Press release
Global Shortenings Market Report 2025: Growth Projections, Key Players, and Emerging Trends
Shortenings Market Size
What Is The Projected Market Size Of The Global Shortenings Global Market Report 2025 And Its Growth Rate?
The Shortenings market exhibits a promising growth trajectory, owing to increased demand from food processing, baking, and fast-food consumption industries. Key financial projections include:
• 2024 Market Size: $4.41 billion
• 2025 Market Size: $4.58 billion (4.0% CAGR)
• 2029 Market Size: $5.42 billion (4.3% CAGR)
These gains can be primarily attributed to changing culinary practices, rise in fast-food consumption, consumer demand for improved texture and mouthfeel, and ultimately, health-conscious consumer preferences.
What Is Driving The Growth In The Shortenings Global Market Report 2025?
The Shortenings market growth is primarily driven by the rising demand for bakery products worldwide. These products include breads, cakes, and other baked delicacies, the demand for which has surged in recent years, owing to changing food habits and a growing fondness for gourmet products. Shortenings play a crucial role in imparting a desirable, crisp texture to these products, preventing them from becoming stretchy and elastic. For instance, in November 2022, global retail sales of baked goods were estimated to reach $425.7 billion, an increase from $407.2 billion in the previous year, as noted by Agriculture and Agri-Food Canada. This trend of increasing bakery product sales is expected to significantly propel the Shortenings market's growth.
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Who Are the Key Players Driving Shortenings Global Market Report 2025 Growth?
The fundamental growth of the Shortenings market is sustained by the following key players:
• 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 LLC
• Premium Vegetable Oils Sdn Bhd
• Namchow Chemical Industrial Co. Ltd.
• Fuji Oil Co. Ltd.
• Kerry Group PLC
• Upfield Holdings BV
• NMGK Group
• BRF SA
• Yildiz Holding AS
• Mallet & Company Inc.
• Palsgaard A/S
• Walter Rau Neusser und Fett AG
• Puratos Group NV
• Princes Limited
• Zeelandia International BV
• Olenex Sàrl
• HAS Group
• VFI GmbH
• COFCO Group Co. Ltd.
• Fine Organics Limited
What Are The Key Trends In The Shortenings Global Market Report 2025?
Key trends observed in the Shortenings market:
• Innovation in texture-enhancing ingredients
• Clean frying solutions
• Packaging innovations for convenience
• Technological advancements in production
• Collaborations and partnerships
What Are The Segments Of The Global Shortenings Global Market Report 2025?
The Shortenings market can be segmented as follows:
• By Variant: Solid, Liquid, Cake Or Icing, All-Purpose
• By Source: Vegetables, Animal
• By Sales Channels: Direct Sales, Indirect Sales
• By End User: HoReCa, Bakery, Confectionery, Processed Food, Household Retail
Which Region Leads The Shortenings Global Market Report 2025?
North America has dominated the Shortenings market in 2024, followed by significant contributions from the Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa. Traditional culinary practices, growing the fast-food industry, and an overall rise in processed food consumption significantly contribute to the region's market growth.
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What Is Covered In The Shortenings Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Shortenings Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Shortenings Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Shortenings Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Shortenings Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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