Europe Industrial Hard Margarine Market to Grow at a CAGR of 2.8% to reach US$ 848.26 million from 2022 to 2028
The Europe industrial hard margarine market size is expected to grow from US$ 719.52 million in 2022 to US$ 848.26 million by 2028; it is estimated to register a CAGR of 2.8% from 2022 to 2028.
Industrial hard margarine is majorly used as a shortening in bakery products such as cakes, pastries, biscuits & cookies, and breads & rolls. It improves the texture of bakery products and keeps them soft, fresh, and tender. Moreover, margarine also increases the volume of bakery products by preventing the cross-linking of gluten molecules when liquid is added. Additionally, margarine is cheaper than butter, which increases its popularity among industrial bakers because it produces high-quality products at a low cost. Margarine is usually produced by the hydrogenation of vegetable oils such as palm oil, sunflower oil, canola oil, and safflower oil. For the production of hard/stick margarine, the hydrogenation process is carried out for a longer period of time. Hard margarine has more oxidative stability and shelf life than other kinds of margarine, which is the major reason for its increased demand among food manufacturers. The rising demand for industrial hard margarine in the bakery & confectionery industry in Europe is driving the market growth.
In 2022, Germany held the largest share of the Europe industrial hard margarine market, and Spain is expected to grow at the highest CAGR over the forecast period. The growth of the industrial hard margarine market in Germany is majorly attributed to rising demand for bakery products, especially puff pastries, Danish pastries, cakes, cookies, and biscuits. Moreover, the presence of a well-established bakery & confectionery industry in Germany, coupled with rising demand for low-cost bakery shortening, are driving the industrial hard margarine market growth across the country.
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Europe Industrial Hard Margarine Market: Strategic Insights
Market Size Value in US$ 719.52 million in 2022 Market Size Value by US$ 848.26 million by 2028 Growth rate CAGR of 2.8% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Europe Industrial Hard Margarine Market: Strategic Insights
| Market Size Value in | US$ 719.52 million in 2022 |
| Market Size Value by | US$ 848.26 million by 2028 |
| Growth rate | CAGR of 2.8% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Industrial Hard Margarine Market
The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic disturbed manufacturing processes due to restrictions imposed by government authorities. Supply constraints of raw materials and the adverse effect of the pandemic on the bakery & confectionery industry are a few factors restricting the demand for industrial hard margarine. However, as bakery products are the staple food of Europeans, their consumption continued even during the lockdown. This factor favored the Europe industrial hard margarine market growth. Further, in 2021, governments of European countries relaxed the restrictions, which helped the manufacturers to overcome the demand and supply gap. Also, the introduction of COVID-19 vaccine helped to control the spread of the virus, which further favored the marketplace. These factors positively impacted the European food & beverages industry and the related markets including industrial hard margarine market.
Europe Industrial Hard Margarine Market Breakdown – by Region
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Market Insights
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Proliferation of Bakery Industry in Europe
The bakery industry in Europe is well-established and mature in terms of product array, production infrastructure, retail landscape, regulations, and innovation platforms. Moreover, the industry is growing at a rapid pace with evolving consumer preferences, growing middle-class population, and changing consumption habits and lifestyles. Bakery products are the staple food among Europeans. The region holds a majority of the global bakery industry with the presence of many small and large-scale artisanal and mass bakeries. According to the Atlantic Area Healthy Food Eco-System (AHFES) project funded by the Atlantic Area Program and the European Union (EU), the bakery industry in Europe was worth US$ 226 billion in 2020. The rapidly growing bakery industry in Europe is likely to offer lucrative opportunities for the industrial hard margarine market growth. Hard margarine is widely used as a shortening in bakery products such as cakes, pastries, cookies, croissants, bagels, and biscuits. It is easy to use and improves the texture of baked goods. The rising consumption of bakery products, along with the proliferation of the bakery industry, is driving the Europe industrial hard margarine market growth.
Type Insights
Based on type, the Europe industrial hard margarine market is segmented into spreadable, all-purpose, and butter blend. The all-purpose segment accounted for the largest market share in the Europe industrial hard margarine market in 2022. All-purpose margarine is a form of general-purpose shortening, especially used in manufacturing all types of bread, cakes, and biscuits. All-purpose margarine has characteristic features such as softness, aroma, and creaminess. The ingredients provide the all-purpose margarine with a uniform structure and a smooth crust. It can act as a dough improver, prolonging the shelf life of the baked product. It is generally packed in polyline cardboard. The rising consumption of bakery products is driving the demand for all-purpose margarine in the bakery & confectionery processing industry in Europe. This propels the growth of the Europe industrial hard margarine market.
