What is the global market size of Industrial Margarine Market?

Industrial Margarine Market size was valued at USD 2.67 Billion in 2022 and is poised to grow from USD 2.81 Billion in 2023 to USD 4.18 Billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).

Industrial Margarine Market Size

Industrial Margarine Market Insights

Industrial Margarine Market size was valued at USD 2.81 Billion in 2023 and is poised to grow from USD 2.95 Billion in 2024 to USD 4.39 Billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

Industrial margarine is a dairy product used to replace butter in recipes. Butter and commercial margarine are both used to enhance the flavour of a range of foods, yet they both have unique qualities. Butter is made of water, proteins, and butterfat, whereas commercial margarine is made of animal fat or refined vegetable oil. In the food processing sector, margarine serves as an emulsifier and provides organoleptic qualities to food items, such as a rich flavour and smooth texture.

Customers who choose low-calorie and low-fat food products are in need of alternatives to oil and butter for bakery items like pastries and cakes. In an established and stagnating industry, manufacturers of bakery and confectionery items are addressing customers by incorporating low-calorie products into their product portfolios. The aforementioned element is one of the main trends in the bread industry, and as a result, it helps the market for industrial margarine expand.

One of the key elements fueling the expansion of the global industrial margarine market is the rise in margarine consumption. Improvements in oil refining techniques and margarine compounding techniques have led to the manufacture of goods of exceptional quality that nearly resemble butter in flavour, consistency, and nutritional qualities, which has hastened the increase in the use of margarine.

US Industrial Margarine Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Global Industrial Margarine Market is slightly fragmented with major global players. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies such as innovations, mergers, and acquisitions, collaborations and partnerships. Key players in the market include BRF, ConAgra, Dairy Crest, Fu Ji Oil and Goodman Fielder. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Wilmar International Ltd. (Singapore) ', 'Bunge Limited (USA) ', 'Puratos Group N.V. (Belgium) ', 'Fuji Oil Holdings Inc. (Japan) ', 'Richardson International Limited (Canada) ', 'NMGK Group (Russia) ', 'EFKO Group (Russia) ', 'Vandemoortele N.V. (Belgium) ', 'Cargill, Incorporated (USA) ', 'Conagra Brands Inc. (USA) ', 'Royale Lacroix SA (Belgium) ', 'Currimjee Group (Mauritius) ', 'ADM (Archer Daniels Midland Company) (USA) ', 'Aigremont N.V. (Belgium) ', 'Bunge Loders Croklaan (Netherlands) ', 'AAK AB (Sweden) ', 'Kerry Group plc (Ireland) ', 'Olenex (Switzerland) ', 'Mewah Group (Singapore) '

Global industrial margarine market is expanding as a result of key elements including reduced margarine pricing and a lower fat content than butter. The demand for the sector is also anticipated to be driven by the fast expansion of the bakery and confectionery markets in developing nations like China and India. Due to its organoleptic qualities, margarine has seen an increase in demand as a result of the shift in emphasis toward quickly and conveniently prepared food, busy lives, and increasing westernisation of culinary dishes. Because of the increasing demand for confectionery and bakery goods, the product is widely employed in the food and beverage sector.

Industries are developing different butter substitutes to cater to consumer needs. One of these includes shea-based margarine. The shea-based margarine is made utilising a crystallisation technique that yields outstanding plasticity and workability on manufacturing lines, improving the height and flakiness of the dough. It is free of preservatives and artificial colours. While customers want non-hydrogenated, sustainable alternatives to palm and GMO oils as well as healthier goods, bakeries and baking enterprises are looking for plant-based margarine substitutes with superior functionality and flavour. Shea is an excellent choice for margarine manufacture since its fat content allows it to keep constant firmness at room temperature without forming undesirable trans fats. In comparison to butter, the new shea margarine has less saturated fat and is entirely devoid of trans fat. Better mouthfeel and a speedier flavour release result from these enhanced sensory qualities, while awarding a more durable crispiness.

North America held the largest Global Industrial Margarine Market share in 2023. Due to the increased prevalence of ailments including high blood pressure, constipation, and diabetes that have been driving the market for industrial margarine, the market is primarily driven by health-conscious consumers. Margarine is a common ingredient used in the creation of many food items in this region by the food processing industry. The worldwide industrial market in North America is anticipated to be driven by the increase in margarine products being introduced by margarine makers, such as additive-free, fat-free, low-fat, and fortified margarine. As a result of the excessive use of dairy-based fats, diseases associated with busy lifestyles such as obesity, diabetes, cancer, hypertension, and others are on the rise. This has caused consumers to turn to healthier alternatives. Therefore, the food manufacturers in the aforementioned location are concentrating on creating margarine products without any trans-fat.