Asia Pacific Industrial Margarine Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Industrial Margarine Market is estimated to reach USD 0.86 billion by 2033 with a CAGR of 3.44%.
The report includes an in-depth analysis of the Asia Pacific Industrial Margarine Market, including market size and trends, product mix, distribution channels, and supplier analysis. Margarine is a synthetic and processed substitute for butter that is commonly used in the food industry and in households as a less expensive alternative to natural fats. It is typically made up of vegetable oils, such as soybean, palm, or sunflower oil, which are hydrogenated to solidify at room temperature. This hydrogenation produces trans fats, which can be harmful to one's health if taken in excessive numbers. Emulsifiers, preservatives, and artificial flavors are frequently added to the mixture to improve the texture and flavour.
- Developing Dietary Patterns: As disposable incomes rise and lifestyles alter, dietary tastes have shifted toward western-style meals, which frequently include baked products and processed foods including margarine. This shift in eating patterns has resulted in an increase in demand for margarine-based goods in the region.
- Developing Bakery and Confectionery sectors: Due to increased consumer indulgence and gifting culture, the bakery and confectionery sectors are experiencing substantial expansion in the Asia Pacific area. Industrial margarine is an important ingredient in many bakery products such as cakes, pastries, and biscuits, which drives up demand in the region.
Market Opportunities and Challenges
The Asia Pacific industrial margarine industry has considerable market opportunity as well as difficulties for both manufacturers and investors. On the opportunity front, the region's vast and fast growing population, combined with rising disposable incomes and urbanization, generates a sizable consumer base for processed food goods such as industrial margarine. The growing popularity of Western-style diets, as well as the rise of the foodservice industry, drive up demand for margarine-based goods.
However, the Asia Pacific industrial margarine market faces a number of challenges. One key challenges is the growing awareness and worry about the health concerns connected with trans fats, which are commonly included in standard hydrogenated margarines. This has spurred regulatory bodies in certain countries to put restrictions or labeling requirements on trans fats, prompting producers to reformulate their goods to decrease or eliminate trans fats. Adapting to changing rules and consumer expectations while maintaining product quality can be a difficult issue for margarine manufacturers.
Market Competitive Landscape
The market is extremely competitive, driven by expanding demand for margarine in various food processing businesses as well as the region's growing popularity of baked goods and processed meals. The key players in the Asia Pacific Industrial Margarine market include Associate British Foods, Bunge Limited, Conagra Brands Inc, EFKO Group, Fuji Oil Europe, Puratos and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Type, By Source, By Form
|
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia Pacific
|
| Companies Covered | Associate British Foods, Bunge Limited, Conagra Brand Inc, EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortel, Wilmar International Ltd.
|
COVID-19 Impact on Asia Pacific Industrial Margarine Market
The Asia Pacific industrial margarine market has been significantly impacted by the COVID-19 epidemic. The region, like the rest of the world, saw interruptions in supply chains, manufacturing processes, and consumer behavior as a result of the pandemic's lockdowns, restrictions, and economic uncertainty. During the early stages of the pandemic, the foodservice industry, a key consumer of industrial margarine, encountered significant issues as restaurants, cafes, and hotels were forced to close or operate at reduced capacity. As a result, demand for margarine in foodservice applications decreased. However, the epidemic influenced consumer behavior, leading to a desire for packaged and convenience meals.
