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Sweet Spread Market By Packaging, By Product Type, By Distribution Channel, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027

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    Report

  • 200 Pages
  • January 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5553213
The Global Sweet Spread Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 3.5% CAGR during the forecast period.

Spread is a term used for food with the spreadable property. Such foods are usually spread by a knife on other edibles like bread & others. Sweet spreads are available in many forms such as marmalades, jellies, jams, chocolate spreads, nut-based spreads, and many others. This kind of spread is consumed widely as a daily diet across the world. 

The demand for a vegan diet is growing continuously due to the rising concern of consumers toward rising health issues as well as because of various environmental & ethical reasons. Dairy alternative sweet spreads which are produced from plant-based ingredients are gaining immense popularity among many consumers. Consumers are rising demand for food products that provide them with particular benefits like protein supplement, energy booster.

Sweet spreads can be natural as well as man-made. These are generally used as toppings for other edibles like bread, crackers, and other food products. These products are usually found in the bottled and tinned form. These spreads are used in other food items mainly to enhance the taste, flavour, texture and colour of the dish. Sweet spreads are gaining immense popularity mainly for a healthy and quick breakfast option.



COVID-19 Impact Analysis


The widespread COVID-19 pandemic has affected all industries. Various restrictions imposed to curb the effect of COVID-19 resulted in disruption of supply chains, lesser production due to shortage of workforce and raw material. Also, the demand for various products declined due to declined income and unemployment, especially during the second quarter of 2020.

Whereas, the sweet spread market has recorded high demand for sweet spread products during the pandemic period. This is because the customers preferred to have a simplified routine and shifted toward the consumption of products that may save their time spent on cooking, particularly during the pandemic. Various sweet spreads contain magnesium, iron, and a good amount of protein which has resulted in high demand for them over and after the pandemic period.

Market Growth Factors:


Growing Demand for Organic Food Product:

The demand for sweet spread food products is rising continuously mainly among the vegan people. Consumers are demanding edibles with natural ingredients. Traditional flavors are gaining immense popularity among consumers due to their unique taste and the benefits of organic ingredients. In addition, rising awareness among the consumers regarding the nutritious value of these products is also fuelling the demand for sweet spreads food items.

Rising health awareness

With the continuous rise in health issues, health awareness is also increasing among the people. Consumers are shifting towards the consumption of healthy food, mainly premium, exotic products which are expected to rise the demand for various nutritious rich food products. In addition, the consumers are demanding the high-quality diet which has various health benefits along with great taste. This is resulting in a considerable change in the diet preferences of consumers and a shift from unhealthy to healthy food.

Marketing Restraining Factor:


High Production Cost

Most of the spread food items are made by using natural ingredients such as cocoa powder, peanut, almonds, and other premium products. The demand for these ingredients is continuously growing among all age groups across the world. Though, the prices of raw materials such as fruits, almonds sugar and essential ingredients keep on fluctuating. Most of the time the hike in prices result in high production cost and high market retail price which makes such spreads unaffordable for middle-class consumers.



Packaging Outlook


Based on packaging, the sweet spread market is fragmented into glass and plastic. In 2020, the glass segment dominated the sweet spread market with maximum revenue share. The consumers' preference towards the glass packaging as a non-toxic, reusable and premium material has resulted in high demand of sweet spread products with glass packaging.

Product Type


On the basis of product type, the sweet spread market is segmented into chocolate spread jam, jelly & preserve and nut-spread. The chocolate spreads segment witnessed significant revenue share in the sweet spread market in 2020. The high demand of the chocolate spread is because the uses of it in making various bakery products like cakes, muffins, etc. Also, the chocolate spreads are widely consumed with breads as a delicious as well as healthy breakfast option.

Distribution Channel Outlook


By distribution channel, the sweet spread market is divided into supermarket/ hypermarket, grocery & convenience store and online retail. The grocery & convenience store segment accounted for significant revenue share in the sweet spread market in 2020. The sweet spread products are easily available in the grocery stores with the wide range of brands and prices that enables consumers to choose the most suitable one for them. The wide range offered by these stores attracts the consumers resulting in growth of the segment as well as the sweet spread market.

