What Transformation Has the Industrial Margarine Market Undergone?
The industrial margarine market has seen considerable growth due to a variety of factors.
•In recent years, the market size for industrial margarine has experienced robust growth. The market is projected to expand from $2.8 billion in 2024 to $2.95 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
Factors contributing to the growth during the historical period include the economic rebound after World War II, food rationing and shortages, shifts in dietary habits, the internationalization of food markets, and competitive pricing in food processing.
How Will The Industrial Margarine Market Size Evolve In The Foreseeable Future?
The industrial margarine market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations indicate a consistent expansion in the industrial margarine market in the forthcoming years, predicting an escalation to $3.55 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 4.8%.
The projected rise in the specified period owes to factors such as green sourcing and manufacturing, health and wellness inclinations, vegan and plant-based movements, unadulterated ingredients, e-commerce, and direct-to-consumer patterns. Considerable trends throughout the estimated period encompass retail growth and packaging revolutions, advancements in production technology, the incorporation of clever manufacturing and industry 4.0, collaborations and partnerships along the value chain, and innovative packaging for environmental conservation.
Which Key Drivers Are Propelling The Industrial Margarine Market's Growth?
The burgeoning expansion of the food sector is predicted to boost the advancement of the industrial margarine market in the future. The food sector encompasses the production and supply of food items. Industrial margarine acts as an emulsifier contributing features like rich taste and smooth consistency to food products. The Food and Drink Federation, a UK-based entity that provides guidance and representation to UK food and drink manufacturers, reported in 2023 that Scotland had 1,185 firms involved in the production of food and drinks. Moreover, Scottish exports in food and drinks soared by 31% in 2022, reaching $10.18 billion (£8.1 billion). In the same timeframe, the turnover for food and drinks equated to $12.5 billion (£10.3 billion), making up 33% of total Scottish manufacturing. Hence, the rapid evolution of the food sector is a driving force for the industrial margarine market.
What Are The Key Segments Within The Global Industrial Margarine Market?
The industrial margarine market covered in this report is segmented –
1) By Product: Spreadable, All-Purpose, Butter Blend, Liquid, Other Products
2) By Source: Animal Source, Plant Source
3) By Form: Hard, Soft
4) By Application: Bakery, Confectionery, Toppings, Sauces, And Spreads, Convenience Food, Other Applications
Subsegments:
1) By Spreadable: Soft Margarine, Light Margarine
2) By All-Purpose: Standard Margarine for Baking and Cooking, Multi-Use Margarine
3) By Butter Blend: Margarine Blended with Butter, Premium Butter Blend Margarine
4) By Liquid: Liquid Margarine For Cooking, Liquid Margarine For Baking
5) By Other Products: Non-Dairy Margarine, Specialty Margarines
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How Are New Trends Impacting The Size Of The Industrial Margarine Market?
Leading corporations in the industrial margarine sector are prioritizing the creation of novel solutions like margarine and spreads to cater to the increasing preference for healthier and more adaptive products. These items belong to a broader class of food products primarily used in place of butter or featured as toppings and cooking ingredients. For example, in April 2023, Orazly Ýalkym, a company based in Turkmenistan that deals with oil, introduced a fresh production line for margarine and spreads, solidifying a prominent evolution in the nation's food manufacturing industry. The goal of this initiative is to reinforce local food production capabilities while minimizing dependence on imports. The establishment is armed with state-of-the-art technology to guarantee high-standard products aligning with international norms. By shedding light on margarine and spreads, Orazly Ýalkym is looking to serve both domestic and potential export markets, thereby diversifying the local economy. This launch signifies a wider trend of capital investment in Turmenistan’s food processing sector, with a view to fortify self-sustenance and promote economic growth.
Who Are the Key Players in the Industrial Margarine Market?
Major companies operating in the industrial margarine market include:
• Cargill Incorporated
• The Archer-Daniels-Midland Company
• Wilmar International Ltd.
• Bunge Limited
• Unilever
• Royal FrieslandCampina N.V.
• Conagra Brands Inc.
• Kerry Group
• Barry Callebaut
• Orkla ASA
• AAK AB
• Fuji Oil Co. Ltd.
• Puratos
• Vandemoortele
• Richardson International Limited
• Remia C.V
• Currimjee Group
• MUEZ-HEST INDIA PVT.LTD.
• S.A. Aigremont N.V
• NMGK Group
• LASENOR EMUL S.L.
• EFKO Group
• Royale Lacroix SA
• PT. BONANZA MEGAH.LTD.
What are the Regional Insights into the Industrial Margarine Market?
North America was the largest region in the industrial margarine market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial margarine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
