Margarine - Estonia | Statista Market Forecast

Revenue in the Margarine market amounts to US$26.18m in 2024. The market is expected to grow annually by 3.43% (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$19.85 are generated in 2024.
In the Margarine market, volume is expected to amount to 5.29m kg by 2029. The Margarine market is expected to show a volume growth of 0.2% in 2025.0.
The average volume per person in the Margarine market is expected to amount to 3.86kg 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 Estonia has been experiencing negligible growth, influenced by factors such as shifting consumer preferences towards healthier alternatives and the increasing popularity of natural fats over processed products.

Customer preferences: Consumers in Estonia are increasingly prioritizing health and wellness, leading to a notable shift away from traditional margarine towards naturally derived fats like olive oil and avocado. This trend is influenced by a growing awareness of nutrition and the desire for clean-label products, particularly among younger demographics. Additionally, the rise in plant-based diets and cooking from scratch is reshaping preferences, encouraging a movement towards authentic, minimally processed ingredients that align with both personal health goals and sustainability values.

Trends in the market: In Estonia, the margarine market is experiencing a significant shift as consumers increasingly favor healthier alternatives, steering away from traditional margarine towards naturally derived fats such as olive oil and avocado. This transition is driven by heightened health consciousness and a preference for clean-label products, particularly among younger consumers. The rising popularity of plant-based diets and home cooking further encourages the use of authentic, minimally processed ingredients. These trends are crucial for industry stakeholders, prompting them to innovate and adapt product offerings to meet evolving consumer preferences while aligning with sustainability values.

Local special circumstances: In Estonia, the margarine market is shaped by a unique blend of cultural preferences and local dietary habits, leading to a distinct shift towards healthier options. Traditional Estonian cuisine emphasizes natural ingredients, fostering a growing demand for products infused with local flavors and health benefits. Additionally, stringent EU regulations on food labeling and health claims compel manufacturers to prioritize transparency and quality. The Baltic region’s focus on sustainability further enhances consumer interest in eco-friendly packaging and ethically sourced ingredients, driving innovation in the oils and fats sector.

Underlying macroeconomic factors: The Estonian margarine market is significantly influenced by macroeconomic factors such as national economic stability, consumer purchasing power, and global commodity prices. Estonia's robust economic growth and relatively low unemployment rates have bolstered consumer confidence, leading to increased demand for premium margarine products that align with health trends. Additionally, fluctuations in vegetable oil prices on the global market directly impact production costs for margarine manufacturers. Fiscal policies promoting local agriculture and sustainability initiatives further encourage innovation within the oils and fats sector, allowing companies to adapt to changing consumer preferences for healthier and environmentally friendly 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.