Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Shortening Fats Market Share, Size, Trends, Growth, Forecast: By Product Type: Vegetable Based, Animal Based; By Application: Confectionery, Ice Cream, Snacks, Bakery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Shortening Fats Market Outlook

The global shortening fats market size is expected to grow at a CAGR of 4.30% in the forecast period between 2023 and 2028, driven by the growing processed food industry.

 

Key Trends in the Market

Shortening fats refer to any type of fat that is solid at room temperature, such as butter, margarine, and lard. Shortening fats are used to make non-elastic pastries like cakes by preventing the development of a gluten matrix in baked foods. Foods like pastries can have a crumbly and crisp texture due to the usage of shortening fats.

 

  • The global shortening fats market is expanding due to the functional dominance, improved formulations, and expanding uses of shortened fats. Shortening fats have a lubricating effect on food matrices and also have an impact on sensory qualities, particularly the texture and flavour. Shortening is commonly used in non-elastic pastries like cakes.
  • During the forecast period, the global shortening fats market is expected to increase as a result of the rapid advancements in shortening fats. Different types of breads utilise speciality fats in varying degrees. In other types of breads, when fats are used at higher amounts they help prevent excess gluten production in the dough. The fats used in bread production are also known as ‘shortening’ since they result in a shorter bite and effortlessly melt-in-mouth texture.
  • The expansion of the global market for shortening fats can also be attributed to macroeconomic reasons including the rise in middle-class households' disposable income, which is leading to an increase in consumer expenditure on baked goods and confectioneries. The prohibition of trans fats in the food business is one of the key trends in the market for shortening fats that has been observed. As a result, shortening fats are becoming more common as trans-fat and acid-free fats are utilised in confectionery food products.

 

Global Shortening Fats Market Analysis

Based on product type, the market is segmented into vegetable based and animal based. Vegetable based are further categorised by type into palm and palm kernel, sunflower seed, and soybeans, among others, whereas animal based is sub-divided based on type into butter, tallow, and lard, among others. On the basis of application, the market is divided into confectionery, ice cream, snacks, and bakery, among others. The regional markets for shortening fats can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global shortening fats market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

 

  • Cargill, Incorporated
  • Bunge Limited
  • Pristine Baking Solutions
  • Soren Srl
  • AAK AB
  • Others

 

Market Share by Application

The bakery applications of shortening fats are expected to hold a sizable market share. This expansion can be attributed to the daily increase in demand for bakery goods brought on by changing lifestyles, growing populations, and economic advancements. For the creation of bakery shortenings, fully hydrogenated soybean oil obtained from soybeans that contain no trans fats are often used as hard fat. Rapid urbanisation and the growing need for ready-to-eat or fast food products are further helping the shortening fats market growth.

 

In addition, the confectionery applications is anticipated to expand at a fast CAGR during the forecast period due to the extensive use of shortening fats in confectionery. Usage of shortening fats imparts their distinctive flavour and shortening characteristics. Shortening based on roasted whole soybeans and their flour as ingredients is also growing in use in regional confectionery products and snacks.

 

Market Share by Region

North America is expected to account for a significant share in the shortening fats market. The established bread industry in North America is fundamental for the region's expansion. Also, the consumers' preferences for healthy eating, particularly with regard to freshly baked items like bread, cake, pies, and other baked goods, is propelling the market growth in the region.

 

Over the course of the forecast period, the Asia Pacific region is anticipated to exhibit a fast growth rate. This is attributable to factors such as the significant consumption of confectionery goods and the region's dominant position in the confectionery sector. The expansion of the global shortening fats market in the Asia Pacific is further fuelled by the rising production and demand. China is a fastest-growing consumer market for shortening fats, particularly those sourced from soybeans.

