Global Shortenings Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Shortenings 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 Shortenings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shortenings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shortenings 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 Shortenings.

The global Shortenings market size is projected to grow from US$ 3934.1 million in 2022 to US$ 4574.7 million in 2029; it is expected to grow at a CAGR of 4574.7 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 Shortenings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Oil
Butter
Tallow
Lard
Others

Segmentation by application
Bakery products
Confectionery products
Snacks & savory products
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.
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)

Key Questions Addressed in this Report

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

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

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

How do Shortenings market opportunities vary by end market size?

How does Shortenings 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.