A recent report published by Infinium Global Research on industrial margarine market provides an in-depth analysis of segments and sub-segments in the global as well as regional industrial margarine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial margarine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial margarine market. According to the report, the global industrial margarine market is projected to grow at a CAGR of 4.3% over the forecast period of 2019-2025.
Margarine is a non-dairy product, used for several purposes in the food processing industry. It has numerous applications in the food processing industry such as cooking, flavoring, and baking. After the invention of the margarine in 1869 in France by Hippolyte Mège-Mouriès, for armed personnel and poor people as a cheaper substitute of butter, its application is growing day by day in several industrial applications in the food processing industry. It is prepared from the vegetable oil and animal fat. The continuous growing trend to avoid dairy-based products is helping to grow the demand for margarine based products. Additionally, the growing lifestyle problem as cancer, hypertension, heart disease and obesity owing to the excessive application of the butter and dairy fat-based products, is curtailing the consumer's love with the dairy-based butter and fat based products. Simultaneously, the consumers are gravitating toward the use of margarine as a substitute for the butter and other dairy-based fat products. Further, owing to its pro-health benefits it is considered as healthy replacement of the butter.
The growing demand for the substitute of the dairy-based fat products are helping to grow the demand of the margarine products around the world. Further, the growing consumer awareness about the side effects of the excessive application of the dairy-based fats is motivating the consumer to demand the different type of margarine based product. Simultaneously, the growing demand for a different type of bakery foods, processed food, and convenience, which needs a large amount of fat like products for cooking, baking and flavoring purpose is expected to boost the demand in the near future.
Geographically, the industrial margarine market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the industrial margarine market, owing to the presence of the several food processing companies, who use a large amount of the margarine product in the production of different type of end-use food products. Additionally, the presence of a large number of consumer groups who are fond of the different type of margarine based food products is helping to grow this market in North America. Europe is the second-largest market of the industrial margarine based food products, after North America. The Asia-Pacific industrial margarine market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the different type of processed food product among the young and middle-class consumers in this region.
The report on global industrial margarine market covers segments such as application, type, source, and form. On the basis of application, the sub-markets include bakery, spreads, sauces, and toppings, confectionery, convenience food, and other applications. On the basis of type, the sub-markets include spreadable margarine, all-purpose industrial margarine, and butter blend. On the basis of source, the sub-markets include animal source, and plant source. On the basis of form, the sub-markets include hard industrial margarine, and soft industrial margarine.
The report provides profiles of the companies in the market such as s.a. Aigremont n.v., Richardson International Limited, Royale Lacroix SA, EFKO Management Company, NMGK Group of Companies, Vandemoortele, Fuji Oil Co., Ltd., Associated British Foods plc, Wilmar International Limited, and Puratos.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial margarine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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