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Margarine Market Size, Share & Trends Analysis Report by Product (Hard, Soft, Liquid), Application (Commercial, Household), Region (North America, Europe, Asia Pacific, Latin America, MEA), with Growth Forecasts, 2025-2030

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    Report

  • 80 Pages
  • April 2025
  • Region: Global
  • Grand View Research
  • ID: 6085721
Description Jump to:
The Margarine Market was valued at USD 4.03 Billion in 2024, and is projected to reach USD 4.64 Billion by 2030, rising at a CAGR of 2.40%. Increasing number of health conscious consumers is expected to drive the demand for the product as it contains low fat, low calorie, and low cholesterol. Furthermore,the consumption pattern will shift towards healthier and heart-friendly alternatives in the near future due to growing aging population.

Increasing application of the product in the bakery and confectionary industry is a key factor fueling the market growth. Margarine has gained significant popularity as an affordable, healthier, and sustainable ingredient among numerous food manufacturers. As a result, in terms of application, the commercial segment dominated the market in 2024.

In terms of product, hard margarine led the market with over 51.5% share of the total revenue in 2024. It is the most used form of the product in the food industry. Rising acceptance of packaged cookies and biscuits has widened the opportunity for hard margarine over the world. Liquid margarine is expected to witness the fastest growth over the forecast period owing to its lower fat content.

Key competitors in the industry include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; Upfield; China Mengniu Dairy Company Limited; and Namchow. Merger & acquisition and new product launch are the key strategies adopted by the margarine manufacturers. For instance, in July 2018, Kohlberg Kravis Roberts & Co. L.P. (KKR) completed its acquisition of Unilever’s Spreads business. KKR acquired the business for USD 8.04 billion and it includes Unilever’s Country Crock, Becel, Flora, and Blue Band brands. This acquisition helped to reshape and enhance the product portfolio of the Spreads business.

Margarine Market Report Highlights

  • In terms of product, the hard segment dominated the market in 2024 with over 51.5% share of the global revenue owing to extensive application scope of the product in the bakery and confectionary industry
  • The household application segment is expected to expand at the fastest CAGR of 1.9% from 2025 to 2030. This growth is attributed to increasing importance of healthy spreads during breakfast and dinner among the millennials
  • Asia-Pacific is expected to exhibit the fastest CAGR of 3.4% from 2025 to 2030 owing to growing demand for the product in countries, such as China and India

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listings for you to stay ahead of the curve

