The global industrial margarine market accounted for US$ 2480.0 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account for US$ 3330.4 Mn by 2027.
The North American region accounted for the largest share in the global industrial margarine market. The companies are continuously enhancing the overall business processes to meet the customers’ demands in the best possible way. Several domestic and international companies have a strong foothold in the North American region. In the North America region, the US is the dominating market for industrial margarine. The increasing number of new modified margarine product launches by margarine manufacturers such as low-fat or fat-free spreads and fortified margarine with milk containing vitamin D act as catalysts for the growth in demand for industrial margarine. Major market players present in the North America industrial margarine market, includes Associated British Foods, Bunge Limited, and Conagra Foodservice, Inc., among others.
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- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Richardson International Limited
- Wilmar International Ltd
Extensive application of industrial margarine in bakery, foodservice and food processing industries provides an opportunity for the industrial margarine market growth:
Industrial margarine is widely used in making bakery items and other food processing industries. It is used in puff pastries, croissants, cakes, bread, chocolate, sweet rolls, cookies, and biscuits. Since cost of margarine and fat content is lower as compared to butter, it is preferred by most bakers, food processors, and foodservice providers like hotels, restaurants, and cafes (HORECA). The growing consumption of industrial margarine by fast food chains and bakeries is fostering the growth of the global industrial margarine market. Manufacturers in the bakery industry are using industrial margarine on a large scale to increase the sales by offering low-fat and low-calorie baked products while targeting health-conscious consumers. In HORECA, margarine is used as spreads, toppings for dishes like pizza, pasta, and burger, stir-fried vegetables, and many more. Industrial Margarine is quite popular among the consumers of Italy, Spain, Russia, The UK, and The US.
GLOBAL INDUSTRIAL MARGARINE MARKET SEGMENTATION
- Spreads Sauces and Toppings
- Convenience Food
- Spreadable Margarine
- All-Purpose Industrial Margarine
- Butter Blend
- Animal Source
- Plant Source
- Hard Industrial Margarine
- Soft Industrial Margarine
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Industrial Margarine Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Industrial Margarine Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Major Features of Industrial Margarine Market Report:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Industrial Margarine market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global Industrial Margarine market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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