In 2023, Germany led the European margarine and low-fat spreads market with a volume of 250.94 million kilograms. Italy and France followed with 107.24 and 100.99 million kilograms, respectively. Notably, countries like Germany and France witnessed volume declines of over 4% compared to 2022, highlighting a regional trend of decreasing consumption observed in major markets. Finland was an outlier, showing slight growth. Over the past five years, there has been an overall sluggish growth reflected by a negative CAGR across most countries.
Looking ahead, industry players should monitor shifts towards healthier and plant-based spreads, which could rejuvenate market demand. The growing emphasis on health and wellness among consumers presents opportunities for innovation and growth in low-fat and plant-based product segments, specifically in Western Europe.
Top countries in Margarine and Low Fat Spreads Market Size Volume by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 250,940,000 | 2023 | -4.85% | -4.17% | View data |
| 2 | 2 Italy | 107,240,000 | 2023 | -1.56% | -1.65% | View data |
| 3 | 3 France | 100,990,000 | 2023 | -4.79% | -4.28% | View data |
| 4 | 4 Netherlands | 78,031,000 | 2023 | -4.18% | -3.67% | View data |
| 5 | 5 Belgium | 54,993,000 | 2023 | -2.09% | -1.03% | View data |
| 6 | 6 Hungary | 48,845,000 | 2023 | -0.1% | -0.8% | View data |
| 7 | 7 Sweden | 41,806,000 | 2023 | -3.49% | -2.92% | View data |
| 8 | 8 Romania | 41,109,000 | 2023 | -1.6% | -1.34% | View data |
| 9 | 9 Finland | 25,748,000 | 2023 | -0.73% | +0.069% | View data |
| 10 | 10 Denmark | 22,108,000 | 2023 | -5.3% | -3.67% | View data |
