The global market for Butter and Margarine was estimated to be worth US$ 71179 million in 2024 and is forecast to a readjusted size of US$ 87657 million by 2031 with a CAGR of 3.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Butter and Margarine cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Butter is a dairy product that manufacturers make by churning cream or milk to separate the solid components from the liquid. People commonly use butter in cooking, baking, and as a spread. Margarine is a substitute for butter. Manufacturers make margarine from plant-based oils, such as canola oil, palm fruit oil, and soybean oil. Although butter and margarine have different components, both can contain large amounts of different fats.
In 2024, global Butter and Margarine production reached approximately 20308K MT, with an average global market price of around 3505 USD/MT.
The global butter and margarine market is experiencing a dynamic shift, influenced by evolving consumer preferences, health trends, and regional dietary habits. While butter has traditionally dominated the market, particularly in regions like Europe and North America, growing awareness about the health risks associated with high saturated fat consumption has prompted a gradual shift toward margarine and plant-based spreads. Margarine, often seen as a healthier alternative due to its lower saturated fat content, is gaining popularity, especially with the rise in veganism and plant-based diets. This shift is further supported by the introduction of fortified and functional margarine products that offer additional health benefits, such as omega-3 fatty acids and vitamins.
On the other hand, butter remains highly favored due to its natural and clean-label appeal, as consumers seek products with fewer additives and preservatives. Artisanal and organic butter varieties are witnessing increased demand, driven by the broader trend toward natural and premium food products. The Asia-Pacific region is emerging as a key growth area for both butter and margarine, fueled by rising disposable incomes and Western-style eating habits. Meanwhile, in developed regions like North America and Europe, the trend toward clean-label and health-conscious food products continues to shape the market. Overall, the butter and margarine market is expected to grow steadily, with an ongoing balance between indulgence, health-conscious choices, and regional preferences.
This report aims to provide a comprehensive presentation of the global market for Butter and Margarine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Butter and Margarine by region & country, by Type, and by Application.
The Butter and Margarine market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Butter and Margarine.
Market Segmentation
By Company
- Upfield
- Bunge
- NMGK Group
- ConAgra
- Wilmar-International
- Fuji Oil
- BRF
- Yildiz Holding
- Grupo Lala
- NamChow
- Cargill
- COFCO
- Uni-President
- Mengniu Group
- Yili Group
- Land O'lakes
- Arla Foods
- Lactails
- Fonterra
- Amul
Segment by Type
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Butter and Margarine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Butter and Margarine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Butter and Margarine in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Butter and Margarine Product Introduction
- 1.2 Global Butter and Margarine Market Size Forecast
- 1.2.1 Global Butter and Margarine Sales Value (2020-2031)
- 1.2.2 Global Butter and Margarine Sales Volume (2020-2031)
- 1.2.3 Global Butter and Margarine Sales Price (2020-2031)
- 1.3 Butter and Margarine Market Trends & Drivers
- 1.3.1 Butter and Margarine Industry Trends
- 1.3.2 Butter and Margarine Market Drivers & Opportunity
- 1.3.3 Butter and Margarine Market Challenges
- 1.3.4 Butter and Margarine Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Butter and Margarine Players Revenue Ranking (2024)
- 2.2 Global Butter and Margarine Revenue by Company (2020-2025)
- 2.3 Global Butter and Margarine Players Sales Volume Ranking (2024)
- 2.4 Global Butter and Margarine Sales Volume by Company Players (2020-2025)
- 2.5 Global Butter and Margarine Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Butter and Margarine Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Butter and Margarine Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Butter and Margarine
- 2.9 Butter and Margarine Market Competitive Analysis
- 2.9.1 Butter and Margarine Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Butter and Margarine Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Butter and Margarine as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Butter
- 3.1.2 Margarine
- 3.2 Global Butter and Margarine Sales Value by Type
