Global Margarine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Margarine Market is segmented by Product Type (Traditional margarine, Liquid margarine, and Others), Usage (Spreadable and Non-spreadable), Distribution Channel (Retail, Food Sector, and Industrial), and Geography.

Market Snapshot

margarine-market_Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: South America
Largest Market: Europe
CAGR: 2.86 %

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Market Overview

The global margarine market is projected to grow at a CAGR of 2.86% during the forecast period (2020 - 2025).

  • The market for margarine is being driven by the product’s cost-effectiveness. It is a low-cost alternative to butter and other fat-soluble spreads. The use of industrial margarine reduces the cost of end products. In the bakery industry, margarine is widely used as an ingredient in products, such as pastries, doughnuts, and cookies, thus, the bakery sector holds a significant role in the application of industrial margarine.
  • As consumers across the world are demanding clean labels and sustainable products, the manufacturers are under the pressure of developing suitable solutions to cater to the market and satisfy consumer needs. The newly developed margarine products with non-GMO, allergen-free, and other beneficial claims are therefore anticipated to drive the market of margarine in the near future

Scope of the Report

The global margarine market can be broadly segmented into four major segments that include product type, usage, distribution channel, and geography. By the product type, margarine can be classified into traditional margarine, liquid margarine, and others. By usage, the market is segmented into spreadable and non-spreadable margarine. By distribution channel, the market is segmented into the retail, food sector, and industrial. Moreover, the study provides an analysis of the margarine market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, Middle East & Africa.

By Product type
Traditional margarine
Liquid margarine
Others
By Usage
Spreadable
Non-spreadable
By Distribution Channel
Retail
Food Service
Industrial
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Increasing Application in Bakery Industry

Bakery products are an item of mass consumption in view of their low price and high nutrient value. With the rapid growth and changing eating habits of people, bakery products have gained popularity among the masses. This has resulted in an emergence of a large number of small-scale bakeries, and artisanal bakeries across the globe. The industrial margarine is often neutral or mildly flavored so that its regular taste does not overshadow the flavor of the product. Margarine also helps to add volume, texture, and grain to the bakery products and is thus considered by the industries for providing ideal properties to the products. While butter is high in saturated fat, margarine is rich in unsaturated fat and sometimes trans fat. The health effects of saturated fat are highly controversial while those of trans fats are no less. Therefore, many bakers are opting for trans-fat-free margarine brands and select products made with healthy oils, such as olive oil to obtain the best baking results, which is anticipated to promote market growth in the near future.

Margarine Market 1

Europe holds the Largest Share in Margarine Market

The global margarine market is dominated by Europe, which holds the largest market share. It is followed by North America, Asia-Pacific, South America, and Africa. Europe is the largest consumer of margarine, especially due to the high consumption in food processing. Furthermore, Germany and France are the largest consumers in Europe. North America is the second-largest consumer of margarine. Developing regions, such as Asia-Pacific and South America, are constantly growing at a high rate of consumption. China and India are the largest producers and consumers of margarine, in the Asia-Pacific region.

global margarine market

Competitive Landscape

Major players in the market have a broad geographical presence and an extensive product portfolio, to cater to numerous foodservice operators, retail, and industrial demands. This factor assists the company to maintain a strong foothold in the market. The major players in the global margarine market include Bunge, BRF SA, Upfield BV, Richardson International Limited, and Fuji Oil Co. Ltd amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product type

      1. 5.1.1 Traditional margarine

      2. 5.1.2 Liquid margarine

      3. 5.1.3 Others

    2. 5.2 By Usage

      1. 5.2.1 Spreadable

      2. 5.2.2 Non-spreadable

    3. 5.3 By Distribution Channel

      1. 5.3.1 Retail

      2. 5.3.2 Food Service

      3. 5.3.3 Industrial

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Associated British Foods

      2. 6.4.2 Conagra Brands Inc.

      3. 6.4.3 Fuji Oil Co. Ltd

      4. 6.4.4 Bunge Limited

      5. 6.4.5 Wilmar International

      6. 6.4.6 Upfield BV

      7. 6.4.7 Puratos NV

      8. 6.4.8 BRF SA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Margarine Market market is studied from 2016 - 2026.

The Margarine Market is growing at a CAGR of 2.86% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Bunge Limited, Conagra Brands, Inc, BRF SA, Upfield BV, Fuji Oil Co. Ltd are the major companies operating in Margarine Market.

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