Global Food Spread Market - Growth, Trends and Forecasts (2019 - 2024)

Global Food Spread Market - Growth, Trends and Forecasts (2019 - 2024)

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Market Insights

Global food spread market is expected to register a CAGR of 3.5% during the forecast period, 2017 to 2022. Sweet spreads are an integral part of every breakfast and this has led to their steady growth. The rising health consciousness among consumers has given way to new low calorie spreads. Food spreads comprise of a variety of products, such as jams, jellies, fruit and nut-based spreads, honey, syrups, and chocolate-based spreads. United States is one of the largest consumers of sweet spreads; and Asia-Pacific, by virtue of its sheer population, is second in terms of consumer base.

  • Hershey's launched two new chocolate spreads. The spreads come in chocolate almond and chocolate hazelnut variants. It also launched three products aiming to spread 'Happiness and Goodness'. Hershey’s Spreads are available in two flavor variants, Cocoa and Cocoa with Almond.
  • White Chocolate, 'healthy' version of Nutella, has been launched in Lidl. The healthy alternative has no added sugar, no palm oil and with added protein.

Consumer Preference for Clean Label Solutions

A majority of consumers in the developed countries are looking for food spreads without any artificial preservatives or additives, as the continuous use of artificial additives gradually leads to long-term adverse health effects. The purpose of adding flavoring agents, preservatives, and sweeteners is to develop different product varieties with extended shelf-life. Natural additives are comparatively costlier, and they do not sustain product quality over extended periods. However, several large manufacturers have introduced spreads/buttery spreads with no artificial preservatives and flavor addition. Unilever has transformed its existing butter spread portfolio toward real/natural products with plant-based oil, salt, water, and no artificial additives. The aim of clean labels is to drive the sustainability of the product and provide great taste. The leader in food spreads, J M Smucker has expanded its spread product range with the launch of honey and fruit spread with natural ingredients. The honey spread market is a growing market in the North America and Europe in terms of clean labelling.

Honey is the Fastest Growing Segment

The different categories of spreads are divided depending on the base ingredient, such as chocolate, fruit and nuts. These ingredient-based spreads have varied rheological properties. The honey spread market is expected to record the highest CAGR of 5.68%, as many consumers are using honey as a natural alternative of sugar-based spreads. The associated health benefits of honey, such as antimicrobial and immunity boosting properties, have positioned it with significant market share of 20.04%, among the spreads segment. Taste and health benefits are the major factors affecting the market shares of different types of food spreads in the market.

The fruit-based spreads market has the largest share, generating a revenue of USD 7366.82 million in 2016, due to the largest variety of products such as 34.10%. This segment is expected to record a CAGR of 2.2%. Food spreads with reduced sugar, calories and fats are increasing in demand, owing to the increasing cases of lifestyle-related diseases around the globe.

North American Demand for Spreads is on a High

Europe holds the largest share of the global food spread market 29.45%, followed by North America, which is projected to witness the fastest growth. The popularity of food spreads can be attributed to their prevalence in traditional breakfast, in Europe and North America. In the recent years, the food spread market has developed further, with the launch of new innovative flavors, such as figs, ginger, and exotic fruits.

JM Smucker Co., Land O' Lakes Inc., and Unilever Group are the Current Market Leaders

The globalization of the food spread industry led to the rapid growth of the global market, with many firms making market acquisitions and partnerships. This trend continues for small to medium players, and the market leaders in the regional food spread market.

