Shortenings Market to Reach $4.57 Billion by 2022 - Aided by Rising Demand for Bakery & Confectionery Products - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Shortenings Market - Global Forecast to 2022" report to their offering.

The shortenings market is projected to grow at a CAGR of 4.2%, in terms of value, from 2017 to reach a projected value of USD 4.57 Billion by 2022.

Shortenings find a wide range of applications in the confectionery, bakery, and snacks & savory sectors. The factors such as increase in demand for shortenings in various food applications, and rise in demand for bakery and confectionery products has fueled the growth in the market. Affordability, convenience, and health benefits are the main factors that drive the baked foods market. The market for products such as breads, cereal, cakes, biscuits, and pastries is well-established in Europe. Whereas, demand for bakery and confectionery products is increasing in the Asia-Pacific region with the growing per capita consumption of breads and baked goods.

The Asia-Pacific region dominated the market and accounted for the largest share, in terms of both value and volume, in the global shortenings market, in 2016. The Asia-Pacific region comprises developing economies such as India, China, Malaysia, and Indonesia. With the rise in population and improvements in the purchasing power of consumers in developing countries such as China and India, the market in this region is expected to witness a high growth in the future. The changes in eating habits of consumers in this region have resulted in a rise in the consumption of bakery products and snacks. These factors drive the shortenings market in the Asia-Pacific region.

Companies Mentioned

  • AAK AB
  • Archer Daniels Midland Company
  • Associated British Foods PLC(ABF)
  • Bunge Limited
  • Cargill
  • Conagra Brands
  • International Foodstuff Company Holdings Limited (IFFCO)
  • Manildra Group
  • Ventura Foods, LLC
  • Wilmar International Limited

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Shortenings Market, By Source

8 Shortenings Market, By Key Ingredient

9 Shortenings Market, By Variant

10 Shortenings Market, By Application

11 Shortenings Market, By Region

12 Shortenings, By Process

13 Shortenings, By Brand

14 Competitive Landscape

15 Company Profiles

16 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/ngqdwm/shortenings

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716