asia pacific industrial margarine Market

The Asia Pacific industrial margarine market is accounted to US$ 532.5 Mn in 2018 and is expected to grow at a CAGR of 3.2 %during the forecast period 2019 - 2027, to account to US$ 706.0 Mn by 2027.

Margarine is an evolution to a highly accepted spread that is a prime example of technological advancement made through the combined efforts of oil chemists, food technologists, nutritionists, and chemical engineers. Industrial margarine has taken its place all over the globe as an excellent nutritive food owing to its concentrated source of food energy; it can be a uniform supplement of vitamins D and A, it can also be a source of polyunsaturated essential fatty acids. Industrial margarine is neither a substitute for, nor an imitation of, butter, even though the spread is made from naturally occurring products and is known to possess all the physical, sensory, and nutritional attributes of butter. The consumers in most of the developed and developing countries in Asia Pacific are quite concern regarding maintenance of healthy life style and healthy diet or food habits. There is a growing demand for low fat food & beverages owing to changing lifestyles and rising health consciousness, which in turn is driving the industrial margarine market growth. Industrial margarine is widely used in making bakery items and other food processing industries. It is used in puff pastries, croissants, cakes, breads, chocolate, sweet rolls, cookies and biscuits. Industrial margarine contains trans-fat from 0.2-26g, consumption of which is banned in some of the countries like China, Japan, Denmark, and many more. In many countries, there are legal limits to trans-fat content. As flavor options increase, consumers easily get attracted towards the products,which helps in increased in sale and revenue generation. Companies in the industrial margarine market have greatly expanded their product lines over the past few years, and have heavily emphasized their marketing toward young consumers. Currently, the industrial margarine demand is continuously growing with the rise in application of this product from the baking, HORECA, and food processing industries. Food processing industries prefers to use margarine in the processed food products since it is less costly than butter. In addition to that, industrial margarine is used in bakery items, spreads and sauces, toppings, in confectioneries, and in convenience food items, it has gained popularity among consumers.

The Asia Pacific Industrial Margarine market is segmented on the basis type as spreadable margarine, all-purpose industrial margarine and butter blend. The all-purpose industrial margarine segment led the Asia Pacific industrial margarine market. Margarine is used as a spread for cooking, baking, and flavoring applications. It is sometimes described as a non-dairy spread. Spreadable margarine have fat content in the range of 10 to 90%.All-purpose industrial Margarine is an all-purpose margarine suitable for industrial uses related to baking. They margarine have added colors and flavor to improve the taste of the final product. It is particularly suitable for use in general baking applications. Butter blends are prepared by blending several vegetable fats and margarine to produce a product similar to that of butter for uses in the bakery industry. Butter blends have a flavor similar that of butter. Butter blends have rich texture and buttery taste while being economical compared to pure butter. Butter blends made from anhydrous milk fat and vegetable oils can have cholesterol levels less than 95% compared to pure butter.

Asia Pacific Industrial Margarine market is segmented based on country as -Australia, China, India, Japan, South Korea, rest of Asia Pacific. China. dominated the Asia Pacific industrial margarine market. Margarine is a kind of butter spread which is a water-in-fat emulsion used for baking and confectionary food items for spreading purposes in food industry. It is formed out of vegetable oils extracted from soya bean or sunflower, Trans fats and water. It is considered as a great substitute for butter and find its application in food products such as pastries, donuts, cookies etc. Rising demand for the better alternatives of the dairy-based fat products coupled with the increasing demand for bakery foods, convenience and processed food is generating the demand for industrial margarine. China's economy has rapidly grown in the recent years and is now among the second-largest economy in the Asia Pacific region. India is a developing economy and several emerging companies are venturing into the market with the need for cost-efficient manufacturing units. India has the availability of cheap labor; thus, several international foods and beverage manufacturers are setting up their production units in India. Japan is a highly developed economy and it is the third-largest economy by GDP. The consumption of margarine is declining in terms of share owing to increasing preference towards butter and consumer awareness related to presence of trans-fats in them. The growing demands from the pharmaceuticals industry are expected to drive the South Korea industrial margarine market. Increase in average expenditure of South Korean upon their household and food is expected to lead to the growth of the market. The rest of APAC includes Singapore, Malaysia, Taiwan, and Vietnam, including other countries. Singapore and Malaysia have developed economies which provides high spending power in the hand of the consumers. The consumers are moving towards healthy food products which has increase the demand for industrial margarine.

Some of the players present in Asia Pacific industrial margarine market are Bunge Limited, Associate British foods, Conagra Brands, Inc., EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortel, Wilmar International Ltd. amongst the others.

The overall Asia Pacific industrial margarine market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific industrial margarine market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific industrial margarine market.