Industrial Margarine Market | Growth | Size | Industry Analysis and Global Forecast to 2023
Meticulous Research® – one of the leading global
market research companies published a research report titled “Industrial Margarine
Market – Global
Opportunity Analysis and Industry Forecast (2018-2023)”
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| Industrial Margarine Marke by Meticulous Research® |
According to this latest publication from Meticulous Research®,
the global industrial margarine market will grow at a CAGR of 3.0% from 2018 to
2023 to reach USD 2,945.5 million by 2023, driven by increasing consumption of
margarine, growing bakery and confectionery industry, and low price of
margarine. However, factors such as rising health issues and disorders related
to obesity, growing need to comply with international quality standards, and
stringent regulations are expected to hinder the growth of this market to some
extent.
Key Market Segments to Watch
The global industrial margarine market is mainly segmented by
type (all-purpose margarine, spreadable margarine, butter blend margarine, spray
margarine), form (hard and soft), source (plants and animals), application
(bakery, confectionery, toppings, sauces, spreads, convenience food, and
others), and geography.
Based on type, all-purpose margarines accounted for the major
share of the global industrial margarine market in 2017, owing to its range of
benefits, such as it ensures high organoleptic properties of the finished
product (clean milky taste and aroma) throughout the shelf life, stability of
shape of deposited products after baking, and high resistance to oxidizing (low
acid and peroxide values). It is also characterized by good aeration
properties, as it has the ability to absorb air producing rich mass saturated
with air; and has a presence of specially developed emulsifiers in its formula,
promoting formation of fine emulsion. In addition, all-purpose margarine has
good frying properties, produce a pleasant smell during frying, have good spread
ability and flavor release, and create good volume in cakes and creams. These
properties further increase the demand of all-purpose industrial margarine in
many countries across the globe.
Based on form, hard margarine accounted for the major share of
the global industrial margarine market in 2017, due to its ability of being
resistant to oxidation. It can also, however, generate a firm texture that is
less spreadable. Based on source, plant sourced industrial margarine held the
largest share of the market in 2017 and is expected to dominate market during
the forecast period, as it contains less calories; rich in antioxidants,
especially carotenoids; and has high oxidative stability due to its high level
of natural antioxidants and high saturated fatty acid content.
Regional Market Growth Trends
Geographically, this market is segmented into North America
(U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia
Pacific (China, India, Japan, Australia, and RoAPAC), Latin America, and Middle
East & Africa. Asia Pacific region is expected to witness significant
growth during the forecast period due to rising household income and
consumption levels, which have increased the demand for bakery products; high
levels of foreign investment and large numbers of foreign-funded enterprises
that promote technologies improvements in the industry; strengthening
government food regulations, which standardized the operations and maintained
consumer confidence in food safety; and growing consumer preferences for
high-quality products.
Top Companies Operating in the Global Industrial Margarine Market
The key players operating in the global industrial margarine
market are Wilmar International Limited (Singapore), Bunge Limited (U.S.),
Remia C.V. (The Netherlands), Currimjee Group (Mauritius), FUJI OIL HOLDINGS
INC. (Japan), Richardson International Limited (Canada), s.a. Aigremont n.v.
(Belgium), Vandemoortele (Belgium), NMGK Group (Russia), EFKO Group (Russia),
Royale Lacroix SA (Belgium), Conagra Brands, Inc. (U.S.), and Puratos Group NV
(Belgium).
Key questions answered in the report-
- Which are the high growth market segments in
terms of type, form, source, application, and regions/countries?
- What is the historical market for industrial
margarine across the globe?
- What are the market forecasts and estimates
from the period 2016-2023?
- What are the major drivers, restraints, and
opportunities in the global industrial margarine market?
- Who are the major players in the global
industrial margarine market and what share of the market do they hold?
- Who are the major players in various countries
and what share of the market do they hold?
- What are the competitive landscapes and who
are the market leaders by sub-region in the global industrial margarine
market?
- What are the recent developments in the global
industrial margarine market?
- What are the different strategies adopted by
the major players in the global industrial margarine market?
- What are the geographical trends and high
growth regions/ countries?
- Who are the local emerging players in the
global industrial margarine market and how do they compete with the global
players?
Top 10 Industrial
Margarine Companies to Watch:
https://meticulousblog.org/top-10-companies-operating-in-industrial-margarine-market/
https://meticulousblog.org/top-10-companies-operating-in-industrial-margarine-market/
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Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Website: https://www.meticulousresearch.com/
Connect with us | LinkedIn | Twitter |
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