LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global margarine market 2017-2021 report. This market research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global margarine market consists of both global and regional players. The large portfolio of margarine products from different vendors makes the market competitive.
“Owing to the increasing focus on health, vendors are coming up with healthy products for consumers. Vendors in the market must reformulate the existing products to meet health standards related to the quantity of ingredients used, food safety, sustainable development, and quality. The market is also witnessing a demand for low-fat and trans-fat-free products as consumers are becoming health conscious. This is driving vendors to manufacture products based on changing consumer needs and standards and by adopting sustainable practices,” says Manjunath Reddy, a lead food research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
Bunge operates in more than 40 countries around the world. It functions in different regions with distinct brands, including Kuzawski, Espiga, Vénusz in Europe, and La Nuestra in North America. The company offers several margarine products under these brand names. Delicia is one of the leading brands of margarine in Brazil. The Bunge NH (non-hydrogenated) product segment offers a large variety of margarine with different ingredients that are suitable for different applications.
Conagra Brands has a large portfolio of brands. The foodservice segment offers products to retailers, restaurants, and commercial customers. The company offers margarine products through distinct brands, including Parkay and Blue Bonnet. It offers several variants and different flavors of margarine. The different forms include sticks and spreads. Its packaging options include squeeze packs and sprays for convenience.
DAIRY CREST has several brands that produce margarine and other spreads. Clover is one of the leading margarine brands in the UK. The margarine offered contains very low amounts of saturated fats. Utterly Butterly also offers margarine spreads that contain low amounts of fats compared with butter. The margarine offered is virtually trans-fat free. Vitalite, which is a brand of DAIRY CREST, is made from sunflower oil, which is rich in vitamin E and light in texture. The international team at DAIRY CREST distributes products in Europe as well as in several other parts of the world.
NMGK GROUP is into the vegetable fats and oils business. The company is one of the top margarine manufacturers. It offers a wide variety of margarine for the food processing industry. These varieties of margarine come under two categories: specialty and non-specialty margarine. Specialty margarine is used to prepare specific products, such as puff pastry and sandy pastry. The company has also launched MARGO, which is margarine with less than 1% trans fat, for the bakery and confectionery industry.
Unilever is one of the largest global consumer goods companies. Unilever has a wide portfolio of brands offering products in different sectors, including food and beverage, home care, and personal care. Unilever is the leading manufacturer of margarine, with several brands producing margarine products. Some of the brands in the market are global brands. Other brands, including KASIA, Planta, and Rama, are regional brands operating in specific regions. These margarine products are used to manufacture various products, including pastries, cakes, biscuits, and icing.
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