The Growing Bakery Industry Drives the Growth of the Industrial Margarine Market
The growing bakery industry has significantly impacted the demand for industrial margarine. Industrial margarine is a type of margarine specifically formulated for commercial bakery applications, such as the production of cakes, pastries, cookies, and other baked goods on a large scale. The bakery industry is one of the most well-established industries in Western Europe and North America.
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In recent years, the bakery industry has developed significantly due to technological advancements and increased per capita income, resulting in more demand for these items. According to the European Regional Development Fund (ERDF), in 2020, the bakery industry acquired a major portion of the food industry, with global sales estimated at USD 350 billion. One of the factors driving this trend is the increasing demand for commercially baked prepackaged goods. Margarine plays a prominent role in bakery products. Also, margarine is inexpensive than butter and provides similar quality, which drives its application in bakery products.
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Gluten is a protein found in wheat, barley, and rye, which gives structure and elasticity to baked goods. Achieving the desired texture and moisture retention can be challenging when baking gluten-free products. Industrial margarine, specifically formulated for bakery applications, can help enhance the texture and moisture in gluten-free baked goods. It can provide a tender crumb, improve the mouthfeel, and contribute to the overall quality of gluten-free products.