The global industrial margarine market size was US$ 2.5 billion in 2021. The global industrial margarine market is forecast to grow to US$ 3.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
Margarine is a non-dairy food made from vegetable fat and animal fat. For toppings, baking spreads, and other cooking uses, industrial margarine is used as a substitute for butter.
Factors Influencing the Market
The rapidly rising demand for industrial margarine due to growing consumer demand for natural products will fuel the growth of the industrial margarine market during the forecast period. In addition, continuously declining prices of industrial margarine will benefit the global market.
The growing trend of home-baking will benefit the industrial margarine market during the analysis period. In addition, increasing focus on sustainability and favourable government rules will escalate the demand for the industrial margarine market during the analysis period. The rapidly rising range of bakeries, confectionaries, and convenience stores globally will also benefit the industrial margarine market during the forecast period. On the flip side, strict regulations associated with the use of industrial margarine may limit the growth of the market during the analysis period.
Innovations in the industry will bring lucrative growth opportunities for the market. For instance, various food manufacturers in the US are pushing the production of trans-fat-free margarine products. Thus, it is attributed to accelerating the growth of the industrial margarine market during the analysis period.
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Regional Analysis
North America is forecast to hold the highest share in the industrial margarine market. The growth of this regional market is attributed to the rising demand for baked goods in the region. In addition to that, rising health consciousness among customers due to the rapidly growing prevalence of diabetes, high blood pressure, and constipation will bring lucrative growth opportunities for the industrial margarine market during the analysis period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the industry players witnessed a shortage of subcontractors and materials, supply chain disruptions, and the termination of contracts to control expenses. Thus, the pandemic had a severe negative impact on the industrial margarine market. The market also experienced other challenges like lockdowns and restaurant closures, which declined the demand for the industrial margarine market. However, the pandemic also affected consumer buying behaviour. As a result, the cost-effectiveness of industrial margarine emerged as a significant boon during the times of the pandemic. Thus, this factor drove the growth of the industrial margarine market.
Competitors in the Market
• Dunagra
• Bunge
• Pu Lmar International
• Associated British Foods
• Fuji Oil
• Vandemoortele
• Nmgk Group
• Efko Group
• Royale Lacroix
• Richardson International
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Industrial Margarine industry experienced notable growth in its workforce. Starting in January, employment within the Industrial Margarine sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Industrial Margarine output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Industrial Margarine output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Industrial Margarine market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Industrial Margarine market.
Market Segmentation
The global industrial margarine market segmentation focuses on product, usage, application, and region.
By Product Type
• Traditional Margarine
• Liquid Margarine
• Others
By Usage
• Spreadable
• Non-Spreadable
By Application
• Confectionery
• Sauces
• Spreads & Toppings
• Bakery
• Convenience
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
Table of Contents:
Chapter 1: Introduction to the Global Industrial Margarine Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Industrial Margarine Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Industrial Margarine Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Industrial Margarine Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Industrial Margarine market revenues, extending projections until 2031. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Industrial Margarine market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Industrial Margarine business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
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