Market Insights Consumer Food Oils & Fats

Margarine - Brazil

Brazil

Revenue in the Margarine market amounts to €0.58bn in 2024. The market is expected to grow annually by 6.64% (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 €2.67 are generated in 2024.
In the Margarine market, volume is expected to amount to 236.80m kg by 2029. The Margarine market is expected to show a volume growth of 4.3% in 2025.
The average volume per person in the Margarine market is expected to amount to 0.92kg in 2024.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Margarine market in Brazil is experiencing subdued growth, influenced by factors such as shifting consumer preferences towards healthier fats, increased competition from butter alternatives, and economic constraints affecting purchasing power among households.

Customer preferences: Consumers in Brazil are increasingly prioritizing health-conscious choices, leading to a notable shift towards plant-based margarines and spreads that align with their wellness goals. This trend is amplified by a growing awareness of the benefits of unsaturated fats over saturated ones, influenced by cultural movements promoting healthier lifestyles. Additionally, younger demographics are embracing convenience and sustainability, driving demand for organic and non-GMO margarine options. These evolving preferences reflect a broader societal shift towards mindful eating and environmental consciousness.

Trends in the market: In Brazil, the Margarine Market is experiencing a significant shift towards health-oriented products, as consumers increasingly favor plant-based margarines that promote wellness. The trend is driven by a heightened awareness of the advantages of unsaturated fats, reflecting a cultural movement towards healthier eating habits. Younger consumers are also prioritizing convenience and sustainability, fueling the demand for organic and non-GMO options. This evolution in consumer preference highlights the importance of adaptability for industry stakeholders, who must innovate to meet these emerging demands while fostering a commitment to environmental responsibility.

Local special circumstances: In Brazil, the Margarine Market is uniquely influenced by the country's diverse agricultural landscape and cultural emphasis on traditional cuisine. The availability of local plant-based ingredients like soy and palm oil supports the production of healthier margarines. Additionally, a strong cultural inclination towards family meals drives demand for convenient cooking solutions. Regulatory initiatives promoting healthier food options further encourage innovation in low-trans fat margarines. This combination of local resources and consumer preferences shapes a dynamic market that prioritizes health and sustainability.

Underlying macroeconomic factors: The Margarine Market in Brazil is significantly influenced by macroeconomic factors, including national economic stability, inflation rates, and consumer spending power. Economic growth in Brazil has led to increased disposable income, allowing consumers to opt for higher-quality margarine options. Additionally, global trends towards health consciousness and sustainability are prompting local manufacturers to innovate with healthier formulations. Regulatory measures aimed at reducing trans fats and promoting nutritional labeling also play a crucial role in shaping market dynamics. Fluctuations in agricultural output due to climate change impact the availability and pricing of key ingredients, further influencing market performance.

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.