Fatpos Global has released a report titled “Industrial Margarine Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 3.5 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 3.68% between 2021 and 2031. According to the report, Components such as less prices of margarine along with lower fat content as compared to butter are driving the industrial margarine industry. Additionally, the rapid growth of the bakery and confectionery industries in rapidly developing economies is anticipated to boost the demand for industrial margarine.
The market report on global Industrial Margarine Market includes in-depth insights as:
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Margarine is a non-dairy product produced from animal fat and vegetable. Industrial margarine is used as a substitute for butter used for toppings, baking, spreads, and other cooking purposes. Developing economies such as India and China, in the upcoming years, are predictable to experience strong growing demand for industrial margarine.
Based on Type, global Industrial Margarine Market is segmented into Spreadable, All Purpose, And Butter Blend Margarine. Among the type segments, All Purpose segment is predictable to hold the majority revenue share in the market and is expected to continue during the forecast years. All Purpose segment accounted for the largest market share in as it can be used for baking, frying, and spreading. It is extensively used in the bakery products industry.
Key Players in the Market
Some of the key players operating in the global Industrial Margarine Market are Bunge, Puratos, Wilmar International, Associated British Foods, Fuji Oil, Vandemoortele, NMGK Group, EFKO Group, Royale Lacroix, Richardson International and Other Prominent Players
Get Valuable Insights into Global Industrial Margarine Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Industrial Margarine Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Global Industrial Margarine market is segmented by Type into Spreadable, All-Purpose, And Butter Blend Margarine and Others; By Application into Confectionery, Sauces, Spreads & Toppings, Bakery, Convenience. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa.
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