Margarine - EAEU | Statista Market Forecast

Revenue in the Margarine market amounts to US$1.04bn in 2024. The market is expected to grow annually by 7.09% (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$5.67 are generated in 2024.
In the Margarine market, volume is expected to amount to 220.40m kg by 2029. The Margarine market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Margarine market is expected to amount to 1.08kg 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 the EAEU is witnessing minimal growth, influenced by factors such as shifting consumer preferences towards healthier options, competition from butter alternatives, and economic fluctuations affecting purchasing power.

Customer preferences: Consumers in the EAEU are increasingly gravitating towards plant-based and health-conscious food options, impacting the margarine market significantly. This shift is driven by a growing awareness of dietary health, particularly among younger demographics who prioritize sustainable and nutritious alternatives. Additionally, cultural influences promoting traditional cooking methods are fueling interest in authentic butter products, while lifestyle changes, such as increased home cooking, encourage exploration of diverse spreads. These trends reflect a complex interplay between health consciousness and cultural identity, shaping the future of the margarine sector.

Trends in the market: In the EAEU, the margarine market is experiencing a notable shift towards plant-based formulations, driven by heightened health awareness and a preference for sustainable food options. Consumers, particularly younger generations, are increasingly opting for margarine products that align with their health-conscious lifestyles. Meanwhile, traditional cooking practices are fostering a renewed interest in authentic butter alternatives. This dual trend of health awareness and cultural appreciation is reshaping product development and marketing strategies, urging industry stakeholders to innovate while catering to evolving consumer preferences, ultimately influencing market dynamics and competitive positioning.

Local special circumstances: In the EAEU, the margarine market is uniquely influenced by its diverse culinary traditions and regulatory frameworks promoting food safety and labeling transparency. Regional preferences, such as the use of margarine in traditional pastries, drive demand for specific formulations. Moreover, stringent regulations on food additives and health claims encourage manufacturers to innovate with cleaner ingredient lists. Additionally, the cultural shift towards plant-based diets is supported by local sustainability initiatives, further shaping product offerings and marketing strategies tailored to regional consumer values.

Underlying macroeconomic factors: The margarine market in the EAEU is shaped by macroeconomic factors such as global commodity prices, trade agreements, and fluctuating currency values. Rising global demand for oils and fats influences local pricing strategies, while trade agreements within the EAEU facilitate cross-border commerce, enhancing market accessibility. National economic health, characterized by GDP growth and consumer spending patterns, directly impacts purchasing power and demand for margarine products. Furthermore, fiscal policies aimed at supporting local agriculture and food production bolster domestic supply chains, while consumers increasingly prioritize health-conscious and sustainable options, compelling manufacturers to adapt their offerings accordingly.

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.