Frying Shortening Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0195412
  • Format: Electronic (PDF)
  • Number of Pages: 210
  • Author(s): Joshi, Madhavi

Report Overview

The Frying Shortening Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Frying Shortening Market

(Market Size)
$8.5 billion
$18 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 8.5 billion
2030 Market Size USD 18 billion
Key Players Cargill, ADM, Bunge, AAK, IOI Loders Croklaan

Market Summary

The frying shortening market is a specialized segment within the global food and beverage industry, primarily focused on fats and oils used for frying applications across various foodservice and food processing sectors. Frying shortenings are formulated to withstand high temperatures, offering extended fry life, improved stability, and enhanced flavor profiles for fried foods. These products are essential for producing items like french fries, fried chicken, doughnuts, and snack foods, providing the desired texture, crispness, and mouthfeel. The market is characterized by a diverse range of products, including vegetable-based, animal-based, and specialty shortenings, each catering to specific culinary and industrial needs. Key factors influencing the market include evolving consumer preferences, technological advancements in oil processing, and the growing demand for convenience and fried foods worldwide. Manufacturers continuously innovate to develop products that meet health and nutritional guidelines while maintaining performance attributes. The competitive landscape is dynamic, with both global players and regional manufacturers striving to capture market share through product differentiation, strategic partnerships, and expansion into emerging markets. Sustainability and traceability have also become significant considerations, influencing sourcing and production practices across the industry.

Key Highlights

The frying shortening market is distinguished by several critical aspects that underscore its importance and trajectory. A prominent highlight is the ongoing innovation in product formulation, where manufacturers are developing trans-fat-free and low-saturated-fat options to align with global health recommendations and regulatory standards without compromising on frying performance or food quality. Another significant aspect is the robust demand from the fast-food and quick-service restaurant sector, which relies heavily on consistent and high-quality frying mediums to maintain product uniformity and customer satisfaction. The market also benefits from the expansion of the food processing industry, where frying shortenings are integral to the production of a vast array of packaged and ready-to-eat foods. Additionally, there is a growing emphasis on sustainability, with companies investing in responsible sourcing of raw materials such as palm, soybean, and canola oil, and adopting environmentally friendly production processes. The versatility of applications, ranging from industrial food manufacturing to artisanal bakery and culinary arts, further highlights the market's broad reach and adaptability to diverse consumer and business needs.

Drivers, Opportunities & Restraints

The growth of the frying shortening market is propelled by several key drivers, including the rising global consumption of fried and processed foods, particularly in emerging economies where changing lifestyles and increasing disposable incomes are expanding the foodservice sector. The versatility and functional benefits of frying shortenings, such as extended shelf life and enhanced flavor delivery, make them indispensable in both commercial and industrial kitchens. Furthermore, technological advancements in hydrogenation and interesterification processes have enabled the production of more stable and healthier oil variants, addressing consumer concerns about trans fats and cardiovascular health. Significant opportunities lie in the development of customized and application-specific shortenings that cater to niche markets, such as gluten-free or organic food production, and in the untapped potential of regions like Asia-Pacific and Latin America. However, the market faces restraints including fluctuating prices of raw materials like vegetable oils, which can impact production costs and profit margins. Stringent food safety regulations and labeling requirements across different countries also pose challenges, necessitating continuous compliance efforts. Additionally, the growing consumer shift towards healthier eating habits and alternative cooking methods may temper growth in certain segments, urging manufacturers to innovate and diversify their product portfolios.

Concentration Insights

The competitive concentration in the frying shortening market features a mix of large multinational corporations, regional players, and specialized manufacturers, creating a moderately consolidated landscape. Leading companies such as Cargill, Incorporated, Archer-Daniels-Midland Company, Bunge Limited, Wilmar International Limited, and AAK AB hold significant market shares due to their extensive product portfolios, global distribution networks, and strong research and development capabilities. These industry giants often engage in strategic activities like mergers, acquisitions, and partnerships to strengthen their market position and expand their geographic footprint. For instance, acquisitions of regional oil processors or collaborations with foodservice chains are common tactics to enhance market penetration. Alongside these global players, numerous regional and local manufacturers compete by offering tailored products that meet specific cultural preferences or price points, particularly in emerging markets. The concentration is also influenced by vertical integration, where companies control everything from raw material sourcing to end-product manufacturing, ensuring supply chain efficiency and cost competitiveness. This dynamic environment encourages continuous innovation and competitive pricing, benefiting end-users across the food industry spectrum.

