Introduction to Industrial Margarine
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.
Market Size and Forecast
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.
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 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.
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.
Restraints
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 industrial margarine market in the future.
Market Segmentation
Our in-depth analysis of the global industrial margarine market includes the following segments:
By Source
- Plants
- Animals
By Product
- Traditional Margarine
- Liquid Margarine
- Others
By Type
- Spreadable
- Non-spreadable
By Application
- Bakery
- Confectionery
- Sauces
- Spreads & Toppings
- Processed Foods
- Others
By Region
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:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- 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.
