Europe Margarine Market

Europe Margarine Market Growth and Forecast (2023 - 2028):

The Europe Margarine Market is worth $ xx million in 2022 and is expected to grow to $ xx million by the end of 2028 with a compound annual rate of xx% between 2023 and 2028.

Product Description:

Margarine is an evolution towards widely accepted diffusion, an excellent example of technological advancements made through the combined efforts of food technologists, nutritionists, Petro chemists, and chemical engineers. Margarine has established itself as an excellent nutritional food throughout the world due to its concentrated dietary energy source. It can be evenly supplemented with vitamins D and A and it can also be a source of polyunsaturated essential fatty acids. Margarine does not replace or imitate butter. Although spreads are made from natural products and are known to have all the physical, sensory and nutritional properties of butter. Also, products like cakes and pastries are always popular sweets for most consumers, but people try to avoid them because of their high fat and calorie content. To meet consumer demand for low-cholesterol, low-fat, and low-calorie bakery and confectionery products, manufacturers are using margarine as an alternative to butter.

Market Growth:

The increasing adoption of bakery and confectionery products as desserts in all age groups is expected to have a positive impact on the future growth of the Europe Margarine market.

Drivers:

The increase in margarine consumption may be due to improvements in refining methods. Improved production methods have resulted in the production of superior quality margarine while mimicking the consistency, texture, taste and flavor of real butter. Growing concern about the adverse effects of cholesterol and saturated fat has led consumers to prefer healthier alternatives to butter, such as vegetable fats and margarine. End-user awareness of chronic diseases coupled with a thriving food and bakery industry will drive the Europe Margarine market growth during the forecast period. Obviously, increased health awareness leading to higher demand for lower calorie foods will represent a profitable roadmap for the Europe Margarine market for years to come. In addition, the burgeoning market for low-fat diets driven by changes in consumption patterns and lifestyles will drive the expansion of the Europe Margarine business during the forecast period. The rapid growth of the processed food industry and increased consumption of bakery, confectionery and dairy products are among the factors expected to drive the growth of the Europe Margarine market. In the bakery industry, cake margarine is widely used as an ingredient in cakes, donuts, and cookies due to its ideal breathable properties, such as the ability to add volume and give bakery products a mild flavor and texture. It is also relatively low in trans-fat, making it a cost-effective substitute for butter and other fat-soluble products. Margarine tends to have a neutral or mild flavor, so the overall taste does not determine the taste of the product. The industry also believes that margarine provides ideal properties for products, as it helps add volume, texture and grain to bakery products. Butter is high in saturated fat, but margarine is high in unsaturated fat and sometimes high in trans-fat. While there is much controversy about the health effects of saturated fat, the effects of trans fat are also significant. The lifestyles and eating habits of consumers are changing. Consumers are more aware of their fat and calorie intake. The transition from the consumer's diet to a natural dairy-free product is being observed. Therefore, consumers prefer margarine to butter because of its low fat and calorie content. The remarkable growth of the margarine market is due to an increase in the disposable income of consumers around the Europe Margarine. The increase in income has boosted the purchasing power of consumers around the region, which will drive the growth of the supply of margarine in the Europe Margarine market. Additionally, changes in consumer lifestyles are another driving force in the industry. To save time after a busy day, consumers often find foods that take little time to prepare. Margarine is a convenient food that can be consumed anytime, anywhere. People with tight office hours can bring them to the workplace along with margarine to consume bread or other food products. The demand for soft margarine is likely to increase in the future due to the health benefits over butter and hard margarine. Soft margarine is low in trans-fat. Soft margarine's low trans-fat content has been associated with a significant reduction in the risk of heart disease, metabolic disorders, and stroke. Increasing demand in the food processing sector is expected to drive the Europe Margarine market in the forecast period due to the softness and soft consistency of soft margarine.

Restraints:

The price of dairy products, especially butter, is expensive and is expected to rise further. The high price of butter will strengthen the market for Europe Margarine, a cheaper alternative to butter. The availability of margarine and other alternatives to health-related concerns about fat consumption could slow the growth of the Europe Margarine market.

Market Segmentation Analysis:

The Europe Margarine market segmented by hard, soft and liquid product. The size of the global soft product market could see a gain of close to 4% by the end of the projected period as awareness of the adverse health effects of trans fats increases. The lack of trans fats in this product significantly reduces the risk of heart disease, metabolic disorders, and strokes. Due to its high softness and squishy consistency, it will increase the demand from the sector for functional foods and diet spreads, which will drive the growth of the Europe Margarine market.

The Europe Margarine market segmented by application as residential and commercial by application. The commercial applications segment dominated the margarine market and accounted for more than 80% of total revenue in 2020. The massive demand for margarine in the food manufacturing, restaurant, hotel and cafe sector has driven commercial use of the product. The residence applications segment is expected to show the fastest growth during the forecast period. Recent years have seen changes in consumer preferences for low-fat spreads. As a result, margarine is gaining popularity as a tabletop spread due to its health benefits and affordability.

Regional Analysis:

The size of the European margarine market, led by the UK, France, Spain and Germany, is estimated to exceed USD 1.15 billion by the end of the forecast period due to the presence of a significant number of restaurants serving international cuisine. Increasing demand for chilled sauces, salad dressings and dressings, as well as significant efforts by manufacturers to develop innovative products such as preservative-free, organic and low-calorie items, will further drive growth in the UK Margarine market. The fast growing food processing industry in the region is expected to have a positive impact on the demand for French margarine in the future. In addition, growing health problems among consumers are driving the growth of the Spanish regional market.

Top Leading Company:

Major competitors in the Europe Margarine market include Bunge Limited, Wilmar International Ltd, PURATOS, Conagra Brands, Inc., Richardson International Limited., FUJI OIL HOLDINGS INC., Currimjee Jeewanjee and Company Limited., NMGK Group, EFKO Group, Vandemoortele, Dairy Crest Limited, Unilever, LASENOR EMUL, Sime Darby Oils Zwijndrecht Refinery BV, Muez-Hest India Private Limited., SL, Silverson, Bonanza Megah, Walter Rau Lebensmittelwerke GmbH and Cardowan Creameries Limited.