The global Pastry Margarine market is expected to reach a market valuation of USD 1,232.66 Million by the year 2023, accelerating with a CAGR of 5.4% by 2023 to 2033. Pastry Margarine sales are likely to account for a part of the demand in the global butter market, valued at USD 2,085.70 Million in 2033.
Margarine is an imitation form of butter spread which is used for baking, flavoring, and cooking purposes. Unlike butter which is made from the butterfat of milk, margarine is mainly made from refined vegetable oil and water which also contains traces of milk. Margarine resembles butter due to the presence of constituents such as water-in-fat emulsion wherein the water droplets are dispersed in a uniform manner throughout the fat phase giving a stable crystalline form.
Over the years there has been a significant rise in people suffering from heart diseases. Pastry margarines due to the absence of saturated fat helps consumers to win over the battle of increased heart risks without comprising with the taste of the products. These factors have been attributed for causing an increasing demand for pastry margarine over the forecast period.
Attributes
Details
Pastry Margarine Market Size (2023E)
USD 1,232.66 Million
Pastry Margarine Market Projected Size (2033F)
USD 2,085.70 Million
Value CAGR (2023 to 2033)
5.4%
Future Market Insights projects the market to remain lucrative, exhibiting growth at 5.4% CAGR between 2023 and 2033 in comparison to the CAGR of 2.9% posted between 2019 and 2022. The versatile nature of margarine makes it an effective component of the food industry particularly as an ingredient for the preparation of food products, such as cookies, pastries, and doughnuts.
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How Do the Pastry Margarine Market's Historic and Future Outlook Compare?
Pastry Margarine sales grew at a CAGR of 2.9% between 2018 and 2022. The period marked the entry of various market players and product innovations. The increased awareness of vegan lifestyle and healthy diet which is sustainable as well has spiked the demand for the Pastry Margarine market.
Covid-19 pandemic years affected the availability of margarine products in the market due to trade restrictions. Many margarine manufacturing units were closed due to unavailability of raw materials and skilled labourers. As many stores were forced to close down the sale of in store margarine products reduced considerably.
Trade restrictions worsened the market size even further due to limitations on import and export goods and high freight charges. As the situation comes to normalcy the demand for margarine is expected to rise further owing to health benefits associated with its consumption.
Moreover, the market participants need to come up with a new combination of flavors along with Pastry Margarine to meet up with growing preferences of the customers.
Unique Flavours and Use as Butter Alternatives Spurring Demand for Pastry Margarine
Pastry margarine is a low-cost alternative for butter which is the major driving factor causing a positive impact for the pastry margarine market.The low price of pastry margarine has led to an increase in its application in the food industry wherein butter was the only option. Pastry margarine comes in ready-to-use individual wrapped sheets. The ability of pastry margarine to be used as a roll-in fat makes the process of producing laminated bakery dough easy and quick.
Over the years the demand for pastry margarine having non-greasy surface property has witnessed a significant increase. The reason being that the non-greasy pastry margarine is easy to work with both by hand and extrusion process.
Moreover, the plastic nature of pasty margarine provides it with the ability to fold without breaking thus, making it successful for avoiding insufficient lift and flaky structure in the pastries.With the ongoing trend of a healthy lifestyle, consumers have become more health conscious thus, causing an increasing demand for food products with low-fat content but a high nutrient profile.
This has created an opportunity for the pastry margarine manufacturers to develop a product without the presence of trans fatty acids, hydrogenated fats, and lecithin. In the recent years, much of the world population has trended towards plant-based eating and this global shift is expected to persist providing this trend with a very strong impact.
Pastry margarine is majorly produced using a blend of vegetable fats and oils thus, making it suitable for the vegan population. These factors are expected to cause an increase in the demand for pastry margarine over the forecast period.
Overall, the demand for Pastry Margarine is driven by a combination of health-consciousness, vegan and plant-based trends, natural and clean label product preferences.
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Country Wise Insights
Region
North America
Country
United States
CAGR in %
6.3%
Market Value Share in % (2023)
27.3%
Region
Europe
Country
United Kingdom
CAGR in %
6.1%
Market Value Share in % (2023)
21.8%
Region
Asia Pacific
Country
China
CAGR in %
5.3%
Market Value Share in % (2023)
25%
Region
Asia Pacific
Country
India
CAGR in %
4.8%
Market Value Share in % (2023)
16%,
Region
Asia Pacific
Country
Japan
CAGR in %
4%
Market Value Share in % (2023)
11.4%
The Rise in Pastry Margarines in Japan
Pastry margarines have become increasingly popular in Japan over the past few years.The adaptability of pastry margarines is one of the reasons for their growing appeal. They are frequently produced using a combination of several vegetable oils and fats that may be modified to offer the unique texture and flavour required for a certain recipe. Pastry margarines also have a faster melting point than butter, making them more stable at room temperature and more suitable for use in baked products that need form retention.
Another driving force behind the trend is the growing desire for convenience in the food business. Pastry margarines are simple to use since they do not need to be softened or tempered before use, and they have a longer shelf life than butter. This makes them very desirable to professional bakers.
What is the outlook of the Pastry Margarine market in the USA?
