North America Shortening Market Size, Share & Trends Analysis Report By Source, By Application, By Sales Channel . By Country and Growth Forecast, 2023

Description

List of Tables

The North America Shortening Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 78079.69 Tonnes, showcasing a growth of 3.9% (2019-2022).

Animal fats, such as lard and tallow, are traditional sources of shortening and have been used for centuries in various culinary applications. Lard, rendered from pork fat, offers a rich flavor profile and desirable texture in baked goods, while tallow, derived from beef fat, provides a distinct savory quality often utilized in frying and pastry applications. Therefore, the Mexico market will extract 8,179.07 Tonnes of shortening from Animal source by 2030.

The US market dominated the North America Shortening Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,266.7 Million by 2030. The Canada market is experiencing a CAGR of 6.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2023 - 2030).

Consumer preferences and demands also drive the adoption of shortening. Manufacturers respond by incorporating shortening into their formulations as consumers seek products with desirable textures, extended shelf life, and familiar tastes. This responsiveness to consumer preferences enhances the market adoption of shortening across a wide range of food products. One of the primary and traditional uses of shortening is in baking. Shortening's unique properties contribute to the flakiness and tenderness of pie crusts, biscuits, and pastries. Its solid fat content at room temperature creates a desirable texture in baked goods, making it an essential ingredient in the production of cakes, cookies, and various pastry delights.

Moreover, shortening's high smoke point and stability at elevated temperatures make it an ideal choice for frying and deep-frying applications. Shortening imparts a crispy texture to the exterior while maintaining a moist interior, whether it's frying doughnuts, chicken, or other fried delicacies. This use is prevalent in both commercial kitchens and industrial food processing. Shortening is a key component in the confectionery industry, contributing to the smooth and creamy texture of icings, fillings, and ganache.

The Organization for Economic Cooperation and Development (OECD)estimates that the average household net worth in Canada is USD 478 240, more than the OECD average of USD 323,960. As Canadians have more money for discretionary purchases, they are more likely to invest in premium and specialized food products, including high-quality shortening for cooking and baking purposes. Hence, the factors mentioned above will drive the regional market growth.

Based on Source, the market is segmented into Vegetable, and Animal. Based on Application, the market is segmented into Bakery Products, Confectionery Products, Snacks & Savory Products, and Others. Based on Sales Channel, the market is segmented into Indirect Sales, and Direct Sales. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Cargill, Incorporated
Wilmar International Limited
Bunge Limited
Associated British Foods PLC (Wittington Investments Limited)
The J.M Smucker Company
Premium Vegetable Oils Sdn Bhd
Ventura Foods, LLC
Namchow Holdings Co., Ltd.
Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
AAK AB

North America Shortening Market Report Segmentation

By Source (Volume, Tonnes, USD Billion, 2019-2030)

Vegetable
Animal

By Application (Volume, Tonnes, USD Billion, 2019-2030)

Bakery Products
Confectionery Products
Snacks & Savory Products
Others

By Sales Channel (Volume, Tonnes, USD Billion, 2019-2030)

Indirect Sales
Direct Sales

By Country (Volume, Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Shortening Market, by Source
- 1.4.2North America Shortening Market, by Application
- 1.4.3North America Shortening Market, by Sales Channel
- 1.4.4North America Shortening Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Shortening Market by Source

4.1North America Vegetable Market by Country
4.2North America Animal Market by Country

Chapter 5.North America Shortening Market by Application

5.1North America Bakery Products Market by Country
5.2North America Confectionery Products Market by Country
5.3North America Snacks & Savory Products Market by Country
5.4North America Others Market by Country

Chapter 6.North America Shortening Market by Sales Channel

6.1North America Indirect Sales Market by Country
6.2North America Direct Sales Market by Country

Chapter 7.North America Shortening Market by Country

7.1US Shortening Market
- 7.1.1US Shortening Market by Source
- 7.1.2US Shortening Market by Application
- 7.1.3US Shortening Market by Sales Channel
7.2Canada Shortening Market
- 7.2.1Canada Shortening Market by Source
- 7.2.2Canada Shortening Market by Application
- 7.2.3Canada Shortening Market by Sales Channel
7.3Mexico Shortening Market
- 7.3.1Mexico Shortening Market by Source
- 7.3.2Mexico Shortening Market by Application
- 7.3.3Mexico Shortening Market by Sales Channel
7.4Rest of North America Shortening Market
- 7.4.1Rest of North America Shortening Market by Source
- 7.4.2Rest of North America Shortening Market by Application
- 7.4.3Rest of North America Shortening Market by Sales Channel

