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

Europe Industrial Hard Margarine Market

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  CAGR (2022 - 2028)

  2.8%
• Market Size 2022
  US$ 719.52 Million
• Market Size 2028
  US$ 848.26 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• 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

Regional Overview

• Europe

Market Segmentation

Type

• Spreadable
• All-Purpose
• Butter Blend

Application

• Bakery & Confectionery
• RTE & RTC Food
• Meat & Dairy Substitutes

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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

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

Access Data

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

Europe Industrial Hard Margarine Market Report Scope