[Research Report] The industrial margarine market was valued at US$ 2,480.0 million in 2018 and is projected to reach US$ 3,330.4 million by 2027; it is expected to grow at a CAGR of 3.4% from 2019 to 2027.
Industrial margarine is a dairy product that is used as a substitute for butter. While both industrial margarine and butter are used to improve the flavor of a variety of dishes, they have distinct characteristics. Water, proteins, and butterfat make up butter, while animal fat and/or processed vegetable oil make up industrial margarine.
The industrial margarine market in North America is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the rising prevalence of diseases such as diabetes, high blood pressure, and constipation, as consumers are becoming more health-conscious. Owing to this, food producers in the United States are focusing on manufacturing trans-fat-free margarine products. The rising demand for industrial margarine is fueled by the number of new modified margarine product launches by margarine manufacturers, such as low-fat or fat-free spreads and fortified margarine with vitamin D-fortified milk. The rising demand for industrial margarine in North America has attracted the manufacturers to establish their presence in the region, which has further fueled the growth of the industrial margarine market in Europe.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Industrial Margarine Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Industrial Margarine Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Impact of COVID-19 Pandemic on Industrial Margarine Market
The COVID-19 outbreak adversely affects economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages are among the significant industries suffering from severe disruptions such as restrictions on the supply chain and shutdown of production plants. The global effects of the coronavirus disease 2019 (COVID-19) are already being felt, and the Block Margarine demand in 2020 will be significantly affected. COVID-19 has influenced consumer behavior and demand, buying habits, supply chain rerouting, market dynamics, and government interference. Thus, these factors are restraining the growth of the industrial margarine market in the food and beverage industry.
Market Insights
Increasing Demand For Low-Calorie Food Items Is Expected to Fuel Industrial margarine Market Growth
The industrial margarine market is growing due to the increasing demand for low-fat foods and beverages as a result of evolving lifestyles and rising health consciousness. Young people are becoming more aware of the health benefits of eating a balanced diet, such as avoiding obesity and diabetes. Market growth should be aided by an increase in the number of low-calorie food items stocked by supermarkets, as well as major research and development efforts undertaken by manufacturers to broaden their product range and sell better products at low prices. Vandemoortele, Unilever Plc, Richardson International Limited, and Conagra Brands, Inc. are among the major manufacturers of industrial margarine that sell low-calorie industrial margarine to appeal to the health-conscious younger generation.
Type Insights
Based on type, the industrial margarine market is bifurcated into spreadable margarine, all-purpose industrial margarine, and butter blend. The spreadable industrial margarine segment accounted for a larger market share in 2018. When compared to butter, industrial margarine has better spreadability at room temperature. Because of its superior spreadability to butter, margarine has become a more popular and less costly table spread. Industrial margarine is still a common toast and bread spread. It is commonly used as a substitute for more costly butter due to its smoothness and creamy texture. Margarine spreads are often low in cholesterol and trans fats, making them a balanced alternative. The low LDL cholesterol in industrial margarine is likely to drive the market, as it is increasingly consumed by cholesterol-conscious consumers.
Thus, all are expected to propel the demand for the industrial margarine during the forecast period.
Application Insights
Based on application, the industrial margarine market is segmented into bakery, spreads, sauces & toppings, confectionery, convenience food, and others. The bakery segment accounted for the largest market share in 2018. Croissant margarine, hard puff margarine, buttercream margarine, cake margarine, and puff pastry margarine are the most popular types of industrial margarine used in the baking industry. Margarine is used to produce wheat dough tender in a variety of baked goods. Bakers prefer margarine because of its soft texture, which makes it easy to whip up buttercream frosting or cream sugar for a sponge cake. Danish Pastries are made with margarine that is rolled in. Stick margarine, also known as a block or rough margarine, has a texture similar to butter and is thus used as a butter substitute in baking and cooking. During the forecast period, rising bakery joint consumption of industrial margarine is expected to fuel demand for the product.
A few players operating in the industrial margarine market are Associated British Foods, Bunge Limited, Conagra Foodservice, Inc., EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortele, and Wilmar International Limited among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
Industrial Margarine Market Regional Insights
The regional trends and factors influencing the Industrial Margarine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Margarine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Industrial Margarine Market
Industrial Margarine Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 2.48 Billion |
| Market Size by 2027 | US$ 3.33 Billion |
| Global CAGR (2018 - 2027) | 3.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Industrial Margarine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Industrial Margarine Market are:
- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Industrial Margarine Market top key players overview
Report Spotlights
- Progressive industry trends in the industrial margarine market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the industrial margarine market from 2019 to 2027
- Estimation of global demand for industrial margarine
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the industrial margarine market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the industrial margarine market size at various nodes
- Detailed overview and segmentation of the market, as well as the industrial margarine industry dynamics
- Size of the industrial margarine market in various regions with promising growth opportunities
Industrial margarine Market- by Application
- Bakery
- Spreads Sauces and Toppings
- Confectionery
- Convenience Food
- Others
Industrial margarine Market – by Type
- Spreadable Margarine
- All-Purpose Industrial Margarine
- Butter Blend
Industrial margarine Market – by Source
- Animal Source
- Plant Source
Industrial margarine Market – by Form
- Hard Industrial Margarine
- Soft Industrial Margarine
Company Profiles
- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortele
- Wilmar International Ltd.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application ; Type ; Source ; Form , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Bakery accounted to be the most widely used application for industrial margarine market. . In various baked goods margarine is used in the preparation of wheat dough so as to make it tender. Margarine has been the choice ingredient of bakers as its soft texture makes it light work to whip up into buttercream frosting or to cream into sugar for a sponge cake. Roll-in margarine is used in preparation of Danish Pastries. Stick margarine, also known by names such as block or hard margarine, have the same texture as butter, and therefore used as substitutes for baking and cooking.
The rising application of industrial margarine in the bakery industry has been one of the major key factors driving the growth of this market. Industrial margarine is widely used in making bakery items and other food processing industries. It is used in puff pastries, croissants, cakes, bread, chocolate, sweet rolls, cookies, and biscuits. Since cost of margarine and fat content is lower as compared to butter, it is preferred by most bakers, food processors, and foodservice providers like hotels, restaurants, and cafes (HORECA).
The North America accounted for the largest market in the industrial margarine region. Several domestic and international companies have a strong foothold in the North American region. In the North America region, the US is a major market for industrial margarine. Margarine is used as a functional and less expensive butter replacement that provides both richness and stability to finished baked goods without jeopardizing flavor.
Trends and growth analysis reports related to Food and Beverages : READ MORE..
The List of Companies
- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortele
- Wilmar International Ltd
Get Free Sample For