The Pastry Margarine market in the USA is expected to grow at a CAGR of 6.3 % during the forecasted period.
The demand for pastry margarine in the USA is largely driven by the growth in the bakery industry, which includes both commercial bakeries and in-store bakeries. However, this growth may be impacted by factors such as changing consumer preferences for healthier food options and the increasing availability of alternative ingredients.
In the USA, the market for pastry margarine is highly competitive, with several key players in the market
United Kingdom May Experience a Rising Trend during the Anticipated Period
According to FMI, over the years there has been a significant rise in people suffering from heart diseases. Pastry margarines due to the absence of saturated fat helps consumers to win over the battle of increased heart risks without comprising with the taste of the products. These factors have been attributed for causing an increasing demand for pastry margarine over the forecast period.
Category Wise Insights
Adjacent Markets Overview
Butter Market:
Attributes
Butter Market
CAGR (2023 to 2033)
3.8%
Market Value (2023)
US$ 19.4 Billion
Growth Factor
The market is being driven by consumers shifting their focus away from functional ingredients and towards healthier products.
Opportunity
As a result of butter's growing appeal among customers, key manufacturers are introducing various products with butter as an ingredient.
Key Trends
Sales are being fueled by a growing demand for all-natural foods free of stabilizers and additives.
Margarine Market:
Attributes
Margarine Market
CAGR (2023 to 2033)
4.9%
Market Value (2023)
US$ 53.7 Billion
Growth Factor
As consumer awareness regarding consumption of healthy food increases brands are using it as low fat spread sourced from healthy oils and riving the margarine market growth consequently.
Opportunity
As the consumption of snacks like biscuits, muffins, plum- cakes, bread rise the demand for margarine is expected to grow to that effect. Increase in number of small regional outlets to higher-end artisanal bakeries
Key Trends
Consumer preference for clean labels is expected to further push the demand for plant-based margarine.
Vegan Margarine Market:
Attributes
Vegan Margarine Market
CAGR (2023 to 2033)
5.7%
Market Value (2023)
US$ 491.5 Million
Growth Factor
In addition to health concerns, environmental concerns are also playing a significant role in driving the demand for vegan pastry. Increasing concerns about pollution and environmental degradation have led people to look for more sustainable food choices.
Opportunity
Population is rising significantly and so is the demand for food and beverages, resulting in a considerable increase in number of people adopting vegan and plant-based diets, including vegan margarine, to maintain good health.
Key Trends
Vegan options are becoming more accessible and affordable, allowing people to try different types of food more easily.
Online Channels Are Witnessing Swift Growth due to High Internet Penetration
These channels can offer a variety of extra benefits, such as free shipping and coupon advantages. In addition to the abundance of Pastry Margarine products available online, the segment is anticipated to expand in popularity over the projected period due to the rising prevalence of delivery services and app-based merchants.
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Competitive Landscape
Some of the market participants operating in the global pastry margarine market identified across the value chain include Bunge, Conagra Brands, Inc., NMGK Group, Unilever, Peerless Holdings Pty Ltd, Niche Trading, Grüninger AG, Palsgaard A/S, Mewah Group, and Nutriswiss AG among other pastry margarine manufacturers.
Land O'Lakes, Inc., a farmer-owned cooperative, has launched new packaging for its consumer-facing LAND O LAKES® goods that features the farmers of the cooperative. The new packaging will be seen in several ways, including a new front-of-package plan that provides the slogan Farmer-Owned above the LAND O LAKES brand mark, Since 1921 underneath it, and a bright graphic of land and lakes.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value
Key Regions Covered
North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa
Key Countries Covered
United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Pastry Margarine Market by Category
By Fat Content:
Regular Pastry Margarine
Low-fat Pastry Margarine
By Form:
Hard Pastry Margarine
Medium Pastry Margarine
By Product type:
Spreadable
Sheets
Square Ready Bits
Others
By Application:
Cookies
Pastries
Fillings
Puffs
Others
By Distribution Channel:
B2B
B2C
Hypermarkets & Supermarkets
Convenience stores
Specialty stores
Online Retail
By Region:
North America
Latin America
Europe
Middle East and Africa
East Asia
South Asia
Oceania
Frequently Asked Questions
At what rate will the Pastry Margarine Market grow?
Throughout the forecast period, the Pastry Margarine Market is expected to grow at a CAGR of 5.4%
What is the expected value of the Pastry Margarine Market by 2032?
By 2032, the Pastry Margarine Market is expected to be worth USD 2,085.70 Million.
What are the key factors driving the Pastry Margarine Market?
With the growing trend of healthy lifestyles naturally derived food products have gained significant traction. Due to this reason, the Pastry Margarine market is expected to witness a significant increase over the forecast period.
Which region(s) adds to the highest Pastry Margarine Market Valuation?
North America, at first and Europe at second are the most important consumers and have the largest market share.
Who are the key players in the Pastry Margarine Market?
Some of the market participants operating in the global pastry margarine market identified across the value chain include Bunge, Conagra Brands, Inc., NMGK Group, Unilever, Peerless Holdings Pty Ltd, Niche Trading, Grüninger AG, Palsgaard A/S, Mewah Group, and Nutriswiss AG among other pastry margarine manufacturers.
