Shortening Fat Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 14.2 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The global shortening fat market was valued at approximately USD 8.5 billion in 2022. This sector, which includes various types of fats used in baking and cooking, is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2027. The increase in market size can be attributed to the rising demand for convenience foods and bakery products, which are heavily reliant on shortening fats for texture and stability. Additionally, the market is witnessing innovations in fat formulations to cater to health-conscious consumers and those seeking plant-based alternatives. Opportunity analysis reveals significant potential in emerging markets such as Asia-Pacific and Latin America, where urbanization and changing dietary patterns are driving the consumption of processed and convenience foods. In these regions, the market for shortening fats is projected to expand rapidly due to growing middle-class populations and increased spending on food products. The trend towards healthier formulations and sustainable sourcing is also expected to create new avenues for growth, as manufacturers respond to consumer demands for products with reduced trans fats and environmentally friendly production processes.
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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
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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
Confectionary
Ice Cream
Snacks
Bakery
Others
Based on Types the Market is categorized into Below types that held the largest Shortening Fat market share In 2023.
From Soybeans
From Rapeseeds
From Sunflower Seed
From Palm and Palmkernel
From Maize
From Coconut
From Linseed
From Groundnut
Others
Global (United States, Global 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
Global
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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