Industrial margarine is a versatile product used in the food industry to make spreads, baked goods and confections. It is typically made from vegetable oils such as soybean oil, palm oil and rapeseed oil and may be supplemented with minerals and vitamins.
The industrial margarine market consists of sales, by entities (organizations, sole traders and partnerships), of industrial margarine that refers to a type of margarine that is specifically produced for commercial and industrial applications. Industrial margarine is available in different formulations to achieve specific textures and consistencies desired in various food products.
The global industrial margarine market was valued at $2,312.15 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Changing Dietary Patterns
During the historic period, the changing dietary patterns supported the growth of the industrial margarine market. Consuming a healthy diet throughout the life-course helps to prevent malnutrition in all its forms as well as a range of non-communicable diseases (NCDs) and conditions. People are now consuming more foods high in energy, fats, free sugars and salt/sodium and other dietary fiber such as whole grains. For example, according to the World Health Organization (WHO), it is suggested that the intake of saturated fats be reduced to less than 10% of total energy intake and trans-fats to less than 1% of total energy intake. Further, according to the Medical News Report in 2020, the global consumption of processed food accounts for 20 - 60% of a person's daily energy intake, which includes frozen or ready meals, baked goods, packaged bread and processed cheese products. Also, a 2018 consumer food and beverage survey by L.E.K., a US-based management consulting company, of nearly 1,600 consumers, showed that they want health claims to be more nuanced and convey specific attributes. Nearly 93% of respondents stated that they feel obligated to eat healthily at least some of the time. In addition, 63% stated that they strive to eat healthily most of the time, if not always. Consumers are aware of labels, regardless of their level of commitment, with 47% reading labels at least most of the time when purchasing a product. Thus, the changing dietary patterns supported the growth of the industrial margarine market.
Focus On Strategic Acquisitions To Expand Reach And Capabilities
Companies in the industrial margarine market are focusing on strategic acquisitions to launch new products and strengthen their position in the market. For instance, in April 2023, CataCap Management A/S, a Denmark-based investment company, in partnership with NLM Vantinge A/S, acquired a majority share in the company for an undisclosed amount. NLM Vantinge is a Denmark-based company that specializes in recycling by-products from companies that make products based on vegetable fat and oil, such as margarine, chips, emulsifiers, surfactants, soaps, fatty acids, biodiesel, glycerol and milk powder. Additionally, in March 2023, KTC, a UK-based edible oil producer, acquired Cardowan Creameries for an undisclosed amount. With this acquisition, KTC expanded its portfolio with Cardowan's specialist techniques and methods of manufacturing bread fat emulsion and cake margarine. Cardowan Creameries Ltd is a Scotland-based margarine manufacturing company offering sustainable margarines, shortenings and bread fats.
The global industrial margarine market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 28.99% of the total market in 2022.
Industrial Margarine Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global industrial margarine market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for industrial margarine? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial margarine market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider industrial margarine market; and compares it with other markets.
The report covers the following chapters
Introduction And Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by source, by form and by application.
Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario - The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the industrial margarine market.
Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by source, by form and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size And Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Other Major And Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
Competitive Dashboard - Briefs on competitive dashboard of major players.
Key Mergers And Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations-This section includes recommendations for industrial margarine market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Product: Spreadable; All-Purpose; Butter Blend; Other Products
2) By Source: Animal Source; Plant Source
3) By Form: Hard; Soft; Liquid
4) By Application: Bakery; Confectionery; Toppings, Sauces And Spreads; Convenience Food; Other Applications