Shortenings Market by Key Ingredient (Oil, Butter, Lard, Tallow), Source (Vegetable, Animal), Variant (Solid, Liquid, All-purpose, Cake/Icing), Application (Bakery, Confectionery, Snacks & Savory), and Region - Global Forecast to 2022

  • ID: 4117899
  • Report
  • Region: Global
  • 166 Pages
  • Markets and Markets
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The Shortenings Market Is Projected to Grow at a CAGR of 4.2% from 2017 and Reach USD 4.57 Billion by 2022

FEATURED COMPANIES

  • Aak Ab
  • Bunge Limited
  • Cargill
  • Conagra Brands
  • Manildra Group
  • Ventura Foods, Llc
  • MORE

“Shortenings market is projected to grow at a CAGR of 4.2%”

The shortenings market is projected to grow at a CAGR of 4.2% from 2017 and reach USD 4.57 billion by 2022. The demand for shortenings is projected to grow, owing to the developments in industries such as bakery, confectionery, and snacks & savory, and the growth in demand for convenience food products in the Asia-Pacific region drives the shortenings market.

“Oil segment, by key ingredient, is projected to be the fastest-growing”

Vegetable oil such as palm oil is widely grown in most Asia-Pacific countries and it is also the most economic source of oil to manufacture shortenings at a global level. The oil segment, by key ingredient, is projected to grow at the highest CAGR from 2017 to 2022, in terms of value. Oil is extensively used for manufacturing wide range of shortenings such as cake shortenings, all-purpose shortenings, and solid shortenings due to its availability and low cost. Asia being the center for the production and consumption trends for the global shortenings market, oil, particularly palm oil, in Asia is estimated to be the key driver in the future, with a prime focus on convenience foods in China and India.

“Asia-Pacific is projected to be the fastest-growing region in the market.”

The Asia-Pacific region accounted for the largest share, in terms of both value and volume, in the global shortenings market, in 2016. The industrial applications and technologies involved in oil processing are changing rapidly in the Asia-Pacific countries, especially the sub-continent. This region comprises developing economies such as China and India, which are the largest consumers of fats & oils in the world, and Indonesia and Malaysia, which are the largest producers of palm oil.

Break-up of primaries:

  • By Company Type: Tier 1 - 50 %, Tier 2 - 22%, and Tier 3 - 28%
  • By Designation: C level - 28%, Director level - 22%, and Others - 50%
  • By Region: North America - 59%, Asia-Pacific - 22%, Europe - 11%, and RoW - 08%

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)

Research Coverage:

The report provides an analysis on the shortenings market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such key ingredient, source, variant, application, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall shortenings market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Aak Ab
  • Bunge Limited
  • Cargill
  • Conagra Brands
  • Manildra Group
  • Ventura Foods, Llc
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Geographic Scope
1.4 Periodization Considered
1.5 Currency
1.6 Unit
1.7 Stakeholders
1.8 Limitations

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries By Company Type, Designation & Region
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Macroeconomic Indicators
2.5.1 Developing Economies With Emerging Middle-Income Population And Increasing Per Capita Income & Consumption

3 Executive Summary

4 Premium Insights
4.1 Overview of Global Shortenings Market
4.2 Key Shortening Markets
4.3 Shortenings Market, By Key Ingredient
4.4 Asia-Pacific Dominated Global Shortenings Market
4.5 Shortenings Market for F&B, By Sub-Segment

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rise in Demand for Shortenings in Bakery Products Due to Increasing Demand for Baked Foods
5.3.1.1.1 Changing Lifestyles Causing Rise in Demand for Bakery Products
5.3.1.1.2 Rise in Demand for Shortenings in Bakery Products
5.3.2 Restraints
5.3.2.1 Health Concerns Related to Excessive Consumption of Fats & Oils
5.3.3 Opportunities
5.3.3.1 Demand for Low-Calorie Products from Consumers
5.3.3.2 Emerging Applications of Baking Ingredients
5.3.4 Challenges
5.3.4.1 Increase in Usage of Substitutes for Shortenings
5.3.4.2 Demand for Clean Label Products from Consumers

