According to HTF Market Intelligence, the global Industrial Hard Margarine market is valued at USD 1595 Million in 2024 and estimated to reach a revenue of USD 2305 Million by 2031, with a CAGR of 6.33% from 2024 to 2031.

Industrial Hard Margarine Market Overview

Hydrogenating vegetable oils, such as canola, safflower, sunflower, and palm oil, yields margarine. Hard margarine typically has higher levels of saturated fatty acids than liquid and soft/tub margarine. The market is being driven mostly by the increased need for hard margarine in the food and beverage sector for applications in confectionery and baking. Furthermore, the Industrial Hard Margarine market is being driven by the growing consumption of packaged bakery goods as a result of shifting customer choices and lifestyles.

Some of the companies listed in the study from the complete survey list are Congara (US), Bunge (Germany), Puratos (Belgium), Associated British Foods (US), Fuij Oil (Japan), Richardson International (Italy), Royale Lacroix (Belgium), Aigremont (Belgium), Vandemoortele (Belgium), NMGK Group (Russia), EFCO Group (Russia), Wilmar International (Singapore).

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Market Drivers

Industrial hard margarine may be chosen by food manufacturers for its cost-effectiveness compared to butter. Margarine, in general, tends to be less expensive than butter, making it an attractive option for large-scale food production.

Market Opportunities:

With the growing trend towards plant-based diets, there is an opportunity for the development of plant-based industrial hard margarine formulations.

Industrial Hard Margarine Market Segmentation

The Industrial Hard Margarine Market is Segmented by Application (Bakery, Confectionery, Convenience food) by Type (Spreadable, All purpose, Butter blend) by Form (Hard, Soft) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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