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Margarine Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Industry Analysis Tools
3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Margarine Market: Product Estimates & Trend Analysis
5.1. Margarine Market, by Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, by Product, 2018-2030 (USD Million)
5.3.1. Hard
5.3.1.1. Market Estimates and Forecast, 2018-2030 (USD Million)
5.3.2. Soft
5.3.2.1. Market Estimates and Forecast, 2018-2030 (USD Million)
5.3.3. Liquid
5.3.3.1. Market Estimates and Forecast, 2018-2030 (USD Million)
Chapter 6. Margarine Market: Application Estimates & Trend Analysis
6.1. Margarine Market, by Application: Key Takeaways
6.2. Application Movement Analysis & Market Share, 2024 & 2030
6.3. Market Estimates & Forecasts, by Application, 2018-2030 (USD Million)
6.3.1. Commercial
6.3.1.1. Market Estimates and Forecast, 2018-2030 (USD Million)
6.3.2. Household
6.3.2.1. Market Estimates and Forecast, 2018-2030 (USD Million)
Chapter 7. Margarine Market: Regional Estimates & Trend Analysis
7.1. Margarine Market: Regional Outlook
7.2. Regional Marketplaces: Key Takeaways
7.3. Market Estimates & Forecasts, by Region, 2018-2030 (USD Million)
7.3.1. North America
7.3.1.1. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.1.2. U.S.
7.3.1.2.1. Key Country Dynamics
7.3.1.2.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.1.3. Canada
7.3.1.3.1. Key Country Dynamics
7.3.1.3.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.1.4. Mexico
7.3.1.4.1. Key Country Dynamics
7.3.1.4.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2. Europe
7.3.2.1. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2.2. Germany
7.3.2.2.1. Key Country Dynamics
7.3.2.2.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2.3. U.K.
7.3.2.3.1. Key Country Dynamics
7.3.2.3.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2.4. France
7.3.2.4.1. Key Country Dynamics
7.3.2.4.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2.5. Italy
7.3.2.5.1. Key Country Dynamics
7.3.2.5.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.2.6. Spain
7.3.2.6.1. Key Country Dynamics
7.3.2.6.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3. Asia Pacific
7.3.3.1. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3.2. China
7.3.3.2.1. Key Country Dynamics
7.3.3.2.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3.3. India
7.3.3.3.1. Key Country Dynamics
7.3.3.3.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3.4. Japan
7.3.3.4.1. Key Country Dynamics
7.3.3.4.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3.5. Australia & New Zealand
7.3.3.5.1. Key Country Dynamics
7.3.3.5.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.3.6. South Korea
7.3.3.6.1. Key Country Dynamics
7.3.3.6.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.4. Latin America
7.3.4.1. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.4.2. Brazil
7.3.4.2.1. Key Country Dynamics
7.3.4.2.2. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.5. Middle East & Africa
7.3.5.1. Market Estimates and Forecast, 2018-2030 (USD Million)
7.3.5.2. UAE
7.3.5.2.1. Key Country Dynamics
7.3.5.2.2. Market Estimates and Forecast, 2018-2030 (USD Million)
Chapter 8. Margarine Market: Competitive Analysis
8.1. Recent Developments & Impact Analysis, by Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2024 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.9.1. Unilever
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Portfolios
8.9.1.4. Strategic Initiatives
8.9.2. Bunge
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Portfolios
8.9.2.4. Strategic Initiatives
8.9.3. NMGK Group
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Portfolios
8.9.3.4. Strategic Initiatives
8.9.4. Conagra Brands, Inc.
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Product Portfolios
8.9.4.4. Strategic Initiatives
8.9.5. Wilmar International Ltd
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Portfolios
8.9.5.4. Strategic Initiatives
8.9.6. BRF Global.
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Portfolios
8.9.6.4. Strategic Initiatives
8.9.7. Yildiz Holding
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Portfolios
8.9.7.4. Strategic Initiatives
8.9.8. Cargill, Incorporated.
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Portfolios
8.9.8.4. Strategic Initiatives
8.9.9. Uni-President
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Portfolios
8.9.9.4. Strategic Initiatives
8.9.10. Flora Food Group
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Portfolios
8.9.10.4. Strategic Initiatives
8.9.11. China Mengniu Dairy Company Limited
8.9.11.1. Company Overview
8.9.11.2. Financial Performance
8.9.11.3. Product Portfolios
8.9.11.4. Strategic Initiatives
8.9.12. Namchow (THAILAND) LTD.
8.9.12.1. Company Overview
8.9.12.2. Financial Performance
8.9.12.3. Product Portfolios
8.9.12.4. Strategic Initiatives
List of Tables
Table 1 Global Margarine Market: Key Market Driver Analysis
Table 2 Global Margarine Market: Key Market Restraint Analysis
Table 3 Global Margarine Market Estimates & Forecast, by Product (USD Million)
Table 4 Global Margarine Market Estimates & Forecast, by Application (USD Million)
Table 5 Global Margarine Market Estimates & Forecast, by Region (USD Million)
Table 6 North America Margarine Market Estimates and Forecast, by Country, 2018-2030 (USD Million)
Table 7 North America Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 8 North America Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 9 U.S. Macro-Economic Outlay
Table 10 U.S. Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 11 U.S. Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 12 Canada Macro-Economic Outlay
Table 13 Canada Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 14 Canada Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 15 Mexico Macro-Economic Outlay
Table 16 Mexico Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 17 Mexico Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 18 Europe Margarine Market Estimates and Forecast, by Country, 2018-2030 (USD Million)
Table 19 Europe Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 20 Europe Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 21 Germany Macro-Economic Outlay
