Shortening Market Research Report – Forecast to 2027

Global Shortening Market Research Report: by Source (vegetable, and animal), by Claim (organic, non-GMO, vegan, kosher, and gluten-free), by Application (bakery, confectionery, ice cream, and snacks), and by Region – Forecast period from 2020 to 2027

ID: MRFR/F-B & N/5034-HCR | February 2021 | Region: Global | 90 pages

Please note that assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill sample form for updated data.

Market Scenario


Shortening is a fat made from animal fat and vegetable oil and used in baking and cooking. It refers to any fat that is solid at room temperature. Shortening made from full or partial vegetable source, including oil extracted from soybean and pal, is more preferred by consumers over animal source and is driving the growth of global shortening market.


Shortening has a wide range of applications in the food sector. Growing demand for shortening in various food applications for its health benefits and taste has fuelled the growth of shortening industry.


Segmentation


Global shortening market has been segmented by source, claim, application, and region.


Based on source, the market has been segmented into animal sourced and vegetable sourced. The vegetable sourced segment is likely to dominate market during the forecast period owing to increasing awareness about health products and demand for trans-fat-free vegetable shortening among consumers. Vegetable shortenings are sourced from soybean, sunflower, palm, coconut, groundnut, and others.


Based on claim, the market has been segmented into organic, non-GMO, vegan, kosher, gluten-free, and others. The organic segment is dominating the market owing to the growing trend of healthy organic food and vegan products among consumers globally.


Based on application, the market has been segmented into bakery products, confectionery products, ice cream, snacks, and others. Bakery products segment is expected to dominate the global shortening market during the forecast period owing to the widespread application of shortenings in baked products for desired volume, texture, and freshness.


Based on region, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. The shortening market in the North America has further been segmented into the US, Canada, and Mexico. The European shortening market has been segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The shortening market in Asia-Pacific has been segmented into Japan, China, India, Australia & New Zealand, and the Rest of Asia-Pacific. South America, the Middle East, and Africa make Rest of the World.    


Key players


The J.M. Smucker Company (US), Nutiva Inc. (US), Ventura Foods (US), Archer Daniels Midland Company (US), Cargill, Inc. (US), Bunge Ltd. (US), Associated British Foods plc (UK), OJSC Nizhny Novgorod Fats & Oils Group (Russia), Conagra Brands, Inc. (US), Wilmar International Ltd. (Singapore), and Fuji Oil Co., Ltd. (Japan).


Regional Market Summary


Global Shortening Market Share (%), by Region, 2018


Shortening Market Share


Source: Secondary Source, MRFR Analysis


Geographically, Asia-Pacific is projected to be the fastest growing region in the shortening market owing to the increasing consumption and production of flour products in developing economies such as China and India. Improving purchasing power of consumers in the region and change in eating habit of consumers have resulted in the rise of consumption of bakery and confectionery products which is expected to fuel the shortening industry growth during forecast period.


North America is expected to grow at the fastest rate in global shortening market during forecast period owing to the increasing consumption of convenience food in the region.


Global Market, by Source



  • Vegetable Shortening

  • Animal Shortening

  • Others


Global Market, by claim



  • Organic

  • Non-GMO

  • Vegan

  • Kosher

  • Gluten-free

  • Others


Global Market, by Application



  • Bakery Products

  • Confectionery Products

  • Ice Cream

  • Snacks

  • Others


Global Market, by Region



  • North America



  • US

  • Canada

  • Mexico



  • Europe



  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe



  • Asia-Pacific



  • China

  • India

  • Japan

  • Australia & New Zealand

  • Rest of Asia-Pacific



  • Rest of the World



  • South America

  • Middle-East

  • Africa


Intended Audience



  • Bakery & confctionery product producers and suppliers

  • Raw material suppliers and distributors

  • Regulatory bodies

  • Importers and exporters of shortening

  • Trade association and industrial bodies

  • End-users

  • Supplier of vegetable oil



TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Function

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End-Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Internal Rivalry

5 Market Dynamics of Global Shortening Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Shortening Market, by Source

6.1 Introduction

6.2 Vegetable Shortenings

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Animal Shortenings

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

6.4 Others

6.4.1 Market Estimates & Forecast, 2020–2027

6.4.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Shortening Market, by Claim

