Industrial Margarine Market | Top Key Players are Congara, Bunge, Puratos, Associated British Foods, Richardson International, Royale Lacroix, Aigremont, Vandemoortele, NMGK Group
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The bakery segment accounted for the largest share of the industrial margarine market, by application, in 2016.
On the basis of application, the bakery application accounted for the largest share of the industrial margarine market in 2016, followed by the confectionery industry. Bakery products such as cakes and pastries call for substitutes for butter and oil among consumers who demand low-fat and low-calorie food products. Manufacturers of bakery products are targeting consumers with low-calorie products to boost sales in a stagnant and matured market. This is currently one of the key trends in the global bakery market, subsequently driving the growth of the industrial margarine market.
Hard form of margarine accounted for the largest market share in 2016.
On the basis of form, the hard form of margarine accounted for a larger market share, followed by the soft form. An advantage of block margarine is that the addition of functional ingredients and flavors in food products can be carried out easily; this is one of the major drivers for the market for hard margarine.
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Plant-sourced margarine accounted for the largest market share in 2016.
On the basis of source, margarine sourced from plants accounted for a larger market share, followed by margarine sourced from animals. Margarine from plant sources is preferred over animal sources, as it contains fewer calories and lower fat content.
North America dominated the industrial margarine market in 2016.
The North American region was the largest market for industrial margarine in 2016. The market is characterized by the presence of large-scale industrial margarine manufacturers such as Conagra (US) and Bunge Limited (US).
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Congara (US), Bunge (Germany), Puratos (Belgium), Associated British Foods (US), Fuij Oil (Japan), Richardson International (Italy), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), EFCO Group (Russia), and Wilmar International (Singapore).
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