IMARC Group, a leading market research company, has recently released a report titled “Margarine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global margarine market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Margarine Industry?
According to the report, The global margarine market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.
What is Margarine?
Margarine refers to a non-dairy substitute for butter with a similar taste, appearance, consistency, and nutritional value. It is manufactured by blending various refined vegetable oils, including canola, corn, soybean, palm, etc. Margarine acts as an excellent source of essential fat-soluble nutrients that help in minimizing the risk of cardiovascular diseases and maintaining lower blood cholesterol levels. It is widely available in several forms, such as sticks, liquid, blocks, cubes, tubs, sprays, etc. Consequently, margarine is extensively used across bakeries, confectioneries, and household cooking.
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What are the growth prospects and trends in the Margarine industry?
The increasing prevalence of lactose-intolerance disorders and the rising consumer health concerns towards the harmful impact of saturated fats have led to a notable shift from butter towards margarine. Additionally, the changing consumer dietary patterns, rising awareness about the dairy-free content of margarine, and the growing vegan population are also propelling the global margarine market. Besides this, the expanding bakery sector is further increasing the usage of margarine as an essential ingredient for adding texture and volume to baked items. Furthermore, the growing consumer consciousness towards clean-label and sustainable products has led to the emergence of allergen-free, non-GMO, and naturally sourced margarine. Several manufacturers are producing organic and low-calorie variants of margarine made up of healthier vegetable oils, such as palm oil, olive oil, corn oil, etc., which is expected to further drive the market growth in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
- Bunge Limited
- Conagra Foodservice Inc.
- EFKO Group
- NMGK Group
- Richardson International Limited
- Wilmar International Ltd.
Explore full report with table of contents: https://www.imarcgroup.com/margarine-market
The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Source:
Breakup by Form:
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Application:
- Spreads, Sauces and Toppings
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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