Global Industrial Margarine Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Industrial Margarine Market 2021 (Includes Business Impact of COVID-19)
Global Industrial Margarine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global industrial margarine market report has been segmented on the basis of type, source, form, application, and region.
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Global Industrial Margarine Market: Overview


Industrial margarine is made of refined vegetable oil and water. It is referred as oleomargarine or oleo, and is widely used for baking, flavoring, and cooking. The basic method to make industrial margarine is by emulsifying a blend of vegetable fats and oils, and further modified using hydrogenation, interesterification or fractionation with skimmed milk. The mixture is then chilled to solidify and improve the texture.


Global Industrial Margarine Market: Dynamics


Increasing demand for industrial margarine owing to changing preferences and tastes of consumers is a major factor expected to drive growth of the global industrial margarine market in the next 10 years. Additionally, rising demand for industrial margarine owing to less fat content and low cost is among some factors expected to propel growth of the potential market over the long run. Moreover, rapid urbanization, coupled with growing demand for bakery, confectionary, and convenience food are factors anticipated to support revenue growth of the target market in the years to come.

However, stringent regulations and statutes for international quality standards and growing awareness regarding obesity concern are among the factors which may hamper demand for industrial margarine and restrain growth of the target market.

Increasing focus on development of industrial margarine with low or no trans-fat is expected to offer new opportunity for manufacturers operating in the target market.


Global Industrial Margarine Market: Segment Analysis


Among the type segments, the spreadable margarine segment is expected to register highest growth in terms of value in the target market, owing to increasing demand for convenience food. Among the source segments, the plant segment is expected to account for highest share in terms of revenue in the target market, owing to shifting preference of consumers towards vegan diet.

Among the form segments, the hard industrial margarine segment is projected to register significant share in terms of revenue in the target market, due to its increasing demand in baking applications. Among the application segments, the bakery segment is expected to register major revenue share in the target market in the next coming years, as margarine is a cost-effective alternative for butter.


Global Industrial Margarine Market: Regional Analysis


The industrial margarine market in North America is expected to account for highest share contribution in terms of revenue and projected to maintain its dominance in the target market in the next coming years. Growing awareness among consumers regarding healthy diet and increasing incidences of diseases such as high blood pressure, diabetes, etc. are factors anticipated to drive growth of the North America industrial margarine market. The Asia Pacific industrial margarine market is projected to register highest CAGR in the target market in the next coming years. This can be attributed to growing population, coupled with increasing demand for convenience food in countries in the region.

Global Industrial Margarine Market Segmentation:

Segmentation on the Basis of Type:

  
Spreadable Margarine
  
All-Purpose Industrial Margarine
  
Butter Blend

Segmentation on the Basis of Source:

  
Animal
  
Plant

Segmentation on the Basis of Form:

  
Hard Industrial Margarine
  
Soft Industrial Margarine

Segmentation on the Basis of Application:

  
Bakery
  
Spreads, Sauces, and Toppings
  
Confectionery
  
Convenience Food
  
Others


Key Market Players included in the report:


  
Aigremont (Belgium)
  
Associated British Foods plc.
  
BRF SA
  
Bunge (Germany)
  
Conagra Brands Inc
  
Currimjee Group
  
EFCO Group (Russia)
  
Fuji Oil Co. Ltd
  
NMGK Group (Russia)
  
Puratos (Belgium)
  
Richardson International Limited
  
Royale Lacroix (Belgium)
  
Sime Darby Oils
  
Upfield BV
  
Vandemoortele (Belgium)
  
Wilmar International (Singapore).


Below are the key development related to Industrial Margarine Market in 2020 and 2021.


May 2021: Royal Zeelandia snaps up 94-year-old Belgian bakeshop specialist. According to Zeelandia, Wouters is well respected on the Belgian market as a maker of costs basic materials for typical bakers and also has the possible to increase its impact throughout the rest of Europe.Wouters ‘bakeshop tasks formally become part of the Koninklijke Zeelandia Group on 1 May 2021, while Wouters’ oil & fats businesses were marketed to Remia, a Dutch manufacturer of margarine, tomato catsup, salad dressings and also sauces.The acquisition of Wouters reinforces Zeelandia with numerous process technologies that match well with its existing capabilities, which will certainly enable it to additional react to the expanding need for advancement by pastry shops of all sizes, from independent to industrial concerns.Wouters and also its brands will remain energetic on the Belgian market along with Zeelandia. Source

March 2021: GrUninger establishes innovative flavouring process for margarines and bakery fats. GrUninger AG, a leading Swiss producer of industrial and commercial margarines, has developed a new technology to produce palm-free, vegan and vegetarian margarines in which any off-note flavours are effectively taste-masked. At the heart of the process is a natural rosemary extract-derived antioxidant that extends the products’ shelf-life and increases heat stability during baking. Source