What is Block Margarine Market?
Margarine is a vegetable-oil-based, butter-flavored spread that contains 80% oil. In other words, Block margarine is a non-dairy-based spread that is used in the food industry. In many cases, it is used as a substitute for butter. In addition, is used in pastries, donuts, cookies, and other food products. Block margarine is a water-in-fat emulsion that Consists of refined vegetable oil and water. It is available in various fat concentrations. Moreover, its hardness is the same as butter, and packed in paper wrapping.
Highlights from Block Margarine Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Unilever (United Kingdom), Bunge Limited (United States), ConAgra Foods, Inc. (United States), Dairy Crest Group plc (United Kingdom), Zydus Cadila (India), Wilmar International Limited (Singapore), Goodman Fielder (Australia), Fuji Oil Company, Ltd. (Japan), Brasil Foods S.A. (Finland), Yildiz Holding etc. (Turkey) and AAK (Sweden) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Block Margarine market throughout the forecasted period.
Unilever (United Kingdom), Bunge Limited (United States), ConAgra Foods, Inc. (United States), Dairy Crest Group plc (United Kingdom), Zydus Cadila (India), Wilmar International Limited (Singapore), Goodman Fielder (Australia), Fuji Oil Company, Ltd. (Japan), Brasil Foods S.A. (Finland), Yildiz Holding etc. (Turkey) and AAK (Sweden) are some of the key players profiled in the study. Block Margarine Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Bakery, Confectionaries, Toppings, Spreads and Others |
Type | Soft block margarine and Hard block margarine |
Nature | Organic,Conventional |
Distribution channel | Online,Offline |
On the basis of geography, the market of Block Margarine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers Towards Healthy Foods
Market Growth Drivers:
Wide Range of Applications Such as Bakery, and Confectionery and Health Benefits as it Avoids Cardiovascular Diseases as Compared to Butter
Challenges:
Increasing Competition Due to the Presence of Major Players
Restraints:
Availability of Alternative Food Products
Opportunities:
Increasing Usage of Low-Fat Products is Boosting the Market and Ability to add Functional Ingredients and Flavors
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
Market Leaders & Development Strategies
On March 2020, AAK acquired NPO Margaron which is a Russia-based producer of margarine, spreads, and bakery and confectionery fats. This strengthens its position in the region, as it will allow the company to move closer to several major clients which have developed a strong presence in the Russian market
On July 2020, Flora launched the 100% vegan butter Flora Plant range which is a big step for a margarine brand. It is made from sunflower, rapeseed, and palm oil and will be available in two flavors, salted and unsalted.