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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