Shortening Fat Market

Shortening Fat Market by Source Types (Palm & Palm kernel, Sunflower Seeds, Vegetable Oil, Soybeans, Animal Based [Butter, Tallow, and Lard], and Others), Applications (Confectionery, Ice-creams, Snacks, Bakery, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-2202
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 182
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The global shortening fats market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for convenience foods and convenient functional ingredients, coupled with the increasing use of fat in baked goods, snacks, and confectionery.

Shortening Fat Market summary

Shortening is a solid fat at room temperature that can be used to add freshness to foods such as cakes. Examples of fats used as short fats include butter, soybeans, margarine, vegetable oils, and fats. It is usually made from vegetable oils such as soybean oil, cottonseed oil, or refined palm oil, usually liquid at room temperature. Many people use shortening because it is cheap, contains more fat, and is more stable than other fats. Shortening generally refers to hydrogenated oils that are semi-solid and shelf stable. Shortening was so named because shortening refers to the ability of those fats to reduce / shorten gluten. The market for shortening fat is driven by its functional superiority, improved formulation of shortening fat and increasing use of shortening fat. The shortening fat provides the lubricating effect in food base and also affects the organoleptic properties especially texture and taste.

The global market has witnessed the rapid use of short fat in a wide variety of baked goods such as cakes, biscuits, and pastries. It is a well-known and generally accepted fact that most of the commercially available reduced fats are made up of harmful saturated fats and in some cases also contain significant amounts of fats metabolism. The future trajectory and growth of the world market for fat depends on random formulations that are deemed acceptable to the average consumer.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for bakery & confectionery products owing to increasing shelf-life of products and preference for ready to eat food products is expected to boost the market during the forecast period.
  • Rapid growth of processed food industry owing to increasing disposable income and increasing consumption of processed food is major factors fueling the market.
  • Rising adoption of healthy fat-free food products and plant source fat is anticipated to drive the market during the forecast period.
  • Presence of functional food market globally as a substitute to short fat is projected to hinder the market growth.
  • Increasing awareness about health and growing health conscious population act as major challenges that can restrict the market growth during the forecast period.
  • R&D investment and development in plant based short fat and applications in bakery & confectionery products are projected to offer significant opportunities for the market players.

Scope of the Report

The report on the global shortening fat market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Shortening Fat Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Source Types (Palm & Palm kernel, Sunflower Seeds, Vegetable Oil, Soybeans, Animal Based [Butter, Tallow, and Lard], and Others), and Applications (Confectionery, Ice-creams, Snacks, Bakery, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Yidiz Holding (Eksper Food); NMGK Group; Namchow Chemical Industrial Co. Ltd.; FUJI Oil Co. Ltd.; and Cargill Inc.

Market Segment Insights

The vegetable oil segment is projected to hold a major market share

In terms of source types, the shortening fat market is fragmented into palm & palm kernel, sunflower seeds, vegetable oil, soybeans, animal based, and others. The animal based segment is further segregated into butter, tallow, and lard. The vegetable oil segment is expected to represent a key share of the market during the forecast period owing to availability of raw materials, production efficiency and high demand from manufacturers of final consumer goods and cakes with healthy liquid consistency. Vegetables and fruits have the largest share of the avocado market, mainly due to their widespread use in the food industry.

Shortening Fat Market types

The bakery segment is expected to grow at a significant pace

Based on applications, the shortening fat market is segregated into confectionery, ice-creams, snacks, bakery, and others. The bakery segment is expected to hold a key share of the market during forecast period, Biscuits and cakes contain one of the highest amounts of oil. This is mainly due to the increasing use of oils for a variety of functional properties in baked goods, such as biscuits, shortbread or biscuit, which are used to impart a pleasant taste and attractiveness to the product with the desired texture characteristics. Baked goods, breads, confectionery, and mixed rice paper with short course functionalities are driving the segment. Bread, confectionery and snacks are the largest short-fat consumption segments in the world. The special properties of fats, which improve the appearance, taste, texture, nutritional properties and high melting point of food products, make it well suited for the food industry. Currently, baked goods such as biscuits, cakes, baked goods, and bread are the food segments with the major reduced fat consumption depending on the application. Products requiring the desired properties, palatability, and high texture properties are suitable for shortening applications.

Shortening Fat Market application

North America is expected to dominate the market

On the basis of regions, the shortening fat market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during forecast period. Today's consumers tend to eat healthy food, especially fresh foods such as bread, cakes, pies, and processed foods such as pasta are consumed as a staple food in some countries. Modern lifestyles and the need for entertainment have driven the demand for practical food such as dry noodles and pasta, and other processed foods that require less cooking time. Bakery manufacturers choose to use shortening in most of their products, not only because of its functional benefits, but also because it is very little processed compared to other alternatives.

