Industrial Margarine Market Report 2026

The industrial margarine market size has grown steadily in recent years. It will grow from $2.92 billion in 2025 to $3.04 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to expansion of bakery and processed food industries, replacement of butter in industrial applications, availability of vegetable oil feedstocks, adoption of margarine in convenience foods, growth of commercial food production.

The industrial margarine market size is expected to see strong growth in the next few years. It will grow to $3.72 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing demand for clean-label fat ingredients, rising focus on healthier fat formulations, expansion of plant-based food products, growing innovation in specialty margarine blends, increasing demand from foodservice and industrial kitchens. Major trends in the forecast period include increasing demand for plant-based fat alternatives, rising use in bakery and confectionery applications, growing preference for trans-fat-free margarine, expansion of specialty industrial margarine products, enhanced focus on texture and stability optimization.

The rapid expansion of the food industry is expected to propel the growth of the industrial margarine market going forward. The food industry encompasses the manufacturing and distribution of a wide range of food products. Industrial margarine is widely used as an emulsifying ingredient that enhances organoleptic properties such as rich flavor, smooth texture, and consistency in food products. For instance, in July 2025, according to Agriculture and Agri-Food Canada, a Canada-based government department, the food and beverage processing sector remained the country’s largest manufacturing industry by production value in 2024, generating $173.4 billion in goods. This accounted for 20.3% of total manufacturing sales and contributed 1.6% to the national GDP. Exports of processed food and beverage products reached a record $59.8 billion, reflecting a 3.8% increase from 2023 and representing 34.5% of the sector’s total production value. Therefore, the strong growth of the food industry is driving the industrial margarine market.

Major companies operating in the industrial margarine market are concentrating on innovation, including the development of margarine and spread solutions, to address rising demand for healthier and more adaptable food ingredients. Margarine and spreads are food products commonly used as alternatives to butter or as functional ingredients in cooking and baking applications. For example, in April 2023, Orazly Ýalkym, a Turkmenistan-based oil company, introduced a new production line for margarine and spreads, representing a major advancement in the country’s food manufacturing capabilities. The initiative is intended to strengthen domestic production and reduce dependence on imports. The facility incorporates modern technology to produce high-quality products that meet international standards and is designed to serve both local consumers and potential export markets. This launch highlights a broader trend of investment in food processing industries in Turkmenistan, aimed at increasing self-sufficiency and supporting economic development.

In March 2023, KTC, a UK-based edible oil producer, acquired Cardowan Creameries for an undisclosed amount. Through this acquisition, KTC expanded its product portfolio by incorporating Cardowan’s specialized expertise in manufacturing bread fat emulsions and cake margarines. Cardowan Creameries is a UK-based company specializing in margarine production.

Major companies operating in the industrial margarine market are Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Ltd, Bunge Limited, Unilever, AAK AB, Fuji Oil Co Ltd, Vandemoortele, Puratos, Richardson International Limited, Remia C V, S A Aigremont N V, LASENOR EMUL S L, EFKO Group, Royale Lacroix SA, PT Bonanza Mega H Ltd, Muez Hest India Pvt Ltd, NMGK Group, Orkla ASA, Currimjee Group.

North America was the largest region in the industrial margarine market in 2025. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial margarine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial margarine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The industrial margarine market consists of sales of cake margarine and block-type margarine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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