Industrial Margarine Market - Forecast 2021 - 2026
Industrial Margarine Market Overview: Industrial Margarine is used for industrial baking, flavoring, and other cooking purposes. The industrial margarine market size is estimated to be 2.34 billion in 2018. It is expected to grow at a CAGR of 3.7% during the forecast period from 2019 to 2025. This growth can be attributed to the lower price compared to butter and growing usage of margarine in industrial applications. The changing health perceptions of consumers is also contributing the switch from butter to margarine. Key Takeaways: Rising health awareness and health conscious food consumption is driving the industrial margarine marketHealth awareness is high among consumers and they are consuming food that is healthy. This health conscious food consumption is also contributing to the growth of industrial margarine market. Industrial margarine is finding main application in bakery products as consumers want low fat and low calorie alternatives to butter. Margarine is commonly used as...