Shortening Fat Market region

Segments

Segments Covered in the Report
The global shortening fat market has been segmented on the basis of
Source Types

  • Palm & Palmkernel
  • Sunflower Seeds
  • Vegetable Oil
  • Soybeans
  • Animal Based
    • Butter
    • Tallow
    • Lard
  • Others

Applications

  • Confectionery
  • Ice-creams
  • Snacks
  • Bakery
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Yidiz Holding (Eksper Food)
  • NMGK Group
  • Namchow Chemical Industrial Co. Ltd.
  • FUJI Oil Co. Ltd.
  • Cargill Inc.

 

Competitive Landscape

Key players competing in the shortening fat market include Yidiz Holding (Eksper Food); NMGK Group; Namchow Chemical Industrial Co. Ltd.; FUJI Oil Co. Ltd.; and Cargill Inc.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Shortening Fat Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shortening Fat Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Shortening Fat Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Shortening Fat Market - Supply Chain
  4.5. Global Shortening Fat Market Forecast
     4.5.1. Shortening Fat Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Shortening Fat Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Shortening Fat Market Absolute $ Opportunity
5. Global Shortening Fat Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Shortening Fat Market Size and Volume Forecast by Types
     5.3.1. Palm & Palmkernel
     5.3.2. Sunflower Seeds
     5.3.3. Vegetable Oil
     5.3.4. Soybeans
     5.3.5. Animal Based
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Shortening Fat Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Shortening Fat Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Shortening Fat Demand Share Forecast, 2019-2026
7. North America Shortening Fat Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Shortening Fat Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Shortening Fat Market Size and Volume Forecast by Types
     7.4.1. Palm & Palmkernel
     7.4.2. Sunflower Seeds
     7.4.3. Vegetable Oil
     7.4.4. Soybeans
     7.4.5. Animal Based
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Shortening Fat Demand Share Forecast, 2019-2026
8. Latin America Shortening Fat Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Shortening Fat Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Shortening Fat Market Size and Volume Forecast by Types
     8.4.1. Palm & Palmkernel
     8.4.2. Sunflower Seeds
     8.4.3. Vegetable Oil
     8.4.4. Soybeans
     8.4.5. Animal Based
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Shortening Fat Demand Share Forecast, 2019-2026
9. Europe Shortening Fat Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Shortening Fat Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Shortening Fat Market Size and Volume Forecast by Types
     9.4.1. Palm & Palmkernel
     9.4.2. Sunflower Seeds
     9.4.3. Vegetable Oil
     9.4.4. Soybeans
     9.4.5. Animal Based
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Shortening Fat Demand Share Forecast, 2019-2026
10. Asia Pacific Shortening Fat Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Shortening Fat Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Shortening Fat Market Size and Volume Forecast by Types
     10.4.1. Palm & Palmkernel
     10.4.2. Sunflower Seeds
     10.4.3. Vegetable Oil
     10.4.4. Soybeans
     10.4.5. Animal Based
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Shortening Fat Demand Share Forecast, 2019-2026
11. Middle East & Africa Shortening Fat Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Shortening Fat Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Shortening Fat Market Size and Volume Forecast by Types
     11.4.1. Palm & Palmkernel
     11.4.2. Sunflower Seeds
     11.4.3. Vegetable Oil
     11.4.4. Soybeans
     11.4.5. Animal Based
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Shortening Fat Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Shortening Fat Market: Market Share Analysis
  12.2. Shortening Fat Distributors and Customers
  12.3. Shortening Fat Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Yidiz Holding (Eksper Food)
     12.4.2. NMGK Group
     12.4.3. Namchow Chemical Industrial Co. Ltd.
     12.4.4. FUJI Oil Co. Ltd.
     12.4.5. Cargill Inc.

Segments Covered in the Report
The global shortening fat market has been segmented on the basis of
Source Types

  • Palm & Palmkernel
  • Sunflower Seeds
  • Vegetable Oil
  • Soybeans
  • Animal Based
    • Butter
    • Tallow
    • Lard
  • Others

Applications

  • Confectionery
  • Ice-creams
  • Snacks
  • Bakery
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Yidiz Holding (Eksper Food)
  • NMGK Group
  • Namchow Chemical Industrial Co. Ltd.
  • FUJI Oil Co. Ltd.
  • Cargill Inc.

 

Key players competing in the shortening fat market include Yidiz Holding (Eksper Food); NMGK Group; Namchow Chemical Industrial Co. Ltd.; FUJI Oil Co. Ltd.; and Cargill Inc.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Shortening Fat Market keyplayers

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