Margarine Market Growing Demand, Competition, Investment Opportunities & Forecast

The margarine market share is expected to witness growth at a CAGR of 4.9% and reach a valuation of USD 53.7 Billion by 2032.  Vegan margarine is sourced from vegetable oils like palm, soybean and is available in variants like low-fat, low calorie and low cholesterol as a result demand for this product is expected to rise shortly.  

As consumers adopted healthy lifestyle and decide to cut down extra calories from their daily food they are increasingly preferring low-fat spread that is way healthy than traditional butter. Such trends have boosted the plat-based products and margarine market trends as well.  

Margarine market key players are also emphasizing packaging and labelling as consumers analyze ingredients before purchasing products. Brands that are transparent about the components in the product are expected to gain consumer preference and strengthen the margarine market key trends and opportunities in the coming days.  

Due to availability of raw material sales of margarine is getting profitable for the producers. This price benefit is passed down to consumers, as a result, a surge in demand for margarine products due to its affordability is predicted for during the forecast years.  

Asia Pacific market is expected to be a promising market for margarine market players due to rising awareness about inclusion of nutritious food products and investments in research and developmental activities by the regional players.  

Key Takeaways from Market Study  

  1. The margarine market is expected to increase at CAGRs of 4.7% and 5% in North America and the Europe, respectively, through 2032.
  2. Market share of Latin America and Oceania is 5.1% and 4.9%, respectively, in 2022.
  3. The European margarine market is expected to reach US$ 4.2 Billion by the year 2032.
  4. Growing customer preference for healthy and plant-based nourishing food products to drive the sales of margarine across global markets.
  5. By form, plant-based margarine is expected to hold 60% of the global margarine market share and is expected to increase at a CAGR of 4.9%.

 “Manufacturers of margarine are expected to gain significant market share as consumer behaviour shifts towards plant-based, sugar-free products that are beneficial for health, key brands are focusing on developing new flavours and product variants to stand out in the competition” says a Future Market Insights analyst.  

Competitive Landscape  

Name of some of the margarine market major players profiled in the margarine market survey report includes Land O’ Lakes, Earth Balance, Imperial, Bluebonnet, Country Crock, I Can’t Believe It’s Not Butter, and Smart Balance Parkay among others  

Key manufacturers of margarine are majorly focusing on research & development to offer different flavours of products ranging customization is expected to contribute maximum revenue generation through sale of margarine.   

Change Foods revealed two strategic contracts: one with Upfield, the plant-based butter company that owns Violife, and the other with Sigma, the international yoghurt and Cheese Company. These collaborations are expected to help speed up product development and expand animal-free cheese manufacturing and distribution capabilities.   

Explore More Valuable Insights  

Future Market Insights, in its new report, offers an impartial analysis of the global margarine market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.  

Margarine Market by Category 

By Source, Margarine Market is Segmented as: 

  • Animal -Based 
  • Plant-Based 

By Form, Margarine Market is Segmented as: 

  • Sticks 
  • Liquid 
  • Tubs 
  • Cubes 

By Sales Channel, Margarine Market is Segmented as: 

  • Offline Sales Channel 
  • Supermarkets/Hypermarkets 
  • Departmental Stores 
  • Convenience Store 
  • Other Sales Channel 
  • Online Sales Channel 
  • Company Website 
  • E-commerce Platform 

By Region, Margarine Market is Segmented as: 

  • North America 
  • Latin America 
  • Europe 
  • East Asia 
  • South Asia 
  • Oceania 
  • MEA 

 About Food & Beverage Division at Future Market Insights  

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.  

Get more insights @ https://www.futuremarketinsights.com/reports/margarine-market

 



 

Comments

Post a Comment

Popular posts from this blog

Beverage Coaster Market Global Analytical Study, Growth Strategies, Size, Product Type, End User, Geography And Competitive Analysis

  Global Beverage Coaster - Market Overview: A beverage coaster is a small mat which is used for resting  beverages  upon it. Beverages coaster protects the surface, such as table from getting heated or dirty from the beverage kept in a glass, cup, bowl etc. Nowadays there has been a good demand for beverage coaster due to increase in the preferences of coffee shops, pubs, lounges, etc. by consumers where the most common food items sold are beverages. The beverage coasters are made of paper or foam which soaks the excess water of beverage cups, beer mugs, etc. and protect the surface of table. Even the beverage coaster are used for providing advertisement and trademarks of several brands. Beverage coasters are usually made of paperboard, tissue paper, foam, etc. which are expected to witness extensive growth during the forecast period 2017-2025. Global Beverage Coaster - Market Dynamics: In recent years, beverage coaster market have seen a noticeable growth due to the usage in h
Read more

Bottles Market Innovative Services And Advanced Applications, Future Growth Till 2032

  A comprehensive analysis on the Bottles market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Material, Capacity, End Use and Configuration over the next 10-years The global bottles market  is expected to reach a market valuation of  US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032. Future Market Insights (FMI) has predicted the bottles market size to top  US$ 108 Bn  in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic. These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic as preferred material, some of
Read more

Signage Market Forecast With Potential Impact, Despite Covid-19 Pandemic, Finds FMI 2022 - 2031

  The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages. Highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in the conventional retail. As per a study by Future Market Insights (FMI), this will create attractive scope for the expansion of the  signage market  between 2021 and 2031. Signage for retail stores can be made in different sizes and forms based on location of installation and intent of the business, but they all have the same purpose to attract customers and increase the awareness about the brand. Signage design plays a vital part in increasing the sales of the business. Signage design is the first brand impression that many customers remember about a brand. A good signage communicates products and services of company and what can a customer can expect from the company. For instance, McDonald's em
Read more