Europe Industrial Hard Margarine Market, by Type – 2022 and 2028
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Vandemoortele NV, Bunge Ltd, Puratos NV, NMGK Group of Co, Fuji Oil Co Ltd, Wilmar International Ltd, Nubeser Soluciones SLU, Cardowan Creameries Ltd, AAK AB, and Eccelso Ltd are a few of the major players operating in the Europe industrial hard margarine market. Players operating in the Europe industrial hard margarine market are constantly focusing on strategies such as investments in research and development activities and new product launches. For instance, in November 2019, Bunge Loders Croklaan launched shea butter-based margarine into the UK market. The product is free from trans-fat, palm oil, and genetically modified organisms (GMOs). Such innovative products are expected to boost the Europe industrial hard margarine market over the forecast period.
Report Spotlights
- Progressive industry trends in the Europe industrial hard margarine market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe industrial hard margarine market from 2020 to 2028
- Estimation of demand for industrial hard margarine in Europe
- Recent developments to understand the competitive market scenario
- Market trend and outlook as well as factors driving and restraining the growth of the Europe industrial hard margarine market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- Size of the Europe industrial hard margarine market at various nodes
- Detailed overview and segmentation of the market, as well as the Europe industrial hard margarine industry dynamics
- Size of the Europe industrial hard margarine market in various countries with promising growth opportunities
Europe Industrial Hard Margarine Market
Based on type, the Europe industrial hard margarine market is segmented into spreadable, all-purpose, and butter blend. In terms of application, the market is categorized into bakery & confectionery, RTE & RTC food, meat & dairy substitutes, and others. The bakery & confectionery segment is further segmented into cookies & biscuits, cakes, flaky pastries, and other bakery & confectionery. By country, the Europe industrial hard margarine market is segmented into Germany, France, Italy, Spain, Poland, Slovakia, Romania, Czech Republic, Hungary, Belgium, the Netherlands, and the Rest of Europe.
Company Profiles
- Vandemoortele NV
- Bunge Ltd
- Puratos NV
- NMGK Group of Co
- Fuji Oil Co Ltd
- Wilmar International Ltd
- Nubeser Soluciones SLU
- Cardowan Creameries Ltd
- AAK AB
- Eccelso Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Belgium, Czechia, France, Germany, Hungary, Italy, Netherlands, Poland, Romania, Slovakia, Spain
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. Europe 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 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 End Users
4.5 Export Data for Margarine (Excluding Liquid), by Region, 2021 (HS Code – 151710)
5. Europe 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
5.1.2 Proliferation of European Bakery Industry
5.1 Market Restraints
5.1.1 Stringent Regulatory Focus on Trans Fats Content of Margarine
5.2 Market Opportunities
5.2.1 Product Innovation to Address Concerns Related to Margarine Ingredients
5.3 Future Trends
5.3.1 Growing Popularity of Veganism
5.4 Impact Analysis of Drivers and Restraints
6. Europe Industrial Hard Margarine– Market Analysis
6.1 Industrial Hard Margarine Market Overview
6.2 Europe Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Europe Industrial Hard Margarine Market Analysis – By Type
7.1 Overview
7.2 Europe Industrial Hard Margarine Market Breakdown, by Type, 2021 & 2028
7.3 Spreadable
7.3.1 Overview
7.3.2 Spreadable: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
7.4 All-Purpose
7.4.1 Overview
7.4.2 All-Purpose: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Butter Blend
7.5.1 Overview
7.5.2 Butter Blend: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Industrial Hard Margarine Market Analysis – By Application
8.1 Overview
8.2 Europe Industrial Hard Margarine Market Breakdown, by Application, 2021 & 2028
8.3 Bakery and Confectionery
8.3.1 Overview
8.3.2 Bakery and Confectionery: Europe 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: Europe 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: Europe 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: Europe 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: Europe 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: Europe 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: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Industrial Hard Margarine Market– Geographic Analysis
9.1 Europe: Industrial Hard Margarine Market
9.1.1 Europe: Industrial Hard Margarine Market, by Key Country
9.1.1.1 Germany: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Industrial Hard Margarine Market, By Type
9.1.1.1.2 Germany: Industrial Hard Margarine Market, by Application
9.1.1.2 France: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Industrial Hard Margarine Market, By Type
9.1.1.2.2 France: Industrial Hard Margarine Market, by Application
9.1.1.3 Italy: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Industrial Hard Margarine Market, By Type
9.1.1.3.2 Italy: Industrial Hard Margarine Market, by Application
9.1.1.4 Spain: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Spain: Industrial Hard Margarine Market, By Type
9.1.1.4.2 Spain: Industrial Hard Margarine Market, by Application
9.1.1.5 Poland: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Poland: Industrial Hard Margarine Market, By Type
9.1.1.5.2 Poland: Industrial Hard Margarine Market, by Application
9.1.1.6 Slovakia: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Slovakia: Industrial Hard Margarine Market, By Type
9.1.1.6.2 Slovakia: Industrial Hard Margarine Market, by Application
9.1.1.7 Romania: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.7.1 Romania: Industrial Hard Margarine Market, By Type
9.1.1.7.2 Romania: Industrial Hard Margarine Market, by Application
9.1.1.8 Czech Republic: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.8.1 Czech Republic: Industrial Hard Margarine Market, By Type
9.1.1.8.2 Czech Republic: Industrial Hard Margarine Market, by Application
