The Industrial Margarine market size will grow from USD 2.21 billion in 2017 to USD 2.78 billion by 2023, at an estimated CAGR of 3.9%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023

Factors such as lower prices of margarine as well as lower fat content as compared to butter are driving the industrial margarine industry. In addition to this, the rapid growth of the bakery and confectionery industries in rapidly developing economies is projected to drive the demand for industrial margarine. On the basis of application, the bakery industry accounted for the largest share, followed by the confectionery industry, in 2017. The growth in the bakery, confectionery, and convenience food sectors is fueling the demand for margarine as it is a cost-effective substitute for butter. The industrial margarine market, on the basis of type, is segmented into spreadable, all purpose, and butter blend margarine. The all purpose segment accounted for the largest market share in 2017 as it can be used for baking, frying, and spreading. It is widely used for in the bakery products industry.

By Market Players:
Conagra , Bunge , Puratos , Wilmar International , Associated British Foods , Fuji Oil , Vandemoortele , NMGK Group , EFKO Group , Royale Lacroix , Richardson International , Aigremont

By Application
Bakery , Spreads, Sauces, and Toppings , Confectionery , Convenience Food , Others

By Type
Spreadable Margarine , All-Purpose Industrial Margarine , Butter Blend

By Source
Animal Source , Plant Source

By Form
Hard Industrial Margarine , Soft Industrial Margarine

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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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