north america industrial margarine Market

The North America Industrial Margarine market is accounted to US$ 881.2 Mn in 2018 and is expected to grow at a CAGR of 3.5 % during the forecast period 2019 - 2027, to account to US$ 1192.3 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 North America 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. In some of the North American countries like the US and Canada, there are stringent rules and regulations towards the consumption of industrially produced trans-fats. 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 North America 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 North America 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.

North America Industrial Margarine market is segmented based on country as - U.S, Canda and Mexico. U.S. dominated the North America industrial margarine market. Margarine is used as a low-cost substitute for butter in various food applications. In the US, it is referred to as oleo, also known as oleomargarine. It is the direct nondairy equivalent of butter in that they are water-in-oil emulsions containing between 80 and 90% total fat. . In Canada, the production and sale of margarine were forbidden by an Act of Parliament in 1886. The ban was enforced until 1917 when wartime shortages of butter brought legalization; it was banned again in 1923. High conflict persisted between farmers and consumers, so that margarine did not become permanently legal until 1948. Despite federal law, some provinces forbade the coloring of margarine. Currently, the Canadian government permits it but controls the color of margarine. Mexico has large companies in the food sector, as well as micro, small, and medium-sized businesses that produce high-quality products that meet the demands of foreign countries. Highly developed food industry and increasing production of bakery and confectionery products in Mexico is projected to boost the market for industrial margarine in Mexico.

Some of the players present in North America industrial margarine market are Associated British Foods, Bunge Limited, Conagra Brands, Inc., EFKO Group, Fuji Oil Europe, NMGK Group, Puratos, Richardson International Limited, Vandemoortele, Wilmar International Limited amongst the others.

The overall North America 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 North America 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 North America industrial margarine market.