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 International Patents for Shortenings

7 Shortenings Market, By Source
7.1 Introduction
7.2 Vegetable Shortenings
7.3 Animal Shortenings

8 Shortenings Market, By Key Ingredient
8.1 Introduction
8.2 Oil
8.3 Butter
8.4 Lard
8.5 Tallow
8.6 Others

9 Shortenings Market, By Variant
9.1 Introduction
9.2 Solid Shortening
9.3 Liquid Shortening
9.4 Cake/Icing Shortening
9.5 All-Purpose Shortening
9.6 Other Shortening Variants
 
10 Shortenings Market, By Application
10.1 Introduction
10.2 Bakery Products
10.3 Snacks & Savory Products
10.4 Confectionery Products
10.5 Other Applications

11 Shortenings Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Rest of the World

12 Shortenings, By Process
12.1 Introduction
12.2 Edible Oil Production Process
12.3 Hydrogenation
12.4 Fractionation
12.5 Interesterification

13 Shortenings, By Brand
13.1 Introduction
13.2 Novalipid
13.3 Extend
13.4 Clear Valley
13.5 Wesson
13.6 Sanstrans

14 Competitive Landscape
14.1 Overview
14.2 Shortenings Market Share Analysis
14.3 Competitive Situation & Trends
14.3.1 Expansions & Investments
14.3.2 Acquisitions
14.3.3 Joint Ventures, Collaborations, Agreements, And Partnerships
14.3.4 New Product Launches
 
15 Company Profiles
(Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)*
15.1 Introduction
15.2 Cargill
15.3 Bunge Limited
15.4 Conagra Brands
15.5 Wilmar International Limited
15.6 Archer Daniels Midland Company
15.7 International Foodstuff Company Holdings Limited (Iffco)
15.8 Ventura Foods, Llc
15.9 Manildra Group
15.10 Aak Ab
15.11 Associated British Foods Plc (Abf)
*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix
16.1 Key Industry Insights
16.2 Discussion Guide
16.3 Knowledge Store: Subscription Portal
16.4 Introducing Rt: Real-Time Market Intelligence
16.5 Available Customizations
16.6 Author Details

