Margarine
is used as a substitute of butter, but the taste and properties
varies a lot. Butter consists of water, proteins and butterfat
whereas margarine is made up of refined vegetables oil, at times
animal fat. Butter and margarine are used for baking and cooking or
as spreads in a variety of dishes to improve its taste.
Higher
consumption of margarine in developing countries is the key driver
driving the market for global
butter and margarine market. In addition, growing food service
industry and lot of product innovation are the other factors
responsible for the growth in demand of butter and margarine market.
Apart from this, changing consumer habits is also contributing to the
increasing demand for butter and margarine market globally. There is
increase in demand for butter and margarine market due to shift in
consumer preference from processed food to natural food. Moreover,
increasing home baking trends drives the demand for butter and
margarine market.
Increasing
number of cases of obesity and rising health concern are the major
factors restraining the demand for butter and margarine globally.
There is decrease in the consumption of butter and margarine in
developed region due to heath awareness program and increasing
obesity. In addition, government regulation in different region for
butter and margarine is also expected to restrain the demand for the
global butter and margarine market.
Global
butter and margarine market by usage is segmented into two categories
based on consumption including non-spreadable and spreadable. By
product type the butter and margarine market is segmented into
whipped and cream butter, uncultured butter, cultured butter, liquid
margarines, butter margarines and others margarine. Demand for
margarine is less in comparison to butter as margarine consists of
additives.
Download
the Butter
and Margarine Industry
Fact Sheet by
2023:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4780
The
global butter and margarine market is expected to see robust growth
in the forecast period. Leading industries such as BakeMark UK
introduced baking fats that are used in pastries and cakes. Baking
fat includes of butter and margarine. Some margarine companies
supported their products by highlighting that their goods lack trans
fat. North America held the largest market share in terms of revenue.
Increasing consumption of butter and margarine due to number of
innovative products in the market is expected to drive the butter and
margarine market of North America over the forecast period Asia
Pacific is anticipated to register the highest growth over the
forecast period. Increasing consumption of margarine in developing
countries is expected to drive the butter and margarine market of
Asia Pacific over the forecast period. In Asia Pacific, China holds
the leading position followed by India. Decreasing price between
butter and margarine in China and India is expected to drive the
market for butter and margarine during the forecast period.
The
global butter and margarine market is fragmented with huge number of
small companies dominating the market. However, there is a presence
of some large corporations. Some of the key players operating in the
butter and margarine market are Farmers Cooperative Creamery, Arla
Foods, Kraft Foods, OJSC Creative Group, AMUL India, Deam Foods
Company and Friesland Campina.
No comments:
Post a Comment