New York, According to a new market research report published by Global Insight Services “Margarine Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Margarine is a type of butter that is made from vegetable oils. It is usually made from a blend of oils, such as soybean, cottonseed, and canola. Margarine is lower in saturated fat than butter, and it is often used as a butter substitute in baking and cooking.
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Key Trends
The key trends in Margarine technology are:
1. Increasing use of plant-based oils: In recent years, there has been an increasing trend toward the use of plant-based oils in margarine production. This is due to the growing awareness of the health benefits of plant-based oils, as well as the increasing availability of these oils.
2. Use of trans fats: Another key trend in margarine technology is the use of trans fats. Trans fats are created when vegetable oils are hydrogenated, and they have been shown to have a number of negative health effects.
Key Drivers
The key drivers of the margarine market are the health concerns associated with the consumption of butter, and the lower cost of margarine as compared to butter.
Margarine is perceived to be a healthier alternative to butter, as it is lower in saturated fats. This has led to an increase in demand for margarine, particularly among health-conscious consumers.
Market Segments
The margarine market is segmented by source, type, and region. By source, the market is classified into animal-based, and plant-based. Based on type, it is bifurcated into sticks, tubs, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global margarine market includes players such as Land O’ Lakes, Earth Balance, Yildiz Holding, Bluebonnet, Country Crock, I Can’t Believe It’s Not Butter!, Smart Balance, Parkay, Cargill, Upfield, and others.
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Reasons to buy Margarine Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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