Industrial Margarine market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Industrial Margarine offers certain key advantages as a raw material in the baking and confectionery industries. It is a mixture of edible oils or animal fats and is an alternative to butter. The physical characteristics of butter are retained while the unhealthy saturated fats are eliminated.
Analysis by Source
Plant-based margarine will see a great adoption by consumers on account of it having a smaller environmental impact. The modern customer is active on the internet and is cognizant of the benefits of consuming organic, vegan products.
On the other hand, in today’s fast-paced life, a different set of customers also prioritize shelf-life, affordability, and attractive shapes. This is made possible by Animal-based products. Since most of the customers have a very hectic schedule, this segment will remain hotly contested in the forecasted time.
Analysis by Form
Easy foods such as pastries, cookies, crackers, and croissants use the hard form of margarine. These foods are a favorite for the sweet-toothed customers, which are in plenty. Their ease of consumption will ensure that the hard-form margarine remains competitive in the market.
The other form of margarine is soft. This has some very different characteristics which appeal to its consumers. The health-conscious users prefer these as they have no Trans-fats. As the users gain the benefits of these products, their demand and revenue will be phenomenal.
Analysis by Type
Customers are looking for healthier alternatives to butter and the butter-blend type of margarine is just that. Various applications such as sautéing, grilling and cooking benefit from this product. This will have a rapid market capitalization in the forecasted period.
Steady growth in the purchasing power of customers has also fuelled the revenues generated by All-purpose industrial margarine. They find their way in cookies and quick-eats. It is estimated that this section will also grow at a healthy pace.
Analysis by Application
International cuisines are reaching homes. They utilize sauces, spreads, and toppings. Customers are experimenting with new food experience owing to an increase in disposable incomes. This is excellent news for this sector.
Youngsters are forming a major part of the ecosystem. They will prefer to get semi-cooked or ready-to-eat products from convenience stores. Product adoption will also be aided by evolving busy lifestyles. This is a stepping stone for young entrants into the field.
Analysis by Region
A massive market share is held by the US, Canada & Mexico. The customers are getting knowledgeable about healthier eating habits which has driven the large revenues so far. The manufacturing setup is robust.
Eating out is a major business in the European Union. With that comes the widescale use of Margarine. Food compliments such as chilly sauces will also lead to large supplies of the product in this region.
The Asia-Pacific region is witnessing a growing trend for this product. This is attributed to the developing nature of their economies in general. The main countries in the fray are India, Japan, and China.
Analysis by Market
Qualitative brands such as Currimjee Group, Fuji Oil, Puratos, Conagra Brands and Sime Darby Oils are on the move in this industry. Manufacturing line upgrades are in the pipeline. Investments in marketing and product development is on the rise. This scenario augurs well for the market capitalization of the industry. Other industries in this domain that are growing at a high CAGR include Industrial Display Market and Industrial Actuators Market.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Source Outlook ($Revenue and Unit Sales, 2019-2026)
• Plant
• Animal
By Form Outlook ($Revenue and Unit Sales, 2019-2026)
• Hard Margarine
• Soft Margarine
By Type Outlook ($Revenue and Unit Sales, 2019-2026)
• Butter-blend
• All-purpose
• Spreadable
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Confectionery
• Sauces, Spreads & toppings
• Bakery
• Convenience food
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• USA
• Canada
• Mexico
• Germany
• UK
• France
• Italy
• Spain
• Netherlands
• Belgium
• Russia
• China
• India
• Japan
• South Korea
• Indonesia
• Thailand
• Australia
• Brazil
• UAE
• Saudi Arabia
• South Africa
• Iran
Market Players
• Currimjee Group,
• Wilmar International,
• Fuji Oil Co. Ltd,
• Marinfood,
• Gagar Foods,
• Adeka Foods,
• NMGK Group,
• Royal Lacroix,
• Sime Darby Oils,
• S.A Aigremont N.V,
• EFKO Group,
• Kaneka Corporation,
• Bunge,
• Conagra Brands, Inc,
• Puratos,
• Vandemoortele,
• Richardson International,
