Latin America Shortenings Market was worth USD 0.45 billion in 2021 and estimated to be growing at a CAGR of 4.78%, to reach USD 0.57 billion by 2027
Shortening can be defined as fats which are solid at room temperature. They are normally used in making pastries and other foods. Shortening is utilized in pastries which should not be elastic, like cake. Though butter is solid at room temperatures and frequently used in pastry making, the word "shortening" rarely refers to butter, but to margarine.Originally shortening referred to lard, but the discovery of margarine included it as well to the term. The water content in them is less, hence they can be fried easily without the fear of splattering. As shortenings need not be refrigerated and cheap to produce, they gained popularity in the recent times as food production became increasingly industrialized.The Latin America Shortenings market is driven by factors like their favourable functioning properties, rising convenience food sector, increasing usage of shortenings in bakery and confectionary foods among others. However, the market is constrained by factors like the risk of adverse health effects from it.
on the basis of source
vegetable
animal segments
Based on variant,
cake/icing
solid
liquid
Based on application
confectionary products
bakery products
snacks
savoury products
By key ingredient
butter
oil
tallow
lard
Latin America Shortenings Market Regional Analysis
Brazil
Argentina
Chile
Peru
Cargill
Bunge Limited
Conagra Brands
Wilmar International Limited
Archer Daniels Midland Company
International Foodstuff Company Holdings Limited (IFFCO)
Ventura Foods, LLC
Manildra Group
AAK AB
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