The global shortening market is estimated to grow at a CAGR of 5.1%, to reach USD 4.82 billion by 2023
Shortenings Market By Source (Vegetable And Animal), By Variant (Cake/Icing, Solid, Liquid, All-Purpose And Others), By Application (Confectionary Products, Bakery Products, Snacks And Savoury Products And Others)
(EMAILWIRE.COM, October 01, 2019 ) Shortening refers to fat that is a solid at room temperature and used to make pastry and other food products. Shortenings Market was worth USD 3.76 billion in 2018. Shortening can be defined as fats which are solid at room temperature. They are normally used in making pastries and other foods. Shortening is utilized in pastries which should not be elastic, like cake. Though butter is solid at room temperatures and frequently used in pastry making, the word "shortening" rarely refers to butter, but to margarine.
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Drivers and Restraints:
The favorable functioning properties, rising convenience food sector, increasing usage of shortenings in bakery and confectionary foods among others are the factors driving the Global Shortenings market. The market is constrained by factors like the risk of adverse health effects from it.
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Geographic Segmentation
The Global Shortenings market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East, and Africa and Europe. North America is expected to have the largest market in the world by share. Asia Pacific region is expected to have the largest growth rate in the forecast period, which is due to rising production in Malaysia and Indonesia.
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Some of the major players in the market include Cargill, Bunge Limited, Conagra Brands, Wilmar International Limited, Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO), Ventura Foods, LLC, Manildra Group and AAK AB.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
View a sample and decide: https://www.marketdataforecast.com/market-reports/shortenings-market-7470/request-sample
Drivers and Restraints:
The favorable functioning properties, rising convenience food sector, increasing usage of shortenings in bakery and confectionary foods among others are the factors driving the Global Shortenings market. The market is constrained by factors like the risk of adverse health effects from it.
To know more read: https://www.marketdataforecast.com/market-reports/shortenings-market-7470/
Geographic Segmentation
The Global Shortenings market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East, and Africa and Europe. North America is expected to have the largest market in the world by share. Asia Pacific region is expected to have the largest growth rate in the forecast period, which is due to rising production in Malaysia and Indonesia.
Get your customized report: https://www.marketdataforecast.com/market-reports/shortenings-market-7470/customize-report
Some of the major players in the market include Cargill, Bunge Limited, Conagra Brands, Wilmar International Limited, Archer Daniels Midland Company, International Foodstuff Company Holdings Limited (IFFCO), Ventura Foods, LLC, Manildra Group and AAK AB.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results