The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Industrial Margarine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Margarine Global Market Report 2024, The industrial margarine market size has grown strongly in recent years. It will grow from $2.66 billion in 2023 to $2.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to post-world war ii economic recovery, food rationing and shortages, changing dietary preferences, globalization of food markets, cost competitiveness in food processing.The industrial margarine market size is expected to see steady growth in the next few years. It will grow to $3.36 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
The rapid expansion of the food industry is expected to drive the growth of the industrial margarine market in the coming years. The food industry encompasses various activities related to the production and distribution of food products. Industrial margarine, known for its emulsifying properties, enhances the taste and texture of food items. For example, in 2023, Scotland reported 1,185 companies engaged in food and beverage manufacturing. Scottish exports of food and beverages surged by 31% in 2022, reaching $10.18 billion (£8.1 billion). Moreover, food and beverage turnover accounted for $12.5 billion (£10.3 billion), representing 33% of total Scottish manufacturing. Therefore, the robust growth of the food industry is a major driver for the industrial margarine market.
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The industrial margarine market covered in this report is segmented –
1) By Product: Spreadable, All-Purpose, Butter Blend, Liquid, Other Products
2) By Source: Animal Source, Plant Source
3) By Form: Hard, Soft
4) By Application: Bakery, Confectionery, Toppings, Sauces, and Spreads, Convenience Food, Other Applications
Top Major Players
Cargill Incorporated,
The Archer-Daniels-Midland Company,
Wilmar International Ltd.,
Bunge Limited,
Unilever
The industrial margarine market report table of contents includes:
1. Executive Summary
- Industrial Margarine Market Characteristics
- Industrial Margarine Market Trends And Strategies
- Industrial Margarine Market – Macro Economic Scenario
- Global Industrial Margarine Market Size and Growth
- Industrial Margarine Market Segmentation
- Industrial Margarine Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Industrial Margarine Market
- Industrial Margarine Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Industrial Margarine Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Industrial Margarine Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Industrial Margarine Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Cargill Incorporated Financial Performance
Table 76: The Archer-Daniels-Midland Company Financial Performance
Table 77: Wilmar International Ltd. Financial Performance
Table 78: Bunge Limited Financial Performance
Table 79: Unilever Financial Performance
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