Shortenings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Shortenings Market: Overview
Shortening is considered as a vital baking ingredient, thanks to which the global market is expected to exhibit a healthy growth in the next few years. The easy availability of shortenings and the increasing popularity of a wide range of baking products are anticipated to fuel the growth of the global shortenings market in the coming years. With these factors, the global market is likely to witness healthy growth and register a progressive growth rate in the near future.
Global Shortenings Market: Key Trends
The key players in the global shortenings market are projected to face several challenges in the near future. The rising demand for clean label products and the increasing use of shortenings substitutes are anticipated to restrict the growth of the overall market throughout the forecast period. Nonetheless, the growing demand for low-calorie products from consumers worldwide is estimated to offer promising opportunities for players in the next few years. Moreover, the expansion of the application base of baking ingredients is expected to augment global shortenings market in the near future.
Global Shortenings Market: Market Potential
A tremendous rise in the demand for shortenings in bakery products, owing to the rising popularity of baked food products is one of the important factors expected to augment the growth of the global shortenings market in the next few years. In addition, the changing lifestyle of consumers and their rising disposable income are estimated to accelerate the growth of the overall market in the forecast period.
On the contrary, the rising health concerns associated with the excessive consumption of oils and fats are anticipated to restrict the growth of the global shortenings market in the coming years. In addition, the increasing health consciousness among consumers is predicted to hamper the development of the market in the near future.
Global Shortenings Market: Regional Outlook
In the last few years, Asia Pacific led the global shortenings market with a key share on the basis of volume as well as value. The increasing contribution from China, Indonesia, India, and Malaysia is estimated to supplement the growth of the market in the forecast period. In addition, the rising purchasing power of consumers and the increasing population are some of the other factors predicted to encourage the growth of the market. As per the research study, Asia Pacific is expected to witness healthy growth and remain in the prominent position over the forecast period.
Furthermore, the improving lifestyle of consumers in several developing nations and the increasing rate of consumption of bakery products are projected to accelerate the growth of the Asia Pacific shortenings market in the forecast period. The North America and Europe market for shortenings are estimated to register moderate growth rates in the forecast period.
Global Shortenings Market: Competitive Analysis
The global shortenings market is highly competitive and fragmented in nature, with the presence of a large number of players. Some of the leading players operating in the shortenings market across the globe are AAK AB, Bunge Limited, Conagra Brands, Associated British Foods PLC (ABF), Cargill, Archer Daniels Midland Company, International Foodstuff Company Holdings Limited, Wilmar International Limited, Ventura Foods, LLC, and Manildra Group.
The development of the food and beverages industries across the globe is one of the key factors encouraging the development of the shortenings market in the next few years. The key players in the market are focusing on marketing activities and tactics in order to enhance their presence and reach a large volume of consumers across the globe. In addition, the expansion of the product portfolio is likely to benefit the leading players in the near future.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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