9.1.1.9 Hungary: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.9.1 Hungary: Industrial Hard Margarine Market, By Type
9.1.1.9.2 Hungary: Industrial Hard Margarine Market, by Application
9.1.1.10 Belgium: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.10.1 Belgium: Industrial Hard Margarine Market, By Type
9.1.1.10.2 Belgium: Industrial Hard Margarine Market, by Application
9.1.1.11 Netherlands: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.11.1 Netherlands: Industrial Hard Margarine Market, By Type
9.1.1.11.2 Netherlands: Industrial Hard Margarine Market, by Application
9.1.1.12 Rest of Europe: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
9.1.1.12.1 Rest of Europe: Industrial Hard Margarine Market, By Type
9.1.1.12.2 Rest of Europe: Industrial Hard Margarine Market, by Application
10. Impact of COVID-19 Pandemic on Europe Industrial Hard Margarine Market
10.1 Impact of COVID-19 Pandemic on Europe Industrial Hard Margarine Market
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Vandemoortele NV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bunge Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Puratos NV
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NMGK Group of Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fuji Oil Co Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Wilmar International Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Nubeser Soluciones SLU
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Cardowan Creameries Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 AAK AB
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Eccelso Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Export Data for Margarine (Excluding Liquid), by Region, 2021
Table 2. Europe Industrial Hard Margarine Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe Industrial Hard Margarine Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe Industrial Hard Margarine Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany Industrial Hard Margarine Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. France Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Spain Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Spain Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Poland Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Poland Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Slovakia Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Slovakia Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Romania Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Romania Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Czech Republic Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Czech Republic Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Hungary Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Hungary Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Belgium Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Belgium Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Netherlands Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Netherlands Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe Industrial Hard Margarine Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe Industrial Hard Margarine Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Hard Margarine Market Segmentation
Figure 2. Industrial Hard Margarine Market Segmentation – By Geography
Figure 3. Europe Industrial Hard Margarine Market Overview
Figure 4. The All-Purpose Segment Held the Largest Share in 2021
Figure 5. Germany Dominated the Industrial Hard Margarine Market in 2021
Figure 6. Europe Industrial Hard Margarine Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: Europe Industrial Hard Margarine Market
Figure 10. Bakery New Product Launches in Europe (2016–2020)
Figure 11. Europe Industrial Hard Margarine Market Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Industrial Hard Margarine Market
Figure 13. Europe: Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Key Players: Industrial Hard Margarine Market
Figure 15. Europe Industrial Hard Margarine Market Breakdown, by Type, 2021 & 2028
Figure 16. Spreadable: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. All-Purpose: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Butter Blend: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Industrial Hard Margarine Market Breakdown, by Application, 2021 & 2028
Figure 20. Bakery and Confectionery: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Cookies and Biscuits: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Cakes: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Flaky Pastries: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Other Bakery and Confectionery: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. RTE and RTC Food: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Meat and Dairy Substitutes: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Europe Industrial Hard Margarine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe: Industrial Hard Margarine Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Germany: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 31. Italy: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 32. Spain: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 33. Poland: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 34. Slovakia: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 35. Romania: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 36. Czech Republic: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 37. Hungary: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 38. Belgium: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 39. Netherlands: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: Industrial Hard Margarine Market– Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic on Key Countries in Europe
The List of Companies - Europe Industrial Hard Margarine Market
- Vandemoortele NV
- Bunge Ltd
- Puratos NV
- NMGK Group of Co
- Fuji Oil Co Ltd W
- ilmar International Ltd
- Nubeser Soluciones SLU
- Cardowan Creameries Ltd
- AAK AB
- Eccelso Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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