North America Shortening Market Size, Share & Trends Analysis Report By Source, By Application (Bakery Products, Confectionery Products, Snacks & Savory Products, and Others), By Sales Channel (Indirect Sales, and Direct Sales). By Country and Growth Forecast, 2023 - 2030

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.

Free Valuable Insights: The Shortening Market is Predict to reach USD 5.8 Billion by 2030, at a CAGR of 3.9%

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

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. North America Shortening Market by Source
4.1 North America Vegetable Market by Country
4.2 North America Animal Market by Country

Chapter 5. North America Shortening Market by Application
5.1 North America Bakery Products Market by Country
5.2 North America Confectionery Products Market by Country
5.3 North America Snacks & Savory Products Market by Country
5.4 North America Others Market by Country

Chapter 6. North America Shortening Market by Sales Channel
6.1 North America Indirect Sales Market by Country
6.2 North America Direct Sales Market by Country

Chapter 7. North America Shortening Market by Country
7.1 US Shortening Market
7.1.1 US Shortening Market by Source
7.1.2 US Shortening Market by Application
7.1.3 US Shortening Market by Sales Channel
7.2 Canada Shortening Market
7.2.1 Canada Shortening Market by Source
7.2.2 Canada Shortening Market by Application
7.2.3 Canada Shortening Market by Sales Channel
7.3 Mexico Shortening Market
7.3.1 Mexico Shortening Market by Source
7.3.2 Mexico Shortening Market by Application
7.3.3 Mexico Shortening Market by Sales Channel
7.4 Rest of North America Shortening Market
7.4.1 Rest of North America Shortening Market by Source
7.4.2 Rest of North America Shortening Market by Application
7.4.3 Rest of North America Shortening Market by Sales Channel

Chapter 8. Company Profiles
8.1 Cargill, Incorporated
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Wilmar International Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 SWOT Analysis
8.3 Bunge Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Associated British Foods PLC (Wittington Investments Limited)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 The J.M Smucker Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Premium Vegetable Oils Sdn Bhd
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Ventura Foods, LLC
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Namchow Holdings Co., Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Fuji Oil Co., Ltd. (Fuji Oil Holdings Inc.)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 SWOT Analysis
8.10. AAK AB
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 SWOT Analysis

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

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Shortening Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Shortening Market
FIG 4 Porter’s Five Forces Analysis – shortening market
FIG 5 North America Shortening Market share by Source, 2022
FIG 6 North America Shortening Market share by Source, 2030
FIG 7 North America Shortening Market by Source, 2019 - 2030, USD Million
FIG 8 North America Shortening Market share by Application, 2022
FIG 9 North America Shortening Market share by Application, 2030
FIG 10 North America Shortening Market by Application, 2019 - 2030, USD Million
FIG 11 North America Shortening Market share by Sales Channel, 2022
FIG 12 North America Shortening Market share by Sales Channel, 2030
FIG 13 North America Shortening Market by Sales Channel, 2019 - 2030, USD Million
FIG 14 North America Shortening Market share by Country, 2022
FIG 15 North America Shortening Market share by Country, 2030
FIG 16 North America Shortening Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Cargill, Incorporated
FIG 18 SWOT Analysis: WILMAR INTERNATIONAL LIMITED
FIG 19 SWOT Analysis: Bunge Limited
FIG 20 Swot Analysis: Associated British Foods PLC
FIG 21 Swot Analysis: The J.M Smucker Company
FIG 22 Swot Analysis: Premium Vegetable Oils Sdn Bhd
FIG 23 Swot Analysis: Ventura Foods, LLC
FIG 24 Swot Analysis: Namchow Holdings Co., Ltd.
FIG 25 Swot Analysis: Fuji Oil Co., Ltd.
FIG 26 Swot Analysis: AAK AB