Industrial Margarine Market Size

Industrial Margarine Market size was over USD 2.75 billion in 2023 and is anticipated to reach USD 4.93 billion by the end of 2036, growing at around 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial margarine is assessed at USD 2.85 billion.

Industrial margarine is an all-purpose margarine suitable for industrial uses related to baking. It is a butter substitute that is made from one or more vegetable or animal fats or oils which have been solidified by the process of hydrogenation. Depending on the type of margarine, the process can be fully hydrogenated, causing the oils to solidify, or partially hydrogenated, causing the semisolid oils to be lighter and more spreadable with more water and carbohydrates. Industrial margarine is used in cooking and as a spread which act as an emulsifier, providing organoleptic characteristics to the final product and also increases shelf-life. Nutritionally, margarine is treated as one of the primary sources of calories. Increasing consumption of bakery and related food products and changing eating habits of the global population combined with the growing awareness towards healthy fats are some of the significant factors boosting the market growth.