Sweet Spread Market by Product Type (Chocolate Spread, Jam Jelly & Preserves, Nut Butter and Others), Packaging (Glass and Plastic), and Distribution Channel (Supermarket & Hypermarket, Grocery & Convenience Store, Online Retail and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. The global sweet spread market size was valued at $1,205.0 million in 2020, and is projected to reach $1,647.1 million by 2030, registering a CAGR of 3.2%. Europe was the highest revenue contributor, accounting for $507.3 million in 2020, with a CAGR of 2.7% in the sweet spread market.
The rise in health consciousness among consumers has increased exponentially. There is an ongoing shift in the dietary habits among consumers, wherein they are increasing opting for heathier plant-based alternatives. Hence, the food industry players are responding by developing a wide range of healthy alternatives, such as seed-based and nut-based sweet spreads prepared using plant-based ingredients.
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Amidst the outbreak of COVID-19 pandemic, there was an increase in the demand for sweet spread products among consumer. This is attributed to the fact that consumers have been looking forward to simplifying their routines and hence shifting to products that can provide them multidimensional support. Therefore, during the pandemic, consumers were more concerned regarding their health & immunity and were actively looking for ways to maintain wellness. Sweet spread products contain iron, magnesium and is also a source of protein, which has enabled the product to gain a major demand during the pandemic. Although the out-of-house consumption of food & beverages witnessed a standstill, the at-home consumption of food has significantly increased; thereby, observing a significant share in the global food & beverages market.
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According to the sweet spread market analysis, the market comprises of product type, packaging, distribution channel, and region. Depending on product type, the market is categorized into chocolate spread, jam jelly & preserves, nut butter and others. By packaging, it is bifurcated into glass and plastic. According to distribution channel, it is classified into supermarket & hypermarket, grocery & convenience store, online retail and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Region wise, Europe was the prominent region in 2020 due to tremendous popularity and substantial consumption of sweet spreads in the region. In addition, this region is one of the largest producers and consumers of sweet spread and its products. Consumption of spreads in countries like Germany, France and U.K. is very high as compared to other countries of the world.
The key players profiled in sweet spread market include ConAgra Foods Inc., Duerr& Sons, Pioneer Foods, Unilever Group, Ferrero Group, Mondelez International, Dabur India Limited, Hormel Foods, Andros, and HERSHEY’S.
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Table Of Content:
CHAPTER 1:INTRODUCTION
1.1.Key benefits for stakeholders
1.2.Key market segments
1.3.Research methodology
1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Value chain analysis
3.4.Porter’s five forces analysis
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Growth in demand for meal replacement food products
3.5.1.2.Increase in adoption of vegan diets
3.5.1.3.Rising demand for clean-label convenience food……continue
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