In 2018, the global industrial margarine market was valued at US$ 2480.0 million and is projected to experience a compound annual growth rate (CAGR) of 3.4% from 2019 to 2027, reaching an estimated US$ 3330.4 million by the end of the forecast period.
Industrial margarine has become an essential component of modern nutrition. The World Health Organization suggests that adults should obtain between 20% and 35% of their daily caloric intake from fats. Industrial margarine serves as an excellent fat source, offering a healthier alternative to butter. It is particularly high in beneficial high-density lipoprotein (HDL) cholesterol while containing lower levels of harmful low-density lipoprotein (LDL) cholesterol. Additionally, it provides essential minerals such as calcium, potassium, and sodium, and is often fortified with vital vitamins, including Vitamin A and Vitamin D. Furthermore, industrial margarine is a significant source of essential polyunsaturated fatty acids, particularly from the omega-6 and omega-3 families. Omega-3 fatty acids are known for their numerous health benefits, including promoting bone health, reducing cancer risk, alleviating inflammation, and enhancing immune function. These health advantages are anticipated to drive the growth of the industrial margarine market throughout the forecast period.
The industrial margarine market is categorized based on its source, which includes plant-based and animal-based margarine. In 2018, the plant-based segment led the market. Typically, industrial margarine is produced by emulsifying water with vegetable oils such as corn, soybean, canola, palm, or olive oil. Additional ingredients like colorants, salt, and natural or artificial flavorings may be incorporated. The increasing awareness of the benefits associated with vegetarian and vegan diets has significantly boosted the demand for plant-based industrial margarine. The recent trend towards plant-based eating has further contributed to the global expansion of the industrial margarine market.
North America is the leading region in the global industrial margarine market and is expected to sustain its leadership throughout the forecast period. The growth in this region can be largely attributed to a substantial consumer base and heightened awareness of the health benefits associated with industrial margarine products in the United States and Canada. The U.S. stands out as a major consumer of industrial margarine, which is often utilized as a functional and cost-effective substitute for butter, providing both richness and stability to baked goods without compromising flavor. The introduction of various margarine products by manufacturers, including low-fat or fat-free spreads and fortified margarine enriched with vitamin D, is expected to further stimulate demand in North America. Key players in the North American industrial margarine market include Associated British Foods, Bunge Limited, and Conagra Foodservice, Inc., among others. These companies are actively engaged in innovating and developing new industrial margarine products with enhanced characteristics and superior quality.
Prominent participants in the global industrial margarine market include Bunge Limited, Associated British Foods Plc, Conagra Brands, Inc., EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortele, and Wilmar International Ltd., among others.
The overall size of the global industrial margarine market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the industrial margarine market. Additionally, numerous primary interviews are conducted with industry stakeholders and experts to validate the data and analysis. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the industrial margarine sector.