Global Industrial Margarine Market to Reach US$3.2 Billion by 2030
The global market for Industrial Margarine estimated at US$2.6 Billion in the year 2023, is expected to reach US$3.2 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2023-2030. All Purpose Industrial Margarine, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Butter Blend Industrial Margarine segment is estimated at 2.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$699.8 Million While China is Forecast to Grow at 5.4% CAGR
The Industrial Margarine market in the U.S. is estimated at US$699.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$639.6 Million by the year 2030 trailing a CAGR of 5.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.
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