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The Asia-Pacific Food Spread Market is segmented by Product Type (Nut- and Seed-based Spreads, Fruit-based Spread, Honey, Chocolate-based Spread, and Other Product Types), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail Stores, and Other Distribution Channels), and Geography.
The Asia-Pacific food spread market is estimated to be valued at USD 4.6 billion by 2025, recording a CAGR of 2.75%, during the forecast period.
Scope of the market includes food spreads, segmented by product type as nut- and seed-based spreads, fruit-based spread, honey, chocolate-based spread, and other product types. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialist retailers, online retail stores, and other distribution channels. Additionally, the market is segmented by geography.
|Nut- and Seed-based Spreads|
|Other Product Types|
|Online Retail Stores|
|Other Distribution Channels|
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The popularity of peanut butter in the market has paved way for various nut-based butters, such as those based on almonds, cashews, walnuts, and hazelnuts. Nut-based butter and spreads have become popular products among consumers, because of the health benefits offered by these products and their ease of use as a breakfast accompaniments. Thus, there is a rising preference for nut-based spreads among the Japanese consumers. Although fruit-based spreads are leading the Japanese market, the nut-based spreads are expected to register healthy growth. Meanwhile, manufacturers are employing various methods to increase their shares in the Chinese food spread market. High consumption of peanut butter has been observed in Hong Kong and Taiwan, while in the Rest of China, the market for peanut butter is still a little weak.
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Westernization, as a cultural movement, has augmented the demand for processed foods, in India and China. Additionally, there is an increased consumption of bread in the region, as bread is viewed as convenient and healthy. Hence, the food spread market in China is expected to benefit from this trend during the forecast period. China’s population is entering the middle-income group, as more of them are becoming employed. This is leading the consumers to prefer convenient food, and in turn, spending more on processed food. In China, the consumption of almond butter is increasing at a healthy rate, as it is mostly used in the preparation of several desserts. In addition, the manufacturers are employing various techniques to innovate their food spread products in the market.
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New product launches, market expansions, partnerships, and acquisitions are the preferred strategic approaches adopted by most companies involved in the Asia-Pacific food spread market. Major players in the market are Cremica Agro Foods Limited, Ferrero Group, Unilever PLC, and The Hershey Company.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Nut- and Seed-based Spreads
5.1.2 Fruit-based Spread
5.1.4 Chocolate-based Spread
5.1.5 Other Product Types
5.2 Distribution Channel
5.2.2 Convenience Stores
5.2.3 Specialist Retailers
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
188.8.131.52 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cremica Agro Foods Limited
6.4.2 Ferrero Group
6.4.3 Podravka d.d.
6.4.4 Unilever PLC
6.4.5 The Hershey Company
6.4.6 Capilano Honey Ltd
6.4.7 Nestle SA
6.4.8 Sioux Honey Association
7. MARKET OPPORTUNITIES AND FUTURE TRENDS