New York, NY -- (SBWIRE) -- 11/02/2020 -- The global Shortenings Market is expected to attain a valuation of USD 6.1 Billion by 2027, registering a steady CAGR of 4.5%. The growing technological developments and research advancements are contributing to the expansion of the market, according to the latest report published by Reports and Data. The report offers significant insight into key elements of the market, such as drivers, restraints, challenges, strategic expansions, market size and share, growth prospects, threats.

Shortenings Market Size – USD 4.0 Billion in 2019, Market Growth - CAGR of 4.5%, Market Trends – Demand for Low-Calorie Products from Consumers is a major opportunity for the market players.

The report also sheds light on the factors influencing the growth of the market, particularly the ongoing COVID-19 pandemic. The report discusses in detail the extensive impact of the COVID-19 pandemic on the supply chain, demands, trends, and overall dynamics of the Shortenings market. It also offers a futuristic growth outlook of the Shortenings market in a post-COVID-19 scenario.

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The Shortenings Market Report Offers:
Deep insights into the Shortenings market landscape
Key details about the regional segmentation of the Shortenings market
Analysis of the crucial market trends with regards to both current and emerging trends
Comprehensive impact analysis of COVID-19 pandemic on the Shortenings industry
Extensive overview of the key manufacturers and prominent players of the industry
Comprehensive study of the market segmentation and recent developments

Key Players Profiled in the Report are:
Archer Daniels Midland Company (U.S.), Cargill (U.S.), AAK AB (Sweden), Wilmar International Limited (Singapore), and Bunge Limited (U.S.). Other players in this segment include Manildra Group (Australia), Associated British Foods (U.K.), Ventura Foods, LLC (U.S.), ConAgra Brands (U.S.).

Market Drivers:
The constant efforts of the prominent players to develop innovative products and technologies are driving the growth of the industry. Additionally, the market is witnessing numerous strategic collaborations and initiatives that are expanding the scope of the market. The report discusses in detail the factors and elements of the Shortenings market that are positively influencing the growth of the market.

Regional Analysis:
The report offers clear insights into the regional bifurcation of the market with regards to the regions where the market has already established its prominence. Furthermore, it analyzes the key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and the presence of prominent players in each region. The regional analysis segments also offer a country-wise analysis to offer a panoramic view of the market.

For the purpose of this report, the market has been segmented on the basis of security type, deployment type, component, organization size, industry vertical, and region.

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Based on Key Ingredient, the market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Oil
Butter
Tallow
Lard
Others

Based on Source, the market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Vegetable
Animal

Based on Variant, the market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Solid
Liquid
Cake/Icing
All-purpose
Others

Based on Application, the market has been segmented as follows: (Revenue, USD Million; 2020-2027)
Bakery products
Confectionery products
Snacks & savory products
Others

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The regional analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Landscape:
The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter's Five Forces analysis.

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