Industrial Margarine Market size was over USD 2.75 billion in 2018 and industry expects consumption at over 2.85 million tons by 2025. Manufacturers are increasingly offering vegan-friendly products owing to rising environmental awareness and concerns regarding animal rights. Rising number of product launches in fat-free, low-fat and fortified varieties offering additional nutrients such as vitamin D should further stimulate market growth.
Global industrial margarine market size from convenience food should exceed USD 650 million up to 2025 pertaining to a substantial elderly population segment and adoption of fast-paced lifestyles. Changing consumer dietary preferences, shortage of time for cooking and growing food expenditure should fuel product demand. Various food manufacturers have developed innovative organic & functional ingredients which allow convenient consumption and advanced packaging which should trigger market growth. Growing consumption of premium convenience food rich in nutrients such as probiotics, fibers, proteins & vitamins along with increasing consumer tendency to sample various cuisines should drive industry growth.
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Global Industrial Margarine Market is expected to surpass USD 3.5 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing product adoption in baked food industry as a butter & oil substitute to meet increasing consumer demand for low calorie food products should fuel market growth. Rising awareness of various health disorders associated with butter consumption such as coronary artery disease, stroke, obesity, cancer and high blood pressure should stimulate product demand.
Global spreadable type market share surpassed USD 2.5 billion in 2018 owing to significant adoption in India, China, South Korea and Brazil on account of its affordability & potential for diverse uses. Increasing demand for vegan butter substitutes with low saturated fat and high nutrient content should stimulate market growth.
Germany soft industrial margarine demand surpassed USD 45 million in 2018 and should witness significant growth pertaining to rising product availability in grocery stores and supermarkets. This product finds routine adoption in various baked products such as cookies, cakes, pastries, and biscuits owing to its ability to improve flavor & mouthfeel. Growing adoption of healthy lifestyles and increasing consumption of nutritious & allergy-free bakery products should fuel market growth.
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