In 2023, the import of margarine to the US stood at approximately 20.5 million kilograms. The forecasted import volume is expected to increase steadily, reaching 24.503 million kilograms in 2028. This shows a consistent year-on-year growth leading to a five-year compound annual growth rate (CAGR) of approximately 3.5%.
Future trends to watch for:
- Changes in consumer preferences towards plant-based diets could drive further demand for margarine.
- Economic factors, such as tariffs or changes in trade policies, might impact import volumes.
- Technological advancements in margarine production could affect both domestic production and import levels.