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The global margarine market was valued at US$ 3.3 Billion in 2021.
We expect the global margarine market to exhibit a CAGR of 2.8% during 2022-2027.
The rising number of health-conscious and lactose intolerant individuals, along with the growing
popularity of margarine as a non-dairy alternative for butter, is primarily driving the global margarine
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
Based on the source, the global margarine market has been segmented into plant and animal. Currently,
plant holds the majority of the total market share.
Based on the form, the global margarine market can be divided into sticks, cubes, tubs, liquid, and
others. Among these, tubs currently exhibit a clear dominance in the market.
Based on the distribution channel, the global margarine market has been categorized into hypermarkets
and supermarkets, convenience stores, specialty stores, online stores, and others. Currently,
hypermarkets and supermarkets account for the majority of the global market share.
Based on the application, the global margarine market can be segregated into household, bakery,
confectionery, spreads, sauces and toppings, and others. Among these, bakery holds the largest market
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global margarine market include Bunge Limited, Conagra Brands, Inc.,
EFKO Group, NMGK Group, PURATOS, Richardson International Limited, Vandemoortele, and Wilmar
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