Regional Outlook


Region wise, the sweet spread market is analysed in North America, Europe, Asia Pacific, and LAMEA. In 2020, the Europe region emerged as the leading region in the overall sweet spread market by collecting the maximum revenue share. This is because the European region is among the largest producer of sweet spread products. Also, the countries such as Germany, France and the United Kingdom consume the spread in large quantities. These spreads are also widely used in bakery products and various desserts which is responsible for the high demand for such products in the European region.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Andros Group, Premium Vegetable Oils Sdn Bhd, Conagra Brands, Inc., PepsiCo, Inc. (Pioneer Foods), Ferrero Group, Unilever PLC, Hormel Foods Corporation, Dabur India Ltd., Mondelez International, Inc., and The Hershey Company (Hershey Trust Company).

Recent Strategy Deployed in Sweet Spread Market

  • Jan-2022: Mondelēz International took over Chipita Global, a company demonstrating high growth potential in the central and eastern European croissants and baked snacks category. Through this acquisition, the company is expected to bolster its vision, and aimed to expedite growth in core snacking adjacencies, and simultaneously increase its reach in major markets.
  • Sep-2021: Ferrero India, a division of Ferrero Group, one of the world’s leading manufacturers of chocolate and confectionery products, introduced Kinder Creamy, an affordable mini snack for kids. Through this launch, the company is expected to enter into the snacking segment and is expected to strengthen its position in India's sweet packaged foods segment.
  • Jul-2021: Dabur rolled out Dabur Honey Tasties, a honey-infused sweet, healthy, and No Added Sugar take on the classic sugary Chocolate and Strawberry syrups. Through this launch, the company expanded its most reliable Healthcare brand Dabur Honey. The new Dabur Honey Tasties are powered by honey's sweetness and nutrition, are enhanced with Vitamin D, and include no added sugar, allowing consumers to enjoy the rich, tempting chocolate and strawberry flavors without compromising their health. It boosts energy and is high in vitamins, antioxidants, and minerals, all of which assist to increase immunity.
  • Oct-2020: Hindustan Unilever introduced peanut butter to its Kissan food and refreshment line (F&R) products. Through this launch, the company expanded its offerings of sweet spreads, including jams, marmalades, sugar, nut-based spreads, and others. Moreover, the company aimed to align with the mothers, especially from South India where mothers are searching for nutritive and convenient food solutions for their children.

Scope of the Study


Market Segments Covered in the Report:


By Packaging

  • Glass
  • Plastic

By Product Type

  • Jam, Jelly & Preserve
  • Chocolate spread
  • Nut-spread
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Grocery & Convenience store
  • Online Sales Channel
  • Others

By Geography


  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Andros Group
  • Premium Vegetable Oils Sdn Bhd
  • Conagra Brands, Inc.
  • PepsiCo, Inc. (Pioneer Foods)
  • Ferrero Group
  • Unilever PLC
  • Hormel Foods Corporation
  • Dabur India Ltd.
  • Mondelez International, Inc.
  • The Hershey Company (Hershey Trust Company)

