Infinium Global Research has added a new report on Sweet and Savory Spreads Market. The report presents an analysis of global as well as regional markets of sweet and savory spreads market over the period of 2016 to 2024. 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 sulphur dioxide and sodium benzoate that results in side effects among consumers. Thus, a rising concern for healthy food products among consumers hinders the market growth. Increasing purchasing power among youth in developing countries and increase adoption of organic and honey based spreads to help to grow sweet and savory spreads in 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 39.45 % market share in 2017 and is expected to dominate the 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 the inclination towards the consumption of bakery and snack items.
Key developments- Pioneer Foods acquired full ownership of Heinz Foods SA. Pioneer Foods’s CEO, told that by acquisition of Heinz Foods SA, company will grow by including additional range of number one or two brands in its respective categories.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future; this will not only help the companies to understand the competitive position in the global sweet and savory spreads market but also make strategic decisions to capture the most lucrative markets in the near future.
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https://www.infiniumglobalresearch.com/food-beverage/global-sweet-and-savory-spreads-market
The recent report identified that Asia-Pacific dominated the global sweet and savory spreads market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the sweet and savory spreads market worldwide.
The report segments the global sweet and savory spreads market on the basis of Product types and Distribution Channel.
Global Sweet and Savory Spreads Market by Product Types
· Honey and Honey Based Spreads
· Chocolate Spreads
· Jams and Preserves
· Nut Based Spreads
· Butter and Margerine
· Other Spreads
Global Sweet and Savory Spreads Market by Distribution Channel
· Supermarkets/Hypermarkets
· Convenience Stores
· Service Stations
· Dollar Stores
· Department Stores
· Online
· Other Distribution Channels
Companies Profiled in the Report
· Monteagle Group
· ATLANTIC GRUPA D.D.
· Pioneer Foods
· Uniliver Group
· Dr. Oetker
· HERSHEY'S
· Nestle
· Glanbia Consumer Foods
· Kraft Foods
· Ferrero Group
About Infinium Global Research
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