Margarine Market Report 2021, Industry Size, Share, Price Trends and Forecasts to 2026

NEW YORK - March 19, 2021 - PRLog -- The global margarine market grew at a CAGR of 4% during 2015-2020. Looking forward, the market expects to continue its moderate growth during the next five years.

Margarine is a non-dairy substitute for butter, having a similar appearance, taste, consistency and nutritional value. It is produced by blending various refined vegetable oils, including corn, canola, palm, soybean, etc. Margarine is a good source of essential fat-soluble nutrients that helps in maintaining lower blood cholesterol levels and minimizing the risk of cardiovascular diseases. It is widely available in various forms such as cubes, sticks, tubs, liquid, spray, blocks, etc. As a result, margarine is extensively used across bakeries, confectioneries, and household cooking.

The increasing prevalence of lactose-intolerance disorders, along with the rising consumer health concerns towards the harmful impact of saturated fats, have led to a prominent shift from butter towards margarine. Furthermore, the escalating awareness towards the dairy-free content of margarine, growing vegan population, and changing consumer dietary patterns are also propelling the global margarine market. Moreover, the expanding bakery sector is further bolstering the utilization of margarine as an essential ingredient for adding volume and texture to baked goods. Besides this, the growing consumer consciousness towards clean-label and sustainable products has led to the emergence of allergen-free, non-GMO, and naturally-sourced margarine. Several manufacturers are producing organic and low-calorie variants of margarine that are made up of healthier vegetable oils, such as palm oil, olive oil, corn oil, etc., which is expected to further drive the market growth in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Bunge Limited, Conagra Foodservice Inc., EFKO Group, NMGK Group, PURATOS, Richardson International Limited, Vandemoortele and Wilmar International Ltd.

For more information about this report visit: https://www.imarcgroup.com/margarine-market

Insights on Market Segmentation:

Breakup by Source:

Plant
Animal

Breakup by Form:

Sticks
Cubes
Tubs
Liquid
Others

Breakup by Distribution Channel:

Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

Breakup by Application:

Household
Bakery
Confectionary
Spreads, Sauces and Toppings
Others

Breakup by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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