Key Target Audience:
- Food Manufacturers
- Foodservice Providers
- Retailers and Supermarkets
- Wholesale Distributors
- Food Exporters and Importers
Our in-depth analysis of the Asia Pacific Industrial Margarine Market includes the following segments:
|
By Application:
|
Bakery
Confectionary
Convenience Food
Spreads, sauces and toppings
|
|
By Type:
|
All-Purpose Industrial Margarine
Butter Blend
Spreadable Margarine
|
|
By Source:
|
Animal Source
Plant Source
|
|
By Form:
|
Hard Industrial Margarine
Soft Industrial Margarine
|
Key Topics Covered in the Report:
- Asia Pacific Industrial Margarine Market Size (FY’2023-FY’2033)
- Overview of Asia Pacific Industrial Margarine Market
- Segmentation of Asia Pacific Industrial Margarine Market By Application (Bakery, Spreads, Sauces and Toppings, Confectionary, Convenience Food, Others)
- Segmentation of Asia Pacific Industrial Margarine Market By Type (Spreadable Margarine, All-Purpose Industrial Margarine, Butter Blend, Others)
- Segmentation of Asia Pacific Industrial Margarine Market By Source (Animal Source, Plant Source)
- Segmentation of Asia Pacific Industrial Margarine Market By Form (Hard Industrial Margarine, Plant Source)
- Statistical Snap of Asia Pacific Industrial Margarine Market
- Expansion Analysis of Asia Pacific Industrial Margarine Market
- Problems and Obstacles in Asia Pacific Industrial Margarine Market
- Competitive Landscape in the Asia Pacific Industrial Margarine Market
- Impact of COVID-19 and Demonetization on Asia Pacific Industrial Margarine Market
- Details on Current Investment in Asia Pacific Industrial Margarine Market
- Competitive Analysis of Asia Pacific Industrial Margarine Market
- Prominent Players in the Asia Pacific Industrial Margarine Market
- SWOT Analysis of Asia Pacific Industrial Margarine Market
- Asia Pacific Industrial Margarine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Industrial Margarine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Industrial Margarine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Industrial Margarine Market
7. Asia Pacific Industrial Margarine Market, By Application (USD Million)
7.1. Asia Pacific Industrial Margarine Market Value Share and Forecast, By Application, 2023-2033
7.2. Bakery
7.3. Confectionary
7.4. Convenience Food
7.5. Spreads, sauces and toppings
7.6. Others
8. Asia Pacific Industrial Margarine Market, By Type (USD Million)
8.1. Asia Pacific Industrial Margarine Market Value Share and Forecast, By Type, 2023-2033
8.2. All-Purpose Industrial Margarine
8.3. Butter Blend
8.4. Spreadable Margarine
8.5. Others
9. Asia Pacific Industrial Margarine Market, By Source (USD Million)
9.1. Asia Pacific Industrial Margarine Market Value Share and Forecast, By Source, 2023-2033
9.2. Animal Source
9.3. Plant Source
10. Asia Pacific Industrial Margarine Market, By Form (USD Million)
10.1. Asia Pacific Industrial Margarine Market Value Share and Forecast, By Form, 2023-2033
10.2. Hard Industrial Margarine
10.3. Soft Industrial Margarine
11. Asia Pacific Industrial Margarine Market Forecast, 2019-2033 (USD Million)
11.1. Asia Pacific Industrial Margarine Market Size and Market Share
12. Asia Pacific Industrial Margarine Market, By Application, 2019-2033 (USD Million)
12.1. Asia Pacific Industrial Margarine Market Size and Market Share by Application (2019-2026)
12.2. Asia Pacific Industrial Margarine Market Size and Market Share by Application (2027-2033)
13. Asia Pacific Industrial Margarine Market, By Type, 2019-2033 (USD Million)
13.1. Asia Pacific Industrial Margarine Market Size and Market Share by Type (2019-2026)
13.2. Asia Pacific Industrial Margarine Market Size and Market Share by Type (2027-2033)
14. Asia Pacific Industrial Margarine Market, By Source, 2019-2033 (USD Million)
14.1. Asia Pacific Industrial Margarine Market Size and Market Share by Source (2019-2026)
14.2. Asia Pacific Industrial Margarine Market Size and Market Share by Source (2027-2033)
15. Asia Pacific Industrial Margarine Market, By Form, 2019-2033 (USD Million)
15.1. Asia Pacific Industrial Margarine Market Size and Market Share by Form (2019-2026)
15.2. Asia Pacific Industrial Margarine Market Size and Market Share by Form (2027-2033)
16. Asia Pacific Industrial Margarine Market, By Region, 2019-2033 (USD Million)
16.1. Asia Pacific Industrial Margarine Market Size and Market Share by Region (2019-2026)
16.2. Asia Pacific Industrial Margarine Market Size and Market Share by Region (2027-2033)
16.3. Australia
16.4. China
16.5. India
16.6. Japan
16.7. South Korea
16.8. Rest of Asia Pacific
17. Company Profile
17.1. Associate British foods
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Bunge Limited
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Conagra Brands, Inc.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. EFKO Group
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Fuji Oil Europe
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. NMGK Group
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Puratos
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Richardson International Limited
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Vandemoortel
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Wilmar International Ltd.
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope