• The global Industrial Margarine market was valued at US$ 2071.4 million in 2022 and is projected to reach US$ 2492.6 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
• Margarine is a substitute for butter, prepared from vegetable and animal fats by emulsifying them with water and adding small amount of milk, salt, vitamins, colouring matter, etc. Industrial Margarine is an all-purpose margarine suitable for industrial uses related to baking.
• North America accounted for the largest market share of the industrial margarine market in 2017. This market is driven by the health-conscious consumers due to the growing incidences of diseases such as diabetes, highblood pressure, and constipation that has been fueling the market for margarine. The food manufacturers in the US are therefore concentrating on producing margarine products that do not contain any trans-fat.
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