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Vegetable Shortening Market Share
In the vegetable shortening industry, Nirmala Avijaya Group and CALOFIC are key players known for their strong regional presence and extensive product portfolios. Spectrum Naturals emphasizes organic and non-GMO options, aligning with the growing consumer demand for clean-label products. Ventura Foods and Stratas Foods offer a wide range of industrial and foodservice solutions, leveraging advanced manufacturing technologies to meet diverse customer needs. B&G Foods, Inc. combines innovation with a broad distribution network, enhancing market reach and product availability.
Bunge stands out for its global footprint and robust supply chain, supporting its position as a major supplier of vegetable oils and shortenings. These companies compete through product innovation, quality assurance, and responsiveness to market trends, such as health-conscious and sustainable ingredient preferences, shaping the competitive landscape and driving growth in the vegetable shortening sector.
Vegetable Shortening Market Companies
Top companies operating in the vegetable shortening industry include:
- NIRMALA AVIJAYA GROUP
- Spectrum Naturals
- CALOFIC
- Ventura Foods
- B&G Foods, Inc.
- Stratas Foods
- Bunge
- GOLDEN HOPE - NHA BE EDIBLE OILS CO., LTD
- Cargill
- Wilmar International Ltd
- Manildra Group
How much is the vegetable shortening market worth?
The market size of vegetable shortening achieved USD 5.1 billion in 2023 and will grow at 3.7% CAGR from 2024 to 2032, due to its primary applications in baking, frying, confectionery, and snacks.
What is the value of North America vegetable shortening industry?
North America market will record a 3.5% CAGR through 2032, due to its well-established food processing industry, high demand for convenience foods, and significant consumer base favoring baked goods and fried foods.
Who are the major vegetable shortening market participants?
NIRMALA AVIJAYA GROUP, Spectrum Naturals, CALOFIC, Ventura Foods, B&G Foods, Inc., Stratas Foods, Bunge, GOLDEN HOPE - NHA BE EDIBLE OILS CO., LTD, Cargill, and Wilmar International Ltd.
Why is the use of vegetable shortening rising in baking?
The baking application segment will expand to USD 3.18 billion by 2032, driven by its essential role in achieving desired textures and qualities in various baked goods.