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North America Industrial Margarine Market to 2027 - Regional Analysis and Forecasts by Application; Type; Source; Form

  • ID: 5018041
  • Report
  • March 2020
  • Region: North America
  • 128 pages
  • The Insight Partners
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until Sep 30th 2020
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FEATURED COMPANIES

  • Associated British Foods
  • Bunge Limited
  • Conagra Brands, Inc.
  • EFKO Group
  • Fuji Oil Europe
  • NMGK Group
  • MORE
The industrial margarine market in North America was valued at US$ 881.2 million in 2018 and is expected to grow at a CAGR of 3.5% during 2019-2027 to reach US$ 1,192.3 million 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 worldwide as an excellent nutritive food owing to its concentrated source of food energy; it can be a uniform supplement of vitamins D and A, and 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 concerned regarding the maintenance of healthy lifestyle and healthy diet. There is a growing demand for low fat food and 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 a few North American countries such as the US and Canada, there are stringent rules and regulations toward the consumption of industrially produced trans-fats. Industrial margarine contains trans-fat ranging0.2-26 g owing to which its consumption is banned in some parts of North America. In many countries, there are legal limits to trans-fat content.

As flavor options increase, consumers easily get attracted toward the products, which help in increasing sales 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 the application of this product from baking, HORECA, and food processing industries. Food processing industries prefers using margarine in processed food products as it is priced lower than butter. In addition, industrial margarine is used in bakery items, spreads and sauces, toppings, in confectioneries, and in convenience food items, owing to which it has gained popularity among consumers.

Based on type, the industrial margarine market in North America is further segmented into spreadable margarine, all-purpose industrial margarine, and butter blend. In 2018, the all-purpose industrial margarine segment led the industrial margarine market in North America because the all-purpose industrial margarine is suitable for many industrial uses related to baking owing to its added colors and flavors to improve the taste of the final product and 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. Spreadable margarine has fat content in the range of 10-90%Butter blends have a flavor similar to butter. Butter blends have rich texture and buttery taste while being more economical than pure butter. Butter blends made from anhydrous milk fat and vegetable oils can have cholesterol levels less than 95%.

The North American industrial margarine market is further segmented into the US, Canada, and Mexico. In 2018, the US 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 non-dairy equivalent of butter and contains water-in-oil emulsions with total fat content ranging between 80% and 90%. 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 are projected to boost the market for industrial margarine in Mexico.

A few players present in the North American industrial margarine market are Associated British Foods; Bunge Limited; Conagra Brands, Inc.; EFKO Group; Fuji Oil Europe; NMGK Group; Puratos; Richardson International Limited; Vandemoortele; and Wilmar International Limited.

The overall North American industrial margarine market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North American 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 industrial margarine.

Reasons to Buy:
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America industrial margarine market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Associated British Foods
  • Bunge Limited
  • Conagra Brands, Inc.
  • EFKO Group
  • Fuji Oil Europe
  • NMGK Group
  • MORE
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 North America Industrial Margarine Market - By Application
1.3.2 North America Industrial Margarine Market - By Type
1.3.3 North America Industrial Margarine Market - By Source
1.3.4 North America Industrial Margarine Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Industrial margarine Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis

5. Industrial Margarine Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising demand towards low-calorie food items
5.1.2 Wide application of industrial margarine in bakery, food service and food processing industries
5.2 Key Market Restraints
5.2.1 Stringent regulations against the consumption of industrially produced trans fats
5.3 Key Market Opportunities
5.3.1 Introduction of new flavours & products and product promotion through E-commerce
5.4 Key Future Trends
5.4.1 Demand for trans-fat free industrial margarine products
5.5 Impact Analysis of Drivers and Restraints

6. Industrial margarine- North America Market Analysis
6.1 North America industrial margarine Market Overview
6.2 North America industrial margarine Market Forecast and Analysis

