With the presence of a large pool of participants, the Global Industrial Margarine Market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).
Industrial margarine is a combination of edible vegetable oil and animal fat and suits the industrial applications pertaining to the bakery & confectionery sector. Furthermore, it is promoted as a low-priced butter substitute for the products with the same taste, appearance, and features.
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Escalating end-user awareness pertaining to chronic disorders along with the thriving baking food sector will boost the market growth over the forecast period. Additionally, the massive demand for a low-fat diet as a result of changing consumer preferences and lifestyles will spur the expansion of industrial margarine business over the forecast timespan. Apparently, an increase in the health consciousness leading to more demand for food having fewer amounts of calories is likely to chart a profitable roadmap for the industrial margarine market over the coming years.
Furthermore, manufacturers are trying to expand their product portfolio through huge investment in research & development activities, thereby providing products with new features at reduced costs. This, in turn, will boost the market growth over the forecast period. Hectic lifestyle and increase in the working population have resulted in the humungous need for packaged food, thereby propelling the market expansion over the period from 2019 to 2025. However, the surge in the raw material prices and the introduction of strict food legislation will inhibit business growth over 2019 -2025.
All-Purpose Industrial Margarine Market To Register Fastest Growth By 2025
The growth of the All-Purpose type segment of the industrial margarine market over 2019-2025 is attributed to the massive use of all-purpose industrial margarine in baking, sautéing, frying, and other bakery items. Additionally, a rise in the intake of ready-to-eat food items will transform in huge demand for the All-Purpose segment over the forecast timeline.
Bakery Segment To Dominate The Application Landscape Over 2019-2025
The segmental growth over the forecast period is credited to the massive utilization of margarine in the bakery items as a result of its cost-effective nature.
North American Market To Acquire Numero Uno Position By 2025
The surge in the cases of lifestyle ailments like constipation, atherosclerosis, and hypertension along with massive health consciousness among the consumer will proliferate the growth of the regional market over 2019-2025. Apart from this, the huge presence of reputed & established manufacturers coupled with growing efforts made by the firms to develop low-fat products will vindicate as well as define the growth of the business in the North American sub-continent.
The key players that are predicted to favorably influence the industrial margarine industry and profiled in the report include Adeka Foods, Vandemoortele, Currimjee Group, Wilmar International Limited, Aigremont N.V., Fuji Oil Co. Ltd, Bunge Limited, Kaneka Corporation, EFKO Group, Marinfood, Gagar Foods, NMGK Group, Royal Lacroix, Sime Darby Oils S.A., Conagra Brands, Inc., Puratos, and Richardson International Limited.
This report segments the industrial margarine market as follows:
Global Industrial Margarine Market: By Source Segment Analysis
Global Industrial Margarine Market: By Type Segment Analysis
Global Industrial Margarine Market: By Form Segment Analysis
Global Industrial Margarine Market: By Application Segment Analysis
Global Industrial Margarine Market: By Regional Segment Analysis
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