Asia Pacific 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 Asia Pacific Shortening Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 70,838.59 Tonnes, showcasing a growth of 4.6% (2019-2022).

Shortening's plasticity and ability to trap air bubbles during mixing contribute to the light and fluffy texture of cakes and pastries, while its solid form at room temperature helps create flaky and tender pie crusts. In cookie and biscuit manufacturing, shortening provides richness, moisture retention, and spread control, influencing the cookie's texture, appearance, and shelf stability. Therefore, the Japan market utilized 6,507.43 Tonnes of shortening in bakery products in 2022.

The China market dominated the Asia Pacific Shortening Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $459 Million by 2030. The Japan market is registering a CAGR of 3.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.3% during (2023 - 2030).

Shortening's adoption is also driven by its ability to provide convenience and cost efficiency in large-scale food production. Its stable composition contributes to the extended shelf life of products, reducing waste and ensuring a longer timeframe for distribution and retail. Additionally, the cost-effectiveness of shortening compared to certain alternatives makes it an attractive choice for manufacturers seeking to balance quality and production costs.

Moreover, the versatility of shortening in culinary applications has contributed to its adoption in both traditional and innovative recipes. It serves as a foundational ingredient in classic pastries while also being used in creating modern, cutting-edge culinary creations. Chefs appreciate its adaptability, allowing them to experiment with different textures and flavors in their dishes.

As per the International Trade Administration, according to the Food Labeling Standards of China (GB7718-2011), imported foods must be marked with the nation of origin and the name and address of the general distributor registered in the country, among other details. The emphasis on food labeling in China has led to increased consumer awareness and education about food products' ingredients and nutritional content, including shortening. Therefore, due to the above-mentioned factors, the shortening market will grow significantly in this region.

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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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

Asia Pacific 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)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Shortening Market, by Source
- 1.4.2Asia Pacific Shortening Market, by Application
- 1.4.3Asia Pacific Shortening Market, by Sales Channel
- 1.4.4Asia Pacific 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.Asia Pacific Shortening Market by Source

4.1Asia Pacific Vegetable Market by Country
4.2Asia Pacific Animal Market by Country

Chapter 5.Asia Pacific Shortening Market by Application

5.1Asia Pacific Bakery Products Market by Country
5.2Asia Pacific Confectionery Products Market by Country
5.3Asia Pacific Snacks & Savory Products Market by Country
5.4Asia Pacific Others Market by Country

Chapter 6.Asia Pacific Shortening Market by Sales Channel

6.1Asia Pacific Indirect Sales Market by Country
6.2Asia Pacific Direct Sales Market by Country

Chapter 7.Asia Pacific Shortening Market by Country

7.1China Shortening Market
- 7.1.1China Shortening Market by Source
- 7.1.2China Shortening Market by Application
- 7.1.3China Shortening Market by Sales Channel
7.2Japan Shortening Market
- 7.2.1Japan Shortening Market by Source
- 7.2.2Japan Shortening Market by Application
- 7.2.3Japan Shortening Market by Sales Channel
7.3India Shortening Market
- 7.3.1India Shortening Market by Source
- 7.3.2India Shortening Market by Application
- 7.3.3India Shortening Market by Sales Channel
7.4South Korea Shortening Market
- 7.4.1South Korea Shortening Market by Source
- 7.4.2South Korea Shortening Market by Application
- 7.4.3South Korea Shortening Market by Sales Channel
7.5Australia Shortening Market
- 7.5.1Australia Shortening Market by Source
- 7.5.2Australia Shortening Market by Application
- 7.5.3Australia Shortening Market by Sales Channel
7.6Malaysia Shortening Market
- 7.6.1Malaysia Shortening Market by Source
- 7.6.2Malaysia Shortening Market by Application
- 7.6.3Malaysia Shortening Market by Sales Channel
7.7Rest of Asia Pacific Shortening Market
- 7.7.1Rest of Asia Pacific Shortening Market by Source
- 7.7.2Rest of Asia Pacific Shortening Market by Application
- 7.7.3Rest of Asia Pacific 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 1Asia Pacific Shortening Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Shortening Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Shortening Market, 2019 - 2022, Tonnes
TABLE 4Asia Pacific Shortening Market, 2023 - 2030, Tonnes
TABLE 5Asia Pacific Shortening Market by Source, 2019 - 2022, USD Million
TABLE 6Asia Pacific Shortening Market by Source, 2023 - 2030, USD Million
TABLE 7Asia Pacific Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 8Asia Pacific Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 9Asia Pacific Vegetable Market by Country, 2019 - 2022, USD Million
TABLE 10Asia Pacific Vegetable Market by Country, 2023 - 2030, USD Million
TABLE 11Asia Pacific Vegetable Market by Country, 2019 - 2022, Tonnes
TABLE 12Asia Pacific Vegetable Market by Country, 2023 - 2030, Tonnes
TABLE 13Asia Pacific Animal Market by Country, 2019 - 2022, USD Million
TABLE 14Asia Pacific Animal Market by Country, 2023 - 2030, USD Million
TABLE 15Asia Pacific Animal Market by Country, 2019 - 2022, Tonnes
TABLE 16Asia Pacific Animal Market by Country, 2023 - 2030, Tonnes
TABLE 17Asia Pacific Shortening Market by Application, 2019 - 2022, USD Million
TABLE 18Asia Pacific Shortening Market by Application, 2023 - 2030, USD Million
TABLE 19Asia Pacific Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 20Asia Pacific Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 21Asia Pacific Bakery Products Market by Country, 2019 - 2022, USD Million
TABLE 22Asia Pacific Bakery Products Market by Country, 2023 - 2030, USD Million
TABLE 23Asia Pacific Bakery Products Market by Country, 2019 - 2022, Tonnes
TABLE 24Asia Pacific Bakery Products Market by Country, 2023 - 2030, Tonnes
TABLE 25Asia Pacific Confectionery Products Market by Country, 2019 - 2022, USD Million
TABLE 26Asia Pacific Confectionery Products Market by Country, 2023 - 2030, USD Million
TABLE 27Asia Pacific Confectionery Products Market by Country, 2019 - 2022, Tonnes
TABLE 28Asia Pacific Confectionery Products Market by Country, 2023 - 2030, Tonnes
TABLE 29Asia Pacific Snacks & Savory Products Market by Country, 2019 - 2022, USD Million
TABLE 30Asia Pacific Snacks & Savory Products Market by Country, 2023 - 2030, USD Million
TABLE 31Asia Pacific Snacks & Savory Products Market by Country, 2019 - 2022, Tonnes
TABLE 32Asia Pacific Snacks & Savory Products Market by Country, 2023 - 2030, Tonnes
TABLE 33Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
TABLE 36Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
TABLE 37Asia Pacific Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 38Asia Pacific Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 39Asia Pacific Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 40Asia Pacific Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 41Asia Pacific Indirect Sales Market by Country, 2019 - 2022, USD Million
TABLE 42Asia Pacific Indirect Sales Market by Country, 2023 - 2030, USD Million
TABLE 43Asia Pacific Indirect Sales Market by Country, 2019 - 2022, Tonnes
TABLE 44Asia Pacific Indirect Sales Market by Country, 2023 - 2030, Tonnes
TABLE 45Asia Pacific Direct Sales Market by Country, 2019 - 2022, USD Million
TABLE 46Asia Pacific Direct Sales Market by Country, 2023 - 2030, USD Million
TABLE 47Asia Pacific Direct Sales Market by Country, 2019 - 2022, Tonnes
TABLE 48Asia Pacific Direct Sales Market by Country, 2023 - 2030, Tonnes
TABLE 49Asia Pacific Shortening Market by Country, 2019 - 2022, USD Million
TABLE 50Asia Pacific Shortening Market by Country, 2023 - 2030, USD Million
TABLE 51Asia Pacific Shortening Market by Country, 2019 - 2022, Tonnes
TABLE 52Asia Pacific Shortening Market by Country, 2023 - 2030, Tonnes
TABLE 53China Shortening Market, 2019 - 2022, USD Million
TABLE 54China Shortening Market, 2023 - 2030, USD Million
TABLE 55China Shortening Market, 2019 - 2022, Tonnes
TABLE 56China Shortening Market, 2023 - 2030, Tonnes
TABLE 57China Shortening Market by Source, 2019 - 2022, USD Million
TABLE 58China Shortening Market by Source, 2023 - 2030, USD Million
TABLE 59China Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 60China Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 61China Shortening Market by Application, 2019 - 2022, USD Million
TABLE 62China Shortening Market by Application, 2023 - 2030, USD Million
TABLE 63China Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 64China Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 65China Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 66China Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 67China Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 68China Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 69Japan Shortening Market, 2019 - 2022, USD Million
TABLE 70Japan Shortening Market, 2023 - 2030, USD Million
TABLE 71Japan Shortening Market, 2019 - 2022, Tonnes
TABLE 72Japan Shortening Market, 2023 - 2030, Tonnes
TABLE 73Japan Shortening Market by Source, 2019 - 2022, USD Million
TABLE 74Japan Shortening Market by Source, 2023 - 2030, USD Million
TABLE 75Japan Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 76Japan Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 77Japan Shortening Market by Application, 2019 - 2022, USD Million
TABLE 78Japan Shortening Market by Application, 2023 - 2030, USD Million
TABLE 79Japan Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 80Japan Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 81Japan Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 82Japan Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 83Japan Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 84Japan Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 85India Shortening Market, 2019 - 2022, USD Million
TABLE 86India Shortening Market, 2023 - 2030, USD Million
TABLE 87India Shortening Market, 2019 - 2022, Tonnes
TABLE 88India Shortening Market, 2023 - 2030, Tonnes
TABLE 89India Shortening Market by Source, 2019 - 2022, USD Million
TABLE 90India Shortening Market by Source, 2023 - 2030, USD Million
TABLE 91India Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 92India Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 93India Shortening Market by Application, 2019 - 2022, USD Million
TABLE 94India Shortening Market by Application, 2023 - 2030, USD Million
TABLE 95India Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 96India Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 97India Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 98India Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 99India Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 100India Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 101South Korea Shortening Market, 2019 - 2022, USD Million
TABLE 102South Korea Shortening Market, 2023 - 2030, USD Million
TABLE 103South Korea Shortening Market, 2019 - 2022, Tonnes
TABLE 104South Korea Shortening Market, 2023 - 2030, Tonnes
TABLE 105South Korea Shortening Market by Source, 2019 - 2022, USD Million
TABLE 106South Korea Shortening Market by Source, 2023 - 2030, USD Million
TABLE 107South Korea Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 108South Korea Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 109South Korea Shortening Market by Application, 2019 - 2022, USD Million
TABLE 110South Korea Shortening Market by Application, 2023 - 2030, USD Million
TABLE 111South Korea Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 112South Korea Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 113South Korea Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 114South Korea Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 115South Korea Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 116South Korea Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 117Australia Shortening Market, 2019 - 2022, USD Million
TABLE 118Australia Shortening Market, 2023 - 2030, USD Million
TABLE 119Australia Shortening Market, 2019 - 2022, Tonnes
TABLE 120Australia Shortening Market, 2023 - 2030, Tonnes
TABLE 121Australia Shortening Market by Source, 2019 - 2022, USD Million
TABLE 122Australia Shortening Market by Source, 2023 - 2030, USD Million
TABLE 123Australia Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 124Australia Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 125Australia Shortening Market by Application, 2019 - 2022, USD Million
TABLE 126Australia Shortening Market by Application, 2023 - 2030, USD Million
TABLE 127Australia Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 128Australia Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 129Australia Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 130Australia Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 131Australia Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 132Australia Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 133Malaysia Shortening Market, 2019 - 2022, USD Million
TABLE 134Malaysia Shortening Market, 2023 - 2030, USD Million
TABLE 135Malaysia Shortening Market, 2019 - 2022, Tonnes
TABLE 136Malaysia Shortening Market, 2023 - 2030, Tonnes
TABLE 137Malaysia Shortening Market by Source, 2019 - 2022, USD Million
TABLE 138Malaysia Shortening Market by Source, 2023 - 2030, USD Million
TABLE 139Malaysia Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 140Malaysia Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 141Malaysia Shortening Market by Application, 2019 - 2022, USD Million
TABLE 142Malaysia Shortening Market by Application, 2023 - 2030, USD Million
TABLE 143Malaysia Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 144Malaysia Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 145Malaysia Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 146Malaysia Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 147Malaysia Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 148Malaysia Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 149Rest of Asia Pacific Shortening Market, 2019 - 2022, USD Million
TABLE 150Rest of Asia Pacific Shortening Market, 2023 - 2030, USD Million
TABLE 151Rest of Asia Pacific Shortening Market, 2019 - 2022, Tonnes
TABLE 152Rest of Asia Pacific Shortening Market, 2023 - 2030, Tonnes
TABLE 153Rest of Asia Pacific Shortening Market by Source, 2019 - 2022, USD Million
TABLE 154Rest of Asia Pacific Shortening Market by Source, 2023 - 2030, USD Million
TABLE 155Rest of Asia Pacific Shortening Market by Source, 2019 - 2022, Tonnes
TABLE 156Rest of Asia Pacific Shortening Market by Source, 2023 - 2030, Tonnes
TABLE 157Rest of Asia Pacific Shortening Market by Application, 2019 - 2022, USD Million
TABLE 158Rest of Asia Pacific Shortening Market by Application, 2023 - 2030, USD Million
TABLE 159Rest of Asia Pacific Shortening Market by Application, 2019 - 2022, Tonnes
TABLE 160Rest of Asia Pacific Shortening Market by Application, 2023 - 2030, Tonnes
TABLE 161Rest of Asia Pacific Shortening Market by Sales Channel, 2019 - 2022, USD Million
TABLE 162Rest of Asia Pacific Shortening Market by Sales Channel, 2023 - 2030, USD Million
TABLE 163Rest of Asia Pacific Shortening Market by Sales Channel, 2019 - 2022, Tonnes
TABLE 164Rest of Asia Pacific Shortening Market by Sales Channel, 2023 - 2030, Tonnes
TABLE 165Key Information - Cargill, Incorporated
TABLE 166Key Information - Wilmar International Limited
TABLE 167Key Information - Bunge Limited
TABLE 168Key Information - Associated British Foods PLC
TABLE 169Key Information - The J.M Smucker Company
TABLE 170Key Information - Premium Vegetable Oils Sdn Bhd
TABLE 171Key Information - Ventura Foods, LLC
TABLE 172Key Information - Namchow Holdings Co., Ltd.
TABLE 173Key Information - Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
TABLE 174Key Information - AAK AB

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