Worldwide Shortening Fats Market Insights: Industry Size, Growth Analysis and Forecast
Report ID : 1362907 | Published : March 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Shortening Fats Market is categorized based on Type (Hydrogenated Shortening, Non-Hydrogenated Shortening, Animal Fats, Vegetable Fats) and Application (Bakery Products, Confectionery, Fried Foods, Dairy Products, Snacks) and Form (Solid, Liquid, Semi-solid) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
In 2023, the Shortening Fats Market size was USD 3.5 billion and is projected to grow to USD 5.2 billion by 2033, registering a CAGR of 4.1% from 2024 to 2033. This report includes multiple segments and provides an analysis of key trends and factors playing a substantial role in the market.
Over time, the market for shortening fats across the world has changed immensely due to shifts in consumer tastes and the need for healthier food sources. Shortening fats serve as an important ingredient for many purposes in cooking as it improves the texture, taste of the food as well as increases the shelf life of baked and processed foods. With the rise in health consciousness, manufacturers are modifying their products to appeal to a bigger audience by including trans-fat free and plant based products.
As the food sector pushes towards modernization, there will be an anticipated change in the shortening fats market. New emerging trends such as clean label products and sustainable sourcing practices have started to change the market which is why companies have to increase their spending in research and development to cater to the new generation of consumers. In addition, a further shift towards veganism and vegetarianism is boosting the interest for alternative sources of shortening fats such as palm oil, coconut oil, and other plant derived fats which contributes to the growing diversity of the market.
In the fast paced world we live in, comprehension of the intricacies of the shortening fats market is vital for players looking to exploit growth opportunities. Businesses can analyze market trends as well as consumers’ tendencies and competitors’ strategies to be relevant in this ever-changing field, and for them to be first in providing quality products sought after in supply by the market.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, MGP Ingredients Inc., Crescent Fats & Oils, Kerry Group plc, Palsgaard A/S, Dahler GmbH, Baker Hughes Company, Mandelin Foods |
| SEGMENTS COVERED |
By Type - Hydrogenated Shortening, Non-Hydrogenated Shortening, Animal Fats, Vegetable Fats
By Application - Bakery Products, Confectionery, Fried Foods, Dairy Products, Snacks
By Form - Solid, Liquid, Semi-solid
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Shortening Fats Market Dynamics
The Shortening Fats Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Shortening Fats Market Segmentations
Market Breakup by Type
- Overview
- Hydrogenated Shortening
- Non-Hydrogenated Shortening
- Animal Fats
- Vegetable Fats
Market Breakup by Application
- Overview
- Bakery Products
- Confectionery
- Fried Foods
- Dairy Products
- Snacks
Market Breakup by Form
- Overview
- Solid
- Liquid
- Semi-solid
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- 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
Key Players in the Shortening Fats Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Cargill
- Incorporated
- Archer Daniels Midland Company
- Bunge Limited
- Wilmar International Limited
- MGP Ingredients Inc.
- Crescent Fats & Oils
- Kerry Group plc
- Palsgaard A/S
- Dahler GmbH
- Baker Hughes Company
- Mandelin Foods
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Company Profiling
● Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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