June 11, 2020: One of the global leaders of plant-based margarines, spreads and cheeses, Upfield Group, announced an investment of around USD 56 million to open a new state-of-the-art Upfield Food Science Centre in Wageningen, Netherlands.
November 30, 2020: Seara International, the subsidiary of JBS SA, announced that it has completed the acquisition of the assets that deals with the production of margarine and mayonnaise of Bunge Alimentos. The acquired deal incorporated three plants located in Suape, Gaspar and São Paulo.
Author Credits: Parul Atri
Report ID: 2862
Published Date: Sep 23, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing consumption of bakery related food products and changing eating patterns of individuals is one of the major factors driving the market growth.
The market is anticipated to grow with a significant CAGR over the forecast period, i.e., 2021-2029.
The major players in the market are Conagra Foodservice, Inc., Seara International, Puratos NV/SA, Richardson International Ltd., BRF S.A., Upfield Group, and others.