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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Shortenings Market – Insights

Shortening is a product made from animal or vegetable fat. The plant-based shortening segment is expected to gain significant traction during the forecast period, owing to benefits offered by vegetable oil such as high presence of antioxidants. Plant-based shortening is derived from vegetable oils such as soybean oil, palm oil, and rapeseed oil among others.

Shortening is primarily used in the bakery and confectionery industry. Increasing population in Asia Pacific region has resulted in increasing per capita consumption of food, and thereby increased consumption of overall bakery and confectionery products in the region. For instance, according to an analysis of bakery and breakfast cereals products, published by the Agricultural and Agri-food Department of Canada (AAFC), in August 2016, Asia Pacific accounted for a significant share in the global bakery products market, accounting for retail sales of bakery products worth US$ 86,836.7 million in 2015. According to the same source, Japan accounted for US$ 22,982.5 million retail sale of bakery products in 2013, which increased to US$ 23,659.3 million in 2015 and is expected to reach US$ 26,462.4 million by 2020, registering a CAGR of 2.3% during the period 2015 to 2020.

Changing food habits, adoption of convenient food alternatives, development of modern retail and food service industry, and easy availability of raw materials are some of the factors that are expected to drive the Asia Pacific shortenings market growth over the forecast period.

Fat derived from animals or plant sources is the major raw material used in preparation of shortening. It also contains trans-fats, which are considered to be unhealthy as its high consumption can lead to heart-related diseases. For instance, according to article released by U.S Food and Drug Administration FDA on trans-fats in May 2018, trans-fats are formed in food products by process of hydrogenation of vegetable oil, which is a commonly used process to make shortenings. According to the same source, consumption of trans-fat increases the level of low-density lipoproteins cholesterol in the blood, which is considered to be the bad cholesterol, as elevated levels of LDL cholesterol increases the risk of heart diseases, which may lead to death. This scenario is predicted to restraint growth of the global shortenings market over the forecast period.

The global shortenings market was valued at US$ 3,835.2 Mn in 2018, and is expected to register a CAGR of 3.2%, in terms of revenue over the forecast period (2019-2027), to reach US$ 5,051.7 Mn by 2027.

Figure 1. Global Shortenings Market Share (%), By Region, 2018

Shortenings  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Asia Pacific accounted for the largest revenue share in the global shortenings market in 2018, and is projected to continue its dominance during the forecast period. Expanding confectionery market in Asia Pacific is expected to drive demand for shortening over the forecast period. According to the International Trade Center, in 2017, Singapore generated US$ 364.9 million revenue through export of chocolates, followed by China and Malaysia with US$ 315.6 million and US$ 226 million, respectively.

Moreover, Europe held the second largest position in the global shortenings market and is projected to exhibit a CAGR of 2.3% during 2019-2027. The demand for shortening in Europe is high, owing to growing production of confectionery products. For instance, according to the Association of Chocolate, Biscuits and Confectionery Industries of Europe (CAOBISCO), in 2015, Europe’s chocolate market was pegged at 2,772,325 metric ton, which increased to 2,827,184 metric ton in 2016, witnessing an increase of 1.9% during 2015-16.

Figure 2. Global Shortenings Market Share (%), By Application, 2018

Shortenings  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Among applications, bakery & confectionery segment contributed for the largest share in terms of the revenue in global shortenings market and contributed 57.3% in 2018 in the global market. Factors such as changing lifestyle and eating habits of consumers, affordability, and convenience coupled with product innovations by key players are expected to benefit the global shortenings market growth in the near future. According to Coherent Market Insights’ analysis, per capita consumption of bakery products in Germany, France, and the U.K. was 85.5 kilograms, 71.5 kilograms, and 47.3 kilograms, respectively, in 2017.

Major players operating in the global shortenings market are Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Wilmar International Ltd., Ventura Foods, Associated British Foods, AAK, and J. M. Smucker Company.

Shortenings are type of solid fat used in preventing the formulation of gluten matrix in bakery & confectionery and other food products through hydrogenation process. Shortenings are mainly categorized into plant-based and animal-based shortenings. Key players in the market are focused on mergers and acquisitions to increase their market share. For instance, in April 2019, Orkla Food Ingredients, a supplier of bakery ingredients in Europe, acquired Zeelandia Sweden AB, a manufacturer of shortening and other edible oils in Sweden. This acquisition is expected to help Orkla Food Ingredients expand its product portfolio and increase its share in the Europe shortenings market.

