Analysing the European margarine and similar edible fats market in 2024, Germany leads with a turnover of 1.41 billion euros, followed by Italy at 0.7572 billion euros. Belgium, Romania, and Spain display moderate turnovers at 0.3503, 0.1024, and 0.0809 billion euros respectively. Smaller markets include Lithuania, Iceland, and Greece, with turnovers of 0.0142, 0.0114, and 0.002 billion euros respectively. Data from 2023 shows Germany experienced an 8.03% increase, Italy a slight 0.97% rise, and Belgium saw a decline of 4.11%. Romania had a small growth of 1.55%, while Spain faced a significant decrease of 14.24%. Lithuania showed a minor decrease of 0.42%, Iceland experienced a 0.67% increase and Greece had a 3.3% rise.
Future trends to watch include potential growth in markets with slight increases or new reforms aimed at boosting the edible fats sector. Surveillance of declining markets such as Spain and Belgium is crucial to address potential challenges and opportunities for stabilization or growth.
Top countries in Margarine and Similar Edible Fats Turnover by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,410 | 2023 | +23.4% | +8.03% | View data |
| 2 | 2 Italy | 757.2 | 2023 | +1.98% | +0.97% | View data |
| 3 | 3 Belgium | 350.3 | 2023 | -2.26% | -4.11% | View data |
| 4 | 4 Romania | 102.4 | 2023 | +3.23% | +1.55% | View data |
| 5 | 5 Spain | 80.9 | 2023 | -19.66% | -14.24% | View data |
| 6 | 6 Lithuania | 14.2 | 2023 | +2.16% | -0.42% | View data |
| 7 | 7 Iceland | 11.4 | 2023 | +1.79% | +0.67% | View data |
| 8 | 8 Greece | 2 | 2023 | +5.26% | +3.3% | View data |
