Industrial Margarine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Industrial Margarine Market: Snapshot
Global Industrial Margarine Market is set to demonstrate a steady CAGR (Compound Annual Growth Rate) in the period 2018 to 2028 owing to an increasing demand for margarine, especially from the bakery and confectionery industry segments. This means attractive growth opportunities and increase in market worth.
North American region will hold a considerable share owing to consumer preference for convenience products and healthy foods.
Some of the notable developments that have marked the global industrial margarine market’s landscape are outlined below:
Industrial margarine is made from a wide range of vegetable or animal fats or oils, designed to taste and appear similar to butter. An increase interest in polyunsaturated fats and oils which help lower bad cholesterol level in the body has largely influence the adoption of highly processed food products made of vegetable oils such as industrial margarine. It is a good source of polyunsaturated fats which are considered healthy and provide better benefits to heart health than saturated fats. Increase in the use of margarine, especially for baking applications, has led to the development of industrial margarine market.
Industrial Margarine Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global industrial margarine market include –
Industrial Margarine Market Dynamics
Industrial margarine has been gaining increasing demand in the recent years, as a better and healthy alternative to butter. It is widely used in baking, cooking, o as spreads in different foods and dishes to enhance the taste and flavor. The industrial margarine market is likely to earn significant traction in the coming years, owing to increasing consumer demand for low-calorie and low-fat food products along with substitutes for butter and oils in a variety of bakery products. Moreover, bakery product manufacturers are focusing on developing low-calorie product to target customers and push the overall sales which in turn may boost the growth of industrial margarine market.
Industrial margarine is a non-dairy product and cheaper alternative to butter which are increasing their consumption mostly in underdeveloped countries for multiple usages. In developed regions, rapidly growing foodservice industry and need for product innovation are the important factors accelerating the growth of industrial margarine market. Further, rise in consumption convenience food lined with the escalating demand for bakery & confectionery products will possibly fuel the global expansion of industrial margarine market.
North America to Hold Significant Share in Industrial Margarine Market
Industrial margarine market in North America is characterized by high concentration of key players including Bunge Limited and ConAgra. Continued focus on product innovations and new launches including fat-free or low fat spreads are likely to create lucrative opportunities for these players in the North America industrial margarine market.
However, rising health concerns and increasing cases of weight gain and obesity in various regions across the globe may remain restraining factors of industrial margarine market.
Industrial Margarine Market Segmentation
Based on type, the industrial margarine market can be segmented into:
Based on form, the industrial margarine market can be segmented into:
Based on application, the industrial margarine market can be segmented into:
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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