Industrial margarine Market may exceed USD 3.5 billion by 2025; according to a new research report.
Growing adoption of healthy lifestyles and rising demand for natural, light, additive-free & whole wheat food is likely to drive baked food sector and stimulate market growth. Growing adoption of mechanized baking techniques has enabled manufacturers to develop innovative products with diverse flavors, shapes, sizes and ingredients. Growing preference for low-calorie baked products owing to improving living standards and eating habits has influenced manufacturers to use low trans-fat substitutes for butter which should further accelerate market growth.
Global butter blend industrial margarine market surpassed USD 400 million in 2018 and is predicted to register significant gains by 2025 owing to growing demand from biscuit, cake and bread spread industries. These products find widespread usage as a butter substitute pertaining to its similar flavor, creaming property and cost effectiveness. Growing adoption in saut?ing, grilling, frying, cooking, and grilling operations along with various baked products such as cookies, toppings, pie crusts, Danishes, and pastries should fuel market growth.
North America industrial margarine market led by Mexico, Canada and the U.S. should register substantial gains of about 3.5% by 2025 pertaining to growing consumer health consciousness. The region is witnessing rising incidence of lifestyle disorders such as constipation, heart disease, diabetes and stroke owing to physical inactivity & unhealthy diet which should stimulate product demand owing to its low saturated fat content. The presence of a substantial manufacturing base along with manufacturer efforts to offer products with reduced trans fats content should further promote market growth.
Conagra Brands, Richardson International, Puratos, Fuji Oil, Bunge, Sime Darby Oils and Currimjee Group are among the prime industry participants in the moderately consolidated market. Most manufacturers have adopted new product launches to expand their product portfolio and acquisitions to increase production capacity & achieve market expansion.