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Shortening Market The global shortening market size was valued at $4,250.0 million in 2020, and is estimated to reach $6,373.6 Million by 2030, registering a CAGR of 4.2% from 2021 to 2030. In 2020, the vegetables segment accounted for significant revenue share in the market, and is expected to grow at a CAGR of 3.8% throughout the forecast period. Europe is one of the prominent regions, which accounted for a sizeable share of the total market in 2020. A shortening is characterized as a fat, solid at room temperature, which can be used to provide foods a brittle and fresh texture such as pastry. Examples of fat used as shortening include butter, soybean, margarine, vegetable oils, and fat. Drivers, restraints, and opportunitiesThe increasing processed food sector is driving the shortening market demand. In some nations processed food items, such as pasta and noodles, are consumed as staple foods. The period of preparation is comparably short for dry-ready meals, dried noodles, pasta, and many other processed food products. The shortening fats in bread product are often utilized for its many functional advantages such as better elasticity, higher smoke point, and higher shelf-life.
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Shortening Market Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/14359 Frontrunners in the industry
Cargill Incorporated
Premium Vegetable Oils Sdn Bhd
Bunge North America
Fediol
Namchow Chemical Industrial Co. Ltd
Wilmar International Ltd
Fuji Oil Co. Ltd
Associated British Foods plc
Ventura Foods
J.M. Smucker Company
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Shortening Market Key Market Segment: On the basis of type, the vegetables segment accounted for the maximum share in the global shortening market in 2020, and is expected to remain dominant during the shortening market forecast period. Vegetable shortening is majorly favored over animal shortening during usage in bakery and cooking. On the basis of application, the bakery products segment accounts to higher value share. The increase in consumer preference for convenience food products indirectly encourages the demand for bakery products as they require less time and effort. On the basis of sales channel, the indirect stores segment held the significant shortening market share in 2020. Urban and semi urban population prefer outlets, convenience store, and hypermarket/supermarket due to easy accessibility of products. On the basis of region, Europe dominated the shortening market in 2020, and accounted for maximum market share. Growing the trend of fresh baked and confectionery products in the market such as bread, cake, dried noodles, and other functional food items is key growth of market development in this region.
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Shortening Market
Purchase this Report (Price 6,169 USD for single user license): https:// www.alliedmarketresearch.com/checkout-final/18110a18076c0caa25d586930590358c Key benefits for stakeholders The report provides quantitative analysis of the current shortening market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing Shortening market opportunities. Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. In-depth analysis and the market size & segmentation assist to determine the market potential. The major countries in each region are mapped according to their revenue contribution to the market. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the shortening industry.
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Shortening Market
Covid-19 scenario
The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Shortening Market. There were huge disruptions in the supply chain as well.
Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again.
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Shortening Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Shortening Market Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
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