Authored By: Sarah
07 Nov 2024

increase in on-the-go consumption is driving the Sweet Spreads Market

Latest News:- Sweet Spreads Market: Nuts and seed-based spreads is expected to lead the Type segment during 2024-2028

Technavio analyzes that the Sweet Spreads Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4291.2 million.There are various factors that contribute to the growth of the market. The sweet spreads market is experiencing a significant surge in demand due to the increasing trend of on-the-go consumption. Consumers are seeking convenient and portable options for their favorite spreads, leading to an uptick in sales of individually packaged portions and single-serve containers. This shift in consumer behavior is driving innovation and growth within the industry.

The nuts and seed-based spreads sector holds a significant market share in the global sweet spreads industry, projected to persist throughout the forecast period. Notable nut-based spreads comprise almond, cashew, coconut, walnut, peanut, and associated products, with peanut butter being the most favored. Seed-based spreads consist of tahini, pumpkin, sunflower, and watermelon seeds. These spreads offer substantial quantities of protein, fiber, healthy fats, vitamins, and minerals. The unabsorbed fats in nuts and seeds regulate body weight, food consumption, and energy expenditure. Unsaturated fats and other nutrients present in nuts and seeds contribute to heart disease prevention. Glass and plastic packaging options cater to various retail channels, including supermarkets, hypermarkets, grocery stores, convenience stores, online retailers, and brand websites. 

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Sweet Spreads Market Segmentation

  • Type
    • Nuts and seed-based spreads
    • Jams jellies and preserves
    • Honey
    • Chocolate spreads
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Algood Food Co.
  • Andros SNC
  • B and G Foods Inc.
  • Chocoladefabriken Lindt and Sprungli AG
  • Conagra Brands Inc.
  • Dabur India Ltd.
  • Dr. August Oetker KG
  • F. Duerr and Sons Ltd.
  • Ferrero International S.A.
  • Hormel Foods Corp.
  • Mondelez International Inc.
  • Murphy Orchard
  • Nestle SA
  • PepsiCo Inc.
  • Rochak Agro Food Products Pvt. Ltd.
  • The Hain Celestial Group Inc.
  • The Hershey Co.
  • The J.M Smucker Co.
  • The Kraft Heinz Co.
  • Wilkin and Sons Ltd.

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Research Analysis Overview

The Sweet Spreads Market encompasses various product types including Jams, Marmalades, Jellies, Chocolate spreads, Honey, Nut-based spreads, catering to consumers seeking portable, indulgent, and exotic food experiences. Premium and healthy options, such as high-quality, sustainable, and preservative-free spreads, are popular among millennials. Product offerings include those with health benefits, as well as unhealthy options with high protein, fat content, and artificial sweeteners. Packaging varies from glass to plastic, with supermarkets, hypermarkets, grocery stores, and convenience stores serving as key sales channels.

Market Research Overview

The Sweet Spreads Market encompasses vendors engaged in the production and packaging of jams, marmalades, jellies, chocolate spreads, honey, and nut-based spreads. These premium and indulgent food items cater to consumers seeking portable, convenient, and exotic food solutions. The market's size is determined by the consolidated revenue generated by these vendors, excluding equipment manufacturers and producers of packaged beverages. Market expansion is driven by the health benefits associated with consuming minimally processed foods, such as jams and jellies, which provide essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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