The global market for Margarine was estimated to be worth US$ 10210 million in 2024 and is forecast to a readjusted size of US$ 9588 million by 2031 with a CAGR of -0.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Margarine cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Margarine is a substitute for butter, prepared from vegetable and animal fats by emulsifying them with water and adding small amount of milk, salt, vitamins, colouring matter, etc. For the definitions and criteria of margarine, there are distinction on the highest water content and the mixing extent of the butter and other fats depend on the different counties.
The margarine market is influenced by the growing demand for affordable and versatile spreads in both household and industrial applications. Margarine, traditionally made from vegetable oils and water, is widely used as a substitute for butter due to its lower cost and longer shelf life. It serves as an essential ingredient in baking, confectionery, and food service industries for producing pastries, cakes, and other baked goods. Consumer preference for plant-based products and trans-fat-free formulations has driven manufacturers to innovate with healthier ingredients and fortifications, aligning with global health and wellness trends.
Market growth is further supported by rising demand for vegan and dairy-free alternatives, as margarine fits well within plant-based diets. The expansion of convenience foods and bakery products also boosts consumption, particularly in emerging markets with urbanization and changing eating habits. However, challenges such as fluctuating raw material prices, particularly vegetable oils, and increasing scrutiny over additives and processing methods can impact production and pricing. Continued product innovation, such as fortified margarines with vitamins and functional ingredients, is expected to sustain the market's relevance in both retail and industrial sectors.
This report aims to provide a comprehensive presentation of the global market for Margarine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Margarine by region & country, by Type, and by Application.
The Margarine market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Margarine.
Market Segmentation
By Company
- Unilever
- Bunge
- NMGK Group
- ConAgra
- Zydus Cadila
- Wilmar-International
- Fuji Oil
- BRF
- Yildiz Holding
- Grupo Lala
- NamChow
- Sunnyfoods
- Cargill
- COFCO
- Uni-President
- Mengniu Group
- Yili Group
- Brightdairy
- Dairy Crest
Segment by Type
- Special Type
- Universal Type
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Margarine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Margarine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Margarine in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Margarine Product Introduction
- 1.2 Global Margarine Market Size Forecast
- 1.2.1 Global Margarine Sales Value (2020-2031)
- 1.2.2 Global Margarine Sales Volume (2020-2031)
- 1.2.3 Global Margarine Sales Price (2020-2031)
- 1.3 Margarine Market Trends & Drivers
- 1.3.1 Margarine Industry Trends
- 1.3.2 Margarine Market Drivers & Opportunity
- 1.3.3 Margarine Market Challenges
- 1.3.4 Margarine Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Margarine Players Revenue Ranking (2024)
- 2.2 Global Margarine Revenue by Company (2020-2025)
- 2.3 Global Margarine Players Sales Volume Ranking (2024)
- 2.4 Global Margarine Sales Volume by Company Players (2020-2025)
- 2.5 Global Margarine Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Margarine Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Margarine Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Margarine
- 2.9 Margarine Market Competitive Analysis
- 2.9.1 Margarine Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Margarine Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Margarine as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Special Type
- 3.1.2 Universal Type
- 3.2 Global Margarine Sales Value by Type
- 3.2.1 Global Margarine Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Margarine Sales Value, by Type (2020-2031)
- 3.2.3 Global Margarine Sales Value, by Type (%) (2020-2031)
- 3.3 Global Margarine Sales Volume by Type
- 3.3.1 Global Margarine Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Margarine Sales Volume, by Type (2020-2031)
- 3.3.3 Global Margarine Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Margarine Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Food Industry
- 4.1.2 Household
- 4.2 Global Margarine Sales Value by Application
- 4.2.1 Global Margarine Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Margarine Sales Value, by Application (2020-2031)
- 4.2.3 Global Margarine Sales Value, by Application (%) (2020-2031)
- 4.3 Global Margarine Sales Volume by Application
- 4.3.1 Global Margarine Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Margarine Sales Volume, by Application (2020-2031)
- 4.3.3 Global Margarine Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Margarine Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Margarine Sales Value by Region
- 5.1.1 Global Margarine Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Margarine Sales Value by Region (2020-2025)
- 5.1.3 Global Margarine Sales Value by Region (2026-2031)
- 5.1.4 Global Margarine Sales Value by Region (%), (2020-2031)
- 5.2 Global Margarine Sales Volume by Region
- 5.2.1 Global Margarine Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Margarine Sales Volume by Region (2020-2025)
- 5.2.3 Global Margarine Sales Volume by Region (2026-2031)
- 5.2.4 Global Margarine Sales Volume by Region (%), (2020-2031)
- 5.3 Global Margarine Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Margarine Sales Value, 2020-2031
- 5.4.2 North America Margarine Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Margarine Sales Value, 2020-2031
- 5.5.2 Europe Margarine Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Margarine Sales Value, 2020-2031
- 5.6.2 Asia Pacific Margarine Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Margarine Sales Value, 2020-2031
- 5.7.2 South America Margarine Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Margarine Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Margarine Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Margarine Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Margarine Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Margarine Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Margarine Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Margarine Sales Value, 2020-2031
