Shortening Fats Market Report 2025 (Global Edition)

Global Shortening Fats Market Report 2025 Market Size Split by Product Type (Palm & Palm Kernel, Sunflower Seed, Soybeans, Animal Based, Butter, Lard), by Application (Confectionery, Ice Cream, Snacks...

Shortening Fats Market Report Description

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Competitive Landscape of the Shortening Fats Market

With leading companies concentrating on innovation, sustainability, strategic collaborations, and global expansion to strengthen their market position, the shortening fats market is characterized by a dynamic competitive landscape. These companies hope to gain a bigger portion of the expanding market for shortening fats by responding to consumer desires for healthier and more environmentally friendly goods.

December 2023: The Cargill Innovation Center (CIC) in India is setting the standard for insights-led innovation in co-creating food solutions that are best suited for regional tastes and preferences. This is in response to Indian customer preferences that prioritize health and well-being as well as engaging sensory experiences. (Source: https://www.cargill.co.in/en/2023/cargill-innovating-for-india-in-india) August 2020: In Kurkumbh, Maharashtra, Cargill invested USD 15 million in a high-pressure hydrogenation factory to produce excellent bypass fat, a nutritional and health supplement for dairy cattle. (Source: https://www.cargill.co.in/en/2020/cargill-invests-$15-million-in-new-bioindustrial-plant-in-india#:~:text=Enhancing%20milk%20production%20has%20been,nutrition%20supplement%20for%20dairy%20cattle.)

Top Companies Market Share in Shortening Fats Industry: (In no particular order of Rank)

• Yidiz Holding (Eksper Food)
• NMGK Group
• FUJI OIL CO. LTD.
• Pristine Baking Solutions.
• Bunge North America Inc.
• Cargill
• Sime Darby
• Namchow Chemical Industrial Co. Ltd
• Wilmar-International
• Sunnyfoods
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Shortening Fats Market

Which Region Dominates the Shortening Fats Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because the region has a thriving baking industry. Nowadays, consumers are moving toward "healthy eating," particularly when it comes to freshly baked goods like pies, cakes, and bread. These developed regions nonetheless have a somewhat fragmented bakery business, with many bakers operating under their names and independently. This is a huge opportunity for manufacturers of short-lived fat goods if customer demand for clean-label, organic, and incredibly handy items is sufficiently met.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Shortening Fats market due to several compelling reasons. The market growth in the region is attributed to the rising food and beverage industry, increasing disposable income of the population and growing health and wellness trends.

The current report Scope analyzes Shortening Fats Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Shortening Fats

According to Cognitive Market Research, the global Shortening Fats market size was estimated at USD 3165.9 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1266.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Shortening Fats market with a market size of USD 999.16 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The country revenue growth is attributed to technological advancements.
• The Canada Shortening Fats market had a market share of USD 151.96 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's increasing demand for bakery and confectionery items to increased usage of Shortening Fats.
• The Mexico Shortening Fats market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 115.24 million in 2024.

Europe Shortening Fats

According to Cognitive Market Research, the global Shortening Fats market size was estimated at USD 3165.9 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 949.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Shortening Fats market had a market share of USD 159.56 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Shortening Fats sales witness an upswing due to the nation's rising investment in advanced technology.
• The France Shortening Fats market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 87.38 million in 2024.
• According to Cognitive Market Research, the Germany Shortening Fats market size was valued at USD 188.05 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Shortening Fats sales surged due to the regional demand for bakery and confectionery items.
• The Italy Shortening Fats market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 81.68 million in 2024.
• The Russia Shortening Fats market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 147.21 million in 2024.
• The Spain Shortening Fats market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 77.88 million in 2024
• The Luxembourg Shortening Fats market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 29.44 million in 2024.
• The Portugal Shortening Fats market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 19.95 million in 2024.
• The Greece Shortening Fats market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 11.40 million in 2024.
• Rest of Europe's Shortening Fats market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 147.21 million in 2024.

