Margarine is a substitute for butter, prepared from vegetable and animal fats by emulsifying them with water and adding small amount of milk, salt, vitamins, colouring matter, etc.
Shortening is a semi-solid plant-derived fat that can be used as an alternative to butter or similar substances.
First, margarine and shortening are widely used in drying instant noodles, making confectionery and bakery. With the development of economy, not only retail but also food processing needs more margarine and shortening. So, margarine and shortening has a huge market potential.
Second, the Vietnam margarine production has been reached 4236 MT in 2015, from 3545 MT in 2011, with an average growth rate of about 5.15%. Vietnam margarine capacity utilization rate remained at around 68%. Currently the main producing regions are Quang Ninh and Ho Chi Minh.
The Vietnam shortening production has been reached 124644 MT in 2015, from 110368 MT in 2011, with an average growth rate of about 3.68%. Vietnam margarine capacity utilization rate remained at around 70%. Currently the main producing regions are Quang Ninh and Ho Chi Minh too.
The global Margarine & Shortening market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Margarine & Shortening volume and value at global level, regional level and company level. From a global perspective, this report represents overall Margarine & Shortening market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Cai Lan Oils&Fats Industries
Tuong An Vegetable Oil
Golden Hope Nha Be
Tan Binh Vegetable Oil
Segment by Regions
Segment by Type
Segment by Application