Industrial Margarine Market
Industrial Margarine Market By Type (Spreadable, All-Purpose, Butter Blend), By Form (Hard, Soft), By Application (Food & Beverages, Nutritional/Dietary Supplements), & By Region - Global Forecast 2022-2032
Analysis of Industrial Margarine market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Industrial Margarine Market Outlook (2022-2032)
The global industrial margarine market is set to reach a valuation of US$ 2.49 billion in 2022 and further expand at a CAGR of 3.5% to end up at US$ 3.53 billion by 2032.
An increasing number of people are switching from butter to margarine due to health concerns about the harmful effects of saturated fats. Furthermore, high prevalence of lactose intolerance and rising consumer knowledge about margarine's dairy-free composition are fuelling demand for the product.
Industrial Margarine Market Size (2022E)
US$ 2.49 Billion
Forecasted Market Value (2032F)
US$ 3.53 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Market Share of Top 3 Countries
Key Companies Profiled
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Industrial Margarine Consumption Analysis (2017-2021) Vs. Market Forecasts (2022-2032)
Margarine, which is made by churning cream or milk, is a nutritious alternative to butter. Canola oil, palm fruit oil, and soybean oil are a few examples of plant-based oils used to make low-fat margarine.
Due to trade limitations, the COVID-19 pandemic had an impact on the market's supply of margarine goods. Due to a shortage of labourers with the necessary skills and fewer raw ingredients, many margarine production facilities had to close. The sales of in-store margarine products decreased significantly as a result of the forced closure of numerous businesses.
Due to constraints on the import and export of commodities and high freight costs, trade restrictions made the size of the margarine market even smaller. However, after things have returned to a new normal, with the health advantages of margarine, demand has increased again across the world.
With butter including saturated fats that have harmful effects on health, margarine sales have increased in recent years. To maintain their long-term health, consumers are turning to plant-based butter substitutes, which are anticipated to create new prospects for the margarine industry.
According to Fact.MR, a market research and competitive intelligence provider, the global industrial margarine market is projected to expand at 3.5% CAGR through 2032.
What’s Influencing Sales Graph of Industrial Margarine?
“Shifting Consumer Preference for Vegan & Organic Food Items”
Margarine used in the industry is a non-dairy substance. Butter is often replaced with industrial margarine; however, there are significant differences in the texture and flavour.
Proteins, water, and butterfat make up butter, whereas, refined vegetable oil and occasionally animal fat make up industrial margarine.
Both are used to enhance the flavour and texture of many food items, whether it is cooking, baking, or making spreads. Higher sales of industrial margarine in developing nations due to better value for money and varied uses is one of the primary factors driving the global market for industrial margarine.
To maintain health, an increasing number of individuals are turning to vegan and plant-based diets, including vegan margarine. As the population ages, people are switching to organic items that don't have any chemical ingredients. This is anticipated to increase the market share of heart-healthy margarine over the coming years.
“Strict Laws against Consumption of Trans Fats Made in Factories Stifling Market for Industrial Margarine”
The World Health Organization (WHO) has unveiled the Replace programme, which aims to remove trans fats from the world's food supply chain. Due to this, producers of industrial margarine are concentrating on creating new trans-fat-free margarine products.
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What Can New Market Entrants Learn from Key Industry Participants?
“Product Innovation & Increase in Variety of Margarine Products”
One of the main supply-side factors driving market expansion is the growing demand for cake and pastry items that come with several health benefits.
Natural ingredients in industrial margarine and lower product penetration in developing nations are creating opportunities for both, large - and small-scale businesses worldwide.
New market entrants can target untapped markets to improve their market stance and gain a foothold in this industry. Also, focusing on manufacturing trans-fat-free industrial margarine will be a good strategy to follow in the years ahead.
Recent Market Developments
Delica Pro Gold is brand-new liquid margarine made from plants, which was just introduced by upscale Dutch vegetable oil producer Bunge Loders Croklaan.
This was created primarily for commercial and artisan bakeries. The new plant-based margarine has a very good nutritional profile, is liquid, non-hydrogenated, environment-friendly, practical, and free of artificial ingredients.
The business claims that this cutting-edge fat mixture performs remarkably effectively.
“The production of liquid margarine without emulsifiers was the greatest hurdle, but we tackled it with a new production process,” says Bernd Brinkmann, Bunge Loders Croklaan's Innovation Director for EMEA.
Which Regional Market is Lucrative for Industrial Margarine Producers?
“North America Handsomely Leads Industrial Margarine Market Due to High Demand from Food Processing Sector”
North America, which commands a sizeable portion of the worldwide industrial margarine market, is followed by Europe and Asia Pacific.
Due to its significant application in food processing, the North American region consumes the most margarine spread. North America is likely to hold 30.7% of the global market share in 2022.
The second-largest market for industrial margarine is Europe. In 2022, Europe is expected to account for 24.4% of the global market share.
Consumption is constantly rising in developing regions such as Asia Pacific and South America. Main manufacturers and buyers of industrial margarine in the Asia Pacific region are China and India. Rise in the demand for industrial margarine is the result of rising consumer disposable income, particularly in developing nations.
Which Application Accounts for High Use of Industrial Margarine?
“Substantial Use of Industrial Margarine in Food Sector Due to Rising Demand for Food & Confectionery Products”
Demand for margarine is anticipated to rise as a result of end-use applications for margarine products in the food sector.
Industrial margarine is widely used for these items due to the increased demand for bread and confectionery goods in the food industry. Margarine serves as an emulsifier, giving the finished product organoleptic properties and extending shelf life.
This is encouraging the baking industry's demand for industrial margarine.
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To meet consumer demand for healthy products, major margarine firms are investing in the introduction of new flavours of margarine products. To extend the shelf life of their products, they are investing in the development of technologies and packaging.
Dairy-free, gluten-free, vegan, and non-GMO margarine are all products of the margarine industry. There are even macarons made specifically for persons who cannot tolerate lactose.
Major players in the industrial margarine industry are investing in product development to create novel products with unusual creamy textures and flavours.
- A farmer-owned cooperative called Land O'Lakes, Inc. has launched innovative packaging for its consumer-facing LAND O LAKES® products that feature the organization's farmers. A new front-of-package design that has the words "Farmer-Owned" above the LAND O LAKES brand symbol, "Since 1921" beneath it, and a vivid graphic of land and lakes are just a few ways that the new packaging will be noticeable.
Key Segments Covered in Industrial Margarine Industry Research
Industrial Margarine Market by Type :
- Spreadable Industrial Margarine
- All-Purpose Industrial Margarine
- Butter Blends
Industrial Margarine Market by Form :
- Hard Industrial Margarine
- Soft Industrial Margarine
Industrial Margarine Market by Application :
- Food & Beverages
- Bakery Products
- Sauces and Dressings
- Dairy and Ice-cream
- Ready to Eat Meals
- Baby Food
- Nutritional/Dietary Supplements
- Food & Beverages
Industrial Margarine Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
What is the global industrial margarine market size?
The global industrial margarine market is currently valued at US$ 2.49 billion.
What is the predicted growth rate for the industrial margarine market?
Sales of industrial margarine are set to increase at 3.5% CAGR through 2032.
What is the study period of the industrial margarine market report?
The industrial margarine market has been studied from 2017 to 2032.
What market share is held by North America?
North America currently holds 30.7% share of the industrial margarine market.