- 6.3.2 United States Margarine Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Margarine Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Margarine Sales Value, 2020-2031
- 6.4.2 Europe Margarine Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Margarine Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Margarine Sales Value, 2020-2031
- 6.5.2 China Margarine Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Margarine Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Margarine Sales Value, 2020-2031
- 6.6.2 Japan Margarine Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Margarine Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Margarine Sales Value, 2020-2031
- 6.7.2 South Korea Margarine Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Margarine Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Margarine Sales Value, 2020-2031
- 6.8.2 Southeast Asia Margarine Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Margarine Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Margarine Sales Value, 2020-2031
- 6.9.2 India Margarine Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Margarine Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Unilever
- 7.1.1 Unilever Company Information
- 7.1.2 Unilever Introduction and Business Overview
- 7.1.3 Unilever Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Unilever Margarine Product Offerings
- 7.1.5 Unilever Recent Development
- 7.2 Bunge
- 7.2.1 Bunge Company Information
- 7.2.2 Bunge Introduction and Business Overview
- 7.2.3 Bunge Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Bunge Margarine Product Offerings
- 7.2.5 Bunge Recent Development
- 7.3 NMGK Group
- 7.3.1 NMGK Group Company Information
- 7.3.2 NMGK Group Introduction and Business Overview
- 7.3.3 NMGK Group Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 NMGK Group Margarine Product Offerings
- 7.3.5 NMGK Group Recent Development
- 7.4 ConAgra
- 7.4.1 ConAgra Company Information
- 7.4.2 ConAgra Introduction and Business Overview
- 7.4.3 ConAgra Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 ConAgra Margarine Product Offerings
- 7.4.5 ConAgra Recent Development
- 7.5 Zydus Cadila
- 7.5.1 Zydus Cadila Company Information
- 7.5.2 Zydus Cadila Introduction and Business Overview
- 7.5.3 Zydus Cadila Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Zydus Cadila Margarine Product Offerings
- 7.5.5 Zydus Cadila Recent Development
- 7.6 Wilmar-International
- 7.6.1 Wilmar-International Company Information
- 7.6.2 Wilmar-International Introduction and Business Overview
- 7.6.3 Wilmar-International Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Wilmar-International Margarine Product Offerings
- 7.6.5 Wilmar-International Recent Development
- 7.7 Fuji Oil
- 7.7.1 Fuji Oil Company Information
- 7.7.2 Fuji Oil Introduction and Business Overview
- 7.7.3 Fuji Oil Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Fuji Oil Margarine Product Offerings
- 7.7.5 Fuji Oil Recent Development
- 7.8 BRF
- 7.8.1 BRF Company Information
- 7.8.2 BRF Introduction and Business Overview
- 7.8.3 BRF Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 BRF Margarine Product Offerings
- 7.8.5 BRF Recent Development
- 7.9 Yildiz Holding
- 7.9.1 Yildiz Holding Company Information
- 7.9.2 Yildiz Holding Introduction and Business Overview
- 7.9.3 Yildiz Holding Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Yildiz Holding Margarine Product Offerings
- 7.9.5 Yildiz Holding Recent Development
- 7.10 Grupo Lala
- 7.10.1 Grupo Lala Company Information
- 7.10.2 Grupo Lala Introduction and Business Overview
- 7.10.3 Grupo Lala Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Grupo Lala Margarine Product Offerings
- 7.10.5 Grupo Lala Recent Development
- 7.11 NamChow
- 7.11.1 NamChow Company Information
- 7.11.2 NamChow Introduction and Business Overview
- 7.11.3 NamChow Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 NamChow Margarine Product Offerings
- 7.11.5 NamChow Recent Development
- 7.12 Sunnyfoods
- 7.12.1 Sunnyfoods Company Information
- 7.12.2 Sunnyfoods Introduction and Business Overview
- 7.12.3 Sunnyfoods Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Sunnyfoods Margarine Product Offerings
- 7.12.5 Sunnyfoods Recent Development
- 7.13 Cargill
- 7.13.1 Cargill Company Information
- 7.13.2 Cargill Introduction and Business Overview
- 7.13.3 Cargill Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Cargill Margarine Product Offerings
- 7.13.5 Cargill Recent Development
- 7.14 COFCO
- 7.14.1 COFCO Company Information
- 7.14.2 COFCO Introduction and Business Overview
- 7.14.3 COFCO Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 COFCO Margarine Product Offerings
- 7.14.5 COFCO Recent Development
- 7.15 Uni-President
- 7.15.1 Uni-President Company Information
- 7.15.2 Uni-President Introduction and Business Overview
- 7.15.3 Uni-President Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Uni-President Margarine Product Offerings
- 7.15.5 Uni-President Recent Development
- 7.16 Mengniu Group
- 7.16.1 Mengniu Group Company Information
- 7.16.2 Mengniu Group Introduction and Business Overview
- 7.16.3 Mengniu Group Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Mengniu Group Margarine Product Offerings
- 7.16.5 Mengniu Group Recent Development
- 7.17 Yili Group
- 7.17.1 Yili Group Company Information
- 7.17.2 Yili Group Introduction and Business Overview
- 7.17.3 Yili Group Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Yili Group Margarine Product Offerings
- 7.17.5 Yili Group Recent Development
- 7.18 Brightdairy
- 7.18.1 Brightdairy Company Information
- 7.18.2 Brightdairy Introduction and Business Overview
- 7.18.3 Brightdairy Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Brightdairy Margarine Product Offerings
- 7.18.5 Brightdairy Recent Development
- 7.19 Dairy Crest
- 7.19.1 Dairy Crest Company Information
- 7.19.2 Dairy Crest Introduction and Business Overview
- 7.19.3 Dairy Crest Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Dairy Crest Margarine Product Offerings
- 7.19.5 Dairy Crest Recent Development
8 Industry Chain Analysis
- 8.1 Margarine Industrial Chain
- 8.2 Margarine Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Margarine Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Margarine Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer