"Market Intelligence that Adds Flavour to Your Success"

Food Spreads Market Size, Share & Industry Analysis, By Type (Honey, Fruit-based spreads, Chocolate-based spreadsNut-based spreads, Others), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail Stores, Online Retail Stores, Food Service, Others) Others and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102250 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global food spreads market is expanding due to evolving dietary preferences and increased demand for western foods. Food spreads have been an integral part of breakfast predominantly in the western markets and, its demand is gradually increasing across the globe. Food spreads involve products such as honey, chocolate spreads and, nut spreads. The growing demand for indulgent products is fuelling the development of innovative products in food spreads.


The demand for food spreads is prominent in developing regions on account of discretionary spending patterns. The manufacturers are developing innovative and healthier spreads due to the rising trend of consuming plant-based and clean label products. For instance, in December 2017, Ferrero launched a healthier version of Nutella with white chocolate, in Portugal. This Nutella has no added sugar and no palm oil.


Key Market Driver -

Promising Demand for Food Spreads in Developing Regions

Key Market Restraint -

High Cost of Raw Materials


The global food spreads market is expected to witness robust growth due to increasing demand for innovative spreads in developing countries. The companies are focused on developing such novel products to cater to this demand. For instance, in August 2019, Licious, an Indian meat food brand, launched its first meat-based food spread to cater to the transforming consumption patterns in India.


The increasing cost of raw materials such as fruits, sugar and, cocoa is expected to impede the growth of the market. The awareness of adverse health effects resulting from regular consumption of sugar and fats is also expected to hinder the growth of the food spread market.


Key Players Covered:


The key players operating in the global food spreads market are The JM Smucker Company, Conagra Brands, Inc., Unilever PLC, Kraft Foods Group, Inc., Sioux Honey Association, The Hershey Co., Ferrero SpA, B&G Foods, Inc., Lindt Chocolate and, Nestlé S.A.


The global food spreads market is segmented by type, distribution channel and, geography. The prominent types of food spreads are honey spreads, fruit-based spreads, chocolate-based spreads, nut-based spreads, and others which include dairy-based spreads and meat-based spreads. Honey-based spreads are expected to witness the highest growth due to health benefits associated with honey. The manufacturing companies are focused on launching honey-based spreads. For instance, in August 2018, Bumbleberry Farm launched a new line of honey cream spreads in the U.K. Hypermarkets/supermarkets, are expected to witness substantial growth because of the presentation, availability of a wide variety on the shelves, and easy accessibility to consumers in these stores.


Regional Analysis:


To gain extensive insights into the market, Request for Customization


North America and Europe are expected to witness the promising growth of the food spreads market. The development of healthy food spreads by manufacturing companies is expected to fuel the growth of the market in these regions owing to the increasing trend of consumption of clean label products. For instance, In June 2016, Conagra Brands, Inc. discontinued the use of partially hydrogenated oils in all of its spreads. Asia Pacific is expected to witness the promising growth of food spreads market due to discretionary spending patterns in developing countries.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Honey

  • Fruit-based spreads

  • Chocolate-based spreads

  • Nut-based spreads

  • Others



By Distribution Channel




  • Hypermarkets/Supermarkets

  • Convenience Stores

  • Specialty Retail Stores

  • Online Retail Stores

  • Food Service

  • Others



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of MEA)



Key Industry Developments



  • In September 2019, Conagra Brands, Inc. launched plant-based oils spreads under the brand, Earth Balance. These pressed oils spreads are vegan, lactose-free and non-GMO.

  • In July 2018, Lindt chocolate launched its Hazelnut cream spreads in UK as a competition to Nutella hazelnut spreads.


Food Spreads Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Fresenius
Kpmg
Nissin
Health Canada
RMIT

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X