Margarine Market Size to Hit US$ 4.6 Billion by 2032 | Grow CAGR by 2.9%

IMARC Group's report titled "𝗠𝗮𝗿𝗴𝗮𝗿𝗶𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗯𝘆 𝗦𝗼𝘂𝗿𝗰𝗲 (𝗣𝗹𝗮𝗻𝘁, 𝗔𝗻𝗶𝗺𝗮𝗹), 𝗙𝗼𝗿𝗺 (𝗦𝘁𝗶𝗰𝗸𝘀, 𝗖𝘂𝗯𝗲𝘀, 𝗧𝘂𝗯𝘀, 𝗟𝗶𝗾𝘂𝗶𝗱, 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀), 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 (𝗛𝘆𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗻𝗱 𝗦𝘂𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀, 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲 𝗦𝘁𝗼𝗿𝗲𝘀, 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝘁𝘆 𝗦𝘁𝗼𝗿𝗲𝘀, 𝗢𝗻𝗹𝗶𝗻𝗲 𝗦𝘁𝗼𝗿𝗲𝘀, 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀) 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗛𝗼𝘂𝘀𝗲𝗵𝗼𝗹𝗱, 𝗕𝗮𝗸𝗲𝗿𝘆, 𝗖𝗼𝗻𝗳𝗲𝗰𝘁𝗶𝗼𝗻𝗲𝗿𝘆, 𝗦𝗽𝗿𝗲𝗮𝗱𝘀, 𝗦𝗮𝘂𝗰𝗲𝘀 𝗮𝗻𝗱 𝗧𝗼𝗽𝗽𝗶𝗻𝗴𝘀, 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀), 𝗮𝗻𝗱 𝗥𝗲𝗴𝗶𝗼𝗻 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟮". The global margarine market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.

𝗙𝗼𝗿 𝗮𝗻 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗿𝗲𝗳𝗲𝗿 𝘀𝗮𝗺𝗽𝗹𝗲 𝗰𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/margarine-market/requestsample

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗔𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗮𝗿𝗴𝗮𝗿𝗶𝗻𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

𝗛𝗲𝗮𝗹𝘁𝗵 𝗮𝗻𝗱 𝗪𝗲𝗹𝗹𝗻𝗲𝘀𝘀 𝗧𝗿𝗲𝗻𝗱𝘀:

Individuals are becoming more health-conscious and seeking alternatives to butter and other high-fat spreads, thereby driving the demand for margarine, which is often marketed as a healthier choice due to its lower saturated fat content. This shift is supported by the growing research activities supporting the adoption of diets that are rich in unsaturated fats to lower the risk of heart diseases. Additionally, the introduction of margarine products enriched with essential fatty acids, vitamins, and plant sterols further aligns with the nutritional priorities of modern consumers, making it a preferred choice for those aiming to keep a balanced diet without compromising on taste or texture.

𝗩𝗲𝗴𝗮𝗻𝗶𝘀𝗺 𝗮𝗻𝗱 𝗣𝗹𝗮𝗻𝘁-𝗯𝗮𝘀𝗲𝗱 𝗗𝗶𝗲𝘁𝘀:

Margarine is predominantly made from vegetable oils and caters perfectly to the dietary requirements of vegans and vegetarians, unlike butter, which is an animal product. This compatibility is encouraging the adoption of margarine in household cooking and baking, as well as in the food service industry, where there is a continuous search for versatile, plant-based ingredients. The rise of ethical and environmental concerns among consumers is catalyzing the demand for sustainable and vegan products, positioning margarine as an ideal choice for environmentally conscious individuals looking to lower their carbon footprint and support animal welfare through their dietary choices.

𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗙𝗹𝗮𝘃𝗼𝗿 𝗩𝗮𝗿𝗶𝗲𝘁𝗶𝗲𝘀:

Manufacturers are continuously innovating to improve the taste, texture, and health benefits of margarine, making it an attractive option for consumers seeking diversity in their diets. This includes the development of margarine variants that mimic the flavor and culinary properties of traditional butter, catering to the gourmet food segment. Furthermore, the introduction of margarine products that incorporate a variety of flavors and ingredients, such as herbs, spices, and garlic, appeals to consumers looking for convenient and flavorful cooking options. This continuous innovation not only enhances the consumer experience but also broadens the application of margarine in different culinary traditions.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗴𝗮𝗿𝗶𝗻𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

Bunge Limited
Conagra Brands, Inc.
EFKO Group
NMGK Group
PURATOS
Richardson International Limited
Vandemoortele
Wilmar International Ltd.

Explore the full report with table of contents: https://www.imarcgroup.com/margarine-market

𝗠𝗮𝗿𝗴𝗮𝗿𝗶𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗕𝘆 𝗦𝗼𝘂𝗿𝗰𝗲:

Plant
Animal

Plant exhibits a clear dominance in the market driven by the increasing consumer preference for vegan and environment-friendly options.

𝗕𝘆 𝗙𝗼𝗿𝗺:

Sticks
Cubes
Tubs
Liquid
Others

Tubs represent the largest segment attributed to their convenience for portion control.

𝗕𝘆 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹:

Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

Hypermarkets and supermarkets hold the biggest market share owing to the wide variety of brands and types available, catering to diverse consumer preferences.

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:

Household
Bakery
Confectionery
Spreads, Sauces and Toppings
Others

Bakery accounts for the majority of the market share, as margarine is widely used as a cost-effective and versatile butter substitute in various baked goods.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

North America dominates the market due to the growing consumer awareness, advanced retail infrastructure, and the presence of key players in the region.

𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗴𝗮𝗿𝗶𝗻𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

The growing incorporation of organic and non-genetically modified organism (GMO) ingredients in the production of margarine, due to a rising preference for clean labels and natural food products, is offering a favorable market outlook. This trend reflects a broader awareness and concern over the health implications and environmental impact of GMOs and the chemicals used in conventional agriculture. Manufacturers are consequently highlighting the use of organic vegetable oils and natural additives in their margarine products. This move not only caters to the health-conscious consumer but also aligns with the rising ethos of environmental sustainability and ethical consumption, further enhancing the appeal of margarine as a wholesome butter alternative.

𝗡𝗼𝘁𝗲: 𝗜𝗳 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝘁𝗹𝘆 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲 𝘀𝗰𝗼𝗽𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁, 𝘄𝗲 𝘄𝗶𝗹𝗹 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗶𝘁 𝘁𝗼 𝘆𝗼𝘂 𝗮𝘀 𝗮 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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