The global spreads market is estimated to be valued at ~US$ 23 Bn by the end of 2019, with a healthy growth projection at 5% CAGR through 2028. The premiumization trend has increased the demand for spreads all across the globe, fueling the consumer perception for high-quality and value-added products that promise improved health benefits. Consumers are willing to pay premium price for products offering obvious health benefits – the only prerequisite being the promise of a unique offering that meets their basic dietary and health needs, along with a sensory indulgence.
Chocolate-based Spreads and Honey Spreads to Gain Traction
- Chocolate spreads are anticipated to witness maximum growth opportunity over the forecast period with a significant CAGR growth. Nutella, offered by Ferrero S.p.A, is one of the most popular chocolate spread brands among consumers.
- Honey’s recognized health halo includes numerous health benefits. Increasing demographics of health- and wellness-conscious consumers are providing strong market prospects for honey spreads over the forecast period.
- Consumers have started embracing nut-based spreads as a healthier alternative to conventional spreads as these are high in protein, provide an instant energy boost, and mainly satisfy their hunger requirements instantly. Besides, consumers are using nut- and seed-based spreads as a healthy ingredient in smoothies, cake toppings, ice-cream toppings, and other breakfast products, which is another factor boosting the demand for the nut-based spreads among consumers.
- Market growth of jams and preserve spreads is likely to be hampered by the rising awareness among consumers regarding the sugar level present in these products. Consumers are more aware and educated about the negative health effects of high sugar consumption and related health risks and diseases such as obesity and diabetes. Prevailing health concerns are expected to remain especially high among millennials and baby boomers, which is anticipated to affect the demand for jams and preserves over the forecast period.
XploreMR has published a new study on the global spreads market, providing forecast of the revenue growth for the period 2019 to 2028. The report enumerates valuable insights to enable readers to make winning business decisions for the future growth of their businesses. The report sheds light on significant factors that are constantly shaping the growth of the spreads market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting the growth of the global spreads market are also incorporated in the report.
The spreads market has been bifurcated on the basis of product type, end use, distribution channel, nature, and region. Each of these segments are analyzed to provide readers a holistic view of the industry.
- Jam & Preserve Spreads
- Nut-based Spreads
- Peanut Butter
- Almond Spreads
- Cashew Spreads
- Walnut Spreads
- Macadamia Spreads
- Chocolate Spreads
- Savory Spreads
- Honey-based Spreads
Global Market Study on Spreads (2019-2028) - Marked Preference for ‘Healthier’ BasesBuy Now
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