Margarine and Shortening Market

Margarine and shortening market: download the latest data powered by an Ai-driven market research tool. Information cover market size, exports, companies, production, market prices, imports, consumption, and trade. Here is a breakdown by country, including the Middle East, EU, China, the U.K., Africa, Latin America, the U.S., and Russia. Market trends and outlook to 2030 are also featured in the snapshots.

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Margarine and Shortening - World's Largest Markets

In value terms, the United States led the market, alone. The second position in the ranking was occupied by India. It was followed by Pakistan.

In the United States, the margarine and shortening market expanded at an average annual rate of +23.9% over the period from 2018-2020. In the other countries, the average annual rates were as follows: India (+8.1% per year) and Pakistan (-7.6% per year).

Margarine And Shortening Prices

Margarine and Shortening - Top Importers

In value terms, the largest margarine and shortening importing markets worldwide were China ($477M), Germany ($317M) and France ($309M), with a combined 21% share of global imports. These countries were followed by the Netherlands, the UK, the United States, Chile, Poland, Canada, Ireland, Brazil, Kazakhstan and Hungary, which together accounted for a further 27%.

Among the main importing countries, Kazakhstan saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Margarine and Shortening - Top Exporters

In value terms, Indonesia ($862M), the Netherlands ($697M) and Belgium ($509M) constituted the countries with the highest levels of exports in 2020, with a combined 36% share of global exports. Germany, the United States, Sweden, Malaysia, Russia, Poland, Spain, Turkey, Argentina and Canada lagged somewhat behind, together accounting for a further 40%.

In terms of the main exporting countries, Argentina saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Margarine and Shortening - Market Forecast

Driven by increasing demand for margarine and shortening worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Margarine and Shortening - Top Companies

Bunge Alimentos S/A, GOLDEN AGRI-RESOURCES LTD, KANEKA CORPORATION, KUALA LUMPUR KEPONG BERHAD, Bunge Deutschland GmbH, GRAINCORP OILS HOLDINGS PTY LTD, GRAINCORP FOODS AUSTRALIA PTY LTD, ADANI WILMAR LIMITED, SAIPOL, Cargill NV, NISSHIN OILLIO GROUP, LTD., THE, RUCHI SOYA INDUSTRIES LIMITED, SINAR MAS AGRO RESOURCES AND TECHNOLOGY, PT TBK, Ventura Foods, LLC, CARGILL FRANCE, EPKO OIL SEED CRUSHING (PTY) LTD, BUNGE IBERICA SA, PERKEBUNAN NUSANTARA XIII, PT, J-OIL MILLS, INC., BUNGE INDIA PRIVATE LIMITED

Margarine and Shortening - Product Coverage

• HS 151710 - Margarine; excluding liquid margarine
• HS 151790 - Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516

Source: IndexBox Market Intelligence Platform