Bharat Book Bureau Provides the Trending Market Research Report on Global and Regional Shortenings Market Opportunity Analysis And Industry Forecast 2018-2023 under Food & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, Global presence, and their future prospects.
Shortenings Market size will grow from USD 3.65 Billion in 2017 to USD 4.84 Billion by 2023, at an estimated CAGR of 4.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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.
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By Market Players:
- Bunge Limited
- Conagra Brands
- Wilmar International Limited
- Archer Daniels Midland Company
- International Foodstuff Company Holdings Limited (IFFCO)
- Ventura Foods, LLC
- Manildra Group
- AAK AB
- Associated British Foods PLC (ABF)
- Vegetable Shortenings
- Animal Shortenings
By Key Ingredient
- Solid Shortening
- Liquid Shortening
- Cake/Icing Shortening
- All-Purpose Shortening
- Other Shortening Variants
- Bakery Products
- Snacks & Savory Products
- Confectionery Products
- Other Applications
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
- The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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