Shortenings Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Cargill Incorporated, Bunge Limited, Wilmar International Limited, Archer Daniels Midland Company

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Shortenings Market Size, Growth Rate, And Forecast
The global shortenings market is expected to grow from $4.07 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shortenings market is expected to grow to $5.12 billion in 2027 at a CAGR of 4.6%.

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Shortenings Market Drivers
The increasing demand for bakery products is driving the shortenings market. The bakery industry includes the sales of baked foods such as bread, and cakes. The increasing demand for gourmet products and changing food habits are leading to a rise in bakery products. Shortenings improve bakery products by providing a rumbly and crisp texture and preventing the dish from becoming stretchy and elastic.

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Shortenings Market Segments
1) By Variant: Solid, Liquid, Cake/Icing, All-purpose
2) By Source: Vegetables, Animal
3) By Sales Channels: Direct Sales, Indirct Sales
4) By End User: HoReCa, Bakery, Confectionery, Processed Food, Household Retail

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Shortenings market.

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Shortenings Market Key Players
Major players in the shortenings market are Cargill Incorporated, Bunge Limited, Wilmar International Limited, Archer Daniels Midland Company, Ventura Foods LLC, AAK AB, Manildra Group, International Foodstuff Company Holdings Limited, Conagra Brands Inc., Stratas Foods, Premium Vegetable Oils Sdn Bhd, Fediol, Namchow Chemical Industrial Co. Ltd., and Fuji Oil Co. Ltd.

The Business Research Company's "Global Shortenings Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Shortenings Market Include:
1. Executive Summary
2. Shortenings Market Characteristics
3. Shortenings Market Trends And Strategies
4. Shortenings Market - Macro Economic Scenario
4.1. COVID-19 Impact On Shortenings Market
5. Shortenings Market Size And Growth
……
27. Shortenings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Shortenings Market
29. Shortenings Market Future Outlook and Potential Analysis
30. Appendix

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