$4550
$2730
[Research Report] The industrial margarine market was valued at US$ 2,480.0 million in 2018 and is projected to reach US$ 3,330.4 million by 2027; it is expected to grow at a CAGR of 3.4% from 2019 to 2027.
Industrial margarine is a dairy product that is used as a substitute for butter. While both industrial margarine and butter are used to improve the flavor of a variety of dishes, they have distinct characteristics. Water, proteins, and butterfat make up butter, while animal fat and/or processed vegetable oil make up industrial margarine.
The industrial margarine market in North America is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the rising prevalence of diseases such as diabetes, high blood pressure, and constipation, as consumers are becoming more health-conscious. Owing to this, food producers in the United States are focusing on manufacturing trans-fat-free margarine products. The rising demand for industrial margarine is fueled by the number of new modified margarine product launches by margarine manufacturers, such as low-fat or fat-free spreads and fortified margarine with vitamin D-fortified milk. The rising demand for industrial margarine in North America has attracted the manufacturers to establish their presence in the region, which has further fueled the growth of the industrial margarine market in Europe.
Impact of COVID-19 Pandemic on Industrial Margarine Market
The COVID-19 outbreak adversely affects economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages are among the significant industries suffering from severe disruptions such as restrictions on the supply chain and shutdown of production plants. The global effects of the coronavirus disease 2019 (COVID-19) are already being felt, and the Block Margarine demand in 2020 will be significantly affected. COVID-19 has influenced consumer behavior and demand, buying habits, supply chain rerouting, market dynamics, and government interference. Thus, these factors are restraining the growth of the industrial margarine market in the food and beverage industry.
Industrial Margarine Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Increasing Demand For Low-Calorie Food Items Is Expected to Fuel Industrial margarine Market Growth
The industrial margarine market is growing due to the increasing demand for low-fat foods and beverages as a result of evolving lifestyles and rising health consciousness. Young people are becoming more aware of the health benefits of eating a balanced diet, such as avoiding obesity and diabetes. Market growth should be aided by an increase in the number of low-calorie food items stocked by supermarkets, as well as major research and development efforts undertaken by manufacturers to broaden their product range and sell better products at low prices. Vandemoortele, Unilever Plc, Richardson International Limited, and Conagra Brands, Inc. are among the major manufacturers of industrial margarine that sell low-calorie industrial margarine to appeal to the health-conscious younger generation.
Type Insights
Based on type, the industrial margarine market is bifurcated into spreadable margarine, all-purpose industrial margarine, and butter blend. The spreadable industrial margarine segment accounted for a larger market share in 2018. When compared to butter, industrial margarine has better spreadability at room temperature. Because of its superior spreadability to butter, margarine has become a more popular and less costly table spread. Industrial margarine is still a common toast and bread spread. It is commonly used as a substitute for more costly butter due to its smoothness and creamy texture. Margarine spreads are often low in cholesterol and trans fats, making them a balanced alternative. The low LDL cholesterol in industrial margarine is likely to drive the market, as it is increasingly consumed by cholesterol-conscious consumers.
Thus, all are expected to propel the demand for the industrial margarine during the forecast period.
Industrial Margarine Market, by Application– 2018 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Application Insights
Based on application, the industrial margarine market is segmented into bakery, spreads, sauces & toppings, confectionery, convenience food, and others. The bakery segment accounted for the largest market share in 2018. Croissant margarine, hard puff margarine, buttercream margarine, cake margarine, and puff pastry margarine are the most popular types of industrial margarine used in the baking industry. Margarine is used to produce wheat dough tender in a variety of baked goods. Bakers prefer margarine because of its soft texture, which makes it easy to whip up buttercream frosting or cream sugar for a sponge cake. Danish Pastries are made with margarine that is rolled in. Stick margarine, also known as a block or rough margarine, has a texture similar to butter and is thus used as a butter substitute in baking and cooking. During the forecast period, rising bakery joint consumption of industrial margarine is expected to fuel demand for the product.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Margarine Market: Strategic Insights
Market Size Value in US$ 2,480.0 Million in 2018 Market Size Value by US$ 3,330.4 Million by 2027 Growth rate CAGR of 3.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Industrial Margarine Market: Strategic Insights
Market Size Value in | US$ 2,480.0 Million in 2018 |
Market Size Value by | US$ 3,330.4 Million by 2027 |
Growth rate | CAGR of 3.4% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystA few players operating in the industrial margarine market are Associated British Foods, Bunge Limited, Conagra Foodservice, Inc., EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortele, and Wilmar International Limited among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the industrial margarine market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the industrial margarine market from 2019 to 2027
- Estimation of global demand for industrial margarine
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the industrial margarine market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the industrial margarine market size at various nodes
- Detailed overview and segmentation of the market, as well as the industrial margarine industry dynamics
- Size of the industrial margarine market in various regions with promising growth opportunities
Industrial margarine Market- by Application
- Bakery
- Spreads Sauces and Toppings
- Confectionery
- Convenience Food
- Others
Industrial margarine Market – by Type
- Spreadable Margarine
- All-Purpose Industrial Margarine
- Butter Blend
Industrial margarine Market – by Source
- Animal Source
- Plant Source
Industrial margarine Market – by Form
- Hard Industrial Margarine
- Soft Industrial Margarine
Company Profiles
- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortele
- Wilmar International Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application ; Type ; Source ; Form , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The rising application of industrial margarine in the bakery industry has been one of the major key factors driving the growth of this market. 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 North America accounted for the largest market in the industrial margarine region. Several domestic and international companies have a strong foothold in the North American region. In the North America region, the US is a major market for industrial margarine. Margarine is used as a functional and less expensive butter replacement that provides both richness and stability to finished baked goods without jeopardizing flavor.
Bakery accounted to be the most widely used application for industrial margarine market. . 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 preparation of Danish Pastries. Stick margarine, also known by names such as block or hard margarine, have the same texture as butter, and therefore used as substitutes for baking and cooking.
The List of Companies
- Bunge Limited
- Associated British Foods plc.
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortele
- Wilmar International Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Industrial Margarine Market
Dec 2019
Corn and Wheat-Based Feed Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)], Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others), and Geography
Dec 2019
Icing and Frosting Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Icing and Frosting), Category (Gluten-Free and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others), and Geography
Dec 2019
Fermented Flavor and Fragrance Ingredients Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Fruity, Floral, Woody, Blends, and Others), Application (Food and Beverages, Personal Care Products, Cosmetics, and Others), and Geography
Dec 2019
Aroma Ingredients for Food and Beverages Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)] and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)
Dec 2019
High-End Rum Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (White, Dark, and Gold), Category (Super Premium, Ultra-Premium, and Prestige & Prestige Plus), Nature (Plain and Flavored), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Dec 2019
Edible Oils and Fats Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Oil (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others) and Fats (Butter, Margarine, Palm Oil Based Shortening, and Vegetable Oil Based Shortening, and Others)] and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals]
Dec 2019
Flavor Masking Agents for Food and Beverages Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Sweet, Salt, Fat, Bitter, and Others) and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Meat, Poultry, and Seafood; Meat Substitutes; Dairy Alternatives; RTE and RTC Meals; and Others)
Dec 2019
Chicken Powder Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Low-Fat and Conventional) and Application [Food & Beverages (RTE and RTC Meals; Soups, Sauces, and Dressings; Savory Snacks; Noodles and Pastas; and Others), Dietary Supplements, Pet Food, and Animal Feed]