Industrial Margarine Market Size

Industrial Margarine Market Size

Industrial Margarine Market size was over USD 2.75 billion in 2018 and industry expects consumption at over 2.85 million tons by 2025. 

Growing demand for low fat food & beverages owing to changing lifestyles and rising health consciousness should boost industrial margarine market growth. Global low calorie food market size surpassed USD 9.5 billion in 2018 which indicates ample growth potential. Young consumers are increasingly aware of the health benefits of adopting a healthy diet such as prevention of obesity and diabetes. Rising number of low-calorie food products stocked by supermarkets, and significant research & development initiatives undertaken by manufacturers to expand their product portfolio and offer improved products at low prices should further promote market growth.

Changing food preferences, rising disposable income and increasing packaged food consumption should fuel bakery sector growth and drive product demand. Global bread & bakery market size surpassed USD 460 billion in 2019 which is an indicator of tremendous growth opportunities. This product finds extensive usage in puff pastries, croissants, cakes, breads, sweet rolls and biscuits. Growing availability of in-store bakeries in hypermarkets & supermarkets which offer freshly-baked & pre-baked products should stimulate market growth.

Rising prevalence of stringent food regulations which seek to limit fat content in industrial margarine-based products should hinder market growth. For instance, EU Regulation (EC) no. 1308/2013 categorises the product in the “fats” group and levies restrictions on the milk-fat content. Similarly, Indian Food safety regulator FSSAI seeks to reduce the trans-fatty acid content of these products to below 2 percent in a phased manner. However, manufacturers focus on innovations to improve product properties and ensure regulatory compliance which should trigger market growth.