Household Margarine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030
Household Margarine: Market Outlook
Household Margarine is a processed food, designed to function as butter. Basically, margarine is processed to be a replacement of butter, with healthy properties that are good for the heart. As butter contains a high content of cholesterol, margarine contains a high level of polyunsaturated fats which are good for the heart and reduces any risk for disease.
Europe is the largest consumer base of household margarine owing to the high demand and consumption of processed food. Following Europe, North America and Asia-Pacific are the largest consumers of Household Margarine. Latin America is expected to have the highest growth rate in the forecasted period. China and India are the largest producers of Margarine, and these are also expected to have a steady growth rate for consumption.
The global household margarine market is growing and gaining market penetration as manufacturer partners with online retailers and distributors. Partnering with online suppliers reduces the cost of the product and also optimizes the supply value chain.
Changing Consumer Preferences to Boost the Market Growth
As Household margarine is considered a healthy alternative than butter, the consumer base globally is expected to rise in the forecast period. Household margarine is a low-cost alternative to the butter and other fat-soluble emulsifiers. Owing to this, many households are opting for margarine as an alternate of butter.
With increasing awareness among the global consumer base of the ingredients and process of manufacture, consumers are demanding household margarine made with organic, non-GMO ingredients that are also allergen-free.
With increasing household baking as the trend of home baking grows, it is expected to witness high demand growth, owing to its high nutrient value and cost-effectiveness. Margarine has a mild taste that does not overpower or mask the taste of bakery products, and margarine also provides the desired texture and fluffiness to the bakery items.
2019 is considered as the vegan year, as in this year there were maximum vegan product launches as nearly one in every four product launches in the UK were vegan products and largest jump of 1.2% in the vegan population. With such hype in demand for vegan products, household margarine is experiencing the cascading effect by an increase in its demand globally. Apart from the functionality and nutritional value, the fact that Margarine is a non-dairy alternative to butter enhances its global market demand considerably.
Household Margarine: Market Segmentation
Based on Product Type, Household Margarine Market can be segmented as:
Based on Distribution Channel, Household Margarine Market can be segmented as:
Based on Product Form, Household Margarine Market can be segmented as:
Based on Lipid Source, Household Margarine Market can be segmented as:
Key Players of Global Household Margarine Household
Some of the key players of Household Margarine are Palsgaard, Unilever, Bunge, NMGK Group, ConAgra, Zydus Wellness, Wilmar-International, Fuji Oil, BRF, Yildiz Holding, Grupo Lala, NamChow, Cargill, COFCO, Uni-President, Mengniu Group, Yili Group, Brightdairy, and Saputo Dairy UK.
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report