Shortening Fat Market Revenue was valued at USD 2.5 Billion in 2024 and is estimated to reach USD 3.8 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
In 2022, the global shortening fat market was valued at approximately USD 3,116.8 million, with projections indicating growth to USD 3,653.8 million by 2029, reflecting a compound annual growth rate (CAGR) of 2.3% during the forecast period. The Asia Pacific region accounted for a significant portion of this market, holding a 28% revenue share in 2022. This prominence is largely attributed to the regions rapidly growing population and ongoing urbanization, which have increased the demand for processed and convenience foods where shortening fats are commonly utilized. For instance, Indias urban population surged from 109 million in 1970 to 460 million in 2018. In North America, the markets substantial share is driven by a well established bakery industry and a consumer preference for convenient, ready to eat products. Europe also holds a considerable market portion, supported by a strong confectionery sector that extensively uses shortening fats to enhance texture and shelf life. The Middle East and Africa, along with Latin America, present emerging opportunities due to increasing urbanization and changing dietary habits. Overall, the global shortening fat market is poised for steady growth, fueled by evolving consumer preferences and the expanding food processing industry.
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Unilever
Bunge
NMGK Group
ConAgra
Zydus Cadila
Wilmar-International
Fuji Oil
BRF
Yidiz Holding
Grupo Lala
Unilever
Sunnyfoods
Cargill
COFCO
Uni-President
Mengniu
Yili
Brightdairy
Dairy Cres
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Shortening Fat Market
Natural Shortening
Hydrogenated Shortening
Butter and Margarine Variants
Non-Hydrogenated Shortening
Baking Industry
Food Processing Industry
Catering Services
Household Consumers
Bulk Packaging
Retail Packaging
Food Service Packaging
Conventional Formulations
Organic/Non-GMO Formulations
Specialty Formulations (Gluten-Free, Lactose-Free)
Bulk Buyers
Private Label Brands
Brand-Conscious Consumers
Health-Conscious Consumers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Shortening Fat Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Shortening Fat Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Shortening Fat Market, By Type
6. Global Shortening Fat Market, By Application
7. Global Shortening Fat Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Shortening Fat Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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