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Global Shortening Fat Market is segmented by Source Type (Palm and Palmkernel, Sunflower Seed, Soybeans, Animal Based, Others), By Application (Confectionery, Ice Cream, Snacks, Bakery, and Others), and Geography.
Fastest Growing Market:
The global fat shortening market is projected to grow at a CAGR of 4.76% during the forecast period (2020 - 2025).
The global shortening fat market is segmented by source type and application. Based on source type, the market is segmented into palm and palm kernel, sunflower seed, soybeans, animal-based, others. The animal-based segment is further segmented into butter, tallow, and Lard. Based on the application, the market is segmented into confectionery, ice cream, snacks, bakery, and others. Based on geography, the study provides an analysis of the shortening fat market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
|By Source Type|
|Palm and Palmkernel|
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The growing processed food industry drives the market for shortening fats. Processed food products, like pasta and noodles, are consumed in several countries as a staple food. Hectic lifestyles and the need for leisure has propelled the need for convenient food products. Dried ready meals, dried noodles and pasta, and several other processed food products require less preparation time. Shortening fats are extensively used in bakery products due to its number of functional benefits such as improving elasticity, have a higher smoke point and has a higher shelf life. Bakery manufacturers prefer to use fat shortenings in most of its products, not only because of functional benefits but also as it is processed very low when compared to other alternatives.
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North America holds the major share of the market followed by Europe, owing to the well-established bakery industry in the regions. Consumers are now tending towards "healthy eating" especially in the freshly baked commodities such as bread, cake, pies, etc. Asia-Pacific accounts for significant share for shortening and coating fats market, owing to the large consumption of confectionery products significant share of the confectionery industry in the region as compared to other regions. South America market for shortening and coating fats is anticipated to pace up during the forecast period with the growing confectionery industry in the region. Middle East & Africa market is expected to account for the lowest share in the global shortening and coating fats market.
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The companies are expected to expand their business by enhancing their product portfolio in the global shortening fat market. The companies are projected to frame certain strategies in the future to gain a competitive advantage in the global shortening fat market during the forecast period. Some of the major key players in the fat shortening market, globally include Bunge North America, Inc., Yidiz Holding (Eksper Food), Namchow Chemical Industrial Co., Ltd, FUJI OIL CO., LTD., Cargill, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Source Type
5.1.1 Palm and Palmkernel
5.1.2 Sunflower Seed
5.1.4 Animal Based
5.2 By Application
5.2.2 Ice Cream
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Bunge North America, Inc.
6.4.2 NMGK Group
6.4.3 FUJI OIL CO., LTD.
6.4.4 Pristine Baking Solutions.
6.4.5 Yidiz Holding (Eksper Food)
6.4.7 Sime Darby
6.4.8 Namchow Chemical Industrial Co., Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability