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Margarine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901217
Description Jump to:
The global margarine market size reached US$ 3.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2022-2028.

Margarine is a non-dairy alternative for butter having a similar appearance, consistency, taste, and nutritional value. It is produced by the amalgamation of various refined vegetable oils, including corn, palm, canola, soybean, etc. Margarine acts as a good source of essential fat-soluble nutrients that aid in maintaining lower blood cholesterol levels and reducing the risk of cardiovascular diseases. It is widely available in different forms such as sticks, cubes, tubs, liquid, spray, blocks, etc. Margarine is extensively used across bakeries, confectioneries, and household cooking.

Margarine Market Trends:

The rising consumer health concerns towards the negative impact of saturated fats have led to an increasing shift from butter towards margarine. Additionally, the high prevalence of lactose-intolerance disorders coupled with the growing awareness towards the dairy-free content of margarine is further propelling the product demand. In line with this, the increasing adoption of vegan trends and changing consumer dietary habits are also driving the market for margarine. Moreover, the expanding bakery sector is further augmenting the utilization of margarine in preparing pastries, doughnuts, cookies, etc. Several small-scale and artisanal bakeries are shifting from butter towards margarine as an essential ingredient for adding volume, texture, and maintaining its neutral taste to enhance flavors in the baked goods. Apart from this, the growing consumer consciousness towards clean-label and sustainable products has led to the emergence of non-GMO, allergen-free, and naturally-sourced margarine. Several manufactures are introducing organic and low-calorie variants of margarine that are made up of healthier vegetable oils, such as olive oil, palm oil, corn oil, etc. This is further expected to drive the global market for margarine over the forecasted period.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global margarine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, form, distribution channel and application.

Breakup by Source:

  • Plant
  • Animal

Breakup by Form:

  • Sticks
  • Cubes
  • Tubs
  • Liquid
  • Others

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Breakup by Application:

  • Household
  • Bakery
  • Confectionery
  • Spreads, Sauces and Toppings
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • United Arab Emirates
  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bunge Limited, Conagra Brands, Inc., EFKO Group, NMGK Group, PURATOS, Richardson International Limited, Vandemoortele and Wilmar International Ltd.

Key Questions Answered in This Report

1. What was the size of the global margarine market in 2022?
2. What is the expected growth rate of the global margarine market during 2023-2028?
3. What are the key factors driving the global margarine market?
4. What has been the impact of COVID-19 on the global margarine market?
5. What is the breakup of the global margarine market based on the source?
6. What is the breakup of the global margarine market based on the form?
7. What is the breakup of the global margarine market based on distribution channel?
8. What is the breakup of the global margarine market based on the application?
9. What are the key regions in the global margarine market?
10. Who are the key players/companies in the global margarine market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Margarine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Plant
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Animal
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Form
7.1 Sticks
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cubes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Tubs
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Liquid
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Hypermarkets and Supermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Household
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Bakery
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Confectionery
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Spreads, Sauces and Toppings
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Europe
10.2.1 Germany
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 France
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 United Kingdom
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 Italy
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Spain
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Russia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Asia Pacific
10.3.1 China
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 Japan
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 India
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 South Korea
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Australia
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Indonesia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Turkey
10.5.1.1 Market Trends
10.5.1.2 Market Forecast
10.5.2 Saudi Arabia
10.5.2.1 Market Trends
10.5.2.2 Market Forecast
10.5.3 United Arab Emirates
10.5.3.1 Market Trends
10.5.3.2 Market Forecast
10.5.4 Others
10.5.4.1 Market Trends
10.5.4.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bunge Limited
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Conagra Brands, Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 EFKO Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 NMGK Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 PURATOS
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Richardson International Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Vandemoortele
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Wilmar International Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
List of Figures
Figure 1: Global: Margarine Market: Major Drivers and Challenges
Figure 2: Global: Margarine Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Margarine Market: Breakup by Source (in %), 2022
Figure 4: Global: Margarine Market: Breakup by Form (in %), 2022
Figure 5: Global: Margarine Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Margarine Market: Breakup by Application (in %), 2022
Figure 7: Global: Margarine Market: Breakup by Region (in %), 2022
Figure 8: Global: Margarine Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Margarine (Plant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Margarine (Plant) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Margarine (Animal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Margarine (Animal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Margarine (Sticks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Margarine (Sticks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Margarine (Cubes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Margarine (Cubes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Margarine (Tubs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Margarine (Tubs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Margarine (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Margarine (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Margarine (Other Forms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Margarine (Other Forms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Margarine (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Margarine (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Margarine (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Margarine (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Margarine (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Margarine (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Margarine (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Margarine (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Margarine (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Margarine (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Margarine (Household) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Margarine (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Margarine (Bakery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Margarine (Bakery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Margarine (Confectionery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Margarine (Confectionery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Margarine (Spreads, Sauces and Toppings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Margarine (Spreads, Sauces and Toppings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Margarine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Margarine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Asia Pacific: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Asia Pacific: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: China: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: China: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Japan: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Japan: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: India: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: India: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: South Korea: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: South Korea: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Australia: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Australia: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Indonesia: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Indonesia: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Turkey: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Turkey: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Saudi Arabia: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Saudi Arabia: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: United Arab Emirates: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: United Arab Emirates: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Others: Margarine Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Others: Margarine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Global: Margarine Industry: SWOT Analysis
Figure 100: Global: Margarine Industry: Value Chain Analysis
Figure 101: Global: Margarine Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Margarine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Margarine Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 3: Global: Margarine Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Margarine Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Margarine Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Margarine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Margarine Market: Competitive Structure
Table 8: Global: Margarine Market: Key Players

Companies Mentioned

  • Bunge Limited
  • Conagra Brands Inc.
  • EFKO Group
  • NMGK Group
  • PURATOS
  • Richardson International Limited
  • Vandemoortele and Wilmar International Ltd.

Methodology

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About the Margarine Market

Margarine is a type of oil and fat product that is made from vegetable oils, such as soybean, corn, and sunflower. It is a semi-solid emulsion of oil and water, and is used as a spread, condiment, and ingredient in many recipes. Margarine is often used as a substitute for butter, and is often fortified with vitamins and minerals. It is also used in baking, frying, and other cooking applications. Margarine is available in a variety of forms, including tubs, sticks, and spray cans. It is also available in a range of flavors, such as butter, garlic, and olive. Margarine is often used as a healthier alternative to butter, as it is lower in saturated fat and cholesterol. Some companies in the margarine market include Unilever, Conagra Brands, Upfield, and Danone. Show Less Read more

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