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Sweet Spread Market, by Packaging
1.4.2 Global Sweet Spread Market, by Product Type
1.4.3 Global Sweet Spread Market, by Distribution Channel
1.4.4 Global Sweet Spread Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Sweet Spread Market by Packaging
3.1 Global Glass Market by Region
3.2 Global Plastic Market by Region
Chapter 4. Global Sweet Spread Market by Product Type
4.1 Global Jam, Jelly & Preserve Market by Region
4.2 Global Chocolate spread Market by Region
4.3 Global Nut-spread Market by Region
4.4 Global Other Product Type Market by Region
Chapter 5. Global Sweet Spread Market by Distribution Channel
5.1 Global Supermarket/Hypermarket Market by Region
5.2 Global Grocery & Convenience store Market by Region
5.3 Global Online Sales Channel Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Sweet Spread Market by Region
6.1 North America Sweet Spread Market
6.1.1 North America Sweet Spread Market by Packaging
6.1.1.1 North America Glass Market by Country
6.1.1.2 North America Plastic Market by Country
6.1.2 North America Sweet Spread Market by Product Type
6.1.2.1 North America Jam, Jelly & Preserve Market by Country
6.1.2.2 North America Chocolate spread Market by Country
6.1.2.3 North America Nut-spread Market by Country
6.1.2.4 North America Other Product Type Market by Country
6.1.3 North America Sweet Spread Market by Distribution Channel
6.1.3.1 North America Supermarket/Hypermarket Market by Country
6.1.3.2 North America Grocery & Convenience store Market by Country
6.1.3.3 North America Online Sales Channel Market by Country
6.1.3.4 North America Others Market by Country
6.1.4 North America Sweet Spread Market by Country
6.1.4.1 US Sweet Spread Market
6.1.4.1.1 US Sweet Spread Market by Packaging
6.1.4.1.2 US Sweet Spread Market by Product Type
6.1.4.1.3 US Sweet Spread Market by Distribution Channel
6.1.4.2 Canada Sweet Spread Market
6.1.4.2.1 Canada Sweet Spread Market by Packaging
6.1.4.2.2 Canada Sweet Spread Market by Product Type
6.1.4.2.3 Canada Sweet Spread Market by Distribution Channel
6.1.4.3 Mexico Sweet Spread Market
6.1.4.3.1 Mexico Sweet Spread Market by Packaging
6.1.4.3.2 Mexico Sweet Spread Market by Product Type
6.1.4.3.3 Mexico Sweet Spread Market by Distribution Channel
6.1.4.4 Rest of North America Sweet Spread Market
6.1.4.4.1 Rest of North America Sweet Spread Market by Packaging
6.1.4.4.2 Rest of North America Sweet Spread Market by Product Type
6.1.4.4.3 Rest of North America Sweet Spread Market by Distribution Channel
6.2 Europe Sweet Spread Market
6.2.1 Europe Sweet Spread Market by Packaging
6.2.1.1 Europe Glass Market by Country
6.2.1.2 Europe Plastic Market by Country
6.2.2 Europe Sweet Spread Market by Product Type
6.2.2.1 Europe Jam, Jelly & Preserve Market by Country
6.2.2.2 Europe Chocolate spread Market by Country
6.2.2.3 Europe Nut-spread Market by Country
6.2.2.4 Europe Other Product Type Market by Country
6.2.3 Europe Sweet Spread Market by Distribution Channel
6.2.3.1 Europe Supermarket/Hypermarket Market by Country
6.2.3.2 Europe Grocery & Convenience store Market by Country
6.2.3.3 Europe Online Sales Channel Market by Country
6.2.3.4 Europe Others Market by Country
6.2.4 Europe Sweet Spread Market by Country
6.2.4.1 Germany Sweet Spread Market
6.2.4.1.1 Germany Sweet Spread Market by Packaging
6.2.4.1.2 Germany Sweet Spread Market by Product Type
6.2.4.1.3 Germany Sweet Spread Market by Distribution Channel
6.2.4.2 UK Sweet Spread Market
