Industrial Margarine Market by Type, Source, Form, Application

List of Tables

[190 Pages Report] The Industrial Margarine Market size was estimated at USD 4.51 billion in 2023 and expected to reach USD 4.71 billion in 2024, at a CAGR 4.81% to reach USD 6.27 billion by 2030.

Industrial margarine is used in the food industry as an alternative to butter used as toppings, spreads, baking, and other cooking purposes. It is made from vegetable oils, such as palm, canola, or sunflower oil, and can be used in many baking and cooking applications. Margarine acts as an emulsifier in food applications and offers organoleptic characteristics to the end-user product apart from increasing the shelf-life. The use of margarine as a substitute for butter in baking and cooking has witnessed a notable driving factor of the market due to its cost-effectiveness compared to butter makes it appealing to both large-scale food production and budget-conscious consumers. The inclination toward convenient and instantly processed food, busy lifestyles, rising westernization of food dishes, and growing demand for confectionery and bakery products have led to the increased demand for industrial margarine products. However, strict regulations of government against the consumption and manufacturing of industrially-manufactured trans fats and composition, labeling, food safety, and advertising of the industrial margarine market may hinder the growth of the market. Moreover, the introduction of new products, significant expansion of production capacities, and improvement in margarine production & processing techniques to enhance product quality, functionality, and efficiency have created a lucrative market opportunity in the forecasted period.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.51 billion
Estimated Year [2024]	USD 4.71 billion
Forecast Year [2030]	USD 6.27 billion
CAGR (%)	4.81%

Type: Utilization of margarine in varied food products offering texture and flavor

Industrial margarine is categorized into various types, each tailored to specific culinary applications and consumer preferences. All-purpose margarine is a versatile option designed for baking and cooking, providing a desirable texture and flavor. Butter blend margarine, on the other hand, combines the rich taste of butter with the ease and health benefits of margarine, making it an ideal choice for consumers seeking a balance between flavor and functionality. Moreover, spreadable margarine stands out for its convenience and ease of use, with a soft, creamy consistency that remains spreadable in refrigerated conditions. This type is prevalent for directly applying breads, toasts, and other similar food items.

Application: Adoption of industrial margarine in bakery and convenience foods due to their demands for quality, taste, and nutrition

Industrial margarine is a critical ingredient in the food production sector, playing a versatile role across various applications such as bakery, confectionery, convenience foods, spreads, sauces, and toppings. In bakery products, it is prized for its ability to enhance texture, flavor, and shelf life, which is integral in creating pastries, breads, and other baked goods. Confectionery items benefit from its consistency and mouthfeel, making it a choice ingredient in chocolates and sweets. Convenience foods rely on industrial margarine for its functional properties that contribute to easy cooking, while its application in spreads offers a balanced blend of taste and health benefits. Moreover, sauces and toppings achieve a seamless and rich consistency with the inclusion of industrial margarine, elevating the taste profiles of numerous dishes. This wide-ranging applicability underscores the indispensable role of industrial margarine in the food industry, catering to the evolving demands for quality, taste, and nutrition.

Regional Insights

High consumption of bakery products, rise in imports of margarine, and increasing demand for margarine products such as spreads and sauces from the food service sector is expanding the usage of industrial margarine in the Americas. The rapid expansion of food industries, growing consumption and popularity of fast food products, and rising demand for cost-effective alternatives for butter are subsequently increasing the use of industrial margarine in the APAC region. Additionally, rising trade activities and well-established food safety and labeling regulations are expected to propel the growth of industrial margarine in the APAC region. Europe, the Middle East, and Africa region represent significant growth prospects for the Industrial margarine market owing to the immense consumption of bakery products and the potential presence of margarine manufacturers. Additionally, manufacturers are adopting technologically advanced production methods to manufacture industrial margarine and introducing various innovative products, such as plant-based margarine, which is anticipated to encourage the growth of the industrial margarine market worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Margarine Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Margarine Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Margarine Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Adeka Corporation, Archer-Daniels-Midland Company, Aveno NV, BRF S.A., Bunge Limited, Cargill, Incorporated, Conagra Brands, Inc., Currimjee Jeewanjee and Company Limited, EFKO Group, FGV Holdings Berhad, Fuji Oil Holdings Inc., Gagar Foods Pvt.Ltd., Golden Agri-Resources Ltd., IFFCO Group, IPSA spa, Kaneka Corporation, KTC Edibles, Land O'Lakes, Inc., Lewes Dairy, Margarine Thibault, Nisshin Oillio Group, Ltd., NMGK Group of Companies, Peerless Holdings Pty Ltd., Puratos NV/SA, Remia CV, Richardson International Limited, Rogerio Leal, SA, Royale Lacroix SA, s.a. Aigremont n.v., Savola Foods by Savola Group, Seprod Limited, SIA Agro Company, Sime Darby Plantation Berhad, Sinar Meadow, Upfield B.V., Vandemoortele NV, Ventura Foods, LLC, VORTELLA Lebensmittelwerk W, Wilmar International Limited, YIldIz Holding A.S., Zeelandia International, and Zer Group.

