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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

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

“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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • GEOGRAPHIC SCOPE
    • PERIODIZATION CONSIDERED
    • CURRENCY
    • UNIT
    • STAKEHOLDERS
    • LIMITATIONS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • MACROECONOMIC INDICATORS
      • DEVELOPING ECONOMIES WITH EMERGING MIDDLE-INCOME POPULATION AND INCREASING PER CAPITA INCOME & CONSUMPTION
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • GLOBAL OVERVIEW OF THE SHORTENINGS MARKET
    • KEY SHORTENING MARKETS
    • SHORTENINGS MARKET, BY KEY INGREDIENT
    • ASIA-PACIFIC DOMINATED THE MARKET FOR SHORTENINGS
    • SHORTENINGS IN THE FOOD & BEVERAGES MARKET, BY SUBSEGMENT
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • INTERNATIONAL PATENTS FOR SHORTENINGS
        • Table INTERNATIONAL PATENTS RELATED TO SHORTENINGS, 1919 TO 2013
  • SHORTENINGS MARKET, BY SOURCE
    • INTRODUCTION
      • Table SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (USD MILLION)
      • Table SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (KT)
    • VEGETABLE SHORTENINGS
      • Table VEGETABLE SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table VEGETABLE SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • ANIMAL SHORTENINGS
      • Table ANIMAL SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION
      • Table ANIMAL SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
  • SHORTENINGS MARKET, BY KEY INGREDIENT
    • INTRODUCTION
      • Table SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (USD MILLION)
      • Table SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (KT)
    • OIL
      • Table OIL-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table OIL-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • BUTTER
      • Table BUTTER-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table BUTTER-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • LARD
      • Table LARD-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table LARD-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • TALLOW
      • Table TALLOW-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table TALLOW-BASED SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • OTHERS
      • Table OTHERS: SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table OTHERS: SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
  • SHORTENINGS MARKET, BY VARIANT
    • INTRODUCTION
      • Table TYPICAL SOLID FAT CONTENT (SFC) VALUES FOR SHORTENINGS
      • Table SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (USD MILLION)
      • Table SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (KT)
    • SOLID SHORTENING
      • Table SOLID SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • LIQUID SHORTENING
      • Table LIQUID SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CAKE/ICING SHORTENING
      • Table CAKE/ICING SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ALL-PURPOSE SHORTENING
      • Table ALL-PURPOSE SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHER SHORTENING VARIANTS
      • Table OTHER SHORTENING VARIANTS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SHORTENINGS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (KT)
    • BAKERY PRODUCTS
      • Table BAKERY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table BAKERY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • SNACKS & SAVORY PRODUCTS
      • Table SNACKS & SAVORY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table SNACKS & SAVORY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • CONFECTIONERY PRODUCTS
      • Table CONFECTIONERY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table CONFECTIONERY SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • OTHER APPLICATIONS
      • Table OTHER APPLICATIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table OTHER APPLICATIONS MARKET SIZE, BY REGION, 2015-2022 (KT)
  • SHORTENINGS MARKET, BY REGION
    • INTRODUCTION
      • Table SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table SHORTENINGS MARKET SIZE, BY REGION, 2015-2022 (KT)
    • NORTH AMERICA
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (KT)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (KT)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (KT)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (KT)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (KT)
    • EUROPE
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (KT)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (USD MILLION)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (KT)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (USD MILLION)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (KT)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (USD MILLION)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (KT)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table EUROPE: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (KT)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (KT)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (KT)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (KT)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (KT)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ASIA-PACIFIC: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (KT)
    • REST OF THE WORLD
      • Table ROW: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ROW: SHORTENINGS MARKET SIZE, BY COUNTRY, 2015-2022 (KT)
      • Table ROW: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (USD MILLION)
      • Table ROW: SHORTENINGS MARKET SIZE, BY SOURCE, 2015-2022 (KT)
      • Table ROW: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (USD MILLION)
      • Table ROW: SHORTENINGS MARKET SIZE, BY KEY INGREDIENT, 2015-2022 (KT)
      • Table ROW: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (USD MILLION)
      • Table ROW: SHORTENINGS MARKET SIZE, BY VARIANT, 2015-2022 (KT)
      • Table ROW: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ROW: SHORTENINGS MARKET SIZE, BY APPLICATION, 2015-2022 (KT)
  • SHORTENINGS, BY PROCESS
    • INTRODUCTION
    • PROCESS FOR THE PRODUCTION OF EDIBLE OIL
    • HYDROGENATION
    • FRACTIONATION
    • INTERESTERIFICATION
  • SHORTENINGS, BY BRAND
    • INTRODUCTION
    • NOVALIPID
    • EXTEND
    • CLEAR VALLEY
    • WESSON
    • SANSTRANS
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • SHORTENINGSMARKET: MARKET SHARE ANALYSIS
    • COMPETITIVE SITUATION & TRENDS
      • EXPANSIONS & INVESTMENTS
        • Table EXPANSIONS & INVESTMENTS, 2012-2016
      • ACQUISITIONS
        • Table ACQUISITIONS, 2012-2016
      • JOINT VENTURES, COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS
        • Table JOINT VENTURES, COLLABORATIONS, AGREEMENTS, AND PARTNERSHIPS, 2012-2016
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2012-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • CARGILL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BUNGE LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CONAGRA BRANDS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
      • SWOT ANALYSIS
      • MNM VIEW
    • WILMAR INTERNATIONAL LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ARCHER DANIELS MIDLAND COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • INTERNATIONAL FOODSTUFF COMPANY HOLDINGS LIMITED (IFFCO)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • VENTURA FOODS, LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MANILDRA GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AAK AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ASSOCIATED BRITISH FOODS PLC (ABF)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • KEY INDUSTRY INSIGHTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT:REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • AUTHOR DETAILS

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