Global Sweet Spread Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Sweet Spread Market is segmented by Type (Chocolate Spreads, Honey, Jam and Nut butter/spreads), Distribution Channel (Specialist Retail Store, Hypermarket and Supermarket, Online Channel and Other Distribution Channels), and Geography

Market Snapshot

hair styling products market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

North America

Largest Market:

Europe

CAGR:

3.2 %

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Market Overview

The Global Sweet Spread Market is forecasted to grow at a CAGR of 3.2% during the forecast period (2019-2024).

  • The growth of the sweet spread market can be attributed to the rising popularity for quick and healthy morning meal replacement among office goers and the youth population.
  • Sweet-based food spreads largely rely on the consumption rate of bread.
  • Consumers have been looking for low-sugar and low-fat alternatives, especially in the form of natural/organic spreads, with functional attributes.
  • Europe holds the largest share of the global sweet spread market, followed by North America, which is projected to witness the fastest growth rate, during the forecast period.

Scope of the Report

The market study of sweet spread is segmented as chocolate spreads, honey, jam and nut butter/spreads. By distribution channel, the market is segmented as a specialist retail store, hypermarket and supermarket, online channel and other distribution channels.

By Type
Chocolate Spreads
Honey
Jam
Nut Butter/Spread
By Distribution Channel
Hypermarket/Supermarket
Specialist Retail Store
Online Channel
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Australia
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest Middle East & Africa

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Key Market Trends

The Growth Of Clean Label Solutions And Sugar Reduced Spreads

The majority of consumers in the developed countries are looking for food spreads, without any inclusion of artificial additives owing to the associated long-term adverse health effects. Manufacturers are inclined toward the usage of natural flavoring agents, preservatives, and sweeteners as they are the key ingredients used in sweet spreads to extended shelf-life of the product. The global manufacturers have introduced product lines with natural claims across spreads/buttery spreads with no artificial preservatives and artificial flavor. The American jam, jelly, and spreads manufacturer - Welch has a range of concord grape jelly and jam made with no artificial color or flavor. Millennials currently account for a large share of direct consumer spending. This generation of individuals insist on consuming better-for-you products than natural or organic ingredients. Thus, the vendors are creating strategies in accordance with this demand and are developing organic offerings. For instance, Trailblazer offers several product lines, such as Organic Preserves, which contain more fruit and less added sugar than regular preserves.
Sweet Spread Market 1

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Europe To Hold A Significant Market Share

The chocolates based spread market in the European region is dominated by increased consumption of chocolate spreads in most Western European countries, particularly Germany, France, Italy, and the United Kingdom (U.K.). The chocolate spreads market is highly competitive with private label products competing with global prominent brands, in terms of pricing and product innovation. Chocolate-based spread segment of the market is witnessing a growth in demand, specifically among the parents who are concerned toward their children getting regular breakfast as per their taste and preferences. The increasing trend for snackification is fueling the growth of chocolate-based spreads market during the forecast period. The availability of regional products at a convenient price is creating competition in the market. 

Sweet Spread Market 2

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Competitive Landscape

J.M. Smucker, Kraft Foods, Unilever Group and ConAgra Foods Inc. are the key players of the sweet spread market. Expansion of their facilities and product portfolio is the major strategy of these companies. Companies are focussing on producing healthy and innovative products, which is encouraging sweet spread manufacturers to manufacture quality products, as well.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Chocolate Spreads

      2. 5.1.2 Honey

      3. 5.1.3 Jam

      4. 5.1.4 Nut Butter/Spread

    2. 5.2 By Distribution Channel

      1. 5.2.1 Hypermarket/Supermarket

      2. 5.2.2 Specialist Retail Store

      3. 5.2.3 Online Channel

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Major Strategies by Key Players

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 The J.M. Smucker Company

      2. 6.4.2 The Kraft Heinz Company

      3. 6.4.3 Unilever

      4. 6.4.4 Conagra Brands

      5. 6.4.5 Ferrero Group

      6. 6.4.6 Mondelez International

      7. 6.4.7 Dabur India Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Sweet Spread Market market is studied from 2016 - 2026.

The Global Sweet Spread Market is growing at a CAGR of 3.2% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

  • The J.M. Smucker Company
  • The Kraft Heinz Company
  • Unilever
  • Conagra Brands
  • Ferrero Group

Are the major companies operating in Global Sweet Spread Market.

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