 

Competitive Landscape

Cargill, Incorporated, headquartered in the United States and founded in 1865, has operations in the areas of refined oils, food ingredients, grain and oilseeds, cotton, animal nutrition, industrial specialties, and trade structured finance. Cargill sells popular consumer brands of edible oils such as Sunflower brand of hydrogenated fats, Nature Fresh, Gemini, Sweekar, Leonardo Olive Oil, and Rath.

 

Bunge Limited, was founded in 1818 in the Netherlands, and is currently headquartered in Missouri in the United States. The company is a major manufacturer and supplier of agricultural fertilisers as well as edible oil, milled rice, and wheat products. It is also a global leader in oilseed processing and a leading producer and supplier of speciality plant-based oils and fats.

 

Soren Srl, an Italian company, has been in the food business since the 1960s. With headquarters in Corsico, Italy, the company specialises in the designing and building of automatic systems that are used for various food industry processes. The primary items that can be produced with Soren's technologies are ice cream, oils and fats, and pastries.

 

Other market players include Pristine Baking Solutions and AAK AB, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Region
Breakup by Product Type
  • Vegetable Based
  • Animal Based
Breakup by Application
  • Confectionery
  • Ice Cream
  • Snacks
  • Bakery
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cargill, Incorporated
  • Bunge Limited
  • Pristine Baking Solutions
  • Soren Srl
  • AAK AB
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Shortening Fats Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Shortening Fats Historical Market (2018-2022) 
    8.3    Global Shortening Fats Market Forecast (2023-2028)
    8.4    Global Shortening Fats Market by Product Type
        8.4.1    Vegetable Based
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Palm and Palm Kernel
                8.4.1.4.2    Sunflower Seed
                8.4.1.4.3    Soybeans
                8.4.1.4.4    Others
        8.4.2    Animal Based
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Butter
                8.4.2.4.2    Tallow
                8.4.2.4.3    Lard
                8.4.2.4.4    Others
    8.5    Global Shortening Fats Market by Application
        8.5.1    Confectionery
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Ice Cream
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Snacks
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Bakery
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Shortening Fats Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Shortening Fats Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Shortening Fats Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Shortening Fats Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Shortening Fats Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Shortening Fats Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Cargill, Incorporated
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Bunge Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Pristine Baking Solutions
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Soren Srl
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    AAK AB
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Shortening Fats Market: Key Industry Highlights, 2018 and 2028
2.    Global Shortening Fats Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Shortening Fats Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Shortening Fats Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Shortening Fats Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Shortening Fats Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Shortening Fats Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Shortening Fats Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Shortening Fats Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Shortening Fats Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Shortening Fats Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Shortening Fats Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Shortening Fats Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Shortening Fats Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Shortening Fats Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Shortening Fats Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Shortening Fats Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Shortening Fats Market Structure

Key Questions Answered in the Report

The market for shortening fats is projected to grow at a CAGR of 4.30% between 2023 and 2028.

The major drivers of the market include the growing innovations in shortening fats, rise in disposable income, altering lifestyles, preferences for eliminating the use of trans fats in the food industry, and growing intake of confectionary products.

The increased spending on the baked foods and confectioneries and surging inclination of customers towards healthy eating are the key industry trends propelling the growth of the market.

The major regions in the shortening fats market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Based on product type, the market is segmented into vegetable based and animal based. Vegetable based are further segmented into palm and palm kernel, sunflower seed, and soybeans, among others, whereas animal based is sub-divided into butter, tallow, and lard, among others.

On the basis of application, the market is divided into confectionery, ice cream, snacks, and bakery, among others.

The major players in the industry are Cargill, Incorporated, Bunge Limited, Pristine Baking Solutions, Soren Srl, and AAK AB, among others.

Shortening is a cooking ingredient that helps produce crumbly, flaky, and tender baked goods. Since shortening is 100% fat, in comparison to butter and lard's about 80% fat content, it produces extremely delicate cakes, cookies, and pie crusts.

Vegetable shortening or margarine is frequently used in the production of bakery goods such muffins, cakes, pastries, and pies.

Vegetable oils like soybean, cottonseed, or palm oil are used to make the majority of shortening that is now on the market.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER