The sale in the global emulsified shortenings market is expected to project growth at a CAGR of around 5% to 6% during the forecast period from 2022 to 2032.
Growing food & beverage products manufacturers' emphasis on launching novel products with unique taste and unparalleled mouth feel is estimated to accelerate the demand for emulsified shortenings in the global market.
| Report Attribute | Details |
|---|---|
| Emulsified Shortenings Market Projected Growth Rate (2022-2032) | 5% to 6% CAGR |
Emulsified shortenings, also referred to as icing shortening or high ratio shortening, is a type of fat made from animal fats or vegetable oils. These shortenings are of white color, creamy texture, and have a neutral taste, thereby, they do not interfere with the other flavorings.
They contain micro emulsifiers that act as a molecular matchmaker by holding water, oil, and shortening together, which assists the products in holding moisture for a longer period of time.
Emulsified shortenings are garnering immense popularity across diverse food & beverage sectors, on account of their ability to elevate taste, enhance texture, increase moisture, and improve mouth feel.
It also helps in increasing the volume of bakery products, improves crumb structure in cakes, assist in strengthening the gluten network in the dough, and enhances the structure of whipped products. Attributed to this, these shortenings are finding a wide range of applications in the preparation of various products such as dairy, bakery, confectionery, and desserts.
Hence, increasing consumption of cakes, brownies, bread, candies, ice creams, smoothies, chocolates, desserts, and others across the world is estimated to bolster the sales of emulsified shortenings in the global market.
There has been a significant increase in the prevalence of lifestyle diseases such as hypertension, obesity, diabetes, and others worldwide over the past few years. For instance, according the National Health and Nutrition Examination Survey, around 42.4 % of the overall population, or more than 2 out of 5 adults between the ages 18 and 69 were reported to be suffering from obesity.
Hence, rising concerns regarding healthly lifestyle, and growing focus on decreasing the consumption of fatty & high-calorie foods such as cakes, ice creams, chocolates, and others are estimated to hinder the sales of emulsified shortenings in the market.
As per Future Market Insights, North America is projected to emerge as a highly remunerative market for emulsified shortenings during the forecast period 2022 to 2032.
Due to the shifting consumer preference towards adopting packed and convenience food, the consumption of quality bakery products such as pastries, bread, cakes, cookies, and others is increasing at a rapid pace. To capitalize on this trend, leading Hotels, Restaurants, and Café (HoReCa) industry players are aiming at launching novel outlets.
For instance, in March 2020, Levain Bakery, a USA based retail bakery announced opening a new outlet in Lower Manhattan, New York, the USA to expand its footprint. Since emulsified shortenings is used in preparing bakery products, a multiplicity of such developments is estimated to augment the demand for emulsified shortenings in the North America market.
As per a study by FMI, Europe is estimated to register robust growth in the global emulsified shortenings market during the forecast period 2022 to 2032.
With growing adoption of novel additives shortenings for enhancing the texture, volume, and moisture of processed food products and rising shift towards adopting plant-based ingredients, key companies are focusing on launching novel products sourced from plants.
For instance, in 2019, Bunge Loders Croklaan B.V., A Netherlands-based producer of sustainable specialty oils and fats announced launching a new plant-based specialty emulsified shortenings Vream Elite, sourced from soy. It aids in maximizing the texture, taste, and functionality of cakes, icings, donuts, pies, and cookies. Such new product launches are anticipated to favor the growth in the Europe market.
Some of the leading players in the emulsified shortenings market are Cargill, Incorporated, Bunge Limited, Mallet & Company, Inc., Lonza Group AG, Palsgaard, Archer Daniels Midland Company, and others.
Leading manufacturers of emulsified shortenings in the global market are aiming at adoption strategies such as new product launch, production capacity expansion, acquisition, collaboration, and others for strengthen their footprint in the competitive market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5% to 6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Form, Source, End Use, Region |
| Countries Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa |
| Key Companies Profiled | Cargill, Incorporated; Bunge Limited; Mallet & Company, Inc.; Lonza Group AG; Palsgaard; Archer Daniels Midland Company; Others |
| Customization | Available Upon Request |
FMI projects the sales of emulsified shortenings in the market is expected to rise at 5% to 6% value CAGR by 2032.
The global emulsified shortenings market is expected to be dominated by North America over the forecast period 2022 to 2032
Cargill, Incorporated, Bunge Limited, Mallet & Company, Inc., Lonza Group AG, Palsgaard, Archer Daniels Midland Company, and others are some of the leading players in the prominent emulsified shortenings market.
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Emulsified Shortenings Market
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