Product ID: SQMIG30H2037
Report ID:
SQMIG30H2037 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|
Tables:
118 |
Figures:
77
North America held the largest Global Industrial Margarine Market share in 2021. Due to the increased prevalence of ailments including high blood pressure, constipation, and diabetes that have been driving the market for industrial margarine, the market is primarily driven by health-conscious consumers. Margarine is a common ingredient used in the creation of many food items in this region by the food processing industry. The worldwide industrial market in North America is anticipated to be driven by the increase in margarine products being introduced by margarine makers, such as additive-free, fat-free, low-fat, and fortified margarine. As a result of the excessive use of dairy-based fats, diseases associated with busy lifestyles such as obesity, diabetes, cancer, hypertension, and others are on the rise. This has caused consumers to turn to healthier alternatives. Therefore, the food manufacturers in the aforementioned location are concentrating on creating margarine products without any trans-fat.
Asia Pacific is expected to register the highest growth rate during the forecast period. The expansion of industry and changes in the global food market have given the market in this region new opportunities. To appeal to consumers who are price conscious and spur market revenue development, some businesses in the Asia Pacific region provide small-packaged items. In order to reduce supply costs and improve efficiency, which might increase product demand, several international candy manufacturers have moved their operations to the area. Additionally, the region in question has significant consumption due to the existence of several end-user businesses for both industrial and retail margarine.
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REQUEST FREE CUSTOMIZATIONIndustrial Margarine Market size was valued at USD 2.54 billion in 2019 and is poised to grow from USD 2.64 billion in 2023 to USD 3.93 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
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Product ID: SQMIG30H2037