List of Tables:
Table 1 International Patents Related to Shortenings, 1919 to 2013
Table 2 Shortenings Market Size, By Source, 2015-2022 (USD Million)
Table 3 Shortenings Market Size, By Source, 2015-2022 (Kt)
Table 4 Vegetable Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 5 Vegetable Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 6 Animal Shortenings Market Size, By Region, 2015-2022 (USD Million
Table 7 Animal Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 8 Shortenings Market Size, By Key Ingredient, 2015-2022 (USD Million)
Table 9 Shortenings Market Size, By Key Ingredient, 2015-2022 (Kt)
Table 10 Oil-Based Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 11 Oil-Based Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 12 Butter-Based Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 13 Butter-Based Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 14 Lard-Based Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 15 Lard-Based Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 16 Tallow-Based Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 17 Tallow-Based Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 18 Others: Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 19 Others: Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 20 Typical Solid Fat Content (Sfc) Values for Shortenings
Table 21 Shortenings Market Size, By Variant, 2015-2022 (USD Million)
Table 22 Shortenings Market Size, By Variant, 2015-2022 (Kt)
Table 23 Solid Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 24 Liquid Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 25 Cake/Icing Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 26 All-Purpose Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 27 Other Shortening Variants Market Size, By Region, 2015-2022 (USD Million)
Table 28 Shortenings Market Size, By Application, 2015-2022 (USD Million)
Table 29 Shortenings Market Size, By Application, 2015-2022 (Kt)
Table 30 Bakery Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 31 Bakery Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 32 Snacks & Savory Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 33 Snacks & Savory Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 34 Confectionery Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 35 Confectionery Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 36 Other Applications Market Size, By Region, 2015-2022 (USD Million)
Table 37 Other Applications Market Size, By Region, 2015-2022 (Kt)
Table 38 Global Shortenings Market Size, By Region, 2015-2022 (USD Million)
Table 39 Global Shortenings Market Size, By Region, 2015-2022 (Kt)
Table 40 North America: Shortenings Market Size, By Country, 2015-2022 (USD Million)
Table 41 North America: Shortenings Market Size, By Country, 2015-2022 (Kt)
Table 42 North America: Shortenings Market Size, By Source, 2015-2022 (USD Million)
Table 43 North America: Shortenings Market Size, By Source, 2015-2022 (Kt)
Table 44 North America: Shortenings Market Size, By Key Ingredient, 2015-2022 (USD Million)
Table 45 North America: Shortenings Market Size, By Key Ingredient, 2015-2022 (Kt)
Table 46 North America: Shortenings Market Size, By Variant, 2015-2022 (USD Million)
Table 47 North America: Shortenings Market Size, By Variant, 2015-2022 (Kt)
Table 48 North America: Shortenings Market Size, By Application, 2015-2022 (USD Million)
Table 49 North America: Shortenings Market Size, By Application, 2015-2022 (Kt)
Table 50 Europe: Shortenings Market Size, By Country, 2015-2022 (USD Million)
Table 51 Europe: Shortenings Market Size, By Country, 2015-2022 (Kt)
Table 52 Europe: Shortenings Market Size, By Source, 2015-2022 (USD Million)
Table 53 Europe: Shortenings Market Size, By Source, 2015-2022 (Kt)
Table 54 Europe: Shortenings Market Size, By Key Ingredient, 2015-2022 (USD Million)
Table 55 Europe: Shortenings Market Size, By Key Ingredient, 2015-2022 (Kt)
Table 56 Europe: Shortenings Market Size, By Variant, 2015-2022 (USD Million)
Table 57 Europe: Shortenings Market Size, By Variant, 2015-2022 (Kt)
Table 58 Europe: Shortenings Market Size, By Application, 2015-2022 (USD Million)
Table 59 Europe: Shortenings Market Size, By Application, 2015-2022 (Kt)
Table 60 Asia-Pacific: Shortenings Market Size, By Country, 2015-2022 (USD Million)
Table 61 Asia-Pacific: Shortenings Market Size, By Country, 2015-2022 (Kt)
Table 62 Asia-Pacific: Shortenings Market Size, By Source, 2015-2022 (USD Million)
Table 63 Asia-Pacific: Shortenings Market Size, By Source, 2015-2022 (Kt)
Table 64 Asia-Pacific: Shortenings Market Size, By Key Ingredient, 2015-2022 (USD Million)
Table 65 Asia-Pacific: Shortenings Market Size, By Key Ingredient, 2015-2022 (Kt)
Table 66 Asia-Pacific: Shortenings Market Size, By Variant, 2015-2022 (USD Million)
Table 67 Asia-Pacific: Shortenings Market Size, By Variant, 2015-2022 (Kt)
Table 68 Asia-Pacific: Shortenings Market Size, By Application, 2015-2022 (USD Million)
Table 69 Asia-Pacific: Shortenings Market Size, By Application, 2015-2022 (Kt)
Table 70 Row: Shortenings Market Size, By Country, 2015-2022 (USD Million)
Table 71 Row: Shortenings Market Size, By Country, 2015-2022 (Kt)
Table 72 Row: Shortenings Market Size, By Source, 2015-2022 (USD Million)
Table 73 Row: Shortenings Market Size, By Source, 2015-2022 (Kt)
Table 74 Row: Shortenings Market Size, By Key Ingredient, 2015-2022 (USD Million)
Table 75 Row: Shortenings Market Size, By Key Ingredient, 2015-2022 (Kt)
Table 76 Row: Shortenings Market Size, By Variant, 2015-2022 (USD Million)
Table 77 Row: Shortenings Market Size, By Variant, 2015-2022 (Kt)
Table 78 Row: Shortenings Market Size, By Application, 2015-2022 (USD Million)
Table 79 Row: Shortenings Market Size, By Application, 2015-2022 (Kt)
Table 80 Expansions & Investments, 2012-2016
Table 81 Acquisitions, 2012-2016
Table 82 Joint Ventures, Collaborations, Agreements, And Partnerships, 2012-2016
Table 83 New Product Launches, 2012-2016

