Margarine - Kazakhstan | Statista Market Forecast

Revenue in the Margarine market amounts to US$240.40m in 2024. The market is expected to grow annually by 6.49% (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$12.13 are generated in 2024.
In the Margarine market, volume is expected to amount to 59.49m kg by 2029. The Margarine market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Margarine market is expected to amount to 2.72kg 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 Kazakhstan is experiencing minimal growth, influenced by factors such as changing consumer preferences towards healthier alternatives and competition from natural spreads, impacting overall market dynamics.

Customer preferences: Consumers in Kazakhstan are increasingly gravitating towards healthier dietary options, resulting in a notable decline in margarine consumption as they opt for natural spreads rich in nutrients. This shift is particularly pronounced among younger demographics who prioritize clean-label products and sustainability. Additionally, the rise of health-conscious lifestyles, influenced by social media and wellness trends, is driving demand for plant-based alternatives. As a result, manufacturers are adapting their offerings to align with these evolving preferences, emphasizing natural ingredients and transparency in sourcing.

Trends in the market: In Kazakhstan, the margarine market is experiencing a significant decline as consumers increasingly favor natural and nutrient-rich spreads. This trend is particularly evident among younger populations who prioritize clean-label products and sustainability, reflecting a broader shift towards health-conscious eating habits. The influence of social media and wellness trends is propelling the demand for plant-based alternatives, prompting manufacturers to reformulate their products. Industry stakeholders must adapt to these evolving consumer preferences by emphasizing transparency in sourcing and natural ingredients, which may reshape market dynamics and competitive strategies.

Local special circumstances: In Kazakhstan, the margarine market faces unique challenges driven by cultural preferences for traditional cooking methods and local culinary practices that favor natural fats. The country’s rich dairy heritage influences consumer attitudes, leading to a preference for butter and other natural spreads over margarine. Additionally, regulatory frameworks surrounding food labeling and health claims are evolving, compelling manufacturers to adapt and innovate. The emphasis on natural ingredients aligns with a growing national movement toward healthier eating, ultimately reshaping market offerings and competitive strategies.

Underlying macroeconomic factors: The margarine market in Kazakhstan is significantly influenced by macroeconomic factors such as national economic health, consumer purchasing power, and global commodity prices. As the economy fluctuates, disposable income levels directly affect consumer choices between margarine and traditional fats like butter. Additionally, global trends in health consciousness and sustainability are reshaping consumer preferences, prompting local producers to innovate and adapt. Regulatory changes regarding food safety and labeling further compel manufacturers to align with international standards, while fiscal policies supporting agriculture can impact local margarine production and pricing strategies, ultimately shaping market dynamics.

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.