Industrial margarine is utilized for industrial flavoring, baking, and other cooking needs. It is a dairy product utilized as an alternative for butter. Though butter and industrial margarine both are utilized to enhance the flavor of a range of dishes, they possess different traits. Butter is made up of proteins, water, and butterfat, whereas industrial margarine is made of processed vegetable oil and /or animal fat.
Over the forecast period, the global industrial margarine market is projected to undergo substantial transformation leading to wealthy market growth. This can be attributed to the lower costs of margarine and lower fat content when compared to butter. Also, the growing occurrence of diseases like high blood pressure, diabetes, and constipation along with rising health consciousness among consumers will drive the market growth. Further, food producers are directing on manufacturing trans-fat-free margarine products, thereby offering considerable growth avenues for market growth. Additionally, the inclination toward instantly processed & convenient food, increasing westernization of food dishes, and busy lifestyles will boost the demand for industrial margarine.
The global industrial margarine market is divided based on form, application, source, type, and region. By form, the market is segregated into soft margarine and hard margarine. By source, the market is categorized into animal and plant. By application, the market is bifurcated into sauces, confectionery, bakery, spreads & toppings, and convenience). By type, the market is classified into all purpose, butter blend, and spreadable.
The global industrial margarine market is expected to be led by North America during the forecast period owing to the rising consumer health consciousness and growing prevalence of lifestyle disorders like high BP, atherosclerosis, and constipation. Further, Europe market is also projected to witness substantial growth due to rising demand for salad dressings & dips, chilly sauces, and noteworthy efforts by manufacturers to bring up innovative products like organic, preservative-free, & low calorie products. Likewise, Asia Pacific market on is also likely to witness considerable expansion owing to the existence of considerable youth population and enhancements in distribution network along with the fast expansion of the bakery & confectionery sector in budding economies like China and India.
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Some of prominent players in the global industrial margarine market include Bunge Limited, Associated British Foods, EFKO Group, Conagra Foodservice, Inc., NMGK Group, Fuji Oil Europe, Richardson International Limited, Puratos, Wilmar International Limited, and Vandemoortele, among others. To cite, Wilmar International Company, in March 2020, announced that it is starting a new crude vegetable oil purifying unit in South Africa that would be utilized to make cooking oil, mayonnaise, and margarine.
