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Market Research Report
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1092045

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

Published: | IMARC Services Private Limited | 145 Pages | Delivery time: 2-3 business days

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Margarine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: June 13, 2022
IMARC Services Private Limited
Content info: 145 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

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, along with forecasts at the global, regional and country 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.

Key Questions Answered in This Report:

  • How has the global margarine market performed so far and how will it perform in the coming years?
  • What is the impact of COVID-19 on the global margarine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the form?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global margarine market and who are the key players?
  • What is the degree of competition in the market?
Product Code: SR0622A172_Report

Table of Contents

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