Margarine Market Report 2023 | Demand, Trends, Industry Growth And Analysis 2028

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 2.6% during 2023-2028.

IMARC Group, a leading market research company, has released a report titled “Margarine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, 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 2.6% during 2023-2028.

Margarine refers to a non-dairy substitute for butter with a similar taste, appearance, consistency, and nutritional value. It is manufactured by blending various refined vegetable oils, including canola, corn, soybean, palm, etc. Margarine acts as an excellent source of essential fat-soluble nutrients that help in minimizing the risk of cardiovascular diseases and maintaining lower blood cholesterol levels. It is widely available in several forms, such as sticks, liquid, blocks, cubes, tubs, sprays, etc. Consequently, margarine is extensively used across bakeries, confectioneries, and household cooking.

Get a PDF Sample for more detailed market insights:

Margarine Market Trends and Drivers:

The increasing prevalence of lactose-intolerance disorders and the rising consumer health concerns towards the harmful impact of saturated fats have led to a notable shift from butter towards margarine. Additionally, the changing consumer dietary patterns, rising awareness about the dairy-free content of margarine, and the growing vegan population are also propelling the global margarine market. Besides this, the expanding bakery sector is further increasing the usage of margarine as an essential ingredient for adding texture and volume to baked items. Furthermore, the growing consumer consciousness towards clean-label and sustainable products has led to the emergence of allergen-free, non-GMO, and naturally sourced margarine. Several manufacturers are producing organic and low-calorie variants of margarine made up of healthier vegetable oils, such as palm oil, olive oil, corn oil, etc., which is expected to further drive the market growth in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Bunge Limited
  • Conagra Foodservice Inc.
  • EFKO Group
  • NMGK Group
  • Richardson International Limited
  • Vandemoortele
  • Wilmar International Ltd.

Explore full report with table of contents:

The report has segmented the market on the basis of Product Type, End-User and Region.

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
  • Confectionary
  • Spreads, Sauces and Toppings
  • Others

Breakup by Region:

  • 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

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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US



USA: +1-631-791-1145 | Asia: +91-120-433-0800

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

Follow us on Twitter: @imarcglobal

Abhay Rajput

70 Blog posts