- 3.2.1 Global Butter and Margarine Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Butter and Margarine Sales Value, by Type (2020-2031)
- 3.2.3 Global Butter and Margarine Sales Value, by Type (%) (2020-2031)
- 3.3 Global Butter and Margarine Sales Volume by Type
- 3.3.1 Global Butter and Margarine Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Butter and Margarine Sales Volume, by Type (2020-2031)
- 3.3.3 Global Butter and Margarine Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Butter and Margarine Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Food Industry
- 4.1.2 Household
- 4.2 Global Butter and Margarine Sales Value by Application
- 4.2.1 Global Butter and Margarine Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Butter and Margarine Sales Value, by Application (2020-2031)
- 4.2.3 Global Butter and Margarine Sales Value, by Application (%) (2020-2031)
- 4.3 Global Butter and Margarine Sales Volume by Application
- 4.3.1 Global Butter and Margarine Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Butter and Margarine Sales Volume, by Application (2020-2031)
- 4.3.3 Global Butter and Margarine Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Butter and Margarine Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Butter and Margarine Sales Value by Region
- 5.1.1 Global Butter and Margarine Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Butter and Margarine Sales Value by Region (2020-2025)
- 5.1.3 Global Butter and Margarine Sales Value by Region (2026-2031)
- 5.1.4 Global Butter and Margarine Sales Value by Region (%), (2020-2031)
- 5.2 Global Butter and Margarine Sales Volume by Region
- 5.2.1 Global Butter and Margarine Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Butter and Margarine Sales Volume by Region (2020-2025)
- 5.2.3 Global Butter and Margarine Sales Volume by Region (2026-2031)
- 5.2.4 Global Butter and Margarine Sales Volume by Region (%), (2020-2031)
- 5.3 Global Butter and Margarine Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Butter and Margarine Sales Value, 2020-2031
- 5.4.2 North America Butter and Margarine Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Butter and Margarine Sales Value, 2020-2031
- 5.5.2 Europe Butter and Margarine Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Butter and Margarine Sales Value, 2020-2031
- 5.6.2 Asia Pacific Butter and Margarine Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Butter and Margarine Sales Value, 2020-2031
- 5.7.2 South America Butter and Margarine Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Butter and Margarine Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Butter and Margarine Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Butter and Margarine Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Butter and Margarine Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Butter and Margarine Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Butter and Margarine Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Butter and Margarine Sales Value, 2020-2031
- 6.3.2 United States Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Butter and Margarine Sales Value, 2020-2031
- 6.4.2 Europe Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Butter and Margarine Sales Value, 2020-2031
- 6.5.2 China Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Butter and Margarine Sales Value, 2020-2031
- 6.6.2 Japan Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Butter and Margarine Sales Value, 2020-2031
- 6.7.2 South Korea Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Butter and Margarine Sales Value, 2020-2031
- 6.8.2 Southeast Asia Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Butter and Margarine Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Butter and Margarine Sales Value, 2020-2031
- 6.9.2 India Butter and Margarine Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Butter and Margarine Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Upfield
- 7.1.1 Upfield Company Information
- 7.1.2 Upfield Introduction and Business Overview
- 7.1.3 Upfield Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Upfield Butter and Margarine Product Offerings
- 7.1.5 Upfield Recent Development
- 7.2 Bunge
- 7.2.1 Bunge Company Information
- 7.2.2 Bunge Introduction and Business Overview
- 7.2.3 Bunge Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Bunge Butter and Margarine Product Offerings
- 7.2.5 Bunge Recent Development
- 7.3 NMGK Group
- 7.3.1 NMGK Group Company Information
- 7.3.2 NMGK Group Introduction and Business Overview
- 7.3.3 NMGK Group Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 NMGK Group Butter and Margarine Product Offerings
- 7.3.5 NMGK Group Recent Development
- 7.4 ConAgra
- 7.4.1 ConAgra Company Information
- 7.4.2 ConAgra Introduction and Business Overview
