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Industrial Margarine Market: Robust Growth Predicted with a CAGR of 5.1% (2024-2025) and 4.8% (2025-2029); Key Driving Factors and Trend Analysis
Industrial Margarine Market Size
What Is The Projected Market Size Of The Global Industrial Margarine Market And Its Growth Rate?
• The market size of industrial margarine was $2.8 billion in 2024 and is projected to grow at a CAGR of 5.1% to reach $2.95 billion in 2025.
• Striking growth due to post-world War II economic recovery, food rationing, and shortages, changing dietary preferences, globalization of food markets, and cost competitiveness in food processing.
• The market size is expected to grow steadily and reach $3.55 billion in 2029 growing at a CAGR of 4.8%.
• Growth in the forecast period can be attributed to sustainable sourcing and production, health and wellness trends, plant-based and vegan trends, clean label and natural ingredients, e-commerce, and direct-to-consumer models.
What Is Driving The Growth In The Industrial Margarine Market?
The burgeoning growth of the food industry is promoting the industrial margarine market's expansion. Industrial margarine serves as an emulsifier that enriches food items with a delicious flavor and smooth texture. Notable examples include Scotland showing improved figures in food and beverages manufacturing and exports. With 1,185 companies, food and beverages turnover amounted to $12.5 billion (£10.3 billion), equating to 33% of total Scottish manufacturing in 2023. Heightened activities in the food industry are likely to boost the growth of the industrial margarine market.
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Who Are the Key Players Driving Industrial Margarine Market Growth?
• 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
• Royale Lacroix SA
• PT. BONANZA MEGAH.LTD.
What Are The Key Trends In The Industrial Margarine Market?
• Sustainable sourcing and production
• Health and wellness trends
• Plant-based and vegan trends
• Clean label and natural ingredients
• E-commerce and direct-to-consumer models
• Retail expansion and packaging innovations
• Technological advancements in production
• Smart manufacturing and industry 4.0 adoption
• Collaborations and partnerships in the value chain
• Packaging innovations for sustainability
What Are The Segments Of The Global Industrial Margarine Market?
• By Product: Spreadable, All-Purpose, Butter Blend, Liquid, Other Products
• By Source: Animal Source, Plant Source
• By Form: Hard, Soft
• By Application: Bakery, Confectionery, Toppings, Sauces, And Spreads, Convenience Food, Other Applications
Which Region Leads The Industrial Margarine Market?
North America was the largest region in the industrial margarine market in 2024. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Furthermore, Asia Pacific is expected to be the fastest-growing region in the forecast period due to the increasing demand for processed and convenience foods.
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What Is Covered In The Industrial Margarine Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Margarine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Margarine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Margarine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Margarine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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