Industrial Margarine Market Size

Industrial Margarine Market size was valued at USD 2.7 Billion in 2023 and is projected to grow at 4.5% CAGR from 2024 to 2032. Growing demand for low fat food & beverages owing to changing lifestyles and rising health consciousness should boost the market growth. Global low calorie food market size surpassed USD 858.2 Million in 2018 which indicates ample growth potential. Young consumers are increasingly aware of the health benefits of adopting a healthy diet such as prevention of obesity and diabetes.

Rising number of low-calorie food products stocked by supermarkets, and significant research & development initiatives undertaken by manufacturers to expand their product portfolio and offer improved products at low prices should further promote market growth.

Rising prevalence of stringent food regulations which seek to limit fat content in industrial margarine-based products should hinder market growth. For instance, EU Regulation (EC) no. 1308/2013 categorises the product in the “fats” group and levies restrictions on the milk-fat content. Similarly, Indian Food safety regulator FSSAI seeks to reduce the trans-fatty acid content of these products to below 2 percent in a phased manner. However, manufacturers focus on innovations to improve product properties and ensure regulatory compliance which should trigger market growth.

Industrial Margarine Market Trends

The industrial margarine industry is witnessing notable growth, driven by increasing demand in the food processing industry, particularly in bakery and confectionery applications. Key trends include a shift towards healthier formulations, such as reduced trans-fat and low-fat variants, in response to rising consumer health awareness. Additionally, the market is benefiting from advancements in margarine production technology, which enhance product consistency and shelf life.

The growing preference for plant-based and non-dairy alternatives is also influencing product innovation, with manufacturers focusing on sustainable sourcing and environmentally friendly production processes. Regional market dynamics, especially in emerging economies, are further shaping the market's expansion, as these regions experience increased urbanization and changing dietary patterns.

Industrial Margarine Market Analysis

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The plant source segment of the market is projected to reach USD 2.3 billion in 2023, reflecting its growing significance within the industry. This segment is anticipated to exhibit a robust CAGR of 4.6% through 2032, driven by increasing consumer preference for plant-based products and the shift towards sustainable and healthier food options.

The rise in vegan and flexitarian diets, coupled with heightened awareness of environmental and ethical considerations, is bolstering demand for plant-based margarine in food processing, particularly in the bakery and confectionery sectors. As manufacturers continue to innovate and enhance the quality and variety of plant-based offerings, this segment is expected to play a critical role in the future growth of the market.

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The hard margarine form segment within the industrial margarine market is projected to expand to USD 1.6 billion by 2024, reflecting its growing demand in various industrial applications. Expected to achieve a 4.8% CAGR from 2024 to 2032, this segment's growth is driven by its widespread use in bakery products, such as pastries and laminated doughs, where consistency and firmness are crucial.

The increasing preference for hard margarine over butter in industrial baking due to its cost-effectiveness, longer shelf life, and adaptability in large-scale production processes is further fueling this expansion. As manufacturers continue to innovate and improve the functional properties of hard margarine, its market share is anticipated to rise steadily over the forecast period.

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The Asia Pacific industrial margarine market is set for remarkable growth, with its market value projected to reach USD 1 billion in 2023. This expansion reflects the region's dynamic food processing industry, which increasingly relies on margarine for applications in bakery, confectionery, and other processed foods. The sector is anticipated to grow at a robust CAGR of 4.7% from 2024 to 2032, driven by several key factors. Rapid urbanization and changing dietary preferences are elevating the demand for industrial margarine as a cost-effective and versatile ingredient.

The region's food processing industry is also seeing significant advancements, with manufacturers focusing on improving product quality and innovating margarine formulations to meet diverse consumer needs. Additionally, the growing emphasis on health and wellness is prompting the development of margarine options with enhanced nutritional profiles. As the Asia Pacific region continues to expand its food production capabilities and adapt to evolving consumer trends, the industrial margarine sector is well-positioned for sustained growth and increased market presence.

Industrial Margarine Market Share

Wilmar International Ltd., Bunge Limited, PURATOS, FUJI OIL CO., LTD., Vandemoortele, NMGK Group, EFKO Group, Royale Lacroix SA, Richardson International Limited, and Cargill, Incorporated are key players in the industrial margarine industry, shaping the industry's landscape with their significant market presence. These companies are renowned for their comprehensive portfolios and extensive experience in the sector, which enable them to cater to diverse needs across various food processing applications. Their innovation in product development, coupled with a strong emphasis on quality and sustainability, allows them to stay competitive in a rapidly evolving market.

These market leaders are strategically positioned to capitalize on growing consumer demand for healthier and more versatile margarine products. Their global reach and advanced technological capabilities facilitate the production of high-quality margarine that meets industry standards and consumer expectations. By investing in research and development, enhancing production efficiency, and expanding their distribution networks, these companies are driving growth and setting trends within the market. Their leadership and strategic initiatives play a crucial role in shaping the future direction of the industry.

Industrial Margarine Market Companies

Top companies operating in the industrial margarine industry include:

• Wilmar International Ltd.
• Bunge Limited
• PURATOS
• FUJI OIL CO., LTD.
• Vandemoortele
• NMGK Group
• EFKO Group
• Royale Lacroix SA
• Richardson International Limited
• Cargill, Incorporated
  

Industrial Margarine Industry News

• In March 2022, ADEKA introduced their new line of plant-based foods branded as Deli-PLANTS, aimed at offering consumers "Delicious Plant-Based Foods" for their dining tables. These products were launched under the RISU BRAND, focusing on enhancing taste and convenience in the professional use markets   
  
• In March 2022, Charalambides Christis unveiled its latest range of margarine products with the slogan "Our Margarine". This release aimed to enhance culinary experiences with delicious recipes, catering to both adults and children, promoting moments of enjoyment
  

The industrial margarine market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Source

• Plant
• Animal

Market, By Form

• Hard margarine
• Soft margarine

Market, By Type  

• Butter blend
• All purpose
• Spreadable

Market, By Application

• Confectionery
• Sauces, spreads & toppings
• Bakery
• Convenience food
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA