Global Shortenings Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by Key Ingredient ;

Oil, Butter, Tallow and Lard.

Segmented by Source;

Vegetable and Animal.

Segmented by Variant;

Solid, Liquid, Cake/Icing and All-purpose.

Segmented by Application;

Bakery products, Confectionery products and Snacks & savory products.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn150473229 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Shortenings Market (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2020 - 2030
2020 92.1
2021 100.8
2022 101.8
2023 109.2
2024 118.5
2025 130.2
2026 135.8
2027 162.5
2028 194.2
2029 221.1
2030 228.5

In the year 2023, the Global Shortenings Market was valued at USD 10,357.02 million. The size of this market is expected to increase to USD 13,347.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Key Ingredient
    2. Market Snapshot, By Source
    3. Market Snapshot, By Variant
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
    6. Market Opportunity Map
  4. Global Shortenings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise in Demand for Shortenings in Bakery Products Due to Increasing Demand for Baked Foods
        2. Changing Lifestyles Causing Rise in Demand for Bakery Products
        3. Rise in Demand for Shortenings in Bakery Products
      2. Restraints
        1. Health Concerns Related to Excessive Consumption of Fats & Oils
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Shortenings Market, By Key Ingredient , 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Oil
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Butter
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Tallow
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Lard
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    2. Global Shortenings Market, By Source, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Vegetable
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Animal
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    3. Global Shortenings Market, By Variant, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Solid
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Liquid
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Cake/Icing
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. All-purpose
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    4. Global Shortenings Market, By Application, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Bakery products
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Confectionery products
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. Snacks & savory products
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    5. Global Shortenings Market, By Geography, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
          5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Key Ingredient , 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Source, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By Variant, 2020 - 2030 (USD Million)
              5. Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Cargill
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Bunge Limited
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. Conagra Brands
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. Wilmar International Limited
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Archer Daniels Midland Company
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. International Foodstuff Company Holdings Limited (IFFCO)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Ventura Foods, LLC
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Manildra Group
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. AAK AB
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. Associated British Foods PLC (ABF)
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market

ReAnIn's Most Viewed Titles:

Food & Beverage Food Processing And Equipment Packaging and Equipment
Global Shrink Plastic Film Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Shrink Plastic Film Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Food & Beverage Food Processing And Equipment Packaging and Equipment
Global Slaughtering Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Slaughtering Equipment Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Food & Beverage Food Processing And Equipment Packaging and Equipment
Global Smart Plantation Management Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Smart Plantation Management Systems Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...
Food & Beverage Food Processing And Equipment Packaging and Equipment
Global Snack Pellet Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

In the year 2023, the Global Snack Pellet Equipment Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%

Single User License $4200 Read More ...