Global Margarine market is expected to reach 10258 million USD by the end of 2024 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database
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Currently, lots of companies in the world produce margarine product, mainly concentrating in USA and Europe. The main market players are Unilever, Bunge, NMGK Group, ConAgra, Zydus Cadila, etc. The market volume of margarine decreased from 2155 K MT in 2013 to 2078 K MT in 2017, with an average growth rate of -0.89%. The main reason is that people believe that butter will be better generally.
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In consumption market, the entire global market is shrinking. This phenomenon is evident in the United States and Western European countries. In the Asia-Pacific region, especially in China and India. Economic development is good. There will be a slight increase. Because of the base is too small. It is difficult to change the global market trend. Margarine can be classified as two types, including Special Type and Universal Type. It can be widely used in household and food industry. Survey results showed that 15.9% of the margarine market is household, 83% is used in food industry.
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The major raw material for margarine is soybean oil, corn oil and palm oil, etc. On the global market, supply of raw materials is sufficient. But the proportion of raw material costs reached 84%. Fluctuations in the price of the upstream product will impact on the production cost of margarine industry. We think that with the change of people's life concept. Demand in the United States and other places in Europe will continue to decline. However, China, India, and Japan still have a lot of market potential.
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The global Margarine market is valued at 10943 million USD in 2017 and is expected to reach 10258 million USD by the end of 2024, growing at a CAGR of -0.59% between 2019 and 2024.
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