Market Share of Nut Based Spread Industry
The nut-based spread market is highly fragmented and competitive, with the presence of various players. The companies are making themselves more competitive by strengthening their distribution systems, entering partnerships, acquisitions, expanding product ranges, etc. Some of the major players operating in the market are JM Smucker's, Kraft Foods Group, ConAgra Foods Inc., and Hormel Foods Corporation, which dominate the market. These players are focusing on introducing products with additional claims such as vegan, gluten-free, and cruelty-free to attract consumers in the market.
Nut Based Spreads Market Leaders
The J.M. Smucker Company
The Kraft Heinz Company
Conagra Brands, Inc.
Ferrero International
Hormel Foods Corporation
*Disclaimer: Major Players sorted in no particular order
