Scope of the Study
Margarine is a vegetable-oil-based, butter-flavoured spread which contains 80% oil. In other words, Block margarine is non-dairy based spread which is used in the food industry. In many cases it is used as a substitute for butter. In addition, is used in pastries, donuts, cookies, and other food products. Block margarine is a water-in-fat emulsion which Consists of refined vegetable oil and water. It is available in various fat concentrations. Moreover, its hardness is same as butter and packed in paper wrapping.
The market study is being classified by Type (Soft block margarine and Hard block margarine), by Application (Bakery, Confectionaries, Toppings, Spreads and Others) and major geographies with country level break-up.
Unilever (United Kingdom), Bunge Limited (United States), ConAgra Foods, Inc. (United States), Dairy Crest Group plc (United Kingdom), Zydus Cadila (India), Wilmar International Limited (Singapore), Goodman Fielder (Australia), Fuji Oil Company, Ltd. (Japan), Brasil Foods S.A. (Finland), Yildiz Holding etc. (Turkey) and AAK (Sweden) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Block Margarine market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Block Margarine market by Type, Application and Region.
On the basis of geography, the market of Block Margarine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Wide Range of Applications Such as Bakery, and Confectionery
- Health Benefits as it Avoids Cardiovascular Diseases as Compared to Butter
- Inclination of Consumers Towards Healthy Foods
- Availability of Alternative Food Products
- Increasing Usage of Low-Fat Products is Boosting the Market
- Ability of Adding Functional Ingredients and Flavors
- Increasing Competition Due to Presence of Major Players
Market Leaders and their expansionary development strategies
On March 2020, AAK has acquired NPO Margaron which is a Russia-based producer of margarine, spreads, and bakery and confectionery fats. This strengthens its position in the region, as it will allow the company to move closer to several major clients which have developed a strong presence in the Russian market
On July 2020, Flora has launched 100% vegan butter Flora Plant range which is a big step for a margarine brand. It is made from sunflower, rapeseed and palm oil and will be available in two flavours, salted and unsalted.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organisations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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