List of Figures:
Figure 1 Shortenings Market Segmentation
Figure 2 Shortenings Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Global Gdp at Current Prices from 2010 to 2020 (USD Billion)
Figure 7 U.S., China, Japan, Germany & U.K. the Top Five Economies Based On Gdp (Ppp) in 2015
Figure 8 Asia-Pacific Middle-Class to Hold Largest Share in Global Population By 2030
Figure 9 Increase in Global Per Capita Disposable Income, 2010-2014
Figure 10 Global Shortenings Market Size, By Region, 2017-2022 (USD Million)
Figure 11 Oil to Hold Largest Share of Shortenings Market, By Key Ingredient, During 2017-2022 (USD Million)
Figure 12 Bakery Products to Account for Largest Share of Shortenings Application Market During 2017-2022
Figure 13 Asia-Pacific to Record Highest Growth in Global Shortenings Market During 2017-2022
Figure 14 Favorable Functionalities And Growth in Developing Regions Driving Shortenings Market
Figure 15 Emerging Markets to Drive Growth of Global Shortenings Market
Figure 16 Asia-Pacific Shortenings Market Poised for Robust Growth During 2017-2022
Figure 17 Oil Segment to Record Highest Growth in Shortenings Market, By Key Ingredient, During 2017-2022
Figure 18 Oil Segment Holds Largest Share in Asia-Pacific Shortenings Market, By Key Ingredient, in 2016
Figure 19 Bakery Products to Hold Largest Share in F&B Shortenings Market During 2017-2022 (USD Million)
Figure 20 Shortenings Market Segmentation
Figure 21 Rising Demand for Bakery & Confectionery Products And Processed Foods the Key Driver of Shortenings Market
Figure 22 European Per Capita Consumption of Fine Baked Goods During 2009-2014 (Kilograms)
Figure 23 Value Chain Analysis: Major Value Addition Takes Place During Manufacturing And Assembly
Figure 24 Shortenings: International Patents Filing Trend
Figure 25 Shortenings Market Size, By Source, 2017 Vs. 2022 (USD Million)
Figure 26 Shortenings Market Size, By Key Ingredient, 2017 Vs. 2022 (USD Million)
Figure 27 Shortenings Market Size, By Variant, 2017 Vs. 2022 (USD Million )
Figure 28 Shortenings Market Size, By Application, 2017 Vs. 2022 (USD Million)
Figure 29 Geographic Snapshot: Emerging New Hotspots for Shortenings Market, CAGR% (2017-2022)
Figure 30 Asia-Pacific Shortenings Market Snapshot
Figure 31 Expansions & Investments the Most Preferred Strategy Among Companies in Shortenings Market During 2012-2016
Figure 32 Shortenings Market Share (Developments), By Key Player, 2015 - 2016
Figure 33 Expansions & Investments And Acquisitions Fueled Growth & Innovation in the Shortenings Market During 2012-2016
Figure 34 Geographic Revenue Mix of Top Five Shortenings Producers
Figure 35 Cargill: Company Snapshot
Figure 36 Cargill: Swot Analysis
Figure 37 Bunge Limited: Company Snapshot
Figure 38 Bunge Limited: Swot Analysis
Figure 39 Conagra Brands: Company Snapshot
Figure 41 Wilmar International Limited: Company Snapshot
Figure 42 Wilmar International Limited: Swot Analysis
Figure 43 Archer Daniels Midland Company: Company Snapshot
Figure 44 Archer Daniels Midland Company: Swot Analysis
Figure 45 Aak Ab: Company Snapshot
Figure 46 Associated British Foods Plc: Company Snapshot

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  • Aak Ab
  • Archer Daniels Midland Company
  • Associated British Foods Plc (Abf)
  • Bunge Limited
  • Cargill
  • Conagra Brands
  • International Foodstuff Company Holdings Limited (Iffco)
  • Manildra Group
  • Ventura Foods, Llc
  • Wilmar International Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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