Margarine - Burundi | Statista Market Forecast

Revenue in the Margarine market amounts to US$27.38m in 2024. The market is expected to grow annually by 14.34% (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$2.01 are generated in 2024.
In the Margarine market, volume is expected to amount to 7.07m kg by 2029. The Margarine market is expected to show a volume growth of 9.5% in 2025.0.
The average volume per person in the Margarine market is expected to amount to 0.35kg 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 in Burundi is experiencing subdued growth, influenced by factors such as fluctuating raw material prices, changing consumer preferences toward healthier options, and competition from butter and other spreads. These elements are shaping market dynamics.

Customer preferences: In Burundi, there is a notable shift towards healthier dietary choices, prompting consumers to seek out margarine options that boast lower trans fats and natural ingredients. This trend is particularly influenced by the growing awareness of health issues linked to traditional fats. Additionally, younger demographics are increasingly favoring plant-based spreads, reflecting a broader global movement toward vegetarian and vegan lifestyles. Cultural shifts towards convenience also see more consumers opting for ready-to-use spreads that align with busy lifestyles, further reshaping the margarine market landscape.

Trends in the market: In Burundi, the margarine market is experiencing a significant transformation as consumers increasingly prioritize healthier options, leading to a surge in demand for products with lower trans fats and natural ingredients. This shift is driven by rising health consciousness and the recognition of the negative health impacts associated with traditional fats. Concurrently, younger consumers are gravitating towards plant-based spreads, aligning with global trends promoting vegetarian and vegan diets. Moreover, the convenience factor is reshaping purchasing behavior, with more individuals opting for ready-to-use spreads that cater to their fast-paced lifestyles, highlighting the need for industry stakeholders to innovate and adapt to these evolving consumer preferences.

Local special circumstances: In Burundi, the margarine market is shaped by a rich cultural preference for traditional cooking oils, which often leads to resistance against processed alternatives. However, urbanization is fostering a shift toward convenience, as busy city dwellers seek ready-to-use products. Additionally, local agricultural practices influence the availability of raw materials, with a push for sustainable sourcing becoming increasingly relevant. Regulatory initiatives aimed at improving food safety and labeling transparency are also driving change, encouraging manufacturers to innovate and align with consumer demands for healthier, natural ingredients.

Underlying macroeconomic factors: The margarine market in Burundi is significantly influenced by macroeconomic factors such as national economic stability, inflation rates, and consumer purchasing power. Economic growth has led to increased disposable incomes, prompting a gradual shift toward processed food products like margarine. However, high inflation can erode purchasing power, causing consumers to revert to traditional cooking oils. Additionally, fiscal policies supporting agriculture and food production can enhance local sourcing of raw materials, while global commodity price fluctuations impact production costs. Regulatory frameworks focusing on food safety and health standards further shape market dynamics, encouraging innovation and adaptation to meet evolving consumer preferences for healthier options.

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.