Major Key Players JM SMUCKER CO., HORMEL FOODS CORP., FERRERO GROUP.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
  • Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come.
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

  • Volume of the food spread market
  • Consumer behavior analysis at country level

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

 

1. Introduction                 

           1.1 Key Deliverables of the study             

           1.2 Study Assumptions

           1.3 Market Definitions   

2. Research Approach and Methodology                              

           2.1 Introduction              

           2.2 Research Design      

           2.3 Study Timelines       

           2.4 Study Phases            

                      2.4.1 Secondary Research

                      2.4.2 Discussion Guide

                      2.4.3 Market Engineering & Econometric Modelling

                      2.4.4 Expert Validation

3. Market Overview                         

           3.1 Market Trend                             

4. Market Dynamics                       

           4.1 Drivers

                      4.1.1 Increasing Number of Private Label Brands

                      4.1.2 Clean Label Solutions

                      4.1.3 Innovation of Products

           4.2 Restraints

                      4.2.1 Shift towards Snack Food

                      4.2.2 Peanut Butter Allergies

           4.3 Opportunities

                      4.3.1 Targeting new audiences

           4.4 Porter's Five Forces Analysis             

                      4.4.1 Bargaining Power of Suppliers

                      4.4.2 Bargaining Power of Buyers

                      4.4.3 Threat of New Entrants

                      4.4.4 Threat of Substitute Products and Services

                      4.4.5 Degree of Competition

5. Market Segmentation                               

           5.1 By Product Type      

                      5.1.1 Honey

                      5.1.2 Nut and seed based spreads

                      5.1.3 Fruit based spreads

                      5.1.4 Chocolate based spreads

                      5.1.5 Others

        5.2 By Geography

                      5.2.1 North America

                                 5.2.1.1 United States

                                 5.2.1.2 Canada

                                 5.2.1.3 Mexico

                                 5.2.1.4 Others

                      5.2.2 Europe

                                 5.2.2.1 Spain

                                 5.2.2.2 UK

                                 5.2.2.3 France

                                 5.2.2.4 Germany

                                 5.2.2.5 Russia

                                 5.2.2.6 Others

                      5.2.3 Asia- Pacific

                                 5.2.3.1 China

                                 5.2.3.2 India

                                 5.2.3.3 Japan

                                 5.2.3.4 Australia

                                 5.2.3.5 Others

                      5.2.4 South America

                                 5.2.4.1 Brazil

                                 5.2.4.2 Argentina

                                 5.2.4.3 Others

                      5.2.5 Africa

                                 5.2.5.1 South Africa

                                 5.2.5.2 Others                                                   

6. Competitive Landscape                           

                      6.1 Strategy Adopted by Key players     

                      6.2 Most Active Companies in the Past Five Years            

                      6.3 Market Share Analysis           

7. Company Profiles

                      7.1 J.M. Smucker

                      7.2 Kraft Foods

                      7.3 Unilever Group

                      7.4 ConAgra Foods Inc

                      7.5 Sioux Honey Assoc.

                      7.6 National Grape Co-operative Inc.

                      7.7 B & G Foods Inc.

                      7.8 Ferrero Group

                      7.9 Hershey Co.

                      7.10 Freedom Foods

                      7.11 Nature food Chocolatier

                      7.12 Nestle

8. Appendix                       

                      8.1 Disclaimer

List of Tables

  1. Food Spread Market: Market Share, by Type, Global, 2017
