MARKET INTRODUCTION
Margarine is a water-in-fat emulsion, in which tiny water droplets are dispersed uniformly throughout the fat phase. It is widely used spread for flavoring, cooking, and baking. Margarine is rich in vitamin E and sodium. As margarine is deficient in essential micro-nutrients, it is fortified with Vitamin A, Vitamin C, Vitamin D, and other micro-nutrients. Margarine has become an important part of the western diet. It is also increasingly used as a spread in many Asian countries. The fat content in the vegetable fat spreads and margarines can range from 10 to 90%. The use of margarine as a cooking fat or substitute to butter made from refined vegetable oils has led to high demand for margarine in numerous cuisines around the world.
MARKET DYNAMICS
The rise in consumption of margarine can be attributed to improvements in oil refining methods. The improved production methods has resulted in the production of margarines with superior qualities while imitating the taste, consistency, texture, and flavor of real butter. Growing concerns over the ill-effects of cholesterol and saturated fats have swayed consumers towards healthier alternatives to butter, such as vegetable fats and margarines. Margarine has become a staple of western as well as Asian diets in recent years. The surge in the use of margarine used in bakeries and food processing plants to prepare delicacies such as croissants, pie crusts, desserts, and cookies is expected to drive the margarine market. Margarine is used as a condiment in numerous dishes in western as well as Asian cuisines. The widespread use of industrial margarine in food industries as well as home-made recipes to prepare spreads, sauces, and toppings is expected to drive the margarine market further. The demand for soft margarine is likely to grow in the future owing to its health benefits over butter and hard margarine. Soft margarine is low in trans-fats. The low trans-fat contents in soft margarine are associated with significantly reducing the risks of heart disease, metabolic disorders, and strokes. Growing demand from the food processing sector owing to the tenderness and smooth consistency of soft margarine is expected to drive the soft margarine market in the forecast period.
MARKET SCOPE
The "Global Margarine Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the margarine market with detailed market segmentation by usage, form, application, and geography. The global margarine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading margarine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global margarine market is segmented on the basis of usage, form, and application. On the basis of usage, the margarine market is segmented into, spreadable and non-spreadable. On the basis of form, the market is bifurcated into, hard and soft. Based on application, the global margarine market is segmented into, bakery, spreads sauces and toppings, confectionery, convenience food, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global margarine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The margarine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the margarine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the margarine market in these regions.
MARKET PLAYERS
The reports cover key developments in the margarine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from margarine market are anticipated to lucrative growth opportunities in the future with the rising demand for margarine in the global market. Below mentioned is the list of few companies engaged in the margarine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the margarine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ASSOCIATED BRITISH FOODS PLC.
- BUNGE LIMITED
- CONAGRA BRANDS, INC.
- EFKO GROUP
- FUJI OIL EUROPE
- NMGK GROUP
- PURATOS
- RICHARDSON INTERNATIONAL LIMITED
- VANDEMOORTELE
- WILMAR INTERNATIONAL LTD
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