Market Overview:
The global industrial hard margarine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for convenience food and bakery products, rising awareness about health benefits of consuming margarine, and growing economies in developing countries. The spreadable segment is expected to account for the largest share of the global industrial hard margarine market in 2018, followed by all-purpose and butter blend segments. The bakery application segment is expected to account for the largest share of the global industrial hard margarine market in 2018, followed by spreads, sauces, and toppings; confectionery; convenience food; and others segments. North America is expected to account for the largest share of the global industrial hard margarine market in 2018, followed by Europe; Asia Pacific; Latin America; Middle East & Africa (MEA).
Product Definition:
Industrial hard margarine is a type of margarine that is used in industrial settings. It has a higher melting point than regular margarine, making it ideal for use in situations where high temperatures are common. Industrial hard margarine is also more durable than regular margarine, making it better suited for use in food production and other industrial applications.
Spreadable:
This study aims at providing insights into the growth of spreadable products in the industrial hard margarine market. The research study encompasses a competitive landscape of the industry, which has been segmented based on product type and usage. The market revenue analysis and strategic developments of key companies have been done by using various sources including company press releases, annual reports, internet databases, etc.
All Purpose:
All purpose is a type of emulsifier used in industrial hard margarine. It helps to combine oil and water, which makes it smooth and homogenous. All-purpose also has the ability to bind ingredients together, which increases its shelf life as well as improves stability during mixing processes.
It can be made from animal or vegetable fats; however, vegetable sources are preferred owing to their environment friendliness.
Application Insights:
Bakery was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. Hard margarine acts as a vital ingredient in bakery production as it improves the texture, enhances volume, and provides moisture retention properties to baked products. These factors are likely to propel demand from bakery applications over the coming years.
The sauces and toppings segment accounted for more than 15% of global revenue share in 2017 owing to increasing popularity of fast food joints across various regions including North America and Europe. The convenience food industry is one of the major consumers of hard margarine as they offer functional benefits such as longer shelf life stability at lower temperatures along with improved taste when compared with butter or other vegetable oils used traditionally for cooking purposes.
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 30.0% of the total revenue share. The region is expected to witness a significant growth rate of 2.9% over the forecast period on account of increasing demand for bakery and confectionery products as well as spreads across countries, such as Germany, U.K., France, Italy and Spain among others.
Asia Pacific is expected to expand at a CAGR exceeding 3.0% from 2018 to 2030 owing to rising consumer spending power along with increasing per capita income levels in emerging economies including China.
Growth Factors:
- Increasing demand for convenience foods: The industrial hard margarine market is expected to benefit from the increasing demand for convenience foods, as it is a versatile ingredient that can be used in a variety of applications.
- Rising awareness about the health benefits of consuming margarine: There has been a rising awareness about the health benefits of consuming margarine, which is likely to boost the demand for industrial hard margarine in the coming years.
- Growing popularity of plant-based diets: The growing popularity of plant-based diets is another key growth driver for the industrial hard margarine market, as this type of diet typically requires more vegan-friendly ingredients like vegetable oils and fats.
- Technological advancements in production processes: The technological advancements in production processes are also expected to drive growth in the global industrial hard margarine market over the forecast period. This includes innovations such as 3D printing technology that can help reduce wastage and improve efficiency during production processses . 5) Rising disposable income levels among consumers: Another key factor driving growth in th eindustrial hard Margarinemarket is rising disposable income levels among consumers, which allows them to spend more on premium food products like high qualitymargarines
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Hard Margarine Market Research Report
By Type
Spreadable, All Purpose, Butter Blend
By Application
Bakery, Spreads, Sauces, and Toppings, Confectionery, Convenience Food, Others
By Companies
Congara (US), Bunge (Germany), Puratos (Belgium), Associated British Foods (US), Fuij Oil (Japan), Richardson International (Italy), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), Congara (US), Wilmar International (Singapore)
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Hard Margarine Market Report Segments:
The global Industrial Hard Margarine market is segmented on the basis of:
Types
Spreadable, All Purpose, Butter Blend
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
Bakery, Spreads, Sauces, and Toppings, Confectionery, Convenience Food, Others
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:
- Congara (US)
- Bunge (Germany)
- Puratos (Belgium)
- Associated British Foods (US)
- Fuij Oil (Japan)
- Richardson International (Italy)
- Royale Lacroix (Belgium)
- Aigremont (Belgium)
- Vandemoortele (Belgium)
- NMGK Group (Russia)
- Congara (US)
- Wilmar International (Singapore)
Highlights of The Industrial 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:
- Spreadable
- All Purpose
- Butter Blend
- By Application:
- Bakery
- Spreads, Sauces, and Toppings
- Confectionery
- Convenience Food
- Others
- 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 Industrial 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
- Market Entry Strategies
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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?
Industrial hard margarine is a type of margarine that is made from vegetable oil. It is usually less processed than other types of margarine, which makes it have a higher fat content.
Some of the major companies in the industrial hard margarine market are Congara (US), Bunge (Germany), Puratos (Belgium), Associated British Foods (US), Fuij Oil (Japan), Richardson International (Italy), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), Congara (US), Wilmar International (Singapore).
The industrial hard margarine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial 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 Industrial Hard Margarine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Hard Margarine Market Size & Forecast, 2020-2028
4.5.1 Industrial Hard Margarine Market Size and Y-o-Y Growth
4.5.2 Industrial 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 Spreadable
5.2.2 All Purpose
5.2.3 Butter Blend
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 Bakery
6.2.2 Spreads
6.2.3 Sauces
6.2.4 and Toppings
6.2.5 Confectionery
6.2.6 Convenience Food
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Spreadable
9.6.2 All Purpose
9.6.3 Butter Blend
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 Bakery
9.10.2 Spreads
9.10.3 Sauces
9.10.4 and Toppings
9.10.5 Confectionery
9.10.6 Convenience Food
9.10.7 Others
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 Spreadable
10.6.2 All Purpose
10.6.3 Butter Blend
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 Bakery
10.10.2 Spreads
10.10.3 Sauces
10.10.4 and Toppings
10.10.5 Confectionery
10.10.6 Convenience Food
10.10.7 Others
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 Spreadable
11.6.2 All Purpose
11.6.3 Butter Blend
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 Bakery
11.10.2 Spreads
11.10.3 Sauces
11.10.4 and Toppings
11.10.5 Confectionery
11.10.6 Convenience Food
11.10.7 Others
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 Spreadable
12.6.2 All Purpose
12.6.3 Butter Blend
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 Bakery
12.10.2 Spreads
12.10.3 Sauces
12.10.4 and Toppings
12.10.5 Confectionery
12.10.6 Convenience Food
12.10.7 Others
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 Spreadable
13.6.2 All Purpose
13.6.3 Butter Blend
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 Bakery
13.10.2 Spreads
13.10.3 Sauces
13.10.4 and Toppings
13.10.5 Confectionery
13.10.6 Convenience Food
13.10.7 Others
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 Industrial Hard Margarine Market: Competitive Dashboard
14.2 Global Industrial Hard Margarine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Congara (US)
14.3.2 Bunge (Germany)
14.3.3 Puratos (Belgium)
14.3.4 Associated British Foods (US)
14.3.5 Fuij Oil (Japan)
14.3.6 Richardson International (Italy)
14.3.7 Royale Lacroix (Belgium)
14.3.8 Aigremont (Belgium)
14.3.9 Vandemoortele (Belgium)
14.3.10 NMGK Group (Russia)
14.3.11 Congara (US)
14.3.12 Wilmar International (Singapore)
