Bharat Book Bureau Provides the Trending Market Research Report on “Global and Regional Industrial Margarine Market Research Report 2018-2023”under Food & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
The Industrial Margarine market size will grow from USD 2.21 billion in 2017 to USD 2.78 billion by 2023, at an estimated CAGR of 3.9%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023
Factors such as lower prices of margarine as well as lower fat content as compared to butter are driving the industrial margarine industry. In addition to this, the rapid growth of the bakery and confectionery industries in rapidly developing economies is projected to drive the demand for industrial margarine. On the basis of application, the bakery industry accounted for the largest share, followed by the confectionery industry, in 2017. The growth in the bakery, confectionery, and convenience food sectors is fueling the demand for margarine as it is a cost-effective substitute for butter. The industrial margarine market, on the basis of type, is segmented into spreadable, all purpose, and butter blend margarine. The all purpose segment accounted for the largest market share in 2017 as it can be used for baking, frying, and spreading. It is widely used for in the bakery products industry.
By Market Players:
Conagra , Bunge , Puratos , Wilmar International , Associated British Foods , Fuji Oil , Vandemoortele , NMGK Group , EFKO Group , Royale Lacroix , Richardson International , Aigremont
Bakery , Spreads, Sauces, and Toppings , Confectionery , Convenience Food , Others
Spreadable Margarine , All-Purpose Industrial Margarine , Butter Blend
Animal Source , Plant Source
Hard Industrial Margarine , Soft Industrial Margarine
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