Global Pastry Margarine Market Size To Worth USD 1.92 Billion By 2033 | CAGR of 5.08%
Category: Food & BeveragesGlobal Pastry Margarine Market Size To Worth USD 1.92 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Pastry Margarine Market Size is Expected to Grow from USD 1.17 Billion in 2023 to USD 1.92 Billion by 2033, at a CAGR of 5.08% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 240 pages with 105 Market data tables and figures & charts from the report on the "Global Pastry Margarine Market Size, Share, and COVID-19 Impact Analysis By Product Type (All-Purpose Pastry Margarine, Puff Pastry Margarine, Shortcrust Pastry Margarine, and Others), By Application (Bakery, Confectionery, Foodservice, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pastry-margarine-market
The pastry margarine market is the worldwide industry that manufactures and sells specialized margarine meant for use in bakeries. Danish pastries, croissants, and puff pastries are among baked goods whose texture, flakiness, and shelf life are all enhanced by pastry margarine. The market for pastry margarine is being driven by high-quality bakery products, inexpensive butter alternatives, and convenient meals. Trans-fat-free products, plant-based formulations, and reasonably priced butter alternatives are in high demand, which is driving the pastry margarine market. Health-conscious consumers looking for plant-based and dairy-free options are driving demand for this product. The market expansion for pastry margarine is also being driven by rising consumer awareness of health risks. Manufacturers are responding to this trend by introducing margarine types that include fewer trans fats and more beneficial components like omega-3 fatty acids. The pastry margarine market is expected to keep expanding as a result of this shift to healthier options. However, growth and acceptance in the pastry margarine market are restricted by regulatory limitations, health issues, the cost of raw materials, rivalry, and low consumer awareness.
The all-purpose pastry margarine segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product type, the pastry margarine market is classified into all-purpose pastry margarine, puff pastry margarine, shortcrust pastry margarine, and others. Among these, the all-purpose pastry margarine segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Commercial and home baking both frequently utilize all-purpose pastry margarine because of its many uses.
The bakery segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the pastry margarine market is divided into bakery, confectionery, foodservice, and others. Among these, the bakery segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The demand for pastry margarine in this market is further driven by the ongoing innovation in baked products as well as the introduction of new tastes and variations.
North America is estimated to hold the largest share of the pastry margarine market over the forecast period.
Get more details on this report -
North America is estimated to hold the largest share of the pastry margarine market over the forecast period. The growth is facilitated by the existence of top margarine producers and ongoing innovation in baked goods. Additionally, the growing popularity of baking at home and the need for healthier margarine substitutes support the North America market.
Asia Pacific is predicted to grow at the fastest CAGR growth in the pastry margarine market over the forecast period. The bakery and restaurant sectors are rapidly expanding in important regions including China, India, and Japan. The growing use of margarine in baking and cooking in the home is another factor driving the market's expansion in Asia Pacific.
Major key players in the pastry margarine market include Bunge Limited, IFFCO Group, Vandemoortele, Kerry Group plc, Mewah Group, AAK AB, Puratos Group, NMGK Group, Fuji Oil Holdings Inc., Cargill, Incorporated, Conagra Brands, Inc., Upfield Holdings B.V., Associated British Foods plc, Wilmar International Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2023, in launching ADELA Margarine, the newest addition to its line of fast-moving consumer goods, FGV Holdings Berhad (FGV) is increasing its footprint in the booming Middle East and North Africa (MENA) market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the pastry margarine market based on the below-mentioned segments:
Global Pastry Margarine Market, By Product Type
- All-Purpose Pastry Margarine
- Puff Pastry Margarine
- Shortcrust Pastry Margarine
- Others
Global Pastry Margarine Market, By Application
- Bakery
- Confectionery
- Foodservice
- Others
Global Pastry Margarine Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?