Shortenings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source, By Key Ingredient, By Application, By Variant By Region, By Competition, 2020-2030F

Description

The Global Shortenings Market, valued at USD 4.87 Billion in 2024, is projected to grow at a CAGR of 4.19% to reach USD 6.23 Billion by 2030. Shortening is a solid fat commonly used in baking to create crumbly textures by inhibiting gluten formation, derived from sources such as hydrogenated vegetable oils and animal fats like lard. Market growth is primarily driven by the expansion of the food processing and bakery industries, along with rising consumer demand for convenience foods and processed snacks. Technological advancements in healthier shortening formulations, including trans-fat-free alternatives, also support market development.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 4.87 Billion
Market Size 2030	USD 6.23 Billion
CAGR 2025-2030	4.19%
Fastest Growing Segment	All-Purpose Shortening
Largest Market	North America

Key Market Drivers

The increasing demand for processed and convenience foods is a major catalyst for the global shortenings market. Fast-paced lifestyles and on-the-go consumption trends have elevated the need for food products that offer quick preparation and longer shelf life. Shortenings play a vital role in these items by providing essential textural qualities, mouthfeel, and product stability in applications such as packaged snacks, ready meals, and premade doughs. According to the NACS 2023 State of the Industry Report, prepared foods in convenience stores saw a 12.2 percent year-over-year increase, illustrating strong reliance on shortening-based formulations. The expanding bakery and confectionery sectors further bolster market growth, as shortenings are essential for creating desired textures in pastries, cakes, and confectionery coatings. Continued innovation in flavors and formats within these industries drives demand for specialized shortening solutions. According to the National Confectioners Association's 2025 State of Treating report, U.S. confectionery sales surpassed $54 billion in 2024. Additionally, raw materials continue to show strong global activity; the USDA Foreign Agricultural Service reported global palm oil production reaching 77.05 billion metric tons in 2023.

Key Market Challenges

The fluctuating prices of raw materials, particularly vegetable oils, significantly impede the global shortenings market by creating unpredictable production costs. This volatility complicates forecasting and pricing strategies for manufacturers. When input costs rise, companies face reduced profitability if they absorb the increases or risk reduced demand if they adjust product prices. Such instability discourages investment in new capacity or innovation. For instance, the Malaysian Palm Oil Council reported that average crude palm oil prices rose by 9.7% to RM4,179.50 per tonne in 2024, up from RM3,809.50 in 2023. These substantial increases in a key ingredient directly elevate operational expenses and weaken competitive pricing, constraining market growth.

Key Market Trends

The shift toward trans-fat-free formulations is a major trend in the global shortenings market, driven by rising health consciousness and stricter regulations. Manufacturers are reformulating products to eliminate industrially produced trans fats. According to the World Health Organization's June 2024 report, 53 countries had implemented best-practice policies on industrial trans-fat elimination by the end of 2023, covering 46% of the global population. Industry leaders are responding; Cargill announced in May 2025 that its entire edible oils portfolio met WHO standards as of January 1, 2024. Innovations in fat structuring and emulsification technologies also shape the market, enabling improvements in plasticity, aeration, and mouthfeel while enhancing nutritional profiles. The American Oil Chemists' Society (AOCS) will spotlight these advancements at its 2025 Annual Meeting & Expo, emphasizing precise fat crystallization control. Partnerships reinforce this progress: in March 2023, Cargill and Cubiq Foods entered a co-development and commercialization agreement for Cubiq's advanced fat technologies to create healthier and higher-performing food formulations.

Key Market Players

Cargill Incorporated
Conagra Brands Inc.
Bunge Global SA
Wilmar International Limited
The Archer Daniels Midland Company
International Foodstuff Company Holdings Limited
Ventura Foods LLC
AAK AB
Manildra Group
Associated British Foods PLC

Report Scope:

In this report, the Global Shortenings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Shortenings Market, By Source:

Vegetable Shortenings
Animal Shortenings

Shortenings Market, By Key Ingredient:

Oil
Lard
Tallow
Butter
Others

Shortenings Market, By Application:

Bakery Products
Confectionery Products
Snacks & Savory Products
Others

Shortenings Market, By Variant:

Liquid Shortening
Solid Shortening
All-Purpose Shortening
Cake/Icing Shortening
Others

Shortenings Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Shortenings Market.

