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Global butter and margarine market demand are anticipated to be valued at US$ 4,285.4 million in 2022, forecast to grow at a CAGR of 6.6% to be valued at US$ 8135.4 million from 2022 to 2032. Growth is attributed to increasing demand for high-quality, tasty, and convenient food. From 2016 to 2021 a CAGR of 6.4% was registered for the butter and margarine market.
Data Points | Key Statistics |
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Growth Rate (2016 to 2021) | 6.4% CAGR |
Projected Growth Rate (2022 to 2032) | 6.6% CAGR |
Expected Market Value (2022) | US$ 4,285.4 Million |
Anticipated Forecast Value (2032) | US$ 8,135.4 Million |
Butter and Margarine are vital ingredients of confectionery items. Over the years, butter and margarine have become necessities in every household, owing to their nutritional value and the rise in demand for convenience food. While Butter is a dairy product, margarine is a non-dairy product capable of substituting it in the global market.
Margarine is a highly processed food product made from vegetable oils, while butter is basically concentrated dairy fat. Butter is a dairy product made of churning cream. Conversely, margarine is a product designed to imitate butter. Margarine contains unsaturated good fats - polyunsaturated and monounsaturated fats. These types of fats help reduce low-density lipoprotein (LDL), or bad, cholesterol when substituted for saturated fat.
Although there is a difference in taste and properties, their substituting nature is a boost for the industry. Consumers who aren’t buoyant enough to purchase butter from the market can make a switch to margarine since it’s cheap and serve the same purpose of enriching the taste of butter.
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Growing Demand in The End User Sector to Boost the Growth of the Butter and Margarine Market in The Coming Years.
Butter is used to produce a variety of food products such as cakes, biscuits, cookies, macaroons, and other confectionery items. And this has affected the market positively with the rise in demand for confectionery products among consumers.
The significant growth witnessed in the butter and margarine market is due to the rise in consumers' disposable income globally. The increase in income has improved the purchasing power of consumers globally, and this will facilitate the growth in butter and margarine supply in the global market. Also, changes in consumers’ lifestyles are another force driving the industry forward. Consumers often go for food products that require little time for preparation to save time after a hectic day.
Butter and margarine are convenient food products since they can be consumed anywhere at any time. For instance, individuals with tight schedules at their office can take butter or margarine along with them to working place to apply on bread or any other food product for consumption.
Growing Health Consciousness Among the Consumers May Hinder the Growth of the Butter and Margarine Market.
The global butter and margarine market is threatened by the increase in health awareness programs regarding the side effects of the consumption of margarine, and the rise in obesity. This factor is expected to restrain the butter and margarine global market.
However, consumers might be shifting towards the consumption of butter, but due to its high cost, consumers will have to shun the market. And this will cause the market to decline in growth.
Government stringent regulations such as licensing, labeling, and many others on manufacturing and marketing of food products like butter and margarine are projected to hamper the growth of the industry. Also, the rise in obesity among consumers has a negative impact on the growth of the market over the foreseeable period.
North America Handsomely Leads Butter and Margarine Market Due to High Demand from Food Processing Sector
North America was the largest market for butter and margarine market and the trend is expected to continue into the forecast period owing to the high preference for baked items that are processed with butter and margarine. The increase in disposable incomes of middle-class households in the region leads to convenient and healthier lifestyles expected to augment the butter and margarine market.
North America is the largest consumer of margarine spread, especially due to the high consumption in food processing. North America accounts for a total of 33.8% global butter and margarine market share. The growing popularity of baked goods among consumers boosts the demand for butter and margarine in the region.
The Presence of a Leading Butter and Margarine Manufacturer in The Region Provides a Lucrative Opportunity for The Growth of the Market.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the butter and margarine market, due to the growing number of bakeries in the region. Europe’s butter and margarine market account for 40.3%share of the total global market. Europe is the second largest consumer of butter and margarine.
