Global Shortenings report from Global Insight Services is the single authoritative source of intelligence on Shortenings market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Shortenings are solid fats that are used in baking to create a tender, flaky texture in pies, pastries, and other baked goods. Unlike butter, which is a dairy product, shortenings are made from vegetable oils that have been hydrogenated to solidify them. This process also gives shortenings a longer shelf life than butter.
While butter is the traditional fat used in baking, shortenings can be a good alternative for those who are looking for a dairy-free option. Shortenings can also be helpful for creating a light, flaky texture in baked goods. When using shortenings, it is important to keep in mind that they will make the end product less healthy than if butter were used.
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Market Segments
The shortening market report is bifurcated on the basis of source, application, distribution channel, and region. On the basis of source, it is segmented into palm oil, soybeans oil, sunflower seed oil, and others. Based on application, it is analyzed across HoReCa, bakery, confectionary, and others. By distribution channel, it is categorized into business to business and business to consumers. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Player
The shortening market report includes players such as Cargill Incorporated, Mallet & Company, Inc., Lonza Group AG, Bunge Limited, ADM, Palsgaard, RIKEN VITAMIN Co. Ltd., Natu’oil Services Inc., Roberts Manufacturing Co. Limited, and Agarwal Industries Pvt. Ltd.
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Key Drivers
There are a number of key drivers of the shortening market. One of the most important is the price of crude oil, as this is a major input into the production of shortening. Other important drivers include the prices of other fats and oils, global economic conditions, and government policies.
Crude oil prices have a significant impact on the shortening market as they are a major input into the production of shortening. When crude oil prices increase, the cost of production for shortening also increases, which can lead to higher prices for shortening.
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