About Industrial Margarine
Industrial margarine could be a dairy product that's used as a substitute for butter. whereas each industrial margarine and butter are wont to improve the flavor of a range of dishes, they need distinct characteristics. Water, proteins, and animal fat structure butter, whereas fat and/or processed vegetable oil make up industrial margarine. The rising demand for industrial margarine is fuelled by the number of new modified margarine product launches by margarine manufacturers, such as low-fat or fat-free spreads and fortified margarine with vitamin D-fortified milk.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for industrial margarine is fragmented by global key players. The player should focus on product innovation developing margarines for industrial use which are vegan and organic with patented techniques to excel in efficient manufacturing. The rising demand for butter alternatives and attractive packaging will help to grow the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Congara (United States), Associated British Foods (United Kingdom), Fuji Oil (Japan), Richardson International (Canada), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), EFCO Group (United States) and Wilmar International (Singapore) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Margarine market by Type (Spreadable Margarine, All-Purpose Industrial Margarine and Butter Blend), Application (Bakery, Spreads, sauces, and toppings, Confectionery, Convenience food and Others) and Region.
On the basis of geography, the market of Industrial 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). Europe region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Industrial Margarine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant will boost the Industrial Margarine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Clean Label Manufacturing and Attractive Packaging for the Consumers
Market Growth Drivers:
Rising Health Awareness and Health-Conscious Food Consumption and Rising Demand for the Application in Bakery Products low Fat and Low-Calorie Alternatives to Butter
Challenges:
Availability of Substitutes in Market
Restraints:
Rising Health Concerns and Substitutes Replacing Margarine and Stringent Government Regulations regarding Industrial Margarine
Opportunities:
Rising Manufacturing of Trans-Fat-Free Margarine Products
Market Leaders and their expansionary development strategies
Edible oils supplier KTC is broadening its product range with the acquisition of Scottish business Cardowan Creameries. This acquisition represents an exciting opportunity to accelerate Cardowan’s strategic growth plans and is a compelling addition to KTC.
In 2021, Grüninger AG, a leading Swiss producer of industrial and commercial margarine, developed a new technology to produce palm-free, vegan and vegetarian margarine. The procedure includes natural rosemary extract-derived antioxidant that extends the products’ shelf-life and increases heat stability during baking.
Key Target Audience
Industrial Margarine Manufacturer, Supplier/Distributor, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.