In 2023, Germany led the European margarine and similar edible fats market with a significant turnover of 49.1 million euros, showing a growth of 8.03% year-on-year. Italy followed with 26.3 million euros, experiencing a slight increase of 0.97%. Belgium saw a decline of 4.11%, settling at 12.17 million euros. Romania also showed positive growth of 1.55% at 3.56 million euros, while Spain's turnover decreased by 14.24%, reaching 2.81 million euros. Lithuania and Iceland registered minor changes, with decreases of 0.42% and increases of 0.67% respectively, while Greece saw growth at 3.3%, bringing its turnover to 0.069 million euros.
Looking ahead, sustainability and health trends will likely shape the market dynamics. As consumers increasingly prioritize healthier options, producers may shift towards producing more plant-based and fortified margarine products. Economic recovery and inflation rates will play a crucial role in influencing consumer purchasing power and market growth across Europe.
Top countries in Margarine and Similar Edible Fats Turnover Share by Country (Million Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.1 | 2023 | +23.4% | +8.03% | View data |
| 2 | 2 Italy | 26.3 | 2023 | +1.98% | +0.97% | View data |
| 3 | 3 Belgium | 12.17 | 2023 | -2.26% | -4.11% | View data |
| 4 | 4 Romania | 3.56 | 2023 | +3.23% | +1.55% | View data |
| 5 | 5 Spain | 2.81 | 2023 | -19.66% | -14.24% | View data |
| 6 | 6 Lithuania | 0.49 | 2023 | +2.16% | -0.42% | View data |
| 7 | 7 Iceland | 0.4 | 2023 | +1.79% | +0.67% | View data |
| 8 | 8 Greece | 0.069 | 2023 | +5.26% | +3.3% | View data |
