Margarine and Shortening Market, By Product Type, By Source, By Form, By Application, By End User, By Packaging, By Distribution Channel, By Geography

Description

Margarine and Shortening Market is estimated to be valued at USD 16.23 Bn in 2025 and is expected to reach USD 18.01 Bn by 2032, growing at a compound annual growth rate (CAGR) of 1.5% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 16.23 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	1.50%	2032 Value Projection:	USD 18.01 Bn

Margarine is a spread used for flavoring, baking, and cooking. It is most often used as a substitute for butter. Margarine is typically made by combining water and vegetable oils, such as soybean, corn, palm, canola, or olive oils. Ingredients like salt, colorings, and natural or artificial flavorings are sometimes added as well. Like other fats, margarine helps to improve the mouth feel and flavor in baked goods. Shortening is used to make crumbly pastry and other food products. It is used in baking to make products crumbly, flaky and tender. Shortening's job is to make doughs short. Thus, there is an increasing demand for margarine and shortening worldwide.

Market Dynamics:

Increasing demand for margarine and shortening, increasing demand or consumption of processed food products, increasing number bakeries, and rapid growth of the food and beverage industry are expected to propel the growth of the global margarine and shortening market.

For insistence, in March 2022, Adeka Corporation planned to launch Deli-PLANTS brand of new Plant-Based Foods that focuses on deliciousness and ease of use on the professional use markets. ADEKA launched the first four delicious products in this brand (highly concentrated oat milk, cheese cream, whipped cream, and margarine) to overturn the conventional wisdom about Plant-Based Foods (hereinafter 'PBF') in sequence.

2020Bunge Loders Croklaan (BLC) has officially unveiled its first shea processing plant in Africa, pegged as the largest of its kind on the continent. Located in Tema, Ghana, the new facility is a fully automated solvent fractionation plant that processes raw shea butter made from locally collected and crushed shea nuts.

Key features of the study:

This report provides in-depth analysis of the global margarine and shortening market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global margarine and shortening market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Vandemoortele, Kerry Group, Puratos Group, NMGK Group, AAK AB, Fuji Oil Co., Ltd., Cargill Incorporated, Upfield Holdings BV, Bunge Limited, Conagra Brands, Unilever, Wilmar International Ltd., Dairy Farmers of America, Richardson International Limited, and Archer Daniels Midland Company (ADM), among others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global margarine and shortening market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global margarine and shortening market

Detailed Segmentation:

By Product Type:
- Margarine
- Shortening
By Source:
- Plant-based
- Animal-based
By Form:
- Solid
- Liquid
By Application:
- Baking and Pastry
- Cooking and Frying
- Spreads and Toppings
- Industrial
By End User:
- Retail
- Food Service
- Industrial
By Packaging:
- Tubs
- Sticks
- Bulk/Industrial Packaging
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Foodservice Distributors
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Vandemoortele
- Kerry Group
- Puratos Group
- NMGK Group
- AAK AB
- Fuji Oil Co., Ltd.
- Cargill Incorporated
- Upfield Holdings BV
- Bunge Limited
- Conagra Brands
- Unilever
- Wilmar International Ltd.
- Dairy Farmers of America
- Richardson International Limited
- Archer Daniels Midland Company (ADM)

Product Code: CMI5843

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Source
- Market Snippet, By Form
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Packaging
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing demand for margarine and shortening
- Growing consumption of functional meals and drinks
- Increasing consumption of processed food products
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Margarine and Shortening Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Margarine and Shortening Market, By Product Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Margarine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Shortening
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

6. Global Margarine and Shortening Market, By Source, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Plant-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Animal-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

7. Global Margarine and Shortening Market, By Form, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Solid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

8. Global Margarine and Shortening Market, By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Baking and Pastry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Cooking and Frying
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Spreads and Toppings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

9. Global Margarine and Shortening Market, By End User, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Food Service
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

10. Global Margarine and Shortening Market, By Packaging, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Tubs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Sticks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Bulk/Industrial Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

11. Global Margarine and Shortening Market, By Distribution Channel, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Convenience Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Online Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Foodservice Distributors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

12. Global Margarine and Shortening Market, By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Packaging, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - U.S.
  - Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Packaging, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - Germany
  - U.K
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,( US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Packaging, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Packaging, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Packaging, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020-2032,(US$ Bn)
  - GCC Countries
  - Israel
  - South Africa
  - North Africa
  - Central Africa
  - Rest of Middle East

13. Competitive Landscape

Vandemoortele
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kerry Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Puratos Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
NMGK Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AAK AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fuji Oil Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cargill Incorporated
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Upfield Holdings BV
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bunge Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Conagra Brands
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Unilever
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Wilmar International Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dairy Farmers of America
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Richardson International Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Archer Daniels Midland Company (ADM)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analyst Views

14. Section

Research Methodology
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