Market Insights Consumer Food Oils & Fats

Margarine - Spain

Spain

Revenue in the Margarine market amounts to €114.40m in 2024. The market is expected to grow annually by 3.21% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€4,377m in 2024).
In relation to total population figures, per person revenues of €2.41 are generated in 2024.
In the Margarine market, volume is expected to amount to 23.96m kg by 2029. The Margarine market is expected to show a volume growth of 1.4% in 2025.
The average volume per person in the Margarine market is expected to amount to 0.48kg in 2024.

Key regions: Philippines, China, United States, South Korea, India

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Analyst Opinion

The Margarine Market within the Oils & Fats sector in Spain has seen negligible growth, influenced by shifting consumer preferences towards healthier alternatives and the rising popularity of butter, which affects demand and market dynamics.

Customer preferences: Consumers in Spain are gravitating towards natural and organic food products, resulting in a decline in the popularity of margarine as they favor butter and other traditional fats perceived as healthier options. This trend is reinforced by a growing awareness of nutritional labels and ingredients, with younger demographics particularly influenced by social media promoting clean eating. Additionally, the rise of plant-based diets has led to an increase in demand for alternatives like avocado oil and nut butters, further reshaping the oils and fats landscape.

Trends in the market: In Spain, the margarine market is experiencing a decline as consumers increasingly favor natural and organic food products, leading to a resurgence in the popularity of butter and traditional fats perceived as healthier. This shift is significantly influenced by heightened awareness of nutritional labels, particularly among younger demographics who are engaged with social media promoting clean eating. Furthermore, the rise of plant-based diets is propelling demand for alternatives like avocado oil and nut butters, prompting industry stakeholders to innovate and adapt their product offerings to align with these evolving consumer preferences.

Local special circumstances: In Spain, the margarine market is influenced by the Mediterranean diet, which emphasizes natural fats and fresh ingredients, causing a decline in margarine consumption. The cultural preference for traditional cooking methods and artisanal products enhances the appeal of butter and olive oil, seen as healthier choices. Additionally, Spain's stringent food regulations and labeling requirements promote transparency, prompting consumers to scrutinize ingredients. This regulatory environment, coupled with a growing trend towards sustainability, is pushing brands to reformulate products, thereby reshaping the market landscape.

Underlying macroeconomic factors: The margarine market in Spain is notably shaped by macroeconomic factors such as consumer spending power, economic stability, and demographic trends. As the economy recovers post-pandemic, disposable income levels are gradually rising, enabling consumers to opt for premium products, including artisanal butters and healthier oils. Additionally, inflationary pressures and fluctuating raw material costs are impacting pricing strategies within the margarine sector. Regulatory frameworks promoting healthy eating are steering manufacturers towards reformulation, while sustainability concerns are encouraging investments in eco-friendly production methods. Together, these factors are redefining consumer preferences and market dynamics.

Methodology

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.