- 7.4.3 ConAgra Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 ConAgra Butter and Margarine Product Offerings
- 7.4.5 ConAgra Recent Development
- 7.5 Wilmar-International
- 7.5.1 Wilmar-International Company Information
- 7.5.2 Wilmar-International Introduction and Business Overview
- 7.5.3 Wilmar-International Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Wilmar-International Butter and Margarine Product Offerings
- 7.5.5 Wilmar-International Recent Development
- 7.6 Fuji Oil
- 7.6.1 Fuji Oil Company Information
- 7.6.2 Fuji Oil Introduction and Business Overview
- 7.6.3 Fuji Oil Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Fuji Oil Butter and Margarine Product Offerings
- 7.6.5 Fuji Oil Recent Development
- 7.7 BRF
- 7.7.1 BRF Company Information
- 7.7.2 BRF Introduction and Business Overview
- 7.7.3 BRF Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 BRF Butter and Margarine Product Offerings
- 7.7.5 BRF Recent Development
- 7.8 Yildiz Holding
- 7.8.1 Yildiz Holding Company Information
- 7.8.2 Yildiz Holding Introduction and Business Overview
- 7.8.3 Yildiz Holding Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Yildiz Holding Butter and Margarine Product Offerings
- 7.8.5 Yildiz Holding Recent Development
- 7.9 Grupo Lala
- 7.9.1 Grupo Lala Company Information
- 7.9.2 Grupo Lala Introduction and Business Overview
- 7.9.3 Grupo Lala Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Grupo Lala Butter and Margarine Product Offerings
- 7.9.5 Grupo Lala Recent Development
- 7.10 NamChow
- 7.10.1 NamChow Company Information
- 7.10.2 NamChow Introduction and Business Overview
- 7.10.3 NamChow Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 NamChow Butter and Margarine Product Offerings
- 7.10.5 NamChow Recent Development
- 7.11 Cargill
- 7.11.1 Cargill Company Information
- 7.11.2 Cargill Introduction and Business Overview
- 7.11.3 Cargill Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Cargill Butter and Margarine Product Offerings
- 7.11.5 Cargill Recent Development
- 7.12 COFCO
- 7.12.1 COFCO Company Information
- 7.12.2 COFCO Introduction and Business Overview
- 7.12.3 COFCO Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 COFCO Butter and Margarine Product Offerings
- 7.12.5 COFCO Recent Development
- 7.13 Uni-President
- 7.13.1 Uni-President Company Information
- 7.13.2 Uni-President Introduction and Business Overview
- 7.13.3 Uni-President Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Uni-President Butter and Margarine Product Offerings
- 7.13.5 Uni-President Recent Development
- 7.14 Mengniu Group
- 7.14.1 Mengniu Group Company Information
- 7.14.2 Mengniu Group Introduction and Business Overview
- 7.14.3 Mengniu Group Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Mengniu Group Butter and Margarine Product Offerings
- 7.14.5 Mengniu Group Recent Development
- 7.15 Yili Group
- 7.15.1 Yili Group Company Information
- 7.15.2 Yili Group Introduction and Business Overview
- 7.15.3 Yili Group Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Yili Group Butter and Margarine Product Offerings
- 7.15.5 Yili Group Recent Development
- 7.16 Land O'lakes
- 7.16.1 Land O'lakes Company Information
- 7.16.2 Land O'lakes Introduction and Business Overview
- 7.16.3 Land O'lakes Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Land O'lakes Butter and Margarine Product Offerings
- 7.16.5 Land O'lakes Recent Development
- 7.17 Arla Foods
- 7.17.1 Arla Foods Company Information
- 7.17.2 Arla Foods Introduction and Business Overview
- 7.17.3 Arla Foods Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 Arla Foods Butter and Margarine Product Offerings
- 7.17.5 Arla Foods Recent Development
- 7.18 Lactails
- 7.18.1 Lactails Company Information
- 7.18.2 Lactails Introduction and Business Overview
- 7.18.3 Lactails Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Lactails Butter and Margarine Product Offerings
- 7.18.5 Lactails Recent Development
- 7.19 Fonterra
- 7.19.1 Fonterra Company Information
- 7.19.2 Fonterra Introduction and Business Overview
- 7.19.3 Fonterra Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 Fonterra Butter and Margarine Product Offerings
- 7.19.5 Fonterra Recent Development
- 7.20 Amul
- 7.20.1 Amul Company Information
- 7.20.2 Amul Introduction and Business Overview
- 7.20.3 Amul Butter and Margarine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Amul Butter and Margarine Product Offerings
- 7.20.5 Amul Recent Development
8 Industry Chain Analysis
- 8.1 Butter and Margarine Industrial Chain
- 8.2 Butter and Margarine Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Butter and Margarine Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Butter and Margarine Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer