Industrial Margarine Market
Meticulous Research® –
one of the leading global market research companies published a research report
titled “Industrial Margarine Market–
Global Opportunity Analysis and Industry Forecast (2018-2023)”
According to this latest
publication from Meticulous Research®, the global industrial
margarine market will grow at a CAGR of 3.0% from 2018 to 2023 to reach USD
2,945.5 million by 2023, driven by increasing consumption of margarine, growing
bakery and confectionery industry, and low price of margarine. However, factors
such as rising health issues and disorders related to obesity, growing need to
comply with international quality standards, and stringent regulations are
expected to hinder the growth of this market to some extent.
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in-depth Report on https://www.meticulousresearch.com/product/industrial-margarine-market-forecast-2023/
Key Market Segments to
Watch
The global industrial
margarine market is mainly segmented by type (all purpose margarine, spreadable
margarine, butter blend margarine, spray margarine), form (hard and soft),
source (plants and animals), application (bakery, confectionery, toppings,
sauces, spreads, convenience food, and others), and geography.
Based on type, all
purpose margarines accounted for the major share of the global industrial
margarine market in 2017, owing to its range of benefits, such as it ensures high
organoleptic properties of the finished product (clean milky taste and aroma)
throughout the shelf life, stability of shape of deposited products after
baking, and high resistance to oxidizing (low acid and peroxide values). It is
also characterized by good aeration properties, as it has the ability to absorb
air producing rich mass saturated with air; and has a presence of specially
developed emulsifiers in its formula, promoting formation of fine emulsion. In
addition, all purpose margarine has good frying properties, produce a pleasant
smell during frying, have good spreadability and flavor release, and create
good volume in cakes and creams. These properties further increase the demand
of all purpose industrial margarine in many countries across the globe.
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Based on form, hard
margarine accounted for the major share of the global industrial margarine
market in 2017, due to its ability of being resistant to oxidation. It can
also, however, generate a firm texture that is less spreadable. Based on
source, plant sourced industrial margarine held the largest share of the market
in 2017 and is expected to dominate market during the forecast period, as it
contains less calories; rich in antioxidants, especially carotenoids; and has
high oxidative stability due to its high level of natural antioxidants and high
saturated fatty acid content.
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Regional Market Growth
Trends
Geographically, this
market is segmented into North America (U.S. and Canada), Europe (Germany,
France, U.K., Italy, Spain, and RoE), Asia Pacific (China, India, Japan,
Australia, and RoAPAC), Latin America, and Middle East & Africa. Asia
Pacific region is expected to witness significant growth during the forecast
period due to rising household income and consumption levels, which have
increased the demand for bakery products; high levels of foreign investment and
large numbers of foreign-funded enterprises that promote technologies
improvements in the industry; strengthening government food regulations, which
standardized the operations and maintained consumer confidence in food safety;
and growing consumer preferences for high-quality products.
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Top Companies Operating
in the Global Industrial Margarine Market
The key players operating
in the global industrial margarine market are Wilmar International Limited
(Singapore), Bunge Limited (U.S.), Remia C.V. (The Netherlands), Currimjee
Group (Mauritius), FUJI OIL HOLDINGS INC. (Japan), Richardson International
Limited (Canada), s.a. Aigremont n.v. (Belgium), Vandemoortele (Belgium), NMGK Group
(Russia), EFKO Group (Russia), Royale Lacroix SA (Belgium), Conagra Brands,
Inc. (U.S.), and Puratos Group NV (Belgium).
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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
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intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle
East & Africa.
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