5 AAK AB Recent Development
10.10 Associated British Foods PLC (ABF)
10.10.1 Associated British Foods PLC (ABF) Company Information
10.10.2 Associated British Foods PLC (ABF) Introduction and Business Overview
10.10.3 Associated British Foods PLC (ABF) Shortenings Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Associated British Foods PLC (ABF) Shortenings Products Offered
10.10.5 Associated British Foods PLC (ABF) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Shortenings Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Shortenings Industrial Chain Analysis
11.4 Shortenings Market Dynamics
11.4.1 Shortenings Industry Trends
11.4.2 Shortenings Market Drivers
11.4.3 Shortenings Market Challenges
11.4.4 Shortenings Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Shortenings Distributors
12.3 Shortenings Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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