Type Insights

Frying shortenings are categorized into various types based on their source and processing methods, each offering distinct characteristics and suitability for different applications. The primary types include vegetable-based shortenings, animal-based shortenings, and specialty or blended shortenings. Vegetable-based shortenings, derived from oils such as soybean, palm, canola, and sunflower, dominate the market due to their versatility, neutral flavor, and widespread availability. Palm oil-based shortenings are particularly valued for their high stability and solid fat content, making them ideal for high-temperature frying and providing a crispy texture to foods. Animal-based shortenings, traditionally made from lard or tallow, are appreciated for their unique flavor profile, especially in certain regional cuisines and bakery products, though their market share has been affected by health and dietary preferences. Specialty shortenings include products engineered for specific needs, such as non-hydrogenated options, high-oleic variants for extended fry life, and organically certified oils catering to the health-conscious segment. Blended shortenings combine different oil types to achieve desired functional properties like melting point, smoke point, and nutritional profile, offering customized solutions for industrial food processors and foodservice operators seeking optimal performance and cost-efficiency.

Application Insights

The application of frying shortenings spans a broad spectrum within the food industry, primarily segmented into foodservice, food processing, and household use, with the first two categories accounting for the majority of consumption. In the foodservice sector, which includes restaurants, fast-food chains, hotels, and catering services, frying shortenings are essential for preparing a wide array of menu items such as fried poultry, seafood, potatoes, and pastries. The demand here is driven by the need for consistency, flavor neutrality, and high stability to ensure product quality and operational efficiency during continuous frying operations. Within food processing, frying shortenings are critical ingredients in the manufacturing of snack foods like potato chips and extruded snacks, ready-to-eat meals, frozen foods, and bakery products, where they contribute to texture, shelf stability, and taste. Industrial applications often require tailor-made shortenings that can withstand specific processing conditions and comply with stringent food safety standards. Although household use represents a smaller segment, it includes consumers purchasing frying shortenings for home cooking and baking, influenced by brand loyalty, health attributes, and convenience. The diversity in applications necessitates that manufacturers offer a range of products with varying smoke points, melt profiles, and nutritional contents to meet the precise requirements of each end-use sector.

Regional Insights

The frying shortening market exhibits distinct regional dynamics influenced by dietary habits, economic development, agricultural production, and regulatory frameworks. North America and Europe represent mature markets characterized by high consumption of processed and fried foods, stringent health regulations promoting trans-fat-free products, and a strong presence of major manufacturing companies. In these regions, consumer awareness about health and wellness drives demand for healthier shortening options, such as those high in monounsaturated fats or derived from non-GMO sources. The Asia-Pacific region is the fastest-growing market, fueled by rapidly expanding foodservice industries, urbanization, rising disposable incomes, and the growing popularity of Western-style fried foods in countries like China, India, and Indonesia. This region also benefits from being a major producer of key raw materials like palm oil, particularly in Malaysia and Indonesia, which supports local manufacturing and export activities. Latin America and the Middle East and Africa are emerging markets with significant growth potential, driven by increasing urbanization, the proliferation of quick-service restaurants, and economic development. However, these regions also face challenges such as price sensitivity and infrastructure limitations. Overall, regional insights highlight opportunities for market expansion tailored to local tastes and economic conditions, with global players adapting strategies to capitalize on these diverse geographic potentials.

Company Insights

The frying shortening market is served by a roster of prominent companies that leverage their expertise in oil processing, extensive distribution networks, and innovation capabilities to maintain competitive advantages. Cargill, Incorporated is a key player, offering a wide range of frying shortenings under various brands, focusing on sustainability and customer-specific solutions through its global operations. Archer-Daniels-Midland Company (ADM) is another major participant, known for its comprehensive portfolio of food oils and shortenings, supported by strong research and development in oilseed processing and nutrition. Bunge Limited competes effectively with its integrated supply chain from farm to consumer, providing reliable and high-quality shortening products tailored for both foodservice and industrial applications. Wilmar International Limited, with its significant presence in Asia, is a dominant force in palm oil-based shortenings, capitalizing on its vertical integration and large-scale production facilities. AAK AB specializes in value-added vegetable oil solutions, offering customized frying shortenings that enhance food texture and stability, particularly for bakery and confectionery applications. Other notable companies include Ventura Foods, LLC, and Manildra Group, which focus on regional markets and niche segments. These companies invest heavily in innovation, sustainability initiatives, and strategic partnerships to enhance their product offerings and market reach, responding to evolving consumer demands and industry trends.

Recent Developments

Recent developments in the frying shortening market reflect the industry's response to health trends, sustainability concerns, and technological advancements. A significant trend is the accelerated shift towards non-hydrogenated and trans-fat-free products, driven by regulatory changes and consumer demand for healthier options. Companies are investing in research to develop shortenings using interesterification and other advanced processing techniques that eliminate trans fats while maintaining functional properties like stability and fry life. Sustainability has become a focal point, with leading players committing to deforestation-free supply chains, particularly for palm oil, and obtaining certifications such as RSPO (Roundtable on Sustainable Palm Oil) to enhance brand credibility and meet corporate social responsibility goals. Technological innovations include the creation of high-oleic oil variants, which offer extended fry life and reduced oil absorption, benefiting both economic and health aspects. Strategic expansions and acquisitions have also been prominent; for example, major companies have acquired regional firms to strengthen their presence in high-growth markets like Asia-Pacific and Latin America. Additionally, there is growing investment in digital marketing and e-commerce platforms to reach a broader customer base, including small-scale foodservice operators and home bakers, adapting to the increasing digitalization of business operations and consumer purchasing behavior.

Report Segmentation

This comprehensive market research report on the frying shortening market provides detailed segmentation to offer actionable insights for stakeholders. The report is segmented by type, which includes vegetable-based shortenings (further broken down into palm, soybean, canola, sunflower, and others), animal-based shortenings (such as lard and tallow), and specialty shortenings (including non-hydrogenated and blended variants). Application segmentation covers key end-use sectors: foodservice (encompassing restaurants, fast-food outlets, and catering), food processing (including snack foods, ready-to-eat meals, bakery, and confectionery), and household consumption. Geographic segmentation provides in-depth analysis across major regions: North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Latin America (Brazil, Argentina, Rest of Latin America), and Middle East & Africa. Each segment is analyzed in terms of market dynamics, trends, and growth potentials, supported by qualitative and quantitative assessments. The report also includes a competitive landscape section profiling key players, their market shares, strategies, and recent developments. This structured segmentation enables readers to identify specific opportunities and challenges within their areas of interest, facilitating informed decision-making for investment, product development, and market entry strategies.

FAQs

What is frying shortening made from? Frying shortening is typically made from vegetable oils such as palm, soybean, canola, or sunflower oil through processes like hydrogenation or interesterification to achieve a semi-solid consistency and high stability for frying applications. Animal-based shortenings like lard or tallow are also used in certain regional and traditional cuisines.

What is the difference between frying shortening and cooking oil? The primary difference lies in physical form and stability; frying shortening is often semi-solid at room temperature and designed for high-heat applications with longer fry life, while cooking oil is usually liquid and may have lower smoke points, making it suitable for various cooking methods but less ideal for prolonged frying.

Is frying shortening bad for you? Traditional hydrogenated frying shortenings contained trans fats, which are linked to health risks, but modern options are largely trans-fat-free and formulated with healthier fat profiles. Moderation is key, as they are still high in calories and saturated fats, though newer variants offer improved nutritional qualities.

What are some alternatives to traditional frying shortening? Alternatives include high-oleic sunflower or canola oils, which provide stability without hydrogenation, as well as avocado oil or peanut oil for their high smoke points. Non-hydrogenated shortenings and animal fat alternatives like lard are also used based on dietary preferences and application needs.

Which companies are the leading producers of frying shortening? Leading producers include global agribusiness giants such as Cargill, Incorporated, Archer-Daniels-Midland Company, Bunge Limited, Wilmar International Limited, and AAK AB, along with regional players like Ventura Foods, LLC, and Manildra Group, each offering a range of products for different market segments.

Citius Research has developed a research report titled “Frying Shortening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Frying Shortening Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Frying Shortening Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Frying Shortening Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Frying Shortening Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Frying Shortening Market
• Research Methodology
• Executive Summary
• Market Dynamics of Frying Shortening Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Frying Shortening Market
• Cost and Gross Margin Analysis of Frying Shortening Market
• Frying Shortening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Frying Shortening Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Frying Shortening Market Key Stakeholders

Below are the key stakeholders for the Frying Shortening Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Frying Shortening Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Frying Shortening Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Frying Shortening Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Frying Shortening Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Frying Shortening Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Frying Shortening Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Frying Shortening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Frying Shortening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Frying Shortening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Frying Shortening Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Frying Shortening Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Frying Shortening Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Frying Shortening Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Frying Shortening Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Frying Shortening Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Frying Shortening Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Frying Shortening Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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