A recent report published by Infinium Global Research on sweet
and savory spreads market provides in-depth analysis of segments and
sub-segments in global as well as regional sweet and savory spreads market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional sweet and savory spreads market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global sweet and savory spreads market. According
to the report the global sweet and savory spreads market is projected to grow at a
CAGR of 4.95% over the forecast period of 2018-2024.
Sweet and Savory Spread are natural
and man-made food substance that is used onto foodstuffs especially on bakery
foods such as breads, crackers and so on. Spreads enhance taste, color as well
as texture the foodstuffs. Spreads are mostly available in bottled and canned
packages. Squeeze containers are becoming popular as they are flexible while
using. Few sources of spreads include fruits, nuts, dairy, and yeast and many
others, of which fruit preserves especially jam is highly consumed across the
world.
Sweet & savory
spreads market is growing due to the changing lifestyle of middle-class
people, and breakfast patterns. In addition, increasing demand for processed &
packaged food, rising middle-class income level and availability of diverse
spreads in retail stores are also responsible for driving the growth in the
sweet & savory spreads market. However, some sweets and savory products
contain food preservatives, such as sulfur dioxide and sodium benzoate that
results in side effects among consumers. Thus, rising concern for healthy food products
among consumers hinders market growth. Increasing purchasing power among
youth in developing countries and increase the adoption of organic and honey-based
spreads to help to grow sweet and savory spreads in the near future. Also, growing
organized retail stores prominently in developing countries helps in impulse
purchasing among customers, which in turn can help to increase the spreads
sale.
North America accounted for 39.80 % market share in 2017 and is expected to dominate throughout the forecast
period. The U.S drives the North America region owing to consumption of spreads in
their breakfast. The Asia-Pacific market is growing consistently in recent
years and this trend is projected to remain consistent for the forecast
period owing to inclination towards the consumption of bakery and snack
items.
The report on global sweet and savory spreads market covers
segments such as, product types and distribution channel. On the basis of product types the global
sweet and savory spreads market is categorized into honey and honey based
spreads, chocolate spreads, jams and preserves, nut based spreads, butter and
margerine and other spreads. On the basis of distribution channel the global
sweet and savory spreads market is categorized into supermarkets/hypermarkets,
convenience stores, service stations, dollar stores, department stores, online
and other distribution channels.
The report provides regional analysis covering geographies such
as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period
of 2016-2024. The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global
sweet and savory spreads market such as Monteagle Group, ATLANTIC GRUPA D.D.,
Pioneer Foods, Uniliver Group, Dr. Oetker, HERSHEY'S, Nestle, Glanbia
Consumer Foods, Kraft Foods, and Ferrero Group.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights on the factors that are driving and restraining the global sweet and
savory spreads market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of sweet and
savory spreads market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
sweet and savory spreads market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the sweet and savory spreads
market to understand the present and future trends in this market and formulate
their strategies accordingly.
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