Global Shortening Market Growth 2023-2029

Global Shortening Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Shortening Industry Forecast” looks at past sales and reviews total world Shortening sales in 2022, providing a comprehensive analysis by region and market sector of projected Shortening sales for 2023 through 2029. With Shortening sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shortening industry.

This Insight Report provides a comprehensive analysis of the global Shortening landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shortening portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shortening market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shortening and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shortening.

The global Shortening market size is projected to grow from US$ 3934.2 million in 2022 to US$ 4706.5 million in 2029; it is expected to grow at a CAGR of 4706.5 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Shortening market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

All Purpose Shortening

Emulsified Shortening

High Stability Shortening

Segmentation by application

Baking

Frying

Confectionery and Pastry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Olenex

ADM

Walter Rau

Y?ld?z Holding

VFI GmbH

AAK

Zeelandia

Puratos

Princes Group

HAS Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Shortening market?

What factors are driving Shortening market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Shortening market opportunities vary by end market size?

How does Shortening break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.