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South & Central America 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 | 89 pages | ID: S62092598675EN
The Insight Partners

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The South & Central America industrial hard margarine market is expected to grow from US$ 206.68 million in 2022 to US$ 246.50 million by 2028. It is estimated to grow at a CAGR of 3.0% from 2022 to 2028.

Rising Demand for Margarine as a Low-Cost Alternative to Butter is Driving the Industrial Hard Margarine Market

Margarine is traditionally produced by the hydrogenation of vegetable oils such as palm oil, canola oil, rapeseed oil, and safflower oil. Being a cheaper alternative to butter, it is widely used in the industrial-scale production of bakery products, which may allow manufacturers to lower the prices of their final products. With characteristics that are similar to butter, margarine improves the texture and stability of various bakery products, such as cakes, flaky pastries, cookies, biscuits, and croissants. Moreover, it is convenient to use and has a high shelf life. Margarine has less saturated fat content compared to butter. Moreover, it is free from any animal-derived ingredients. Nowadays, manufacturers are providing margarine that is free of palm oil, which is increasing their appeal among consumers. Hard margarine has a high oxidative stability than other margarine types, which makes it a popular ingredient among various commercial and household bakers. The demand for hard margarine is increasing across the manufacturers of bakery and non-dairy products, and meat substitutes due to its affordability and convenience of use. Bakery manufacturers are taking efforts to reduce the cost of their products to make them accessible to all consumer groups. Therefore, the preference for industrial hard margarine is increasing, driving the growth of the industrial hard margarine market.

South & Central America Industrial Hard Margarine Market Overview

The South & Central America industrial hard margarine market is segmented into Brazil, Argentina, and the Rest of South & Central America. The growth of the industrial hard margarine market in the region is attributed to the rising demand for processed food, snacks, infant food, and convenience food products. In addition, the demand for healthy food products such as plant-based food and food products with low fat and cholesterol has surged owing to enhanced uptake of the healthy lifestyle concept. Moreover, the growing bakery & confectionery industry and rising demand for low-cost alternatives for butter from manufacturers are contributing to the market growth. Thus, with the growing food processing industry, the demand for industrial hard margarine is expected to grow in the region.

South & Central America Industrial Hard Margarine Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Industrial Hard Margarine Market Segmentation

The South & Central America industrial hard margarine market is segmented into type, application, and country.

Based on type, the South & Central America 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 South & Central America 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 South & Central America industrial hard margarine market is segmented into Brazil, Argentina, and Rest of South & Central America. The Rest of South & Central America dominated the market in 2022.

Bunge Ltd; Puratos NV; Fuji Oil Co Ltd; and AAK AB are the leading companies operating in the South & Central America 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. 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. SOUTH & CENTRAL AMERICA 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 – SOUTH & CENTRAL AMERICA MARKET ANALYSIS

6.1 South & Central America Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)

7. SOUTH & CENTRAL AMERICA INDUSTRIAL HARD MARGARINE MARKET ANALYSIS – BY TYPE

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

8. SOUTH & CENTRAL AMERICA INDUSTRIAL HARD MARGARINE MARKET ANALYSIS – BY APPLICATION

8.1 Overview
8.2 South & Central America Industrial Hard Margarine Market, By Application (2021 and 2028)
8.3 Bakery and Confectionery
8.3.1 Overview
8.3.2 Bakery and Confectionery: South & Central America 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: South & Central America 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: South & Central America 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: South & Central America 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: South & Central America 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: South & Central America 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: South & Central America Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)

9. SOUTH & CENTRAL AMERICA INDUSTRIAL HARD MARGARINE MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.2 South and Central America: Industrial Hard Margarine Market, by Key Country
9.1.2.1 Brazil: Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Brazil: Industrial Hard Margarine Market, By Type
9.1.2.1.2 Brazil: Industrial Hard Margarine Market, by Application
9.1.2.2 Argentina: Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Argentina: Industrial Hard Margarine Market, By Type
9.1.2.2.2 Argentina: Industrial Hard Margarine Market, by Application
9.1.2.3 Rest of South and Central America: Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Rest of South and Central America: Industrial Hard Margarine Market, By Type
9.1.2.3.2 Rest of South and Central America: 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 AAK AB
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 Eccelso Ltd

12. APPENDIX

12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES

Table 1. South & Central America Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South and Central America Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South and Central America Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation

LIST OF FIGURES

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


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