[186 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.
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.
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.
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.
The market dynamics represent an ever-changing landscape of the Industrial Margarine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Industrial Margarine Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Industrial Margarine Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Industrial Margarine Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Industrial Margarine Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Industrial Margarine Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Industrial Margarine Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Industrial Margarine Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Industrial Margarine Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Industrial Margarine Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Industrial Margarine Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Margarine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Margarine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
KTC snaps up Scottish margarine manufacturer Cardowan Creameries
KTC has recently acquired Cardowan Creameries, a Scottish margarine manufacturer that has been in operation for nearly a century. This acquisition is set further to expand KTC's presence in the industrial margarine sector and bring greater industry growth potential. This marks an important step forward for companies and their customers as they strive to create high-quality margarine products tailored to specific customer needs. [Published On: 2023-03-17]
Peerless acquires Tangold Pastry Australia
Peerless Foods has recently acquired Tangold Pastry, a premium quality margarine and specialty fats provider for both the industrial and foodservice markets. With this acquisition, Peerless expands its portfolio of products in the foodservice sector, enabling them to provide customers with a wider range of options for their baking needs. This also strengthens Peerless’ position as a main supplier in the industrial margarine market by enabling them to reach a larger customer base. Through this acquisition, Peerless can bring more value to its customers and ensure they always provide the best possible product solutions. [Published On: 2023-03-15]
SEProd Expanding Margarine Plant To Supply The Caribbean
SEProd, an organization in the industrial margarine market, is expanding its margarine plant to meet the increased demand from customers throughout the Caribbean. This expansion enables SEProd to continue providing high-quality products at competitive prices and remain a reliable supplier for all their customers. With this investment, SEProd is committed to fostering its long-term growth and success in the Caribbean margarine market. [Published On: 2023-03-03]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Margarine Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
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, Rogério 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, Yıldız Holding A.Ş., Zeelandia International, and Zer Group.
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
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Industrial Margarine Market, by Type
- Industrial Margarine Market, by Source
- Industrial Margarine Market, by Form
- Industrial Margarine Market, by Application
- Americas Industrial Margarine Market
- Asia-Pacific Industrial Margarine Market
- Europe, Middle East & Africa Industrial Margarine Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 376]
- List of Companies Mentioned [Total: 43]
A buttery superhero, industrial margarine, is produced through a process called hydrogenation by scientists in pursuit of the perfect spread. As a non-dairy fat, many brands of margarine have become a favorite among vegans. It is a true testament to human ingenuity due to its easy-to-spread and smooth texture and rich flavor that can be infused with delightful and exotic flavors such as garlic, honey, vanilla, and others.
In addition to being used as spreads in personal kitchens, industrial margarine has become among the most trusted companions of bakers in bakery products such as breads, cakes, pastries, biscuits, and cookies. To keep up with their demand, companies have been ramping up and expanding their production capacities.
In August 2023, KTC Edibles, an oils and fats supplier, made a significant investment to expand the capacity of Cardowan Creameries, a specialist margarine supplier. Cardowan Creameries produces over 20,000 tonnes of margarine annually, catering to manufacturers and wholesalers in the UK and abroad. The collaboration between these two companies was aimed at bringing innovative solutions and sustainable ingredients to bakery businesses and food manufacturers.
Sustainable sourcing initiatives and the development of trans-fat-free and new flavor industrial margarine formulations also reflect ongoing efforts toward value addition in the industry. With changing dietary requirements and preferences, margarine production is sure to adapt and innovate to win over more consumers than ever before.
What is industrial margarine?
Industrial margarine is a type of margarine specifically designed for commercial uses. Unlike retail or household margarine, industrial margarine has a higher fat content and is designed for the mass production of food products such as baked goods, chocolates, and spreads. Its composition allows it to be used in large quantities without compromising the quality of the final product.
Benefits of using industrial margarine:
The increased use of industrial margarine in the food industry can be attributed to its numerous benefits. Industrial margarine has a longer shelf life than butter, which is ideal for commercial products with a longer shelf life. It is also versatile and can be used in different processed foods. Aside from taste and quality, manufacturers prefer using industrial margarine because it is cheaper than butter.
Production of industrial margarine:
There are several steps involved in the production of industrial margarine. The process begins with the mixing of vegetable oils such as soybean, palm, and canola oil in a large mixing tank. Emulsifiers and additives are added to the mixture to improve texture, taste, and stability. The mixture is then subjected to high-temperature and pressure homogenization to reduce the oil particle size, resulting in a uniformly mixed product. Finally, the margarine undergoes a cooling process to solidify it.
Industrial margarine and the environment:
The use of industrial margarine has several environmental benefits. Industrial margarine requires less water and land to produce compared to butter. It also has a lower carbon footprint due to its composition, which produces less greenhouse gas emissions than butter.
Industrial margarine has become an essential ingredient in the food manufacturing industry. It offers several benefits, such as cost-effectiveness, versatility, and longer shelf life. Its production process is also environmentally friendly. As the demand for industrial margarine increases, we can expect more innovations in its production process and its uses. Understanding the scope of industrial margarine is crucial in developing and creating new products in the food industry.
- How big is the Industrial Margarine Market?
- What is the Industrial Margarine Market growth?
- When do I get the report?
- In what format does this report get delivered to me?
- How long has 360iResearch been around?
- What if I have a question about your reports?
- Can I share this report with my team?
- Can I use your research in my presentation?