Market Overview:
The global household hard margarine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and rising disposable income of consumers in developing countries. In terms of type, the total fats ≥ 70% segment is expected to dominate the global household hard margarine market during the forecast period, owing to its high demand from developed countries. However, in terms of CAGR, the total fats < 70% segment is projected to grow at a higher rate than other segments during the forecast period.
Product Definition:
Household Hard Margarine is a type of margarine that is designed for household use. It has a higher fat content than other types of margarine, which makes it more durable and less likely to spoil. It can be used in baking, cooking, or spreading on toast or muffins.
Total Fats ≥ 70%:
The global market for household hard margarine is expected to witness significant growth over the forecast period. The major factor that propels the growth of this industry includes growing middle-class population in developing countries such as India, China, Vietnam and Bangladesh.
Total Fats < 70%:
Total fats < 70% is a type of hard margarine that contains less than 70% saturated fat. The product was developed to meet the dietary requirements of people suffering from cardiovascular diseases and cholesterol abnormalities.
Application Insights:
Based on the application, the global household hard margarine market has been segmented into online and offline sales. The online sales dominated the overall industry in 2017, accounting for over 60% of the total revenue share. This is attributed to growing internet penetration and rising disposable income among consumers globally. Moreover, technological advancements such as e-commerce have played a crucial role in increasing consumer access to various products through remote locations or areas with no access to shops or markets.
Offline stores are expected to witness significant growth over the forecast period owing to increased product availability at cheaper prices compared to its online counterparts due largely in part due increase purchasing power of consumers across regions including Asia Pacific and Middle East & Africa who prefer buying their products from local stores thereby supporting retailers operating globally across these regions.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high consumption of hard margarine. Germany, France, U.K., and Netherlands are the major countries contributing to the growth of this industry in Europe. Asia Pacific is expected to be one of the fastest-growing regions over the forecast period due to increasing awareness about health issues and changing lifestyles resulting into increased demand for healthy products such as spreads/butter alternatives with low saturated fat content.
The product has a wide application scope which includes bakery items, frozen desserts, dressings & sauces along with other food preparation areas such as cafes/restaurants and homes across various countries including India China Japan South Korea Indonesia Malaysia Philippines Thailand Vietnam Myanmar Australia New Zealand Pakistan Sri Lanka Bangladesh etc.). The Middle East & Africa is also anticipated to witness significant growth over next eight years on account of rising disposable income coupled with growing consumer awareness regarding health benefits associated with different types of butter spread products (saturated fat containing ones being replaced by healthier alternatives).
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in demand for convenient foods that are easy to prepare and can be consumed on the go. This is benefiting the household hard margarine market as it is a convenient and versatile product that can be used in a variety of dishes.
- Rising disposable incomes: A rise in disposable incomes has resulted in consumers becoming more willing to spend on premium products such as household hard margarine. This is providing opportunities for manufacturers to increase their sales by launching new products and marketing them effectively.
- Growing awareness of the health benefits of margarine: There is a growing awareness among consumers about the health benefits of consuming margarine, which is benefiting the household hard margarine market growth rate globally. Margarines are perceived as being healthier than butter, thus driving their demand among health-conscious consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Hard Margarine Market Research Report
By Type
Total Fats ≥ 70%, Total Fats < 70%
By Application
Online Sales, Offline Sales
By Companies
Unilever, Bunge, NMGK Group, ConAgra, Zydus Wellness, Wilmar-International, Fuji Oil, BRF, Yildiz Holding, Grupo Lala, NamChow, Cargill, COFCO, Uni-President, Mengniu Group, Yili Group, Brightdairy, Saputo Dairy UK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Household Hard Margarine Market Report Segments:
The global Household Hard Margarine market is segmented on the basis of:
Types
Total Fats ≥ 70%, Total Fats < 70%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Unilever
- Bunge
- NMGK Group
- ConAgra
- Zydus Wellness
- Wilmar-International
- Fuji Oil
- BRF
- Yildiz Holding
- Grupo Lala
- NamChow
- Cargill
- COFCO
- Uni-President
- Mengniu Group
- Yili Group
- Brightdairy
- Saputo Dairy UK
Highlights of The Household Hard Margarine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Total Fats ≥ 70%
- Total Fats < 70%
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Household Hard Margarine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Household hard margarine is a type of margarine that is made from vegetable oil. It has a harder texture than other types of margarine and it can be used as an alternative to butter in recipes.
Some of the major players in the household hard margarine market are Unilever, Bunge, NMGK Group, ConAgra, Zydus Wellness, Wilmar-International, Fuji Oil, BRF, Yildiz Holding, Grupo Lala, NamChow, Cargill, COFCO, Uni-President, Mengniu Group, Yili Group, Brightdairy, Saputo Dairy UK.
The household hard margarine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Hard Margarine Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Household Hard Margarine Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Household Hard Margarine Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Household Hard Margarine Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Household Hard Margarine Market Size & Forecast, 2020-2028 4.5.1 Household Hard Margarine Market Size and Y-o-Y Growth 4.5.2 Household Hard Margarine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Total Fats ≥ 70%
5.2.2 Total Fats < 70%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Hard Margarine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Household Hard Margarine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Total Fats ≥ 70%
9.6.2 Total Fats < 70%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Total Fats ≥ 70%
10.6.2 Total Fats < 70%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Total Fats ≥ 70%
11.6.2 Total Fats < 70%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Total Fats ≥ 70%
12.6.2 Total Fats < 70%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Total Fats ≥ 70%
13.6.2 Total Fats < 70%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Household Hard Margarine Market: Competitive Dashboard
14.2 Global Household Hard Margarine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Unilever
14.3.2 Bunge
14.3.3 NMGK Group
14.3.4 ConAgra
14.3.5 Zydus Wellness
14.3.6 Wilmar-International
14.3.7 Fuji Oil
14.3.8 BRF
14.3.9 Yildiz Holding
14.3.10 Grupo Lala
14.3.11 NamChow
14.3.12 Cargill
14.3.13 COFCO
14.3.14 Uni-President
14.3.15 Mengniu Group
14.3.16 Yili Group
14.3.17 Brightdairy
14.3.18 Saputo Dairy UK