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Vegan Margarine Market Share

Report ID: GMI10319
Published Date: Jul 2024
Report Format: PDF

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Vegan Margarine Market Share

Vegan Margarine Market Company Share, (2023)

The vegan margarine industry is experiencing significant growth and innovation, driven by a diverse group of key players from around the world. Leading this market are established multinational corporations such as Unilever, known for its wide range of consumer goods, and Bunge Limited, a major agribusiness and food company. These industry giants are joined by specialized plant-based product manufacturers like Puratos and Wilmar International Ltd, which bring expertise in creating high-quality vegan alternatives. Other significant players include Dairy Crest Limited, which has expanded into plant-based offerings, and FUJI OIL HOLDINGS INC., a Japanese company known for its innovative food solutions.

The market is further strengthened by the presence of companies with strong regional influence, such as Richardson International Limited in Canada and LASENOR EMUL, S.L. in Spain. The NMGK Group and EFKO Group represent Eastern European interests in this growing sector. Currimjee Vandemoortele, Sime Darby Oils Zwijndrecht Refinery B.V., and Walter Rau Lebensmittelwerke GmbH bring their European expertise to the table, while Muez-Hest India Private Limited caters to the expanding Asian market. Rounding out this diverse group of key players is Conagra Brands, Inc., an American company that has been making strides in the plant-based food industry, including vegan margarine products.

Vegan Margarine Market Companies

Top companies operating in the vegan margarine industry include:

Bunge Limited
Conagra Brands, Inc.
Currimjee Vandemoortele
Dairy Crest Limited
EFKO Group
FUJI OIL HOLDINGS INC.
LASENOR EMUL, S.L.
Muez-Hest India Private Limited
NMGK Group
Puratos
Richardson International Limited
Sime Darby Oils Zwijndrecht Refinery B.V.
Unilever
Walter Rau Lebensmittelwerke GmbH
Wilmar International Ltd

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of vegan margarine reached USD 22.88 billion in 2023 and will register 5.1% CAGR from 2024 to 2032, on account of increasing number of consumers adopting vegan and flexitarian lifestyles, driven by ethical, environmental, and health considerations.

The beverages application of vegan margarine industry will expand at 3.7% CAGR from 2024 to 2032, owing to shift towards plant-based alternatives from traditional dairy products, the proliferation of innovative product formulations and flavors, combined with effective marketing campaigns.

Asia Pacific market will record 2.2% CAGR during 2024 and 2032, driven by the increasing consumer awareness about health & wellness, leading to a shift towards plant-based diets, alongside the rising disposable incomes and urbanization.

Bunge Limited, Conagra Brands, Inc., Currimjee Vandemoortele, Dairy Crest Limited, EFKO Group, FUJI OIL HOLDINGS INC., LASENOR EMUL, S.L., Muez-Hest India Private Limited, and NMGK Group among others.