Chapter 8.Company Profiles

8.1Cargill, Incorporated
- 8.1.1Company Overview
- 8.1.2SWOT Analysis
8.2Wilmar International Limited
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4SWOT Analysis
8.3Bunge Limited
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
8.4Associated British Foods PLC (Wittington Investments Limited)
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5SWOT Analysis
8.5The J.M Smucker Company
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expenses
- 8.5.5SWOT Analysis
8.6Premium Vegetable Oils Sdn Bhd
- 8.6.1Company Overview
- 8.6.2SWOT Analysis
8.7Ventura Foods, LLC
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
8.8Namchow Holdings Co., Ltd.
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expenses
- 8.8.5SWOT Analysis
8.9Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4SWOT Analysis
8.10.AAK AB
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3SWOT Analysis

LIST OF TABLES

TABLE 1North America Shortening Market, 2019 - 2022, USD Million
TABLE 2North America Shortening Market, 2023 - 2030, USD Million
TABLE 3North America Shortening Market, 2019 - 2022, Tonnes
TABLE 4North America Shortening Market, 2023 - 2030, Tonnes
TABLE 5North America Shortening Market by Source, 2019 - 2022, USD Million
TABLE 6North America Shortening Market by Source, 2023 - 2030, USD Million
TABLE 7North America Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 8North America Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 9North America Vegetable Market by Country, 2019 - 2022, USD Million
TABLE 10North America Vegetable Market by Country, 2023 - 2030, USD Million
TABLE 11North America Vegetable Market by Country, 2019 - 2022, Tonnes
TABLE 12North America Vegetable Market by Country, 2023 - 2030, Tonnes
TABLE 13North America Animal Market by Country, 2019 - 2022, USD Million
TABLE 14North America Animal Market by Country, 2023 - 2030, USD Million
TABLE 15North America Animal Market by Country, 2019 - 2022, Tonnes
TABLE 16North America Animal Market by Country, 2023 - 2030, Tonnes
TABLE 17North America Shortening Market by Application, 2019 - 2022, USD Million
TABLE 18North America Shortening Market by Application, 2023 - 2030, USD Million
TABLE 19North America Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 20North America Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 21North America Bakery Products Market by Country, 2019 - 2022, USD Million
TABLE 22North America Bakery Products Market by Country, 2023 - 2030, USD Million
TABLE 23North America Bakery Products Market by Country, 2019 - 2022, Tonnes
TABLE 24North America Bakery Products Market by Country, 2023 - 2030, Tonnes
TABLE 25North America Confectionery Products Market by Country, 2019 - 2022, USD Million
TABLE 26North America Confectionery Products Market by Country, 2023 - 2030, USD Million
TABLE 27North America Confectionery Products Market by Country, 2019 - 2022, Tonnes
TABLE 28North America Confectionery Products Market by Country, 2023 - 2030, Tonnes
TABLE 29North America Snacks & Savory Products Market by Country, 2019 - 2022, USD Million
TABLE 30North America Snacks & Savory Products Market by Country, 2023 - 2030, USD Million
TABLE 31North America Snacks & Savory Products Market by Country, 2019 - 2022, Tonnes
TABLE 32North America Snacks & Savory Products Market by Country, 2023 - 2030, Tonnes
TABLE 33North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35North America Others Market by Country, 2019 - 2022, Tonnes
TABLE 36North America Others Market by Country, 2023 - 2030, Tonnes
TABLE 37North America Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 38North America Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 39North America Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 40North America Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 41North America Indirect Sales Market by Country, 2019 - 2022, USD Million
TABLE 42North America Indirect Sales Market by Country, 2023 - 2030, USD Million
TABLE 43North America Indirect Sales Market by Country, 2019 - 2022, Tonnes
TABLE 44North America Indirect Sales Market by Country, 2023 - 2030, Tonnes
TABLE 45North America Direct Sales Market by Country, 2019 - 2022, USD Million
TABLE 46North America Direct Sales Market by Country, 2023 - 2030, USD Million
TABLE 47North America Direct Sales Market by Country, 2019 - 2022, Tonnes
TABLE 48North America Direct Sales Market by Country, 2023 - 2030, Tonnes
TABLE 49North America Shortening Market by Country, 2019 - 2022, USD Million
TABLE 50North America Shortening Market by Country, 2023 - 2030, USD Million
TABLE 51North America Shortening Market by Country, 2019 - 2022, Tonnes
TABLE 52North America Shortening Market by Country, 2023 - 2030, Tonnes
TABLE 53US Shortening Market, 2019 - 2022, USD Million
