Global Spreads Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
The Spreads Market segmentation allows for deeper thought and understanding, to decisively assess, analyze, and study.
Besides revenues for segments, global, regional, and country-wise market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The Spreads Market report will be segmented on the basis of product type, distribution, and region.
Spreads Market Overview:
“The Spreads Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A spread is a food that is generally layered, using a knife, onto foods such as crackers or bread, etc.
In many countries, whether it is various chocolate spreads to honey that is favored in Europe or peanut butter and jelly to blueberry jam in North America, an array of spreads has always been an integral part of breakfast routines and this is bound to have a positive impact on the global spreads market.
Spreads Market Dynamics:
The global spread market is slated to expand at a higher CAGR than that recorded in 2018. The growth of this market can be attributed to an increase in the demand for gourmet jams and preserves.
The general perception that these products are considered to be luxurious in nature, has made their popular items to gift for various occasions.
And, with higher disposable incomes, the tendency to purchase these items regularly for personal consumption has risen, thereby, contributing to the global growth of the spread market.
An inclination toward the leading of healthy lifestyles is inspiring many customers to choose low-calorie, healthy diets which had led to the added growth of the spread market.
That being said, many sweet spreads contain artificial sweeteners and added flavoring. These tend to have negative effects on the long-term health of individuals which was expected to hamper this market’s growth. In response, several manufacturers have now launched products that include additional protein, no palm oil, plant-based oils, etc., and no artificial ingredients.
With respect to the product type segmentation, the market is sectioned into fruit spreads, butter/cheese, nuts, chocolates, and others. In 2018, fruit spreads accounted for a majority of the global spreads market’s revenue share.
Fruit spreads come in a variety of textures and flavors, and are used quite differently in various dishes across the world. The ‘others’ segment is expected to expand at the highest CAGR over the forecasted period due to a rise in the consumption of various types of honey.
In terms of distribution, the market is segmented into – hypermarkets & supermarkets, convenience stores, specialty stores, and online forums.
The hypermarket & supermarket segment accounted for a majority of the market’s revenue share in 2018.
It has been found that consumers are more inclined to make a purchase when there are more options available.
And, variations of a particular product are more likely to be found in a hypermarket than in a convenience store. The online segment is expected to balloon with the highest CAGR over the forecasted period due to the availability of multiple purchasing forums, lucrative discounts, easy return & exchange options, cash backs, etc.
Spreads Market Regional Analysis:
Europe accounted for the largest revenue share of the global spreads market in 2018. North America is the 2nd largest market owing to its preference for fruit-based spreads and love for fast food.
The market in the Asia Pacific region is slated to expand with the highest CAGR over the forecasted tenure.
The increased introduction of foreign spread brands in emerging economies is resulting in a tremendous surge in demand for these products, thereby, positively influencing the overall growth of the global spread market.
Spreads Market Segmentation:
Global Spreads Market Segmentation, by-product outlook:
- Fruit Spreads
- Chocolate & Nuts
Global Spreads Market Segmentation, by distribution:
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online Channels
Global Spreads Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Andros Group
- The Hershey Company
- Hormel Foods
- JM Smucker
- B&G Foods
- Bernard Michaud
- Capilano Honey
- Centura Foods
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