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Sweet Spreads Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 144 pages | ID: S9AEBFD3F714EN
IMARC Group

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Market Overview:

The global sweet spreads market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Sweet spreads, such as jams, jellies and nut butter, play an integral role in the everyday diet of individuals. Although sweet spreads traditionally formed a part of western cuisines, they have rapidly gained traction in the untapped markets. They are generally consumed with baked wheat products, including bread, bagels, toasts and doughnuts, as a part of breakfast or snack items. Moderate consumption of sweet spreads assists in managing stress, maintaining weight, reducing the risk of cardiovascular diseases, and providing vitamins, minerals, amino acids and other nutrients. As a result, these spreads find applications in the preparation of dips, cakes, pudding, pancakes, smoothies, ice creams and salad dressings.

Owing to rapid urbanization, sedentary lifestyles and hectic schedules, consumers have shifted toward quick, healthy, convenient and on-the-go meal options. This, in turn, is boosting the overall sales of sweet spreads around the world. In addition to this, the growing prevalence of lifestyle diseases in confluence with the increasing health consciousness among consumers has resulted in the rising demand for low-fat and low-sugar sweet spread variants across the globe. Moreover, a significant part of the consumers seek natural and organic products without any artificial additives or preservatives. Further, as consumers are intrigued by different flavors, manufacturers are financing research and development (R&D) activities to introduce new products. Apart from this, several international brands are customizing their products based on the local tastes, preferences and cultural influences to expand their consumer base.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sweet spreads market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, packaging type and distribution channel.

Breakup by Product Type:

Jams and Preserves
Honey
Chocolate Spreads
Nuts and Seed-Based Spreads
Others

Breakup by Packaging Type:

Glass Packaging
Plastic Packaging
Others

Breakup by Distribution Channel:

Hypermarkets and Supermarkets
Specialist Retail Stores
Convenience Stores
Online Stores
Others

Breakup by Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being J.M. Smucker Company, Kraft Heinz Company, Unilever PLC/NV, Conagra Brands, Inc., Ferrero International S.A., Mondelez International, Inc., Dabur India Limited, Hershey Company, Hormel Foods Corporation, Andros, SNC, etc.

IMARC Group’s latest report provides a deep insight into the global sweet spreads market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the sweet spreads market in any manner.

Key Questions Answered in This Report:
How has the global sweet spreads market performed so far and how will it perform in the coming years?
What are the key regional markets in the global sweet spreads industry?
What has been the impact of COVID-19 on the global sweet spreads industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the global sweet spreads industry?
What are the key driving factors and challenges in the global sweet spreads industry?
What is the structure of the global sweet spreads industry and who are the key players?
What is the degree of competition in the global sweet spreads industry?
What are the profit margins in the global sweet spreads industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL SWEET SPREADS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by Packaging Type
5.6Market Breakup by Distribution Channel
5.7Market Breakup by Region
5.8Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1Jams and Preserves
  6.1.1Market Trends
  6.1.2Market Forecast
6.2Honey
  6.2.1Market Trends
  6.2.2Market Forecast
6.3Chocolate Spreads
  6.3.1Market Trends
  6.3.2Market Forecast
6.4Nuts and Seed-Based Spreads
  6.4.1Market Trends
  6.4.2Market Forecast
6.5Others
  6.5.1Market Trends
  6.5.2Market Forecast

7 MARKET BREAKUP BY PACKAGING TYPE

7.1Glass Packaging
  7.1.1Market Trends
  7.1.2Market Forecast
7.2Plastic Packaging
  7.2.1Market Trends
  7.2.2Market Forecast
7.3Others
  7.3.1Market Trends
  7.3.2Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1Hypermarkets and Supermarkets
  8.1.1Market Trends
  8.1.2Market Forecast
8.2Specialist Retail Stores
  8.2.1Market Trends
  8.2.2Market Forecast
8.3Convenience Stores
  8.3.1Market Trends
  8.3.2Market Forecast
8.4Online Stores
  8.4.1Market Trends
  8.4.2Market Forecast
8.5Others
  8.5.1Market Trends
  8.5.2Market Forecast

