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Asia Pacific Industrial Hard Margarine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spreadable, All-Purpose, Butter Blend) and Application [Bakery and Confectionery (Cookies and Biscuits, Cakes, Flaky Pastries, and Other Bakery and Confectionery), RTE and RTC Food, Meat and Dairy Substitutes, and Others]

April 2023 | 137 pages | ID: ADFD8FA56866EN
The Insight Partners

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The Asia Pacific industrial hard margarine market is expected to grow from US$ 581.41 million in 2022 to US$ 723.15 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2022 to 2028.

Product Innovation to Address Concerns Related to Margarine Ingredients Will Drive the Industrial Hard Margarine Market

Consumers are becoming increasingly conscious about what they eat. They are paying more attention to product labels owing to their preference for products with cleaner ingredients. Moreover, they avoid food with higher fat and calorie content to achieve their health goals. Margarine manufacturers are developing innovative products with improved quality and label claims to address the rising concerns related to the presence of trans fat, palm oil, and animal-based ingredients. Manufacturers are also developing new technologies to launch palm-free margarine with no undesirable flavors. Rapeseed oil and other alternatives to palm oil are associated with various challenges, including intense organoleptic properties, high oxidation potential, and individual processing requirements. In March 2021, Grьninger AG, a Swiss producer of industrial and commercial margarine, developed a new technology to launch palm-free, vegan/vegetarian margarine, in which off-note flavors are effectively masked. The new process developed by Grьninger AG helps in masking the undesirable flavors of palm oil alternatives by using the natural antioxidant derived from rosemary extract. Such new technologies are expected to provide potential growth opportunities to the manufacturers of industrial hard margarine.

Asia Pacific Industrial Hard Margarine Market Overview

The industrial hard margarine market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The growth of the market in Asia Pacific is attributed to the growing food & bakery industry, increasing demand for low-cost alternatives for butter, and changing consumer preference for healthier alternatives. The region holds promising growth potential for the industrial hard margarine market players due to the flourishing food industry and rising foreign investment. The demand for industrial hard margarine is growing with the rising popularity of the western diet and increased demand for ready-to-eat and ready-to-cook products in China, India, Japan, and other countries in Asia Pacific.

In Asia Pacific, the demand for all forms of ready-to-eat or convenience food and beverage products has increased significantly owing to busy lifestyles and the surge in the working population in countries such as India and Japan. As a result, the food processing industry is expected to have significant growth, and it will generate new opportunities for investment and exports. The food processing industry is using industrial hard margarine as a low-cost alternative for butter due to its various benefits, such as low fat and low cholesterol. All these factors are anticipated to boost the industrial hard margarine market growth.

Asia Pacific Industrial Hard Margarine Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Industrial Hard Margarine Market Segmentation

The Asia Pacific industrial hard margarine market is segmented into type, application, and country.

Based on type, the Asia Pacific industrial hard margarine market is sub segmented into spreadable, all-purpose, and butter blend. The all-purpose segment held the largest market share in 2022.

Based on application, the Asia Pacific industrial hard margarine market is segmented into [bakery and confectionery (cookies and biscuits, cakes, flaky pastries, and other bakery and confectionery), RTE and RTC food, meat and dairy substitutes, and others]. The bakery and confectionery segment held the largest market share in 2022.

Based on country, the Asia Pacific industrial hard margarine market is segmented into China, Japan, India, Australia, South Korea, and Rest of Asia Pacific. The Rest of Asia Pacific dominated the market in 2022.

Bunge Ltd; Puratos NV; Fuji Oil Co Ltd; AAK AB; and Wilmar International Ltd are the leading companies operating in the Asia Pacific industrial hard margarine market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:

4. ASIA PACIFIC INDUSTRIAL HARD MARGARINE MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 End Users
4.4 Expert Opinion

5. ASIA PACIFIC INDUSTRIAL HARD MARGARINE MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Rising Demand for Margarine as a Low-Cost Alternative to Butter
5.2 Market Opportunities
5.2.1 Product Innovation to Address Concerns Related to Margarine Ingredients
5.3 Impact Analysis of Drivers and Restraints