7.1 Introduction

7.2 Organic

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Non-GMO

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Vegan

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Kosher

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Gluten-free

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Shortening Market, by Application

8.1 Introduction

8.2 Bakery Products

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.2 Confectionery Products

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Ice Cream

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Snacks

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Shortening Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.3 Market Estimates & Forecast, by Claim, 2020–2027

9.2.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Claim, 2020–2027

9.2.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Claim, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.7.3 Market Estimates & Forecast, by Claim, 2020–2027

9.2.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.8.4 Market Estimates & Forecast, by Application, 2020–2027 9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Source, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Claim, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.3 Market Estimates & Forecast, by Claim, 2020–2027

9.4.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Claim, 2020–2027

9.4.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Claim, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Claim, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Claim, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Source, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Claim, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Application, 2020–2027

9.5 Rest of the World (RoW)

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.3 Market Estimates & Forecast, by Claim, 2020–2027

9.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 South America

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Claim, 2020–2027

9.5.5.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 Middle East

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Claim, 2020–2027

9.5.6.4 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 Africa

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Source, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Claim, 2020–2027

9.5.7.4 Market Estimates & Forecast, by Application, 2020–2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis

(Expansions/ Mergers and Acquisitions/ Joint Ventures/ New Product Developments/ Agreements/ Investments

11. Company Profiles

11.1 The J.M. Smucker Company (US)

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Nutiva Inc. (US)

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Ventura Foods (US)

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Archer Daniels Midland Company (US)

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Cargill, Inc. (US)

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Bunge Ltd. (US)

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Associated British Foods plc (UK)

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 OJSC Nizhny Novgorod Fats & Oils Group (Russia)

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Conagra Brands, Inc. (US)

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Wilmar International Ltd. (Singapore)

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 Fuji Oil Co., Ltd. (Japan)

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Product/Business Segment Overview

11.11.4 Strategy

11.11.5 Key Developments

11.11.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Shortening Market by, Region, 2020-2027, (USD Million)

Table 2 Global Shortening Market by, Source, 2020-2027, (USD Million)

Table 3 Global Shortening Market by, Claim, 2020-2027, (USD Million)

Table 4 Global Shortening Market by, Application, 2020-2027, (USD Million)

Table 5 North America Shortening Market by, Country, 2020-2027, (USD Million)

Table 6 North America Shortening Market by, Source, 2020-2027, (USD Million)

Table 7 North America Shortening Market by, Claim, 2020-2027, (USD Million)

Table 8 North America Shortening Market by, Application, 2020-2027, (USD Million)

Table 9 US Shortening Market by, Source, 2020-2027, (USD Million)

Table 10 US Shortening Market by, Claim, 2020-2027, (USD Million)

Table 11 US Shortening Market by, Application, 2020-2027, (USD Million)

Table 12 Canada Shortening Market by, Source, 2020-2027, (USD Million)

Table 13 Canada Shortening Market by, Claim, 2020-2027, (USD Million)

Table 14 Canada Shortening Market by, Application, 2020-2027, (USD Million)

Table 15 Mexico Shortening Market by, Source, 2020-2027, (USD Million)

Table 16 Mexico Shortening Market by, Claim, 2020-2027, (USD Million)

Table 17 Mexico Shortening Market by, Application, 2020-2027, (USD Million)

Table 18 Europe Shortening Market by, Country2020-2027, (USD Million)

Table 19 Europe Shortening Market by, Source, 2020-2027, (USD Million)

Table 20 Europe Shortening Market by, Claim, 2020-2027, (USD Million)

Table 21 Europe Shortening Market by, Application, 2020-2027, (USD Million)

Table 22 Germany Shortening Market by, Source, 2020-2027, (USD Million)

Table 23 Germany Shortening Market by, Claim, 2020-2027, (USD Million)

Table 24 Germany Shortening Market by, Application, 2020-2027, (USD Million)

Table 25 France Shortening Market by, Source, 2020-2027, (USD Million)

Table 26 France Shortening Market by, Claim, 2020-2027, (USD Million)

Table 27 France Shortening Market by, Application, 2020-2027, (USD Million)

Table 28 Italy Shortening Market by, Source, 2020-2027, (USD Million)

Table 29 Italy Shortening Market by, Claim, 2020-2027, (USD Million)

Table 30 Italy Shortening Market by, Application, 2020-2027, (USD Million)

Table 31 Spain Shortening Market by, Source, 2020-2027, (USD Million)

Table 32 Spain Shortening Market by, Claim, 2020-2027, (USD Million)

Table 33 Spain Shortening Market by, Application, 2020-2027, (USD Million)

Table 34 UK Shortening Market by, Source, 2020-2027, (USD Million)

Table 35 UK Shortening Market by, Claim, 2020-2027, (USD Million)

Table 36 UK Shortening Market by, Application, 2020-2027, (USD Million)

Table 37 Rest of Europe Shortening Market by, Source, 2020-2027, (USD Million)

Table 38 Rest of Europe Shortening Market by, Claim, 2020-2027, (USD Million)

Table 39 Rest of Europe Shortening Market by, Application, 2020-2027, (USD Million)

Table 40 Asia-Pacific Shortening Market by, Country, 2020-2027, (USD Million)

Table 41 Asia-Pacific Shortening Market by, Source, 2020-2027, (USD Million)

Table 42 Asia-Pacific Shortening Market by, Claim, 2020-2027, (USD Million)

Table 43 Asia-Pacific Shortening Market by, Application, 2020-2027, (USD Million)

Table 44 China Shortening Market by, Source, 2020-2027, (USD Million)

Table 45 China Shortening Market by, Claim, 2020-2027, (USD Million)

Table 46 China Shortening Market by, Application, 2020-2027, (USD Million)

Table 47 India Shortening Market by, Source, 2020-2027, (USD Million)

Table 48 India Shortening Market by, Claim, 2020-2027, (USD Million)

Table 49 India Shortening Market by, Application, 2020-2027, (USD Million)

Table 50 Japan Shortening Market by, Source, 2020-2027, (USD Million)

Table 51 Japan Shortening Market by, Claim, 2020-2027, (USD Million)

Table 52 Japan Shortening Market by, Application, 2020-2027, (USD Million)

Table 53 Australia & New Zealand Shortening Market by, Source, 2020-2027, (USD Million)

Table 54 Australia & New Zealand Shortening Market by, Claim, 2020-2027, (USD Million)

Table 55 Australia & New Zealand Shortening Market by, Application, 2020-2027, (USD Million)

Table 56 Rest of APAC Shortening Market by, Source, 2020-2027, (USD Million)

Table 57 Rest of APAC Shortening Market by, Claim, 2020-2027, (USD Million)

Table 58 Rest of APAC Shortening Market by, Application, 2020-2027, (USD Million)

Table 59 Rest of the World Shortening Market by, Region, 2020-2027, (USD Million)

Table 60 Rest of the World Shortening Market by, Source, 2020-2027, (USD Million)

Table 61 Rest of the World Shortening Market by, Claim, 2020-2027, (USD Million)

Table 62 Rest of the World Shortening Market by, Application, 2020-2027, (USD Million)

Table 63 South America Shortening Market by, Source, 2020-2027, (USD Million)

Table 64 South America Shortening Market by, Claim, 2020-2027, (USD Million)

Table 65 South America Shortening Market by, Application, 2020-2027, (USD Million)

Table 66 Middle East Shortening Market by, Source, 2020-2027, (USD Million)

Table 67 Middle East Shortening Market by, Claim, 2020-2027, (USD Million)

Table 68 Middle East Shortening Market by, Application, 2020-2027, (USD Million)

Table 69 Africa Shortening Market by, Source, 2020-2027, (USD Million)

Table 70 Africa Shortening Market by, Claim, 2020-2027, (USD Million)

Table 71 Africa Shortening Market by, Application, 2020-2027, (USD Million)

LIST OF FIGURES

FIGURE 1 Global Shortening Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Shortening Market

FIGURE 4 Value Chain of Global Shortening Market

FIGURE 5 Share of Global Shortening Market in 2020, by Country (%)

FIGURE 6 Global Shortening Market, 2020–2027,

FIGURE 7 Global Shortening Market Size by Source, 2020

FIGURE 8 Share of Global Shortening Market, by Source, 2020–2027

FIGURE 9 Global Shortening Market Size by Claim, 2020

FIGURE 10 Share of Global Shortening Market, by Claim, 2020–2027

FIGURE 11 Global Shortening Market Size, by Application, 2020

FIGURE 12 Share of Global Shortening Market, by Application, 2020–2027