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

November 2023 | 140 pages | ID: M55402A4A12FEN
IMARC Group

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The global margarine market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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?
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 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

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


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