Butter and Margarine Market Size, Trends and Outlook

The Industrial Margarine Global Market Report 2023, provides comprehensive information on the industrial margarine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Industrial Margarine Global Market Report 2023, the global industrial margarine market is expected to grow from $2.52 billion in 2022 to $2.66 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial margarine market is expected to reach $3.19 billion in 2027 at a CAGR of 4.7%.

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Technological advancements are the key trend gaining popularity in the industrial margarine market. Major companies operating in the industrial margarine market focus on developing new technologies to increase industrial margarine’s functionality and applications. For instance, in March 2021, Grüninger AG, a Switzerland-based margarine and fat bakery producer, launched an innovative custom-flavoring process to make palm-free, vegan, and vegetarian margarine in which any off-note aromas are effectively flavor disguised. It relies on cooling drum technology and includes natural rosemary extract-derived antioxidants that can be custom-flavored to match specific applications. Additionally, the neutralized fats, in addition to maintaining the flavor of margarine, vegetable, and animal oils and fats, overcome the frequent challenges that occur when solid palm fat is replaced with other oils; lengthen the product’s shelf life; boost heat stability during baking; and provide an optimum mouthfeel.

The industrial margarine market 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

North America was the largest region in the industrial margarine market in 2022.

The table of contents in TBRC’s industrial margarine market report includes:

1. Executive Summary
2. Industrial Margarine Market Characteristics
3. Industrial Margarine Market Trends And Strategies
4. Industrial Margarine Market – Macro Economic Scenario
5. Global Industrial Margarine Market Size and Growth

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32. Global Industrial Margarine Market Competitive Benchmarking
33. Global Industrial Margarine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Margarine Market
35. Industrial Margarine Market Future Outlook and Potential Analysis
36. Appendix

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