Margarine - Benelux | Statista Market Forecast

Revenue in the Margarine market amounts to US$570.90m in 2024. The market is expected to grow annually by 3.13% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$5bn in 2024).
In relation to total population figures, per person revenues of US$19.00 are generated in 2024.
In the Margarine market, volume is expected to amount to 120.00m kg by 2029. The Margarine market is expected to show a volume growth of 1.4% in 2025.0.
The average volume per person in the Margarine market is expected to amount to 3.77kg in 2024.

Definition:

Margarine is a butter substitute made from vegetable oils and contains a minimum of 80% fat. Margarine is typically less expensive and has less saturated fat than butter.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Regular margarine
Light or reduced-fat margarine
Soft margarine
Non-hydrogenated margarine
Cholesterol-free margarine
Vanaspati

Butter
Vegetable oils
Animal fats (e.g. lard)
Peanut butter
Out-of-home consumption

The Margarine Market within the Oils & Fats sector in Benelux has seen negligible growth recently, influenced by shifting consumer preferences towards healthier alternatives and rising demand for natural fats, which has limited the expansion of margarine products.

Customer preferences: In the Benelux region, consumer preferences are increasingly gravitating towards plant-based and natural fat alternatives, reflecting a broader trend towards health and sustainability. This shift is particularly pronounced among younger demographics, who prioritize clean-label products and ethical sourcing. Additionally, the rise in vegan and flexitarian diets has diminished the appeal of traditional margarine, prompting brands to innovate with healthier, more transparent offerings. Cultural nuances, such as the emphasis on local and organic foods, are further shaping the margarine market landscape.

Trends in the market: In the Benelux region, the margarine market is experiencing a significant shift towards plant-based and organic formulations, driven by consumer demand for healthier and more sustainable options. The growing popularity of vegan and flexitarian diets is reshaping product offerings, pushing brands to develop innovative margarine alternatives that emphasize transparency and clean labels. Additionally, local sourcing and ethical production practices are becoming essential for brand loyalty, particularly among younger consumers. This evolution presents both challenges and opportunities for manufacturers, who must adapt to rapidly changing preferences while navigating a competitive landscape.

Local special circumstances: In the Benelux region, the margarine market is uniquely influenced by a strong cultural preference for health-conscious diets and sustainability, reflecting the area's commitment to environmental stewardship. Local regulations promoting organic farming and plant-based products have spurred innovation among manufacturers, encouraging the development of clean-label margarine alternatives. Additionally, the proximity to diverse agricultural resources allows brands to emphasize local sourcing, fostering consumer trust. This blend of cultural values and regulatory support shapes a distinct market dynamic, driving the demand for ethical and transparent margarine solutions.

Underlying macroeconomic factors: The margarine market in the Benelux region is shaped by macroeconomic factors such as shifting consumer preferences towards health-oriented products, economic stability, and sustainable agricultural practices. The region's robust economy, characterized by low unemployment rates and higher disposable incomes, supports increased spending on premium margarine options. Furthermore, fiscal policies promoting sustainability and eco-friendly practices have encouraged investment in innovative production methods. As global trends shift towards plant-based diets, the demand for margarine alternatives is rising, aligning with consumer expectations for transparency and ethical sourcing, further driving market growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.