Asia Pacific Industrial Margarine Market to 2027 - Regional Analysis and Forecasts by Application (Bakery, Spreads Sauces and Toppings, Confectionery, Convenience Food, Others); Type (Spreadable Margarine, All-Purpose Industrial Margarine, Butter Blend); Source (Animal Source, Plant Source); Form (Hard Industrial Margarine, Soft Industrial Margarine), and Countries
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. Moreover, products like cakes and pastries are all the time popular confectionaries for most of the consumers, but people try to avoid these items due to its high fat and calorie content. To fulfil the consumer’s demand of with low fat, low cholesterol and less calorie bakery and confectionary, manufacturers are using industrial margarine instead of butter as an alternative.
Asia Pacific Industrial Margarine Market
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Market Insights
The rising demand for low-calorie food items to favor the Asia Pacific industrial margarine market.
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. Young consumers are increasingly getting aware of the health benefits of adopting a healthy diet with low fat, low cholesterol and less calorie foods to prevent obesity and diabetes. The rising demand for bakery and confectionary products among the consumers in Asia Pacific is expected to fuel the market growth for industrial margarine market. Products like cakes and pastries are all the time popular confectionaries for most of the consumers, but people try to avoid these items due to its high fat and calorie content. To fulfil the consumer’s demand of with low fat, low cholesterol and less calorie bakery and confectionary, manufacturers are using industrial margarine instead of butter as an alternative. However, 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. The key players in the industrial margarine market are experimenting with new and innovative flavors & products. As flavor options increase, consumers easily get attracted towards the products, which helps in increased in sale and revenue generation. 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.
Application Insights
The Asia Pacific Industrial Margarine market is segmented on the basis of application is segmented into bakery, spreads sauces and toppings, confectionery, convenience food and others. The bakery segment led the Asia Pacific industrial margarine market by application. Industrial margarine is a water-in-fat emulsion, in which tiny water droplets are dispersed uniformly throughout the fat phase. It is widely used spread for flavoring, cooking, and baking. Margarine is rich in vitamin E and sodium. As margarine is deficient in essential micro-nutrients it is fortified with Vitamin A, Vitamin C, Vitamin D, and other micro-nutrients. Margarine is a vegetable or animal fat used widely as a spread. It resembles in taste and texture to butter and is commonly used as a butter substitute in baked goods. In recent times, margarine has been recognized by health professionals as a healthy table spread and a cheap alternative to butter used in cooking and baking food. Margarine has become a dietary staple in many nations owing to its taste, low price, spread ability, and convenience. Industrial margarine is used in bakeries to produce a wide range of confectioneries such as puff pastries, cakes, croissants, Danish pastries etc. Cake margarines are specifically designed to make the batter and the final product more stable. Margarines are used as ingredients to cook a number of convenience foods such as soups, party dips, and as mixes for cakes and bread. Margarine is used in the preparation of bread. It is used as an ingredient in preparation of bread products as it keeps the wheat dough moisture while allowing the bread to be tender. Margarine adds more flavor than shortening and hence is often used in making dough.
Type Insights
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.
Source Insights
The Asia Pacific Industrial Margarine market is segmented on the basis of source into animal source and plant source. The plant source segment dominated the Asia Pacific industrial margarine market. Margarine is a butter substitute made typically by combining water and vegetable oils, such as corn, soybean, canola, palm, or olive oils. Ingredients like colorings, salt, and natural or artificial flavorings are sometimes added. Therefore, most margarine contains absolutely no animal products, which makes it a suitable vegan alternative to butter. Although most margarine is made from plant-based ingredients, they remain a refined product. This means that they’re produced from extracted components of whole foods, such as plant oils, instead of the whole foods themselves. At first, in the 19th century, margarine was made with animal fats, as these provided a convenient source of saturated fat. This soon led to shortages since animal fat was also used to manufacture soap. The various types of ingredients that are derived from the animal source in making margarine include lactose, whey, casein, vitamin D3, marine oil, and lecithin, among others. Vitamin D3 is usually made from lanolin that is derived from sheep’s wool. Marine oil is derived from fish, or other aquatic animals are used in margarine, especially shortening types.
Form Insights
The Asia Pacific Industrial Margarine market is segmented on the basis of form into hard industrial margarine and oft industrial margarine. The hard industrial margarine dominates the Asia Pacific industrial margarine market. Hard industrial margarines are usually composed of 80% saturated fat, 14% monounsaturated fat and 6% polyunsaturated fats. Hard industrial margarines have smoke point around 302°f (150°c), and a fire point of around 700°f (371°c). They are used in bakeries, and food processing plants to manufacture pies, crackers, rusks, doughnuts, croissants, and Danish pastries. Hard industrial margarines generally have high trans-fat content. Soft industrial margarine is available in tubs and mostly used as a spread. It is low in both saturated as well as trans-fats and hence is preferred over hard margarine. Soft Margarine is used in applications such as baking, condiments, gentle sautéing, and pressure cooking. Soft industrial margarines are made with less hydrogenated oils compared to hard industrial margarine. Soft industrial margarine is low in trans-fats. The low trans-fat contents in soft industrial margarine are associated with significantly reducing the risks of heart disease, metabolic disorders, and strokes. Growing demand from food processing sector owing to the tenderness and smooth consistency of soft industrialized margarine is expected to drive the soft industrial margarine market in the forecast period.
India Industrial Margarine Market, by type
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ASIA PACIFIC INDUSTRIAL MARGARINE MARKET SEGMENTATION
- Bakery
- Spreads, sauces and toppings
- Confectionary
- Convenience Food
- Others
- Spreadable Margarine
- All-Purpose Industrial Margarine
- Butter Blend
- Others
- Animal Source
- Plant Source
- Hard Industrial Margarine
- Soft Industrial Margarine
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Bunge Limited
- Associate British foods
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortel
- Wilmar International Ltd.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Industrial Margarine Market – By Application
1.3.2 Asia Pacific Industrial Margarine Market – By Type
1.3.3 Asia Pacific Industrial Margarine Market – By Source
1.3.4 Asia Pacific Industrial Margarine Market – By Form
1.3.5 Asia Pacific 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 Asia Pacific PEST Analysis
5. Industrial Margarine Market – Key Industry Dynamics
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 and 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
6. Industrial Margarine– Asia Pacific Market Analysis
6.1 Asia Pacific Industrial Margarine MarketOverview
6.2 Asia Pacific Industrial Margarine Market Forecast and Analysis
7. Asia Pacific Industrial Margarine Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Industrial Margarine Market Breakdown, By Type, 2018 & 2027
7.3 Spreadable Margarine
7.3.1 Overview
7.3.2 Asia Pacific Spreadable Industrial Margarine Market, Revenue and Forecasts to 2027 (US$ MN)
7.4 All Purpose Industrial Margarine
7.4.1 Overview
7.4.2 Asia Pacific All-Porpose Industrial Margarine Revenue and Forecasts to 2027 (US$ MN)
7.5 Butter Blend
7.5.1 Overview
7.5.2 Asia Pacific Butter Blend Market Revenue and Forecasts to 2027 (US$ MN)
8. Asia Pacific Industrial Margarine Market Analysis – By Source
8.1.1 Overview
8.2 Asia Pacific Industrial Margarine Market Breakdown, By Source, 2018 & 2027
8.3 Plant Source
8.3.1 Overview
8.3.2 Asia Pacific Plant Source Market Revenue and Forecasts to 2027 (US$ MN)
8.4 Animal Source
8.4.1 Asia Pacific Animal Source Market Revenue Forecasts to 2027 (US$ Mn)
9. Asia Pacific Industrial Margarine Market Analysis – By Form
9.1 Overview
9.2 Asia Pacific Industrial Margarine Market Breakdown, By Form, 2018 & 2027
9.3 Hard Industrial Margarine
9.3.1 Asia Pacific Hard Industrial Margarine Market Revenue Forecasts to 2027 (US$ Mn)
9.4 Soft Industrial Margarine
9.4.1 Asia Pacific Soft Industrial Margarine Market Revenue Forecasts to 2027 (US$ Mn)
10. Asia Pacific Industrial Margarine Market Analysis – By Application
