Specialty Shortenings Market

Plant-based Ingredients Increasing Popularity is also Creating Increased Opportunity for the Plant-based Specialty Shortenings in the Global Market

The global specialty shortenings market is driven by the increasing consumption of processed food and beverage industry around the world. Bakery and confectionery industry is flourishing and expanding at a rapid speed, especially in the Asian countries. The adoption of Western lifestyle and diet habits has resulted in the spread of café culture and specialty bakery franchises in Asia and the Middle East and Africa. With the consumer shift in food habits and easy access is creating a positive outlook in the global specialty shortenings market. Additionally, the global market of specialty shortenings market is also driven majorly by the increasing consumption of chocolate. Chocolate is becoming more popular for its effect in the relieving stress and uplifting the mood, which has affected the increase in the demand for specialty shortenings.

The specialty shortenings are also used in the other industries besides the food and beverage industry such as cosmetics and personal care and pharmaceutical products. The use of cosmetics and personal care products has been steadily increasing in the world, owing to the increased consumer awareness about the products and increased access. Moreover, the emergence of gender-specific cosmetics and personal care products is resulting in the expansion of the cosmetic industry. This, in turn, is increasing the demand for specialty shortenings in the global market.

Specialty Shortenings Market: Regional Analysis

North American and European countries occupy the majority of the share in the global specialty shortenings market. The consumption of consumer goods products such as processed food and beverage, pharmaceuticals, and cosmetics and personal care products is dominated by North American and European countries in the world. However, Asian and Middle Eastern and African region is likely to witness the highest growth rate over the forecast period in the global specialty shortenings market. The shift of population from a rural area to the urban area and increased availability of processed consumer goods products in these regions is resulting in the increased consumption and increased demand for specialty shortenings in the global market.

Specialty Shortenings Market: Key Participants

Some of the market participants in the specialty shortenings market are:

• Bunge North America, Inc.
• Cargill, Inc.
• Archer Daniels Midland Company
• Ventura Foods
• Musim Mas Holdings Pte. Ltd.
• Sime Darby Kempas Sdn. Bhd.
• Tate & Lyle Plc.

The research report presents a comprehensive assessment of the Specialty Shortenings market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.

The report covers exhaustive analysis on:

• Specialty Shortenings Market Segments
• Specialty Shortenings Market Dynamics
• Specialty Shortenings Market Size
• Specialty Shortenings Supply and Demand
• Current Trends/Issues/Challenges pertaining to Specialty Shortenings Market
• Competition Landscape and Emerging Market Participants in Specialty Shortenings Market
• Technology related to Production/Processing of Specialty Shortenings
• Value Chain Analysis of the Specialty Shortenings Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.