Global Industrial Margarine Market Trends, Applications, Analysis, Growth, and Forecast to 2028
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“Global Industrial Margarine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global industrial margarine market report has been segmented on the basis of type, source, form, application, and region.
Global Industrial Margarine Market: Overview
Industrial margarine is made of refined vegetable oil and water. It is referred as oleomargarine or oleo, and is widely used for baking, flavoring, and cooking. The basic method to make industrial margarine is by emulsifying a blend of vegetable fats and oils, and further modified using hydrogenation, interesterification or fractionation with skimmed milk. The mixture is then chilled to solidify and improve the texture.
Global Industrial Margarine Market: Dynamics
Increasing demand for industrial margarine owing to changing preferences and tastes of consumers is a major factor expected to drive growth of the global industrial margarine market in the next 10 years. Additionally, rising demand for industrial margarine owing to less fat content and low cost is among some factors expected to propel growth of the potential market over the long run. Moreover, rapid urbanization, coupled with growing demand for bakery, confectionary, and convenience food are factors anticipated to support revenue growth of the target market in the years to come.
However, stringent regulations and statutes for international quality standards and growing awareness regarding obesity concern are among the factors which may hamper demand for industrial margarine and restrain growth of the target market.
Increasing focus on development of industrial margarine with low or no trans-fat is expected to offer new opportunity for manufacturers operating in the target market.
Global Industrial Margarine Market: Segment Analysis
Among the type segments, the spreadable margarine segment is expected to register highest growth in terms of value in the target market, owing to increasing demand for convenience food. Among the source segments, the plant segment is expected to account for highest share in terms of revenue in the target market, owing to shifting preference of consumers towards vegan diet.
Among the form segments, the hard industrial margarine segment is projected to register significant share in terms of revenue in the target market, due to its increasing demand in baking applications. Among the application segments, the bakery segment is expected to register major revenue share in the target market in the next coming years, as margarine is a cost-effective alternative for butter.
Global Industrial Margarine Market: Regional Analysis
The industrial margarine market in North America is expected to account for highest share contribution in terms of revenue and projected to maintain its dominance in the target market in the next coming years. Growing awareness among consumers regarding healthy diet and increasing incidences of diseases such as high blood pressure, diabetes, etc. are factors anticipated to drive growth of the North America industrial margarine market. The Asia Pacific industrial margarine market is projected to register highest CAGR in the target market in the next coming years. This can be attributed to growing population, coupled with increasing demand for convenience food in countries in the region.
Global Industrial Margarine Market Segmentation:
Segmentation on the Basis of Type:
- Spreadable Margarine
- All-Purpose Industrial Margarine
- Butter Blend
Segmentation on the Basis of Source:
Segmentation on the Basis of Form:
- Hard Industrial Margarine
- Soft Industrial Margarine
Segmentation on the Basis of Application:
- Spreads, Sauces, and Toppings
- Convenience Food
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Wilmar International
- Associated British Foods
- Fuji Oil
- NMGK Group
- EFKO Group
- Richardson International
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