TABLE 54US Shortening Market, 2023 - 2030, USD Million
TABLE 55US Shortening Market, 2019 - 2022, Tonnes
TABLE 56US Shortening Market, 2023 - 2030, Tonnes
TABLE 57US Shortening Market by Source, 2019 - 2022, USD Million
TABLE 58US Shortening Market by Source, 2023 - 2030, USD Million
TABLE 59US Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 60US Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 61US Shortening Market by Application, 2019 - 2022, USD Million
TABLE 62US Shortening Market by Application, 2023 - 2030, USD Million
TABLE 63US Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 64US Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 65US Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 66US Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 67US Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 68US Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 69Canada Shortening Market, 2019 - 2022, USD Million
TABLE 70Canada Shortening Market, 2023 - 2030, USD Million
TABLE 71Canada Shortening Market, 2019 - 2022, Tonnes
TABLE 72Canada Shortening Market, 2023 - 2030, Tonnes
TABLE 73Canada Shortening Market by Source, 2019 - 2022, USD Million
TABLE 74Canada Shortening Market by Source, 2023 - 2030, USD Million
TABLE 75Canada Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 76Canada Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 77Canada Shortening Market by Application, 2019 - 2022, USD Million
TABLE 78Canada Shortening Market by Application, 2023 - 2030, USD Million
TABLE 79Canada Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 80Canada Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 81Canada Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 82Canada Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 83Canada Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 84Canada Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 85Mexico Shortening Market, 2019 - 2022, USD Million
TABLE 86Mexico Shortening Market, 2023 - 2030, USD Million
TABLE 87Mexico Shortening Market, 2019 - 2022, Tonnes
TABLE 88Mexico Shortening Market, 2023 - 2030, Tonnes
TABLE 89Mexico Shortening Market by Source, 2019 - 2022, USD Million
TABLE 90Mexico Shortening Market by Source, 2023 - 2030, USD Million
TABLE 91Mexico Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 92Mexico Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 93Mexico Shortening Market by Application, 2019 - 2022, USD Million
TABLE 94Mexico Shortening Market by Application, 2023 - 2030, USD Million
TABLE 95Mexico Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 96Mexico Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 97Mexico Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 98Mexico Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 99Mexico Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 100Mexico Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 101Rest of North America Shortening Market, 2019 - 2022, USD Million
TABLE 102Rest of North America Shortening Market, 2023 - 2030, USD Million
TABLE 103Rest of North America Shortening Market, 2019 - 2022, Tonnes
TABLE 104Rest of North America Shortening Market, 2023 - 2030, Tonnes
TABLE 105Rest of North America Shortening Market by Source, 2019 - 2022, USD Million
TABLE 106Rest of North America Shortening Market by Source, 2023 - 2030, USD Million
TABLE 107Rest of North America Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 108Rest of North America Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 109Rest of North America Shortening Market by Application, 2019 - 2022, USD Million
TABLE 110Rest of North America Shortening Market by Application, 2023 - 2030, USD Million
TABLE 111Rest of North America Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 112Rest of North America Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 113Rest of North America Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 114Rest of North America Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 115Rest of North America Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 116Rest of North America Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 117Key Information - Cargill, Incorporated
TABLE 118Key Information - Wilmar International Limited
TABLE 119Key Information - Bunge Limited
TABLE 120Key Information - Associated British Foods PLC
TABLE 121Key Information - The J.M Smucker Company
TABLE 122Key Information - Premium Vegetable Oils Sdn Bhd
TABLE 123Key Information - Ventura Foods, LLC
TABLE 124Key Information - Namchow Holdings Co., Ltd.
TABLE 125Key Information - Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
TABLE 126Key Information - AAK AB

North America Shortening Market Size, Share & Trends Analysis Report By Source, By Application, By Sales Channel . By Country and Growth Forecast, 2023 - 2030