Margarine - Eastern Europe | Statista Market Forecast

Revenue in the Margarine market amounts to US$1.27bn in 2024. The market is expected to grow annually by 7.17% (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$5.34 are generated in 2024.
In the Margarine market, volume is expected to amount to 270.80m 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 1.00kg 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 Eastern Europe is experiencing minimal growth, influenced by changing consumer preferences, health concerns regarding trans fats, and the rising popularity of natural alternatives among health-conscious buyers.

Customer preferences: Consumers in Eastern Europe are increasingly prioritizing health-conscious choices, leading to a notable shift towards plant-based spreads and natural fats. This trend is fueled by a growing awareness of nutrition and the adverse effects of trans fats, prompting many to seek alternatives that align with a healthier lifestyle. Additionally, younger demographics are embracing sustainability, influencing their preference for brands that emphasize eco-friendly practices. As a result, traditional margarine consumption is declining, with a rising demand for organic and minimally processed options.

Trends in the market: In Eastern Europe, the Margarine Market is experiencing a significant shift towards health-oriented products, driven by consumer demand for plant-based spreads and natural fats. This change is largely influenced by heightened awareness of nutritional values and the negative impact of trans fats, prompting consumers to seek healthier alternatives. Additionally, younger consumers are increasingly valuing sustainability, favoring brands that adopt eco-friendly practices. Consequently, traditional margarine sales are declining, while the demand for organic and minimally processed options is on the rise, compelling industry stakeholders to adapt their product offerings and marketing strategies to align with these evolving consumer preferences.

Local special circumstances: In Eastern Europe, the Margarine Market is shaped by a unique blend of historical dietary practices and modern health trends. Many consumers still adhere to traditional cooking methods that favor butter, which influences their perceptions of margarine. Additionally, regulatory frameworks surrounding food labeling and health claims are becoming stricter, prompting brands to reformulate their products. Cultural preferences for natural ingredients drive a demand for local, artisanal brands, while economic disparities across the region lead to varied consumer purchasing power, further complicating market dynamics.

Underlying macroeconomic factors: The Margarine Market in Eastern Europe is significantly influenced by macroeconomic factors such as regional economic stability, consumer income levels, and changing dietary habits. Economic growth in certain countries enhances disposable income, allowing consumers to explore various margarine options. Conversely, inflation and economic downturns can limit spending on premium products. Regulatory policies surrounding food safety and nutrition labeling are tightening, pushing brands to innovate and meet health-conscious demands. Additionally, global trends, such as the shift toward plant-based diets, are reshaping consumer preferences, encouraging local producers to adapt and capture emerging market opportunities.

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.