Market Segmentation & Coverage

This research report categorizes the Industrial Margarine Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- All-Purpose
- Butter Blend
- Spreadable

Source
- Animal
- Plant
- Plant & Animal Blends

Form
- Hard
- Soft

Application
- Bakery
- Confectionery
- Convenience Food
- Spreads, Sauces, & Toppings

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Margarine Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Margarine Market?

3. What are the technology trends and regulatory frameworks in the Industrial Margarine Market?

4. What is the market share of the leading vendors in the Industrial Margarine Market?

5. Which modes and strategic moves are suitable for entering the Industrial Margarine Market?

Product Code: MRR-43127F727925

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in the use of margarine as a substitute for butter in baking and cooking
  - 5.1.1.2. Growing consumer inclination toward vegetarian and vegan diets in economies
- 5.1.2. Restraints
  - 5.1.2.1. Potential health risks associated with margarine and instances of product recalls
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of new types of margarine and expansion of production capacities by manufacturers
  - 5.1.3.2. Improvements in margarine production and processing techniques
- 5.1.4. Challenges
  - 5.1.4.1. Government regulations on manufacturing and marketing of margarine products
5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of margarine in varied food products offering texture and flavor
- 5.2.2. Application: Adoption of industrial margarine in bakery and convenience foods due to their demands for quality, taste, and nutrition
5.3. Market Trend Analysis
- 5.3.1. Increasing consumption of bakery products coupled with imports of industrial margarine in the Americas
- 5.3.2. Well-established labeling standards and ongoing development of plant-based margarine in the APAC region
- 5.3.3. Potential production capabilities and high bakery product consumption sustain the market growth in the EMEA region.
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Industrial Margarine Market, by Type

6.1. Introduction
6.2. All-Purpose
6.3. Butter Blend
6.4. Spreadable

7. Industrial Margarine Market, by Source

7.1. Introduction
7.2. Animal
7.3. Plant
7.4. Plant & Animal Blends

8. Industrial Margarine Market, by Form

8.1. Introduction
8.2. Hard
8.3. Soft

9. Industrial Margarine Market, by Application

9.1. Introduction
9.2. Bakery
9.3. Confectionery
9.4. Convenience Food
9.5. Spreads, Sauces, & Toppings

10. Americas Industrial Margarine Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Industrial Margarine Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Industrial Margarine Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. KTC snaps up Scottish margarine manufacturer Cardowan Creameries
- 13.3.2. Peerless acquires Tangold Pastry Australia
- 13.3.3. SEProd Expanding Margarine Plant To Supply The Caribbean
- 13.3.4. FGV Launches ADELA Margarine in MENA's Thriving Halal Market @ Gulfood 2023
- 13.3.5. PHR acts on Unilever's factory sale to Upfield in Colombia
- 13.3.6. Plant-Based Food Company Upfield Maximizes Supply Chain Transparency
- 13.3.7. Long Live the Rainforest! The Flower Farm, Palm-Oil Free Margarine With a Mission, Launches in the UK
- 13.3.8. Our new partnership for more sustainable packaging
- 13.3.9. ADEKA launches Deli-PLANTS, a New Brand of Plant-Based Foods
- 13.3.10. IRI and Ventura Foods Extend Partnership to Enhance Product Assortment Strategy
- 13.3.11. Charalambides Christis innovates by presenting the new product line of margarine Charalambides Christis "OUR MARGARINE"
- 13.3.12. Change Foods raises USD 12M and partners with Upfield and Sigma
- 13.3.13. Puratos USA Launches New Improver: Intens Puraslim

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio