Industrial Margarine Market Overview: Market Size, Major Drivers And Trends
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The industrial margarine market has exhibited robust growth, increasing from $2.66 billion in 2023 to $2.8 billion in 2024, marking a compound annual growth rate (CAGR) of 5.4%. This growth trajectory stems from factors such as post-World War II economic recovery and globalization, alongside changing dietary preferences. Looking ahead, the market is poised for steady expansion, reaching $3.36 billion by 2028 at a CAGR of 4.7%. This growth will be propelled by trends like sustainable sourcing, plant-based products, and e-commerce models. Notable shifts include retail expansion and packaging innovations, as well as advancements in production technology and smart manufacturing.
The industrial margarine market is set to thrive with the rapid growth of the food industry, as evidenced by the rise in food and beverage manufacturing companies and exports in Scotland. The food industry’s substantial turnover underscores the market’s potential, reflecting increased demand for industrial margarine.
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What Are The Key Trends That Influence Industrial Margarine Market Share Analysis?
Technological advancements are driving innovation in the industrial margarine market. Leading companies are focusing on developing new technologies to enhance the functionality and applications of industrial margarine. For example, Grüninger AG, a Switzerland-based margarine and fat bakery producer, introduced an innovative custom-flavoring process in March 2021. This process produces palm-free, vegan, and vegetarian margarine with effective off-note aroma masking. Utilizing cooling drum technology and natural antioxidants derived from rosemary extract, the margarine can be custom-flavored for specific applications. These advancements address challenges associated with replacing solid palm fat, enhancing product shelf life and heat stability during baking while delivering optimal mouthfeel.
Which Market Players Are Driving Growth In The Industrial Margarine Market?
Major companies operating in the industrial margarine market report are Cargill Incorporated, The Archer-Daniels-Midland Company, Wilmar International Ltd., Bunge Limited, Unilever, Royal FrieslandCampina N.V., Conagra Brands Inc., Kerry Group, Barry Callebaut, Orkla ASA, AAK AB, Fuji Oil Co. Ltd., Puratos, Vandemoortele, Richardson International Limited, Remia C.V, Currimjee Group, MUEZ-HEST INDIA PVT.LTD., S.A. Aigremont N.V, NMGK Group, LASENOR EMUL S.L., EFKO Group, Silverson, Royale Lacroix SA, PT. BONANZA MEGAH .LTD.
How Is The Global Industrial Margarine Market Segmented?
The industrial margarine market covered in this report is segmented –
1) By Product: Spreadable, All-Purpose, Butter Blend, Liquid, Other Products
2) By Source: Animal Source, Plant Source
3) By Form: Hard, Soft
4) By Application: Bakery, Confectionery, Toppings, Sauces, and Spreads, Convenience Food, Other Applications
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The Industrial Margarine Global Market Report 2024 provides an overview of the industrial margarinemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial margarine market forecast analyzes industrial margarine market size, industrial margarine market share, leading competitor and their market positions.
The Table Of Content For The Industrial Margarine Market Include
1. Industrial Margarine Market Executive Summary
2. Industrial Margarine Market Segments
3. Industrial Margarine Market Size And Template Market Growth Rate
4. Key Industrial Margarine Market Trends
5. Major Industrial Margarine Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Margarine Market
26. Top Industrial Margarine Companies
27. Industrial Margarine Market Opportunities And Strategies
28. Industrial Margarine Market, Conclusions And Recommendations
29. Appendix
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