Asia Pacific Shortening Fats

According to Cognitive Market Research, the global Shortening Fats market size was estimated at USD 3165.9 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 728.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Shortening Fats market size was valued at USD 327.67 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Shortening Fats sales surge in China due to the rising investment in advanced technology.
• The Japan Shortening Fats market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 100.49 million in 2024.
• The India Shortening Fats market had a market share of USD 87.38 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's rising urbanization.
• The South Korea Shortening Fats market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 72.82 million in 2024.
• The Australia Shortening Fats market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 37.86 million in 2024.
• The South East Asia Shortening Fats market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 50.24 million in 2024.
• The Rest of Asia Pacific Shortening Fats market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 51.70 million in 2024.

South America Shortening Fats

According to Cognitive Market Research, the global Shortening Fats market size was estimated at USD 3165.9 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 158.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Shortening Fats market size was valued at USD 67.75 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Shortening Fats sales flourish in Brazil due to the increasing investment.
• Argentina Shortening Fats market had a market share of USD 26.59 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's technological advancements augment the demand to drive innovation in the food industry.
• Colombia Shortening Fats market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 14.09 million in 2024.
• Peru Shortening Fats market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 12.98 million in 2024.
• Chile Shortening Fats market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 11.40 million in 2024.
• The Rest of Latin America Shortening Fats market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 25.49 million in 2024.

Middle East Shortening Fats

According to Cognitive Market Research, the global Shortening Fats market size was estimated at USD 3165.9 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 63.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Shortening Fats market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 27.10 million in 2024. Shortening Fats sales flourish due to the growing urbanization.
• The Egypt Shortening Fats market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 6.65 million in 2024.
• The South Africa Shortening Fats market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10.00 million in 2024. Shortening Fats sales flourish in South Africa due to the rising technological advancement in food processing.
• The Turkey Shortening Fats market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 5.45 million in 2024.
• The Nigeria Shortening Fats market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 6.65 million in 2024.
• The Rest of MEA Shortening Fats market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 7.47 million in 2024.

Shortening Fats Market Analysis

Shortening Fats Market Product Type Segment Analysis

According to Cognitive Market Research, Soybeans stand out as the dominating category. This increase can be attributed to the increased use of soybean shortenings for a variety of applications requiring solid and semi-solid shortenings, including high oleic and conventional soybean shortenings. Two common sources of shortening used in baked goods are canola and soybean oil. The Soybeans segment is expanding due in part to the increasing manufacturing of soy-based shortenings through interesterification.

Sunflower Seed emerges as the fastest-growing category in the Shortening Fats market. Polyunsaturated fats, in particular, which are thought to be heart-healthy, are abundant in sunflower seed oil. Furthermore, it has the antioxidant vitamin E. In keeping with the increased customer desire for healthier food ingredients, it is also free of trans fats.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Shortening Fats Industry. Request a Free Sample PDF!

According to Cognitive Market Research, the dominating category is Bakery. Consumer demand for easy, ready-to-eat goods as well as decadent delights is fueling the worldwide bakery industry's growth. Shortening fats are in high demand as a result of this expansion. Increased demand for high-quality shortening fats is fueled by the appeal of artisanal and specialty baked goods, which frequently have distinctive flavors and textures.

The fastest-growing category in the Shortening Fats market is Confectionery. Growth in revenue in the confectionery market is being driven by ongoing innovation in shortening fat compositions. To satisfy the various demands of confectionery producers, manufacturers are creating specialized fats with increased functions, such as enhanced stability and melting capabilities.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Shortening Fats Form Segment Analysis

The global Shortening Fats market will expand significantly by 5.00% CAGR between 2024 to 2031.

The dominating category is Liquid. Compared to solid shortenings, liquid shortening is simpler to measure, pour, and combine, making it more convenient for bakers, both commercial and domestic. It saves time and work during preparation by blending it seamlessly with recipes.

The dominating category is Bakery. Consumer demand for easy, ready-to-eat goods as well as decadent delights is fueling the worldwide bakery industry's growth.

• Solid
• Liquid
• All-purpose shortening
• Cake/icing shortening

Shortening Fats Source Segment Analysis

• Vegetables
• Animal

Shortening Fats Sales Channel Segment Analysis

• Direct sales
• Indirect sales

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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