Industrial Margarine Market Size & Share, by Source (Plants and Animals); Product (Traditional Margarine, Liquid Margarine); Type (Spreadable and Non-Spreadable); Application (Bakery, Confectionery, Sauces, Spreads & Toppings, Processed Foods) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2862
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Industrial Margarine Market size was over USD 2.75 billion in 2023 and is anticipated to reach USD 4.93 billion by the end of 2036, growing at around 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial margarine is assessed at USD 2.85 billion.

Industrial margarine is an all-purpose margarine suitable for industrial uses related to baking. It is a butter substitute that is made from one or more vegetable or animal fats or oils which have been solidified by the process of hydrogenation. Depending on the type of margarine, the process can be fully hydrogenated, causing the oils to solidify, or partially hydrogenated, causing the semisolid oils to be lighter and more spreadable with more water and carbohydrates. Industrial margarine is used in cooking and as a spread which act as an emulsifier, providing organoleptic characteristics to the final product and also increases shelf-life. Nutritionally, margarine is treated as one of the primary sources of calories. Increasing consumption of bakery and related food products and changing eating habits of the global population combined with the growing awareness towards healthy fats are some of the significant factors boosting the market growth.


Industrial Margarine Market Share
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Industrial Margarine Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Consumption of Bakery and Confectionery Food Products to Boost the Market Growth
    The rapid growth in processed food industry as well as increased consumption of bakery, confectionary and dairy products, are some of the factors anticipated to fuel the growth of the global market. In the bakery industry, industrial margarine is widely used as an ingredient in cakes, pastries, doughnuts, and cookies owing to its ideal aeration properties, such as ability to add volume and to give mild flavor and texture to the bakery products. Moreover, it is a cost-effective substitute for butter and other fat-soluble items on account of its comparatively lower trans-fat content. Further, leading manufacturers across the globe are focusing on innovative developed margarine products with non-GMO and allergen-free properties, which is further anticipated to significantly expand the growth of the global industrial margarine market during the forecast period.
  • Changing Eating Habits Among People to Drive the Market Growth
    With the rising changes in the eating behavior of people, the demand for bakery products have gained significant popularity among the global population. Moreover, owing to the rising concerns amongst individuals for the ill health effects of saturated fat and trans-fat such as increase in high blood pressure, heart disorders, and diabetes among others, consumers are shifting towards food products made with healthy products, such as industrial margarine. According to World Health Organization (WHO), intake of saturated fats should be less than 10% of total energy intake, and intake of trans-fats less than 1% of total energy intake. Furthermore, unlike butter, industrial margarine is rich in polyunsaturated fat that can lower bad cholesterol in body and is also often recommended as a heart-healthy replacement. On the back of such factors, the global industrial margarine market is predicted to grow significantly over the forecast period.

Challenges

  • Stringent Regulations to Hamper the Market Growth
    Despite the growing usage of industrial margarine, there are stringent regulations associated with approval of such types of food ingredients which may negatively affect the growth of global market in the future.

Industrial Margarine Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

4.6%

Base Year Market Size (2023)

USD 2.75 billion

Forecast Year Market Size (2036)

USD 4.93 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Industrial Margarine Segmentation

The market is segmented by source into plants and animals. Among these segments, the segment for plants is anticipated to hold the leading share in the market by the end of 2029 on account of increasing number of people opting for vegetarian foods and vegan lifestyle. Furthermore, plant as a source is widely preferred by industrial margarine manufacturers as it provides greater control to the manufacturers to maintain the level of hydrogenation.

Our in-depth analysis of the global market includes the following segments

By Source

  • Plants
  • Animals

By Product

  • Traditional Margarine
  • Liquid Margarine
  • Others

By Type

  • Spreadable
  • Non-spreadable

By Application

  • Surgical and Medical Instruments
  • Diagnostic Products and Disposables Supplies
  • Pharmaceutical and Biological
  • Medical Implants

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Industrial Margarine Industry - Regional Synopsis

North America Market Statistics

On the basis of regional analysis, the global industrial margarine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is predicted to hold largest revenue share by 2036, owing to increasing health awareness among consumers, and need for healthy food products in the region. Moreover, owing to the increasing health awareness among consumers and the need for healthy food products in this region is further anticipated to raise the demand for industrial margarine amongst the food manufacturers.

APAC Market Analysis

 The market in Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of the significant rise in consumption of processed food products. Additionally, the increase in demand for trans-fat free products is further projected to raise the demand for industrial margarine in Asia Pacific.

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Companies Dominating the Industrial Margarine Landscape

    • Conagra Foodservice, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Seara International
    • Puratos NV/SA
    • Richardson International Ltd.
    • BRF S.A.
    • Upfield Group
    • Fuji Oil Asia Pte. Ltd.
    • NMGK Group
    • EFKO Group
    • Wilmar International Ltd.

In the News

  • 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
Industrial Margarine Market Report Scope
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