Industrial margarine Market share to exceed $ USD 3.5 billion by 2025: Global Market Insights Inc. The research report Global Industrial Margarine Market Size By Source (Plant, Animal), By Form (Hard Margarine, Soft Margarine), By Type (Butter Blend, All Purpose, Spreadable), By Application (Confectionery, Sauces, Spreads & Toppings, Bakery, Convenience), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Belgium, Russia, China, India, Japan, South Korea, Indonesia, Thailand, Australia, Brazil, UAE, Saudi Arabia, South Africa, Iran), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Industrial margarine market share is projected to witness significant growth prospects owing to the rising demand from the consumers for low-calorie food products. This has led to the rising adoption in baked food as a substitute for butter and oil in an attempt to meet the surging consumer demand. There has been increased awareness pertaining to the number of disorders caused by high butter consumption like stroke, cancer, high blood pressure, obesity and artery diseases. Spreadable type industrial margarine industry size had exceeded USD 2.5 billion in the year 2018 owing to its affordability, diverse uses and the subsequent adoption of the product in China, Brazil, India, and South Korea. There has been a surge in the demand for low saturated fat with a high nutrient content as a substitute for vegan butter that has helped amplify the industrial production of margarine.
Convenience food application segment is expected to account for over USD 650 million of total industrial margarine industry share by 2025 on account of the a fastpaced lifestyle and a growing elderly population. With the growth in food expenditure due to the changing preference for diets, along with the time shortage for cooking, the demand for the product will experience major growth. Food manufacturers have created different functional & organic ingredients that allow advanced packaging and convenient consumption of the product. There has been a rise in the tendency of consumers to sample different cuisines. Further, the growth of premium convenience food consumption that rich in nutrients like fibers, probiotics, vitamins, and proteins will accelerate industrial margarine market share over the forecast timeframe. Growing awareness pertaining to the environment coupled with animal rights concern has led the manufacturers to begin providing products that are vegan-friendly. U.S. plant-based industrial margarine industry size had experienced a consumption of more 1|Page