  2. Food Spread Market: Revenue in USD million, Nut & Seed Spreads, Global, 2015-2023
  3. Food Spread Market: Revenue in USD million, Fruit-based Spreads, Global, 2015-2023
  4. Food Spread Market: Revenue in USD million, Honey, Global, 2015-2023
  5. Food Spread Market: Revenue in USD million, Chocolate Spreads, Global, 2015-2023
  6. Food Spread Market: Revenue in USD million, Others, Global, 2015-2023
  7. Food Spread Market: Revenue in USD million, Global, 2017
  8. Food Spread Market: Market Share (%), by Country, North America, 2017
  9. Food Spread Market: Market Share (%), by Type, North America, 2017
  10. Food Spread Market: Revenue in USD million, by Type, United States, 2015-2023
  11. Food Spread Market: Revenue in USD million, by Type, Canada, 2015-2023
  12. Food Spread Market: Revenue in USD million, by Type, Mexico, 2015-2023
  13. Food Spread Market: Revenue in USD million, by Type, Rest of North America, 2015-2023
  14. Food Spread Market: Market Share (%), by Country, Europe, 2017
  15. Food Spread Market: Market Share (%), by Type, Europe, 2017
  16. Food Spread Market: Revenue in USD million, by Type, United Kingdom, 2015-2023
  17. Food Spread Market: Revenue in USD million, by Type, France, 2015-2023
  18. Food Spread Market: Revenue in USD million, by Type, Germany, 2015-2023
  19. Food Spread Market: Revenue in USD million, by Type, Italy, 2015-2023
  20. Food Spread Market: Revenue in USD million, by Type, Rest of Europe, 2015-2023
  21. Food Spread Market: Market Share (%), by Country, Asia-Pacific, 2017
  22. Food Spread Market: Market Share (%), by Type, Asia-Pacific, 2017
  23. Food Spread Market: Revenue in USD million, by Type, China, 2015-2023
  24. Food Spread Market: Revenue in USD million, by Type, India, 2015-2023
  25. Food Spread Market: Revenue in USD million, by Type, Japan, 2015-2023
  26. Food Spread Market: Revenue in USD million, by Type, Australia, 2015-2023
  27. Food Spread Market: Revenue in USD million, by Type, Rest of Asia-Pacific, 2015-2023
  28. Food Spread Market: Market Share (%), South America, 2017
  29. Food Spread Market: Market Share (%), by Type, South America, 2017
  30. Food Spread Market: Revenue in USD million, by Type, Brazil, 2015-2023
  31. Food Spread Market: Revenue in USD million, by Type, Argentina, 2015-2023
  32. Food Spread Market: Revenue in USD million, by Type, Rest of South America, 2015-2023
  33. Food Spread Market: Market Share (%), by Country, Africa, 2017
  34. Food Spread Market: Market Share (%), by Type, Africa, 2017
  35. Food Spread Market: Revenue in USD million, by Type, South Africa, 2015-2023
  36. Food Spread Market: Revenue in USD million, by Type, Rest of Africa, 2015-2023
  37. Food Spread Market: Market Share (%), by Country, GCC, 2017
  38. Food Spread Market: Market Share (%), by Type, GCC, 2017
  39. Food Spread Market: Revenue in USD million, by Type, Saudi Arabia, 2015 - 2023
  40. Food Spread Market: Revenue in USD million, by Type, UAE, 2015 - 2023
  41. Food Spread Market: Revenue in USD million, by Type, Rest of GCC, 2015 - 2023
  42. Food Spread Market: Strategies Adopted by Major Players, 2014 – 2017
  43. Food Spread Market: Most Active Companies, 2014 – 2017
  44. Food Spread Market: Market Share Analysis (%), by Company, Global, 2017
  45. Food Spread Market: Revenue in USD million, by Type, Global, 2015-2023
  46. Food Spread Market: Revenue in USD million, Global, 2018-2023
  47. Food Spread Market: Revenue in USD million, North America, 2015-2023
  48. Global Food Spread Market: Revenue in USD million, by Type, North America, 2015-2023
  49. Food Spread Market: Revenue in USD million, by Country, Europe, 2015 - 2023
  50. Food Spread Market: Revenue in USD million, by Type, Europe, 2015 - 2023
  51. Food Spread Market: Revenue in USD million, by Country, Asia-Pacific, 2015-2023
  52. Food Spread Market: Revenue in USD million, by Type, Asia-Pacific 2015-2023
  53. Food Spread Market: Revenue in USD million, by Country, South America, 2015-2023
  54. Food Spread Market: Revenue in USD million, by Type, South America, 2015-2023
  55. Food Spread Market: Revenue in USD million, by Country, Africa, 2015-2023
  56. Food Spread Market: Revenue in USD million, by Type, Africa, 2015-2023
  57. Food Spread Market: Revenue in USD million, by Country, GCC, 2015-2023
  58. Food Spread Market: Revenue in USD million, by Type, GCC, 2015-2023

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