10.1 Overview
10.2 Asia Pacific Industrial Margarine Market Breakdown, By Application, 2018 & 2027
10.3 Bakery
10.3.1 Overview
10.3.2 Asia Pacific Bakery Market, Revenue Forecasts to 2027 (US$ Mn)
10.4 Spreads, Sauces, and Toppings
10.4.1 Overview
10.4.2 Asia Pacific Spreads, Sauces, and Toppings Market, Revenue Forecasts to 2027 (US$ Mn)
10.5 Confectionery
10.5.1 Overview
10.5.2 Asia Pacific Confectionery Market, Revenue Forecast to 2027 (US$ Mn)
10.6 Convenience Food
10.6.1 Overview
10.6.2 Asia Pacific Convenience Food Market, Revenue Forecast to 2027 (US$ Mn)
10.7 Others
10.7.1 Overview
10.7.2 Asia Pacific Others Market, Revenue Forecasts to 2027 (US$ Mn)
11. Asia Pacific Industrial Margarine Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific Industrial Margarine Market Breakdown, by Key Countries
11.1.1.1 China Industrial Margarine Market Revenue and Forecast to 2027 (US$ MN)
11.1.1.1.1 China Industrial Margarine Market Breakdown, by Products
11.1.1.1.2 China Industrial Margarine Market Breakdown by Form
11.1.1.1.3 China Industrial Margarine Market Breakdown by Application
11.1.1.2 India Industrial Margarine Market Revenue and Forecast to 2027 (US$ MN)
11.1.1.2.1 India Industrial Margarine Market Breakdown by Type
11.1.1.2.2 India Industrial Margarine Market Breakdown by Source
11.1.1.2.3 India Industrial Margarine Market Breakdown by Form
11.1.1.2.4 India Industrial Margarine Market Breakdown by Application
11.1.1.3 Japan Industrial Margarine Market Revenue and Forecast to 2027 (US$ MN)
11.1.1.3.1 Japan Industrial Margarine Market Breakdown by Type
11.1.1.3.2 Japan Industrial Margarine Market Breakdown by Source
11.1.1.3.3 Japan Industrial Margarine Market Breakdown by Form
11.1.1.3.4 Japan Industrial Margarine Market Breakdown by Application
11.1.1.4 South Korea Industrial Margarine Market Revenue and Forecast to 2027 (US$ MN)
11.1.1.4.1 South Korea Industrial Margarine Market Breakdown by Type
11.1.1.4.2 South Korea Industrial Margarine Market Breakdown by Source
11.1.1.4.3 South Korea Industrial Margarine Market Breakdown by Form
11.1.1.4.4 South Korea Industrial Margarine Market Breakdown by Application
11.1.1.5 Rest of Asia Pacific Industrial Margarine Market Revenue and Forecast to 2027 (US$ MN)
11.1.1.5.1 Rest of Asia Pacific Industrial Margarine Market Breakdown by Type
11.1.1.5.2 Rest of Asia Pacific Industrial Margarine Market Breakdown by Source
11.1.1.5.3 Rest of Asia Pacific Industrial Margarine Market Breakdown by Form
11.1.1.5.4 Rest of Asia Pacific Industrial Margarine Market Breakdown by Application
12. Industry Landscape
12.1 Merger and Acquisition
13. Company Profiles
13.1 Bunge Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Associated British Foods plc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Conagra Brands, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EFKO Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Fuji Oil Europe
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NMGK Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Puratos
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Richardson International Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Vandemoortele
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Wilmar International Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About the Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Industrial Margarine Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Asia Pacific Industrial Margarine Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. China Industrial Margarine Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 4. China Industrial Margarine Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 5. China Industrial Margarine Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 6. China Industrial Margarine Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 7. India Industrial Margarine Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 8. India Industrial Margarine Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 9. India Industrial Margarine Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 