6.2.4.2.1 UK Sweet Spread Market by Packaging
6.2.4.2.2 UK Sweet Spread Market by Product Type
6.2.4.2.3 UK Sweet Spread Market by Distribution Channel
6.2.4.3 France Sweet Spread Market
6.2.4.3.1 France Sweet Spread Market by Packaging
6.2.4.3.2 France Sweet Spread Market by Product Type
6.2.4.3.3 France Sweet Spread Market by Distribution Channel
6.2.4.4 Russia Sweet Spread Market
6.2.4.4.1 Russia Sweet Spread Market by Packaging
6.2.4.4.2 Russia Sweet Spread Market by Product Type
6.2.4.4.3 Russia Sweet Spread Market by Distribution Channel
6.2.4.5 Spain Sweet Spread Market
6.2.4.5.1 Spain Sweet Spread Market by Packaging
6.2.4.5.2 Spain Sweet Spread Market by Product Type
6.2.4.5.3 Spain Sweet Spread Market by Distribution Channel
6.2.4.6 Italy Sweet Spread Market
6.2.4.6.1 Italy Sweet Spread Market by Packaging
6.2.4.6.2 Italy Sweet Spread Market by Product Type
6.2.4.6.3 Italy Sweet Spread Market by Distribution Channel
6.2.4.7 Rest of Europe Sweet Spread Market
6.2.4.7.1 Rest of Europe Sweet Spread Market by Packaging
6.2.4.7.2 Rest of Europe Sweet Spread Market by Product Type
6.2.4.7.3 Rest of Europe Sweet Spread Market by Distribution Channel
6.3 Asia Pacific Sweet Spread Market
6.3.1 Asia Pacific Sweet Spread Market by Packaging
6.3.1.1 Asia Pacific Glass Market by Country
6.3.1.2 Asia Pacific Plastic Market by Country
6.3.2 Asia Pacific Sweet Spread Market by Product Type
6.3.2.1 Asia Pacific Jam, Jelly & Preserve Market by Country
6.3.2.2 Asia Pacific Chocolate spread Market by Country
6.3.2.3 Asia Pacific Nut-spread Market by Country
6.3.2.4 Asia Pacific Other Product Type Market by Country
6.3.3 Asia Pacific Sweet Spread Market by Distribution Channel
6.3.3.1 Asia Pacific Supermarket/Hypermarket Market by Country
6.3.3.2 Asia Pacific Grocery & Convenience store Market by Country
6.3.3.3 Asia Pacific Online Sales Channel Market by Country
6.3.3.4 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Sweet Spread Market by Country
6.3.4.1 China Sweet Spread Market
6.3.4.1.1 China Sweet Spread Market by Packaging
6.3.4.1.2 China Sweet Spread Market by Product Type
6.3.4.1.3 China Sweet Spread Market by Distribution Channel
6.3.4.2 Japan Sweet Spread Market
6.3.4.2.1 Japan Sweet Spread Market by Packaging
6.3.4.2.2 Japan Sweet Spread Market by Product Type
6.3.4.2.3 Japan Sweet Spread Market by Distribution Channel
6.3.4.3 India Sweet Spread Market
6.3.4.3.1 India Sweet Spread Market by Packaging
6.3.4.3.2 India Sweet Spread Market by Product Type
6.3.4.3.3 India Sweet Spread Market by Distribution Channel
6.3.4.4 South Korea Sweet Spread Market
6.3.4.4.1 South Korea Sweet Spread Market by Packaging
6.3.4.4.2 South Korea Sweet Spread Market by Product Type
6.3.4.4.3 South Korea Sweet Spread Market by Distribution Channel
6.3.4.5 Singapore Sweet Spread Market
6.3.4.5.1 Singapore Sweet Spread Market by Packaging
6.3.4.5.2 Singapore Sweet Spread Market by Product Type
6.3.4.5.3 Singapore Sweet Spread Market by Distribution Channel
6.3.4.6 Malaysia Sweet Spread Market
6.3.4.6.1 Malaysia Sweet Spread Market by Packaging
6.3.4.6.2 Malaysia Sweet Spread Market by Product Type
6.3.4.6.3 Malaysia Sweet Spread Market by Distribution Channel
6.3.4.7 Rest of Asia Pacific Sweet Spread Market
6.3.4.7.1 Rest of Asia Pacific Sweet Spread Market by Packaging
6.3.4.7.2 Rest of Asia Pacific Sweet Spread Market by Product Type
6.3.4.7.3 Rest of Asia Pacific Sweet Spread Market by Distribution Channel
6.4 LAMEA Sweet Spread Market
6.4.1 LAMEA Sweet Spread Market by Packaging
