Russia annually increases the export of margarine by 12-14%

Published 2021년 9월 29일

Tridge summary

Since 2016, Russia has seen a steady annual increase of 12-14% in margarine exports, positioning it as the eighth largest exporter globally. This growth is largely driven by the rising global demand for margarine, particularly in Asia and Africa, where it is used in bakery and confectionery products. Additionally, margarine's popularity stems from its affordability and suitability for people with lactose intolerance. Despite a slight dip in global consumption this year due to high vegetable oil prices, it is expected to rebound by next year. Russia's export portfolio includes countries like Kazakhstan, Uzbekistan, Belarus, Ukraine, Mongolia, Serbia, and China, thanks to its high-quality and eco-friendly products. The fat and oil industry forecasts a bright future for margarine, with a surge in European and American markets due to the shift towards plant-based diets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since 2016, Russia has annually increased the export of margarine products by 12-14% and today is one of the ten exporters in the world, firmly occupying the eighth place in terms of exports of margarine products, Mikhail Maltsev, the head of the Oil and Fat Union, told Agroexport. The consumption of margarine in the world has grown steadily over the past five years. This was facilitated by the demographic situation in the countries of Asia and Africa, where, with the increase in population, the demand for food also grows. In addition, these states are characterized by a large number of bakery and confectionery products in the daily diet, which are produced on the basis of margarine. In addition, high-quality margarine has become an excellent substitute for too expensive butter in snacks and convenience foods, and for people with lactose intolerance, it is simply an irreplaceable source of fat. In European countries and the United States, the increase in margarine consumption is ...
Source: Oilworld

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