Available Customizations:

Global Shortenings Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Shortenings Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Source (Vegetable Shortenings, Animal Shortenings)
- 5.2.2. By Key Ingredient (Oil, Lard, Tallow, Butter, Others)
- 5.2.3. By Application (Bakery Products, Confectionery Products, Snacks & Savory Products, Others)
- 5.2.4. By Variant (Liquid Shortening, Solid Shortening, All-Purpose Shortening, Cake/Icing Shortening, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2024)
5.3. Market Map

6. North America Shortenings Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Source
- 6.2.2. By Key Ingredient
- 6.2.3. By Application
- 6.2.4. By Variant
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Shortenings Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Source
    - 6.3.1.2.2. By Key Ingredient
    - 6.3.1.2.3. By Application
    - 6.3.1.2.4. By Variant
- 6.3.2. Canada Shortenings Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Source
    - 6.3.2.2.2. By Key Ingredient
    - 6.3.2.2.3. By Application
    - 6.3.2.2.4. By Variant
- 6.3.3. Mexico Shortenings Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Source
    - 6.3.3.2.2. By Key Ingredient
    - 6.3.3.2.3. By Application
    - 6.3.3.2.4. By Variant

7. Europe Shortenings Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Source
- 7.2.2. By Key Ingredient
- 7.2.3. By Application
- 7.2.4. By Variant
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Shortenings Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Source
    - 7.3.1.2.2. By Key Ingredient
    - 7.3.1.2.3. By Application
    - 7.3.1.2.4. By Variant
- 7.3.2. France Shortenings Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Source
    - 7.3.2.2.2. By Key Ingredient
    - 7.3.2.2.3. By Application
    - 7.3.2.2.4. By Variant
- 7.3.3. United Kingdom Shortenings Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Source
    - 7.3.3.2.2. By Key Ingredient
    - 7.3.3.2.3. By Application
    - 7.3.3.2.4. By Variant
- 7.3.4. Italy Shortenings Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Source
    - 7.3.4.2.2. By Key Ingredient
    - 7.3.4.2.3. By Application
    - 7.3.4.2.4. By Variant
- 7.3.5. Spain Shortenings Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Source
    - 7.3.5.2.2. By Key Ingredient
    - 7.3.5.2.3. By Application
    - 7.3.5.2.4. By Variant

8. Asia Pacific Shortenings Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Source
- 8.2.2. By Key Ingredient
- 8.2.3. By Application
- 8.2.4. By Variant
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Shortenings Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Source
    - 8.3.1.2.2. By Key Ingredient
    - 8.3.1.2.3. By Application
    - 8.3.1.2.4. By Variant
- 8.3.2. India Shortenings Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Source
    - 8.3.2.2.2. By Key Ingredient
    - 8.3.2.2.3. By Application
    - 8.3.2.2.4. By Variant
- 8.3.3. Japan Shortenings Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Source
    - 8.3.3.2.2. By Key Ingredient
    - 8.3.3.2.3. By Application
    - 8.3.3.2.4. By Variant
- 8.3.4. South Korea Shortenings Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Source
    - 8.3.4.2.2. By Key Ingredient
    - 8.3.4.2.3. By Application
    - 8.3.4.2.4. By Variant
- 8.3.5. Australia Shortenings Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Source
    - 8.3.5.2.2. By Key Ingredient
    - 8.3.5.2.3. By Application
    - 8.3.5.2.4. By Variant

9. Middle East & Africa Shortenings Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Source
- 9.2.2. By Key Ingredient
- 9.2.3. By Application
- 9.2.4. By Variant
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Shortenings Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Source
    - 9.3.1.2.2. By Key Ingredient
    - 9.3.1.2.3. By Application
    - 9.3.1.2.4. By Variant
- 9.3.2. UAE Shortenings Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Source
    - 9.3.2.2.2. By Key Ingredient
    - 9.3.2.2.3. By Application
    - 9.3.2.2.4. By Variant
- 9.3.3. South Africa Shortenings Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Source
    - 9.3.3.2.2. By Key Ingredient
    - 9.3.3.2.3. By Application
    - 9.3.3.2.4. By Variant

10. South America Shortenings Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Source
- 10.2.2. By Key Ingredient
- 10.2.3. By Application
- 10.2.4. By Variant
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Shortenings Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Source
    - 10.3.1.2.2. By Key Ingredient
    - 10.3.1.2.3. By Application
    - 10.3.1.2.4. By Variant
- 10.3.2. Colombia Shortenings Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Source
    - 10.3.2.2.2. By Key Ingredient
    - 10.3.2.2.3. By Application
    - 10.3.2.2.4. By Variant
- 10.3.3. Argentina Shortenings Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Source
    - 10.3.3.2.2. By Key Ingredient
    - 10.3.3.2.3. By Application
    - 10.3.3.2.4. By Variant

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Shortenings Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Cargill Incorporated
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Conagra Brands Inc.
15.3. Bunge Global SA
15.4. Wilmar International Limited
15.5. The Archer Daniels Midland Company
15.6. International Foodstuff Company Holdings Limited
15.7. Ventura Foods LLC
15.8. AAK AB
15.9. Manildra Group
15.10. Associated British Foods PLC