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. The industrial margarine market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2029. 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.
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 industrial margarine 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.
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.
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 industrial margarine market in the future.
Our in-depth analysis of the global industrial margarine market includes the following segments:
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. The market for industrial margarine in North America is anticipated to hold the largest share in the market in the year 2021 on account of the presence of leading market players in the region which manufacture and market industrial margarine. 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. 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.
The global industrial margarine market is further classified on the basis of region as follows:
FREQUENTLY ASKED QUESTIONS
Increasing consumption of bakery related food products and changing eating patterns of individuals is one of the major factors driving the market growth.
The market is anticipated to grow with a significant CAGR over the forecast period, i.e., 2021-2029.
The major players in the market are Conagra Foodservice, Inc., Seara International, Puratos NV/SA, Richardson International Ltd., BRF S.A., Upfield Group, and others.
The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The industrial margarine market is segmented by source, product, type, application, and by region.
The plant source segment, which is a sub-segment of the source segment is anticipated to hold the largest market share on account of the ongoing trend for vegan lifestyle.
Concerns for the strict regulations for the approval of industrial margarine is one of the major factors estimated to act as barriers to the growth of the market.
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