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Press Release:

Global Margarine Market to Grow at 2.8% During 2022-2027, Bolstered by Arrival of Clean Label Products

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Margarine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global margarine market reached a value of US$ 3.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a CAGR of 2.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global margarine market report, along with forecasts for growth at the global and regional level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Source, Form, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia, United Arab Emirates
Companies Covered Bunge Limited, Conagra Brands, Inc., EFKO Group, NMGK Group, PURATOS, Richardson International Limited, Vandemoortele and Wilmar International Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option  Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request

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$), 2016-2021
Figure 3: Global: Margarine Market: Breakup by Source (in %), 2021
Figure 4: Global: Margarine Market: Breakup by Form (in %), 2021
Figure 5: Global: Margarine Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Margarine Market: Breakup by Application (in %), 2021
Figure 7: Global: Margarine Market: Breakup by Region (in %), 2021
Figure 8: Global: Margarine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Margarine (Plant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Margarine (Plant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Margarine (Animal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Margarine (Animal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Margarine (Sticks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Margarine (Sticks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Margarine (Cubes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Margarine (Cubes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Margarine (Tubs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Margarine (Tubs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Margarine (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Margarine (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Margarine (Other Forms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Margarine (Other Forms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Margarine (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Margarine (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Margarine (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Margarine (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Margarine (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Margarine (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Margarine (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Margarine (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Margarine (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Margarine (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Margarine (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Margarine (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Margarine (Bakery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Margarine (Bakery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Margarine (Confectionery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Margarine (Confectionery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Margarine (Spreads, Sauces and Toppings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Margarine (Spreads, Sauces and Toppings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Margarine (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Margarine (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Asia Pacific: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Asia Pacific: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: China: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: China: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Japan: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Japan: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: India: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: India: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: South Korea: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: South Korea: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Australia: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Australia: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Indonesia: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Indonesia: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Turkey: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Turkey: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Saudi Arabia: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Saudi Arabia: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: United Arab Emirates: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: United Arab Emirates: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Others: Margarine Market: Sales Value (in Million US$), 2016 & 2021
Figure 98: Others: Margarine Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Margarine Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Margarine Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: Margarine Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Margarine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Margarine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Margarine Market: Competitive Structure
Table 8: Global: Margarine Market: Key Players


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Key Questions Answered in This Report

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
market.

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
margarine.

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
share.

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
International Ltd.

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