Market Dynamics

Based on category, shortenings market is bifurcated into plant-based and animal-based segments. Plant-based segment accounted for the largest share in terms of revenue in global shortenings market in 2018. Plant-based segment contributed for over 90.0% of the total revenue in global shortenings market in 2018. This is owing to features such as more durability and cheaper than animal-based shortenings.

Among regions, in 2018, Asia Pacific held dominant position in the global shortenings market and contributed revenue share of 44.2% in the same year. Factors such as growth of food & beverages industry along with growing usage of shortenings in multiple food preparation applications is predicted to drive growth of Asia Pacific shortenings market in the near future.

Key features of the study:

  • This report provides in-depth analysis of global shortenings market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global shortenings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include, Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Wilmar International Ltd., Ventura Foods, Associated British Foods, AAK, and J. M. Smucker Company
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global shortenings market report caters to various stakeholders in this industry including investors, suppliers, producers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shortenings market

Detailed Segmentation:

  • Global Shortenings Market, By Category:
    • Plant-based
    • Animal-based
  • Global Shortenings Market, By Form:
    • Solid
    • Liquid
  • Global Shortenings Market, By Application:
    • Bakery & Confectionery
    • Snacks & Savory
    • Others (frying, etc.)
  • Global Shortenings Market, By Distribution Channel:
    • Online Stores
    • Offline Stores
  • Global Shortenings Market, By Region:
    • North America
      • U.S.
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Canada
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
    • South America
      • Brazil
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Argentina
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Mexico
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Rest of South America
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
    • Europe
      • U.K.
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Germany
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Italy
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Spain
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • France
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Russia
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Rest of Europe
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
    • Asia Pacific
      • China
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • India
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Japan
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • South Korea
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • ASEAN
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Rest of Asia Pacific
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
    • Middle East
      • GCC
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Israel
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Rest of Middle East
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
    • Africa
      • Northern Africa
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • Central Africa
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
      • South Africa
        • By Category:
          • Plant-based
          • Animal-based
        • By Form:
          • Solid
          • Liquid
        • By Application:
          • Bakery & Confectionery
          • Snacks & Savory
          • Others (frying, etc.)
        • By Distribution Channel:
          • Online Stores
          • Offline Stores
  • Company Profiles
    • Cargill, Incorporated*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Archer Daniels Midland Company
    • Bunge Limited
    • Wilmar International Ltd.
    • Ventura Foods
    • Associated British Foods
    • AAK
    • M. Smucker Company

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Category
      • Market Snippet By Form
      • Market Snippet By Application
      • Market Snippet By Distribution Channel
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Regulatory Scenario
      • Market Trends
      • Key Developments
      • List of Major Manufacturers, By Country
      • Overview of Food Ingredients Industry
  4. Global Shortenings Market, By Category, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Plant-based
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
    • Animal-based
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
  5. Global Shortenings Market, By Form, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Solid
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
  6. Global Shortenings Market, By Application, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Bakery & Confectionery
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
    • Snacks & Savory
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
    • Others (frying, etc.)
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
  7. Global Shortenings Market, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Online Stores 
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
    • Offline Stores
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Mn)
  8. Global Shortenings Market, By Region, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, For Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Rest of Latin America
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • France
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
    • Middle East
      • Market Share Analysis, By Country/Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country/Region, 2019 - 2027
        • GCC
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Israel
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Distribution Channel, 2017 - 2027 (US$ Mn)
        • Rest of Middle East
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
    • Africa
      • Market Share Analysis, By Country/Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country/Region, 2019 - 2027
        • Northern Africa
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
        • Central Africa
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
        • South Africa
          • Country/Region Trends
          • Market Size and Forecast, By Category, 2017 - 2027 (US$ Mn)
          • Market Size and Forecast, By Form, 2017 - 2027 (US$ Mn)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Cargill, Incorporated
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Archer Daniels Midland Company
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bunge Limited
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wilmar International Ltd.
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ventura Foods
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Associated British Foods
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • AAK
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • J. M. Smucker Company
        • Company Overview
        • Category Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 45 market data tables and 22 figures on "Shortenings Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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