Market Size of Europe Food Spread Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Spreads Market Analysis
Europe's food spread market is projected to register a CAGR of 2.1% over the forecast period.
- The trend of health consciousness among consumers has led to an increased demand for nutritious and healthy spreads free from additives, preservatives, gluten, and trans-fat. Consumers increasingly prefer natural or low-sugar and sugar-free spreads, which may lead to long-term changes in customer behavior and demand.
- The European food spread market is closely tied to ethnic flavors, raw material perceptions, and the consumption patterns of bread. The demand for 100% fruit-based spreads is a significant factor driving the market. In the United Kingdom, changing consumer preferences and cautious spending habits are influencing the types of sweet spreads purchased.
- Currently, the jams and jellies segment holds the largest share of the market. It is expected to remain a significant segment during the forecast period due to its high market penetration and product reinvigoration by manufacturers. The COVID-19 pandemic led European consumers to adopt healthier lifestyles, resulting in increased consumption of hazelnut-based spreads, which are associated with a lower risk of heart disease. As a result, the nut-based spread market is expected to register further growth due to changing consumer preferences.
