Industrial Margarine Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Growing demand for packaged food, escalating demand for low-fat dairy products, and rising consumption of chocolates are contributing to the growing market for industrial margarine. Moreover, growing awareness about the health and wellness food items among consumers is also adding pace to the growing market for industrial margarine. In a survey, 79% of the respondents said they believe that wellness is important, and 42% consider it a top priority. So, the increasing awareness about a healthy diet is leading to the growth of the market.
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Moreover, a growing attentiveness to the paybacks of vegetarian and vegan diets is expected to boost the industrial margarine demand in the forthcoming years. The changing preferences for plant-based foods in recent years have been a contributing factor to the growth of the global industrial margarine market. The key companies are focused on launching innovative plant-based margarine in the market to fulfill the growing consumer demands.

According to UnivDatos Market Insights (UMI)’ research report “Global Industrial Margarine Market Analysis, 2020”, The global population is aging rapidly. It is expected that the number of people aged 65 or above will double by 2050. This segment of population growth will contribute to major changes in food consumption, with a focus on healthier alternatives. Alongside end customers, many food manufacturers are also looking into using more margarine as an affordable, sustainable and healthier ingredient. Bakeries and confectionery producers find this butter replacement a superior alternative to meet their customers’ desire for products based on ingredients with such properties.

Moreover, young or old people today want to lead healthier lifestyles. This means low-fat, low-cholesterol, and low-calorie foods are preferred by these health-conscious consumers. Moreover, the health benefits of vegan and vegetarian diets are also driving the demand for vegetable-based foods. Plant-based, low-cholesterol margarine is the answer for those who care a lot about their health and have the spending power to make this consumer choice.
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 Based on the type, the all-purpose segment acquired the XX% market share and gathered USD XX Mn market in 2020. Growing per-capita consumption of ready-to-eat products has stimulated the demand for various baked goods such as hot dogs, buns, fish buns, and cakes which should promote market growth. However, the butter blend segment would grab considerable growth in the forthcoming years owing to its growing adoption as a cheaper, low-cholesterol butter substitute.

Based on the application, the bakery segment grabbed XX% market share and dominated the market in 2020. The industrial margarine is often neutral or mildly flavored so that its regular taste does not overshadow the flavor of the product. Margarine also helps to add volume, texture, and grain to bakery products and is thus considered by the industries for providing ideal properties to the products.

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North America to Grab Lion’s Share, But Europe to witness Explicit Growth

Based on the Region, the North America region dominated the global Industrial Margarine market in 2020. , surging awareness about nutrient insufficiency due to improper food consumption, an emerging number of malnutrition suffered people, etc. is also leading to the growing market. Nearly 10% of the U.S. population has nutrition deficiencies. 10.5% population has Vitamin B6 deficiency, while 8.1% have vitamin D deficiency, as revealed by the Centers for Disease Control and Prevention. However, Europe would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Industrial Margarine Market Analysis, 2020”.

 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Industrial Margarine Market are Wilmar International, Congara, Bunge, Puratos, Associated British Foods, Fuji Oil, Richardson International, Royale Lacroix , Aigremont, EFCO Group, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Industrial Margarine Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Industrial Margarine Market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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 Market Segmentation:

1.      By Type (Spreadable, All-Purpose, Butter Blend)

2.      By Application (Bakery, Confectionery, Convenience Food, Spreads- Sauces & Toppings, Others)

3.      By Form (Hard, Soft)

4.      By Source (Plants, Animals)

5.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.      By Company (Wilmar International, Congara, Bunge, Puratos, Associated British Foods, Fuji Oil, Richardson International, Royale Lacroix , Aigremont, EFCO Group )

Key questions answered in the study:

1.      What are the current and future trends of the global Industrial Margarine market industry?

2.      How the industry has been evolving in terms of end-user demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Industrial Margarine market industry?

5.      What are the customer orientation, purchase behavior, and expectations from the Industrial Margarine market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL INDUSTRIAL MARGARINE COVID-19 IMPACT

6 GLOBAL INDUSTRIAL MARGARINE REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY FORM

10 MARKET INSIGHTS BY SOURCE

11 MARKET INSIGHTS BY REGION

12 INDUSTRIAL MARGARINE DYNAMICS

13 INDUSTRIAL MARGARINE OPPORTUNITIES

14 INDUSTRIAL MARGARINE TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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