9 MARKET BREAKUP BY REGION

9.1Europe
  9.1.1Market Trends
  9.1.2Market Forecast
9.2North America
  9.2.1Market Trends
  9.2.2Market Forecast
9.3Asia Pacific
  9.3.1Market Trends
  9.3.2Market Forecast
9.4Middle East and Africa
  9.4.1Market Trends
  9.4.2Market Forecast
9.5Latin America
  9.5.1Market Trends
  9.5.2Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

13.1Key Price Indicators
13.2Price Structure
13.3Margin Analysis

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1J.M. Smucker Company
  14.3.2Kraft Heinz Company
  14.3.3Unilever PLC/NV
  14.3.4Conagra Brands, Inc.
  14.3.5Ferrero International S.A.
  14.3.6Mondelez International, Inc.
  14.3.7Dabur India Limited
  14.3.8Hershey Company
  14.3.9Hormel Foods Corporation
  14.3.10 Andros, SNC

LIST OF TABLES

Table 1: Global: Sweet Spreads Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sweet Spreads Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Sweet Spreads Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028
Table 4: Global: Sweet Spreads Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Sweet Spreads Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Sweet Spreads Market: Competitive Structure
Table 7: Global: Sweet Spreads Market: Key Players

LIST OF FIGURES

Figure 1: Global: Sweet Spreads Market: Major Drivers and Challenges
Figure 2: Global: Sweet Spreads Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sweet Spreads Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Sweet Spreads Market: Breakup by Packaging Type (in %), 2022
Figure 5: Global: Sweet Spreads Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Sweet Spreads Market: Breakup by Region (in %), 2022
Figure 7: Global: Sweet Spreads Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Sweet Spreads Industry: SWOT Analysis
Figure 9: Global: Sweet Spreads Industry: Value Chain Analysis
Figure 10: Global: Sweet Spreads Industry: Porter’s Five Forces Analysis
Figure 11: Global: Sweet Spreads (Jams and Preserves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Sweet Spreads (Jams and Preserves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Sweet Spreads (Honey) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Sweet Spreads (Honey) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Sweet Spreads (Chocolate Spreads) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Sweet Spreads (Chocolate Spreads) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Sweet Spreads (Nuts and Seed-Based Spreads) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Sweet Spreads (Nuts and Seed-Based Spreads) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Sweet Spreads (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Sweet Spreads (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Sweet Spreads (Glass Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Sweet Spreads (Glass Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Sweet Spreads (Plastic Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Sweet Spreads (Plastic Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Sweet Spreads (Other Packaging Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Sweet Spreads (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Sweet Spreads Market: Sales through Hypermarkets and Supermarkets (in Million US$), 2017 & 2022
Figure 28: Global: Sweet Spreads Market Forecast: Sales through Hypermarkets and Supermarkets (in Million US$), 2023-2028
Figure 29: Global: Sweet Spreads Market: Sales through Specialist Retail Stores (in Million US$), 2017 & 2022
Figure 30: Global: Sweet Spreads Market Forecast: Sales through Specialist Retail Stores (in Million US$), 2023-2028
Figure 31: Global: Sweet Spreads Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
Figure 32: Global: Sweet Spreads Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
Figure 33: Global: Sweet Spreads Market: Sales through Online Stores (in Million US$), 2017 & 2022
Figure 34: Global: Sweet Spreads Market Forecast: Sales through Online Stores (in Million US$), 2023-2028
Figure 35: Global: Sweet Spreads Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 36: Global: Sweet Spreads Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 37: Europe: Sweet Spreads Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Europe: Sweet Spreads Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Sweet Spreads Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Sweet Spreads Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia Pacific: Sweet Spreads Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia Pacific: Sweet Spreads Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Middle East and Africa: Sweet Spreads Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Middle East and Africa: Sweet Spreads Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Latin America: Sweet Spreads Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Latin America: Sweet Spreads Market Forecast: Sales Value (in Million US$), 2023-2028


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