Industrial Margarine Market Expected to Surpass $3.54 Billion by 2030

 

Meticulous Research®, a leading global market research company, published a research report titled, ‘Industrial Margarine Market by Type (All Purpose Margarine, Spreadable, Butter Blend, Spray), Form (Hard and Soft), Source (Plants and Animals), Application (Bakery, Confectionery, Toppings, Sauces, and Spreads) - Global Forecast to 2030.'

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=3837?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=24-10-2024


According to a recent report from Meticulous Research®, the global industrial margarine market is anticipated to grow at a CAGR of 4.3% from 2023 to 2030, reaching an estimated value of $3.54 billion by 2030. The growth of this market is largely fueled by the thriving bakery industry, an increasing population adopting vegan diets, and the affordability of margarine as a substitute for butter. However, the rise in health-conscious consumers may hinder market progress.

The industrial margarine market is categorized by type (all-purpose, spreadable, butter blend, and spray margarine), form (hard and soft), source (plant-based and animal-based), application (bakery, confectionery, toppings, sauces, spreads, convenience foods, and more), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report also analyzes competitors and provides insights into regional and country-level markets.

The all-purpose margarine segment is projected to lead the market in 2023, driven by its increasing demand in the food service sector, the expansion of the bakery market, and its appeal among vegans due to its lower saturated fat content compared to butter. On the other hand, the soft margarine segment is expected to experience the highest growth due to innovations in product development and rising consumer interest in healthier spreads.

In the application sector, the toppings, sauces, and spreads category is forecast to grow the fastest, spurred by changing consumer preferences toward fast food that includes these options. Geographically, the Asia-Pacific region is set to see the most significant growth during the forecast period, driven by rising demand for ready-to-eat foods, higher disposable incomes, and urbanization.

Key players in the industrial margarine market include Wilmar International Limited (Singapore), Bunge Limited (U.S.), Remia C.V. (Netherlands), Currimjee Group (Mauritius), Fuji Oil Holdings Inc. (Japan), and Richardson International Limited (Canada), among others.


Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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