10. India Industrial Margarine Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 11. Japan Industrial Margarine Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 12. Japan Industrial Margarine Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 13. Japan Industrial Margarine Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 14. Japan Industrial Margarine Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 15. South Korea Industrial Margarine Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 16. South Korea Industrial Margarine Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 17. South Korea Industrial Margarine Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 18. South Korea Industrial Margarine Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 19. Rest of Asia Pacific Industrial Margarine Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 20. Rest of Asia Pacific Industrial Margarine Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 21. Rest of Asia Pacific Industrial Margarine Market Revenue And Forecasts To 2027 – By Form (US$ Mn)
Table 22. Rest of Asia Pacific Industrial Margarine Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 23. Glossary of Terms, Industrial Margarine Market
LIST OF FIGURES
Figure 1. Asia Pacific Industrial Margarine Market Segmentations
Figure 2. Asia Pacific Industrial Margarine Market Segmentation – By Country
Figure 3. Asia Pacific Industrial Margarine Market Overview
Figure 4. Bakery Held Largest Share In The Asia Pacific Industrial Margarine Market By Application
Figure 5. China Dominated The Asia Pacific Industrial Margarine Market In 2018
Figure 6. Asia Pacific Industrial Margarine Market, Industry Landscape
Figure 7. Asia Pacific – Pest Analysis
Figure 8. Asia Pacific Industrial Margarine Market Forecast And Analysis, (US$ Mn)
Figure 9. Asia Pacific Industrial Margarine Market Breakdown by Product, 2018 & 2027
Figure 10. Asia Pacific Spreadable Industrial Margarine Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Asia Pacific All- Purpose Industrial Margarine Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 12. Figure 12Butter Blend Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia Pacific Industrial Margarine Market Breakdown, By Source, By value, To 2027 (US$ Mn)
Figure 14. Asia Pacific Plant Source Market Revenue and Forecasts to 2027 (US$ Mn
Figure 15. Asia Pacific Animal Source Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. Asia Pacific Industrial Margarine Market Breakdown, By Source, By value, To 2027 (US$ Mn)
Figure 17. Asia Pacific Hard Industrial Margarine Market Revenue Forecasts To 2027 (US$ Mn)
Figure 18. Asia Pacific Soft Industrial Margarine Market Revenue Forecasts To 2027 (US$ Mn)
Figure 19. Asia Pacific Industrial Margarine Market Breakdown, By Application, in Terms of Value, 2018 & 2027 (%)
Figure 20. Asia Pacific Bakery Market, Revenue Forecast To 2027 (US$ Mn)
Figure 21. Asia Pacific Spreads, Sauces, and Toppings Market, Revenue Forecasts To 2027 (US$ Mn)
Figure 22. Asia Pacific Confectionery Market, Revenue Forecast To 2027 (US$ Mn)
Figure 23. Asia Pacific Convenience Food Market, Revenue Forecast To 2027 (US$ Mn)
Figure 24. Asia Pacific Others Market, Revenue Forecast To 2027 (US$ Mn)
Figure 25. Asia Pacific Industrial Margarine Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 26. China Industrial Margarine Market Forecasts To 2027 (US$ Mn)
Figure 27. India Industrial Margarine Market Forecasts To 2027 (US$ Mn)
Figure 28. Japan Industrial Margarine Market Forecasts To 2027 (US$ Mn)
Figure 29. South Korea Industrial Margarine Market Forecasts To 2027 (US$ Mn)
Figure 30. Rest Of Asia Pacific Industrial Margarine Market Forecasts To 2027 (US$ Mn)
The List of Companies - Asia Pacific Industrial Margarine Market
- Bunge Limited
- Associate British foods
- Conagra Brands, Inc.
- EFKO Group
- Fuji Oil Europe
- NMGK Group
- Puratos
- Richardson International Limited
- Vandemoortel
- Wilmar International Ltd.
- 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 Asia Pacific 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.