6.4.1.1 LAMEA Glass Market by Country
6.4.1.2 LAMEA Plastic Market by Country
6.4.2 LAMEA Sweet Spread Market by Product Type
6.4.2.1 LAMEA Jam, Jelly & Preserve Market by Country
6.4.2.2 LAMEA Chocolate spread Market by Country
6.4.2.3 LAMEA Nut-spread Market by Country
6.4.2.4 LAMEA Other Product Type Market by Country
6.4.3 LAMEA Sweet Spread Market by Distribution Channel
6.4.3.1 LAMEA Supermarket/Hypermarket Market by Country
6.4.3.2 LAMEA Grocery & Convenience store Market by Country
6.4.3.3 LAMEA Online Sales Channel Market by Country
6.4.3.4 LAMEA Others Market by Country
6.4.4 LAMEA Sweet Spread Market by Country
6.4.4.1 Brazil Sweet Spread Market
6.4.4.1.1 Brazil Sweet Spread Market by Packaging
6.4.4.1.2 Brazil Sweet Spread Market by Product Type
6.4.4.1.3 Brazil Sweet Spread Market by Distribution Channel
6.4.4.2 Argentina Sweet Spread Market
6.4.4.2.1 Argentina Sweet Spread Market by Packaging
6.4.4.2.2 Argentina Sweet Spread Market by Product Type
6.4.4.2.3 Argentina Sweet Spread Market by Distribution Channel
6.4.4.3 UAE Sweet Spread Market
6.4.4.3.1 UAE Sweet Spread Market by Packaging
6.4.4.3.2 UAE Sweet Spread Market by Product Type
6.4.4.3.3 UAE Sweet Spread Market by Distribution Channel
6.4.4.4 Saudi Arabia Sweet Spread Market
6.4.4.4.1 Saudi Arabia Sweet Spread Market by Packaging
6.4.4.4.2 Saudi Arabia Sweet Spread Market by Product Type
6.4.4.4.3 Saudi Arabia Sweet Spread Market by Distribution Channel
6.4.4.5 South Africa Sweet Spread Market
6.4.4.5.1 South Africa Sweet Spread Market by Packaging
6.4.4.5.2 South Africa Sweet Spread Market by Product Type
6.4.4.5.3 South Africa Sweet Spread Market by Distribution Channel
6.4.4.6 Nigeria Sweet Spread Market
6.4.4.6.1 Nigeria Sweet Spread Market by Packaging
6.4.4.6.2 Nigeria Sweet Spread Market by Product Type
6.4.4.6.3 Nigeria Sweet Spread Market by Distribution Channel
6.4.4.7 Rest of LAMEA Sweet Spread Market
6.4.4.7.1 Rest of LAMEA Sweet Spread Market by Packaging
6.4.4.7.2 Rest of LAMEA Sweet Spread Market by Product Type
6.4.4.7.3 Rest of LAMEA Sweet Spread Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Andros Group
7.1.1 Company Overview
7.2 Premium Vegetable Oils Sdn Bhd
7.2.1 Company Overview
7.3 Conagra Brands, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research& Development Expense
7.4 PepsiCo, Inc. (Pioneer Foods)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Ferrero Group
7.5.1 Company Overview
7.5.2 Recent Strategies and developments:
7.5.2.1 Product Launches and Product Expansions
7.6 Unilever PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent Strategies and developments:
7.6.5.1 Product Launches and Product Expansions
7.7 Hormel Foods Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Dabur India Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent Strategies and developments:
7.8.5.1 Product Launches and Product Expansions
7.9 Mondelez International, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent Strategies and developments:
7.9.5.1 Acquisitions and Mergers:
7.10. The Hershey Company (Hershey Trust Company)
7.10.1 Company overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expenses

Companies Mentioned

  • Andros Group
  • Premium Vegetable Oils Sdn Bhd
  • Conagra Brands, Inc.
  • PepsiCo, Inc. (Pioneer Foods)
  • Ferrero Group
  • Unilever PLC
  • Hormel Foods Corporation
  • Dabur India Ltd.
  • Mondelez International, Inc.
  • The Hershey Company (Hershey Trust Company)

Methodology

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