The increasing disposable income of consumers, especially in developing countries is responsible for the surge in demand for butter and margarine in the region. Also, the high spending power of consumers on food and beverage and the presence of a large number of player in the region is fueling the growth of the global butter and margarine market. For Instance, The Dutch Royal FrieslandCampina N.V. announced the acquisition of USA-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the USA consumer.
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Growing Popularity of Baking Goods in The Region Boost the Butter and Margarine Market in The Coming Years.
The Asia Pacific is anticipated to exhibit a significant growth rate in the butter and margarine market over the forecast period. The Asia Pacific will witness remarkable growth in the butter and margarine market over the foreseeable period with India and China acting as drivers. Individuals in China and India are expected to increase the demand for food products processed from butter and margarine due to the rise in per capita income.
The growing popularity of baked goods among consumers in the region boosts the growth of the market in the coming years. Changing lifestyle, increasing working women and increasing consumption of ready-to-eat food products in urban areas is pushing the market for food processing products ultimately the market for butter and margarine.
Gagar Foods Pvt. Ltd, Dynamic food products, Everlikefood, Shreeji Food Products, butterball farm, and Meena Food Products are some of the start-up companies operating in the butter and margarine market.
Some of the key participants present in the global butter and margarine market include Arla Foods, Farmers Cooperative Creamery, Deam Foods Company, OJSC Creative Group, Kraft Foods, AMUL India, and Friesland Campina among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Arla Foods, Farmers Cooperative Creamery, and Deam Foods Company account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Report Attributes | Details |
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Growth Rate | CAGR of 6.6% from 2022 to 2032 |
Expected Market Value (2022) | US$ 4,285.4 Million |
Anticipated Forecast Value (2032) | US$ 8,135.4 Million |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
1. Executive Summary | Butter and Margarine Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2016 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2016 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2022 to 2032 5.3.1. Traditional Margarine 5.3.2. Liquid Margarine 5.3.3. Other 5.4. Y-o-Y Growth Trend Analysis By Type, 2016 to 2021 5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Usage 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Usage, 2016 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Usage, 2022 to 2032 6.3.1. Spreadable 6.3.2. Non-Spreadable 6.4. Y-o-Y Growth Trend Analysis By Usage, 2016 to 2021 6.5. Absolute $ Opportunity Analysis By Usage, 2022 to 2032 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Distribution Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2016 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2022 to 2032 7.3.1. Retail 7.3.2. Industrial 7.3.3. Food Service 7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2016 to 2021 7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2022 to 2032 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2016 to 2021 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. United States of America 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Usage 9.2.4. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Usage 9.3.4. By Distribution Channel 9.4. Key Takeaways 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Usage 10.2.4. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Usage 10.3.4. By Distribution Channel 10.4. Key Takeaways 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Type 11.2.3. By Usage 11.2.4. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Usage 11.3.4. By Distribution Channel 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of Asia Pacific 12.2.2. By Type 12.2.3. By Usage 12.2.4. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Usage 12.3.4. By Distribution Channel 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa 13.2.2. By Type 13.2.3. By Usage 13.2.4. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Usage 13.3.4. By Distribution Channel 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. United States of America 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Type 14.1.2.2. By Usage 14.1.2.3. By Distribution Channel 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Type 14.2.2.2. By Usage 14.2.2.3. By Distribution Channel 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Type 14.3.2.2. By Usage 14.3.2.3. By Distribution Channel 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Type 14.4.2.2. By Usage 14.4.2.3. By Distribution Channel 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Type 14.5.2.2. By Usage 14.5.2.3. By Distribution Channel 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Type 14.6.2.2. By Usage 14.6.2.3. By Distribution Channel 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Type 14.7.2.2. By Usage 14.7.2.3. By Distribution Channel 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Type 14.8.2.2. By Usage 14.8.2.3. By Distribution Channel 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Type 14.9.2.2. By Usage 14.9.2.3. By Distribution Channel 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Type 14.10.2.2. By Usage 14.10.2.3. By Distribution Channel 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Type 14.11.2.2. By Usage 14.11.2.3. By Distribution Channel 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Type 14.12.2.2. By Usage 14.12.2.3. By Distribution Channel 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Type 14.13.2.2. By Usage 14.13.2.3. By Distribution Channel 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Type 14.14.2.2. By Usage 14.14.2.3. By Distribution Channel 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Type 14.15.2.2. By Usage 14.15.2.3. By Distribution Channel 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Type 14.16.2.2. By Usage 14.16.2.3. By Distribution Channel 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Type 14.17.2.2. By Usage 14.17.2.3. By Distribution Channel 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Type 14.18.2.2. By Usage 14.18.2.3. By Distribution Channel 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Type 14.19.2.2. By Usage 14.19.2.3. By Distribution Channel 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Type 15.3.3. By Usage 15.3.4. By Distribution Channel 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Arla Foods 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Farmers’ Cooperative Creamery 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Deam Foods Company 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. OJSC Creative Group 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Kraft Foods 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. AMUL India 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Friesland Campina. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. BRF 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. NMGK Group 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. NamChow 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Grupo Lala 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Table 1: Global Market Value (US$ Million) Forecast by Region, 2016 to 2032 Table 2: Global Market Volume (Tons) Forecast by Region, 2016 to 2032 Table 3: Global Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 4: Global Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 5: Global Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 6: Global Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 7: Global Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 8: Global Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032 Table 9: North America Market Value (US$ Million) Forecast by Country, 2016 to 2032 Table 10: North America Market Volume (Tons) Forecast by Country, 2016 to 2032 Table 11: North America Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 12: North America Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 13: North America Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 14: North America Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 15: North America Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 16: North America Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032 Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2016 to 2032 Table 18: Latin America Market Volume (Tons) Forecast by Country, 2016 to 2032 Table 19: Latin America Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 20: Latin America Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 21: Latin America Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 22: Latin America Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 23: Latin America Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 24: Latin America Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032 Table 25: Europe Market Value (US$ Million) Forecast by Country, 2016 to 2032 Table 26: Europe Market Volume (Tons) Forecast by Country, 2016 to 2032 Table 27: Europe Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 28: Europe Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 29: Europe Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 30: Europe Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 31: Europe Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 32: Europe Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032 Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2016 to 2032 Table 34: Asia Pacific Market Volume (Tons) Forecast by Country, 2016 to 2032 Table 35: Asia Pacific Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 36: Asia Pacific Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 37: Asia Pacific Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 38: Asia Pacific Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 39: Asia Pacific Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 40: Asia Pacific Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032 Table 41: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2016 to 2032 Table 42: Middle East and Africa Market Volume (Tons) Forecast by Country, 2016 to 2032 Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2016 to 2032 Table 44: Middle East and Africa Market Volume (Tons) Forecast by Type, 2016 to 2032 Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Usage, 2016 to 2032 Table 46: Middle East and Africa Market Volume (Tons) Forecast by Usage, 2016 to 2032 Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Distribution Channel, 2016 to 2032 Table 48: Middle East and Africa Market Volume (Tons) Forecast by Distribution Channel, 2016 to 2032
Figure 1: Global Market Value (US$ Million) by Type, 2022 to 2032 Figure 2: Global Market Value (US$ Million) by Usage, 2022 to 2032 Figure 3: Global Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032 Figure 5: Global Market Value (US$ Million) Analysis by Region, 2016 to 2032 Figure 6: Global Market Volume (Tons) Analysis by Region, 2016 to 2032 Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032 Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032 Figure 9: Global Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 10: Global Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 11: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 12: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 13: Global Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 14: Global Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 15: Global Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 16: Global Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 17: Global Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 18: Global Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 19: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 20: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 21: Global Market Attractiveness by Type, 2022 to 2032 Figure 22: Global Market Attractiveness by Usage, 2022 to 2032 Figure 23: Global Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 24: Global Market Attractiveness by Region, 2022 to 2032 Figure 25: North America Market Value (US$ Million) by Type, 2022 to 2032 Figure 26: North America Market Value (US$ Million) by Usage, 2022 to 2032 Figure 27: North America Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032 Figure 29: North America Market Value (US$ Million) Analysis by Country, 2016 to 2032 Figure 30: North America Market Volume (Tons) Analysis by Country, 2016 to 2032 Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 33: North America Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 34: North America Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 37: North America Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 38: North America Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 39: North America Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 40: North America Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 41: North America Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 42: North America Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 43: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 44: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 45: North America Market Attractiveness by Type, 2022 to 2032 Figure 46: North America Market Attractiveness by Usage, 2022 to 2032 Figure 47: North America Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 48: North America Market Attractiveness by Country, 2022 to 2032 Figure 49: Latin America Market Value (US$ Million) by Type, 2022 to 2032 Figure 50: Latin America Market Value (US$ Million) by Usage, 2022 to 2032 Figure 51: Latin America Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032 Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2016 to 2032 Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2016 to 2032 Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 57: Latin America Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 58: Latin America Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 59: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 61: Latin America Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 62: Latin America Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 63: Latin America Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 65: Latin America Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 66: Latin America Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 67: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 69: Latin America Market Attractiveness by Type, 2022 to 2032 Figure 70: Latin America Market Attractiveness by Usage, 2022 to 2032 Figure 71: Latin America Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032 Figure 73: Europe Market Value (US$ Million) by Type, 2022 to 2032 Figure 74: Europe Market Value (US$ Million) by Usage, 2022 to 2032 Figure 75: Europe Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032 Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2016 to 2032 Figure 78: Europe Market Volume (Tons) Analysis by Country, 2016 to 2032 Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 81: Europe Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 82: Europe Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 83: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 84: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 85: Europe Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 86: Europe Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 87: Europe Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 88: Europe Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 89: Europe Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 90: Europe Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 91: Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 92: Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 93: Europe Market Attractiveness by Type, 2022 to 2032 Figure 94: Europe Market Attractiveness by Usage, 2022 to 2032 Figure 95: Europe Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 96: Europe Market Attractiveness by Country, 2022 to 2032 Figure 97: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032 Figure 98: Asia Pacific Market Value (US$ Million) by Usage, 2022 to 2032 Figure 99: Asia Pacific Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032 Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2016 to 2032 Figure 102: Asia Pacific Market Volume (Tons) Analysis by Country, 2016 to 2032 Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 106: Asia Pacific Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 110: Asia Pacific Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 114: Asia Pacific Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 117: Asia Pacific Market Attractiveness by Type, 2022 to 2032 Figure 118: Asia Pacific Market Attractiveness by Usage, 2022 to 2032 Figure 119: Asia Pacific Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032 Figure 121: Middle East and Africa Market Value (US$ Million) by Type, 2022 to 2032 Figure 122: Middle East and Africa Market Value (US$ Million) by Usage, 2022 to 2032 Figure 123: Middle East and Africa Market Value (US$ Million) by Distribution Channel, 2022 to 2032 Figure 124: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032 Figure 125: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2016 to 2032 Figure 126: Middle East and Africa Market Volume (Tons) Analysis by Country, 2016 to 2032 Figure 127: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 128: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 129: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2016 to 2032 Figure 130: Middle East and Africa Market Volume (Tons) Analysis by Type, 2016 to 2032 Figure 131: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032 Figure 132: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032 Figure 133: Middle East and Africa Market Value (US$ Million) Analysis by Usage, 2016 to 2032 Figure 134: Middle East and Africa Market Volume (Tons) Analysis by Usage, 2016 to 2032 Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by Usage, 2022 to 2032 Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by Usage, 2022 to 2032 Figure 137: Middle East and Africa Market Value (US$ Million) Analysis by Distribution Channel, 2016 to 2032 Figure 138: Middle East and Africa Market Volume (Tons) Analysis by Distribution Channel, 2016 to 2032 Figure 139: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Channel, 2022 to 2032 Figure 140: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Channel, 2022 to 2032 Figure 141: Middle East and Africa Market Attractiveness by Type, 2022 to 2032 Figure 142: Middle East and Africa Market Attractiveness by Usage, 2022 to 2032 Figure 143: Middle East and Africa Market Attractiveness by Distribution Channel, 2022 to 2032 Figure 144: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
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