Industrial Margarine Market is Expected to Grow at a CAGR of 3.4% from 2019 - 2027

Latest market study on "Global Industrial Margarine Market to 2027 - Analysis and Forecasts by Application (Bakery, Spreads Sauces and Toppings, Confectionery, Convenience Food, Others); Type (Spreadable Margarine, All-Purpose Industrial Margarine, Butter Blend); Source (Animal Source, Plant Source); Form (Hard Industrial Margarine, Soft Industrial Margarine), and Geography", The global industrial margarine market is accounted to US$ 2,480.0 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 - 2027, to account to US$ 3,330.4 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The North American region accounted for the largest share in the global industrial margarine market. The companies are continuously enhancing the overall business processes to meet the customers’ demands in the best possible way. Several domestic and international companies have a strong foothold in the North American region. In the North America region, the US is the dominating market for industrial margarine. The increasing number of new modified margarine product launches by margarine manufacturers such as low-fat or fat-free spreads and fortified margarine with milk containing vitamin D act as catalysts for the growth in demand for industrial margarine. Major market players present in the North America industrial margarine market, includes Associated British Foods, Bunge Limited, and Conagra Foodservice, Inc., among others.

Extensive application of industrial margarine in bakery, food service and food processing industries provides an opportunity for the industrial margarine market growth

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 growing consumption of industrial margarine by fast food chains and bakeries is fostering the growth of the global industrial margarine market. Manufacturers in the bakery industry are using industrial margarine on a large scale to increase the sales by offering low-fat and low-calorie baked products while targeting health-conscious consumers. In HORECA, margarine is used as spreads, toppings for dishes like pizza, pasta, and burger, stir-fried vegetables, and many more. Industrial Margarine is quite popular among the consumers of Italy, Spain, Russia, The UK, and The US. There is a growing demand for vegan bakery products, confectionaries, and convenience food among consumers who do not prefer dairy-based food items. The need for replacements for butter derived from milk is driving the demand for plant-based (vegan) industrial margarine.

A Surge in demand for low-calorie food items is expected to boost the demand for industrial margarine

Growing concern about weight management and rise in calorie consciousness among the consumers in developed and developing countries in North America, Europe, and Asia-Pacific such as the US, the UK, India, and China has created a high demand for foods low in cholesterol and unhealthy fats. There is a growing demand for low-fat food & beverages owing to changing lifestyles and rising health consciousness, which in turn is driving the growth of the industrial margarine market. Millennials and Generation Z are actively adopting healthy diets low in fats, cholesterol, and calories. Industrial margarine remains a popular spread for many millennials owing to its low price and health benefits. Some of the major manufacturers involved in producing industrial margarine such as Vandemoortele, Unilever Plc, Richardson International Limited, and Conagra Brands, Inc. are offering low-calorie industrial margarine to cater to the health-conscious younger generation.

Type Insights

Based on the type, the global industrial margarine market has been segmented into spreadable margarine, all-purpose industrial margarine, and butter blend. Under the type segment, the spreadable industrial margarine market is projected to grow at the fastest pace over the forecast period. Industrial margarine shows good spread-ability at refrigeration temperature as compared to butter. The attribute of good spread-ability of margarine in comparison to butter has made margarine a more popular and less expensive table spread. Industrial margarine remains a popular spread used on toast and bread. Owing to its smoothness and creamy texture, it is widely used as a replacement to the more expensive butter. Margarine spreads are also low in cholesterol and trans-fats and hence are considered a healthy option. The low LDL cholesterol in industrial margarine is likely to drive the market for industrial margarine, as it is growing consumed by the cholesterol conscious people.

Application Insights

The global industrial margarine market by application has been segmented into bakery, spreads, sauces & toppings, confectionery, convenience food, and others. The bakery segment accounted for the largest share of the global industrial market in terms of revenue generated. The most common varieties of industrial margarine used by the bakery industry are buttercream margarine, croissant margarine, hard puff margarine, cake margarine, and puff pastry margarine. 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 the preparation of Danish Pastries. Stick margarine, also known by names such as block or hard margarine, has the same texture as butter, and therefore used as substitutes for baking and cooking. The growing consumption of industrial margarine by bakery joints is expected to drive the demand for industrial margarine during the forecast period.

The List of Companies

1. Bunge Limited
2. Associated British Foods plc.
3. Conagra Brands, Inc.
4. EFKO Group
5. Fuji Oil Europe
6. NMGK Group
7. Puratos
8. Richardson International Limited
9. Vandemoortele
10. Wilmar International Ltd

Reasons To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global industrial margarine market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.