7. North America industrial margarine Market Analysis By Type
7.1 Overview
7.2 Spreadable Margarine
7.2.1 Overview
7.2.2 North America Spreadable Industrial Margarine Revenue and Forecasts to 2027 (US$ Mn)
7.3 All-Purpose Industrial Margarine
7.3.1 Overview
7.3.2 North America All-Purpose Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Butter Blend
7.4.1 Overview
7.4.2 North America Butter Blend Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)

8. North America Industrial Margarine Market Analysis - By Source
8.1 Overview
8.2 North America Industrial Margarine Market Breakdown, By Source, 2018 & 2027
8.3 Plant Source
8.3.1 Overview
8.3.2 North America Plant Source Industrial Margarine Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Animal Source
8.4.1 Overview
8.4.2 North America Animal Source Industrial Margarine Market Revenue and Forecasts to 2027 (US$ Mn)

9. North America Industrial Margarine Market Analysis - By Form
9.1 Overview
9.2 North America Industrial Margarine Market Breakdown, By Form, 2018 & 2027
9.3 Hard Industrial Margarine
9.3.1 Overview
9.3.2 North America Hard Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)
9.4 Soft Industrial Margarine
9.4.1 Overview
9.4.2 North America Soft Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)

10. North America Industrial Margarine Market Analysis By Application
10.1 Overview
10.2 North America Industrial Margarine Market Breakdown, By Application, 2018 & 2027
10.3 Bakery
10.3.1 Overview
10.3.2 North America Bakery industrial Margarine Market, Revenue Forecasts to 2027 (US$ Mn)
10.4 Spreads, Sauces, and Toppings
10.4.1 Overview
10.4.2 North America Spreads, Sauces, and Toppings Industrial Margarine Market, Revenue Forecasts to 2027 (US$ Mn)
10.5 Confectionery
10.5.1 Overview
10.5.2 North America Confectionery Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)
10.6 Convenience Food
10.6.1 Overview
10.6.2 North America Convenience food Industrial Margarine Market, Revenue Forecast to 2027 (US$ Mn)
10.7 Others
10.7.1 Overview
10.7.2 North America Others Industrial Margarine Market, Revenue Forecasts to 2027 (US$ Mn)

11. North America industrial margarine Market - Country Analysis
11.1 Overview
11.1.1 North America industrial margarine Market Breakdown, by Key Countries
11.1.1.1 US Industrial Margarine Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 US Industrial Margarine Market Breakdown by Type
11.1.1.1.2 US Industrial Margarine Market Breakdown by Source
11.1.1.1.3 US Industrial Margarine Market Breakdown by Form
11.1.1.1.4 US Industrial Margarine Market Breakdown by Application
11.1.1.2 Canada Industrial Margarine Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Canada Industrial Margarine Market Breakdown by Type
11.1.1.2.2 Canada Industrial Margarine Market Breakdown by Source
11.1.1.2.3 Canada Industrial Margarine Market Breakdown by Form
11.1.1.2.4 Canada Industrial Margarine Market Breakdown by Application
11.1.1.3 Mexico Industrial Margarine Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Mexico Industrial Margarine Market Breakdown by Type
11.1.1.3.2 Mexico Industrial Margarine Market Breakdown by Source
11.1.1.3.3 Mexico Industrial Margarine Market Breakdown by Form
11.1.1.3.4 Mexico Industrial Margarine Market Breakdown by Application

12. Company Profiles
12.1 Bunge Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Associated British Foods plc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Conagra Brands, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 EFKO Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Fuji Oil Europe
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NMGK Group
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Puratos
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Richardson International Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Vandemoortele
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Wilmar International Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis

13. Appendix
13.1 About the Publisher
13.2 Glossary
Note: Product cover images may vary from those shown
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  • Associated British Foods
  • Bunge Limited
  • Conagra Brands, Inc.
  • EFKO Group
  • Fuji Oil Europe
  • NMGK Group
  • Puratos
  • Richardson International Limited
  • Vandemoortele
  • Wilmar International Limited
Note: Product cover images may vary from those shown
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