Household Margarine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

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Household Margarine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

Status : May, 2021 | Food and Beverages

Report Digest

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:

  • Very Low-fat
  • Low-fat

Based on Distribution Channel, Household Margarine Market can be segmented as:

  • Online Sales
  • Offline Sales
    • Hypermarket/Supermarket
    • Specialty Stores
    • Retail Stores
    • Others

Based on Product Form, Household Margarine Market can be segmented as:

  • Paste
  • Liquid
  • Pellet
  • Powder

Based on Lipid Source, Household Margarine Market can be segmented as:

  • Palm Oil
  • Castor Oil
  • Rapeseed
  • Sunflower
  • Vegetable fat

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?