Shortenings Market, By Category (Plant-based and Animal-based), by Form (Solid and Liquid), by Application (Bakery & Confectionery, Snacks & Savory, and Others (frying, etc.)), by Distribution Channel (Online Stores and Offline Stores), and by Region (Nor

Shortenings Market, By Category (Plant-based and Animal-based), by Form (Solid and Liquid), by Application (Bakery & Confectionery, Snacks & Savory, and Others (frying, etc.)), by Distribution Channel (Online Stores and Offline Stores), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Shortenings are type of solid fat used in preventing the formulation of gluten matrix in bakery & confectionery and other food products through hydrogenation process. Shortenings are mainly categorized into plant-based and animal-based shortenings. Key players in the market are focused on mergers and acquisitions to increase their market share. For instance, in April 2019, Orkla Food Ingredients, a supplier of bakery ingredients in Europe, acquired Zeelandia Sweden AB, a manufacturer of shortening and other edible oils in Sweden. This acquisition is expected to help Orkla Food Ingredients expand its product portfolio and increase its share in the Europe shortenings market.
Market Dynamics
Based on category, shortenings market is bifurcated into plant-based and animal-based segments. Plant-based segment accounted for the largest share in terms of revenue in global shortenings market in 2021. Plant-based segment contributed for over 90.0% of the total revenue in global shortenings market in 2021. This is owing to features such as more durability and cheaper than animal-based shortenings.
Among regions, in 2021, Asia Pacific held dominant position in the global shortenings market and contributed revenue share of 44.2% in the same year. Factors such as growth of food & beverages industry along with growing usage of shortenings in multiple food preparation applications is predicted to drive growth of Asia Pacific shortenings market in the near future.
Key features of the study:
This report provides in-depth analysis of global shortenings market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global shortenings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Wilmar International Ltd., Ventura Foods, Associated British Foods, AAK, and J. M. Smucker Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global shortenings market report caters to various stakeholders in this industry including investors, suppliers, producers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shortenings market
Detailed Segmentation:
Global Shortenings Market, By Category:
Plant-based
Animal-based
Global Shortenings Market, By Form:
Solid
Liquid
Global Shortenings Market, By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
Global Shortenings Market, By Distribution Channel:
Online Stores
Offline Stores
Global Shortenings Market, By Region:
North America
U.S.
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Canada
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
South America
Brazil
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Argentina
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Mexico
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Rest of South America
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Europe
U.K.
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Germany
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Italy
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Spain
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
France
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Russia
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Rest of Europe
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Asia Pacific
China
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
India
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Japan
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
South Korea
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
ASEAN
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Rest of Asia Pacific
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Middle East
GCC
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Israel
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Rest of Middle East
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Africa
Northern Africa
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Central Africa
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
South Africa
By Category:
Plant-based
Animal-based
By Form:
Solid
Liquid
By Application:
Bakery & Confectionery
Snacks & Savory
Others (frying, etc.)
By Distribution Channel:
Online Stores
Offline Stores
Company Profiles
Cargill, Incorporated*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Archer Daniels Midland Company
Bunge Limited
Wilmar International Ltd.
Ventura Foods
Associated British Foods
AAK
J. M. Smucker Company
“*” marked represents similar segmentation in other categories in the respective section.