6. INDUSTRIAL WORKWEAR AND GEAR – ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)

7. ASIA PACIFIC INDUSTRIAL HARD MARGARINE MARKET ANALYSIS – BY TYPE

7.1 Overview
7.2 Asia Pacific Industrial Hard Margarine Market, By Type (2021 and 2028)
7.3 Spreadable
7.3.1 Overview
7.3.2 Spreadable: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
7.4 All-Purpose
7.4.1 Overview
7.4.2 All-Purpose: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Butter Blend
7.5.1 Overview
7.5.2 Butter Blend: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)

8. ASIA PACIFIC INDUSTRIAL HARD MARGARINE MARKET ANALYSIS – BY APPLICATION

8.1 Overview
8.2 Asia Pacific Industrial Hard Margarine Market, By Application (2021 and 2028)
8.3 Bakery and Confectionery
8.3.1 Overview
8.3.2 Bakery and Confectionery: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3 Cookies and Biscuits
8.3.3.1 Overview
8.3.3.2 Cookies and Biscuits: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.3.4 Cakes
8.3.4.1 Overview
8.3.4.2 Cakes: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.3.5 Flaky Pastries
8.3.5.1 Overview
8.3.5.2 Flaky Pastries: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.3.6 Other Bakery and Confectionery
8.3.6.1 Overview
8.3.6.2 Other Bakery and Confectionery: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.4 RTE and RTC Food
8.4.1 Overview
8.4.2 RTE and RTC Food: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Meat and Dairy Substitutes
8.5.1 Overview
8.5.2 Meat and Dairy Substitutes: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)

9. ASIA PACIFIC INDUSTRIAL HARD MARGARINE MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 Asia Pacific: Industrial Hard Margarine Market, by Key Country
9.1.1.1 China: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 China: Industrial Hard Margarine Market, By Type
9.1.1.1.2 China: Industrial Hard Margarine Market, by Application
9.1.1.2 Japan: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Japan: Industrial Hard Margarine Market, By Type
9.1.1.2.2 Japan: Industrial Hard Margarine Market, by Application
9.1.1.3 India: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Industrial Hard Margarine Market, by Type
9.1.1.3.2 India: Industrial Hard Margarine Market, by Application
9.1.1.4 Australia: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Australia: Industrial Hard Margarine Market, By Type
9.1.1.4.2 Australia: Industrial Hard Margarine Market, by Application
9.1.1.5 South Korea: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Industrial Hard Margarine Market, By Type
9.1.1.5.2 South Korea: Industrial Hard Margarine Market, by Application
9.1.1.6 Rest of Asia Pacific: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Industrial Hard Margarine Market, By Type
9.1.1.6.2 Rest of Asia Pacific: Industrial Hard Margarine Market, by Application

10. INDUSTRY LANDSCAPE

10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition

11. COMPANY PROFILES

11.1 Bunge Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Puratos NV
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Fuji Oil Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Wilmar International Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 AAK AB
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments

12. APPENDIX

12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES

Table 1. Asia Pacific Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. China Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia Industrial Hard Margarine Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Australia Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Industrial Hard Margarine Market Segmentation
Figure 2. Asia Pacific Industrial Hard Margarine Market Segmentation – By Country
Figure 3. Asia Pacific Industrial Hard Margarine Market Overview
Figure 4. All-Purpose Segment Held the Largest Market Share in 2021
Figure 5. Rest of Asia Pacific Held the Largest Market Share in 2021
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Asia Pacific Industrial Hard Margarine Market
Figure 9. Expert Opinion
Figure 10. Asia Pacific Industrial Hard Margarine Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific: Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Industrial Hard Margarine Market Revenue Share, By Product Type (2021 and 2028)
Figure 13. Spreadable: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. All-Purpose: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Butter Blend: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Asia Pacific Industrial Hard Margarine Market Revenue Share, By Application (2021 and 2028)
Figure 17. Bakery and Confectionery: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Cookies and Biscuits: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cakes: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Flaky Pastries: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Other Bakery and Confectionery: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. RTE and RTC Food: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Meat and Dairy Substitutes: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Asia Pacific Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Asia Pacific: Industrial Hard Margarine Market, by Country – Revenue (2021) (US$ Million)
Figure 26. Asia Pacific: Industrial Hard Margarine Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. China: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Japan: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Australia: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Asia Pacific: Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)


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