Table 22 Germany Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 23 Germany Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 24 U.K. Macro-Economic Outlay
Table 25 U.K. Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 26 U.K. Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 27 France Macro-Economic Outlay
Table 28 France Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 29 France Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 30 Italy Macro-Economic Outlay
Table 31 Italy Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 32 Italy Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 33 Spain Macro-Economic Outlay
Table 34 Spain Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 35 Spain Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 36 Asia Pacific Margarine Market Estimates and Forecast, by Country, 2018-2030 (USD Million)
Table 37 Asia Pacific Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 38 Asia Pacific Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 39 China Macro-Economic Outlay
Table 40 China Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 41 China Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 42 India Macro-Economic Outlay
Table 43 India Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 44 India Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 45 Japan Macro-Economic Outlay
Table 46 Japan Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 47 Japan Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 48 Australia & New Zealand Macro-Economic Outlay
Table 49 Australia & New Zealand Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 50 Australia & New Zealand Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 51 South Korea Macro-Economic Outlay
Table 52 South Korea Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 53 South Korea Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 54 Latin America Margarine Market Estimates and Forecast, by Country, 2018-2030 (USD Million)
Table 55 Latin America Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 56 Latin America Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 57 Brazil Macro-Economic Outlay
Table 58 Brazil Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 59 Brazil Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 60 Middle East & Africa Margarine Market Estimates and Forecast, by Country, 2018-2030 (USD Million)
Table 61 Middle East & Africa Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 62 Middle East & Africa Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 63 UAE Macro-Economic Outlay
Table 64 UAE Margarine Market Estimates and Forecast, by Product, 2018-2030 (USD Million)
Table 65 UAE Margarine Market Estimates and Forecast, by Application, 2018-2030 (USD Million)
Table 66 Recent Developments & Impact Analysis, by Key Market Participants
Table 67 Company Market Share, 2024 (%)
Table 68 Company Heat Map Analysis, 2024
Table 69 Companies Implementing Key Strategies
List of Figures
Figure 1 Margarine Market Segmentation
Figure 2 Information Procurement
Figure 3 Primary Research Pattern
Figure 4 Primary Research Approaches
Figure 5 Primary Research Process
Figure 6 Market Snapshot
Figure 7 Segment Snapshot
Figure 8 Regional Snapshot
Figure 9 Competitive Landscape Snapshot
Figure 10 Global Parent Industry and Margarine Size (USD Million)
Figure 11 Global Margarine Size, 2018 to 2030 (USD Million)
Figure 12 Margarine Market: Penetration & Growth Prospect Mapping
Figure 13 Margarine Market: Value Chain Analysis
Figure 14 Margarine Market: Dynamics
Figure 15 Margarine Market: Porter’s Five Forces Analysis
Figure 16 Margarine Market Estimates & Forecast, by Product (USD Million)
Figure 17 Hard Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 18 Soft Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 19 Liquid Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 20 Margarine Market Estimates & Forecast, by Application (USD Million)
Figure 21 Commercial Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 22 Household Market Estimates & Forecasts, 2018-2030 (USD Million)
Figure 23 Margarine Market: Regional Outlook, 2024 & 2030 (USD Million)
Figure 24 Regional Marketplace: Key Takeaways
Figure 25 North America Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 26 U.S. Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 27 Canada Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 28 Mexico Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 29 Europe Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 30 Germany Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 31 U.K. Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 32 France Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 33 Italy Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 34 Spain Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 35 Asia Pacific Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 36 China Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 37 India Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 38 Japan Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 39 Australia & New Zealand Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 40 South Korea Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 41 Latin America Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 42 Brazil Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 43 Middle East & Africa Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 44 UAE Margarine Market Estimates & Forecast, 2018-2030 (USD Million)
Figure 45 Key Company Categorization
Figure 46 Company Market Share Analysis, 2024
Figure 47 Strategic Framework of Margarine

Companies Mentioned

The companies profiled in this Margarine market report include:
  • Unilever
  • Bunge
  • NMGK Group
  • Conagra Brands, Inc.
  • Wilmar International Ltd
  • BRF Global.
  • Yildiz Holding
  • Cargill, Incorporated.
  • Uni-President
  • Flora Food Group
  • China Mengniu Dairy Company Limited
  • Namchow (THAILAND) LTD.

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedApril 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 4.03 Billion
Forecasted Market Value ( USD ) by 2030 $ 4.64 Billion
Compound Annual Growth Rate2.4%
Regions CoveredGlobal
No. of Companies Mentioned13

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