Industrial Margarine Market Size, Share, Trends, Growth and Forecast 2032

Industrial Margarine Market Insights

According to a report from Zion Market Research, the global Industrial Margarine Market was valued at USD 2.74 Billion in 2023 and is projected to hit USD 3.93 Billion by 2032, with a compound annual growth rate (CAGR) of 4.1% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Industrial Margarine industry over the next decade.

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Global Industrial Margarine Market Overview:

Margarine is a non-dairy product made from animal fat and vegetable. Industrial margarine is used as an alternative for butter used for toppings, baking, spreads, and other cooking purposes. Developing economies such as India and China, in the upcoming years, are expected to experience strong growing demand for industrial margarine.

We also offer accurate market attractiveness analysis and help the customer in gaining insights into the industrial margarine market during the period from 2023-2032. Our study comprises of competitive strategies adopted by the key industry players based on the framework provided by the Porter’s Five Forces Model influencing the market. The report also includes the BCG matrix or growth-share matrix of some of the industry players. Additionally, our analysts also provide a perceptual map displaying the competitiveness of brands.

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The ZMR report covers all the trends and technologies playing a major role in the growth of the industrial margarine market over 2023-2032. Demand for industrial margarine is rising in developed regions like the USA and EU. The customer preference for organic products is growing, owing to which the companies are more interested in processing plant-based margarine. Moreover, manufacturers use margarine to cut down prices and offer products at lower prices to upsurge gain and profits a larger market share. Likewise, the growth in the confectionery, bakery, and convenience food segments, globally is driving the demand for margarine, as it is a lucrative substitute for butter. However, stringent regulations against the ingesting of industrially formed Trans-fat across various regions are hindering the growth of the global industrial margarine market. The WHO (World Health Organization) has released a program called replace to remove industrially produced Trans-fat totally from the worldwide food supply chain. This has led companies in the global industrial margarine market to focus on making new trans-fat-free margarine products.

The industrial margarine market is sectored into segments including source, type, form, and application. Based on the Source, the industrial margarine industry is sectored into plant and animal. Form-wise, the market is segmented into hard margarine and soft margarine. On the basis of type, the industrial margarine market is divided into butter blend, all-purpose, and spreadable.

Application-wise, the industry is divided into spreads & toppings, confectionery, convenience, bakery, and sauces. Additionally, bakery segment is anticipated to dominate the application landscape over 2024-2032 due to high demand for industrial margarine in bakery items production.

Region-wise, the market is sectored into North America, Europe, The Middle East and Africa, Asia Pacific, and Latin America. Apparently, North American market is expected to lead the regional market growth over forecast period due to high presence of reputed players in the region along with massive demand for low-fat food items in the countries like the U.S.  

The report includes PESTEL analysis and SWOT analysis that assists in the evaluation of the factors that influence the performance of each industry participant in the present scenario and over the forecast period. It also provides an insight into the competitive moves adopted by the key market players to gain a competitive advantage.

Industrial Margarine Market: Report Scope

Key Drivers:

Rapidly changing consumer food preferences and escalating demand for packaged food is anticipated to steer the growth of the industrial margarine market over the forecast timeframe. Apart from this, the lucrative application of the product in pastries, cakes, sweet rolls, puffs, croissants, sweet rolls, and biscuits is anticipated to prompt the market trends. Apparently, the humungous popularity of low-fat food items prepared in low-fat oil such as margarine will further enlarge the business scope over the forecast timeline.

The key players that are predicted to favorably influence the industrial margarine industry and profiled in the report include-

• Vandemoortele
• Currimjee Group
• Wilmar International Limited
• Fuji Oil Co. Ltd
• Kaneka Corporation
• EFKO Group
• Marinfood
• Gagar Foods
• Adeka Foods
• NMGK Group
• Royal Lacroix
• Sime Darby Oils S.A.
• Aigremont N.V.
• Bunge Limited
• Conagra Brands
• Puratos
• Richardson International Limited.

This report segments the industrial margarine market as follows:

Global Industrial Margarine Market: By Source Segment Analysis

• Plant

• Animal

Global Industrial Margarine Market: By Type Segment Analysis

• Butter Blend

• Spreadable

• All-Purpose

Global Industrial Margarine Market: By Form Segment Analysis

• Hard Margarine

• Soft Margarine

Global Industrial Margarine Market: By Application Segment Analysis

• Confectionery

• Convenience

• Spreads & Toppings

• Bakery

• Sauces

Global Industrial Margarine Market: By Regional Segment Analysis

• North America

  • U.S.

• Europe

  • UK

  • France

  • Germany

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East and Africa