Jams and Preserves Market Scope
The demand for packaged food products has been robustly increased due to the increasingly hectic and busy lifestyles. in addition to this, adoption of distinct flavors will further generate opportunities on jams and preserves. Jams and preserves can be manufactured for vegetables, fruits, and sugar additives and other preservatives which are often packaged in the glass bottles. Moreover, the inclusion of natural and distinct flavors will create numerous opportunities across the globe. However, the availability of fresh food substitutes might hamper business growth.
The market study is being classified by Type (Jam, Jelly and Preserve) and major geographies with country level break-up. According to AMA, the Global Jams and Preserves market is expected to see growth rate of 3.12% and may see market size of USD9.54 Million by 2024.
Research Analyst at AMA predicts that European and United States Vendors will contribute to the maximum growth of Global Jams and Preserves market throughout the predicted period.
B&G Foods (United States), Baxter & Sons (Australia), Odenwald-Fruchte GmbH (Germany), Centura Foods Ltd. (United Kingdom), ConAgra Foods Inc. (United States), F Duerr & Sons Ltd (United Kingdom), Ferrero SpA/Alba (Italy), Histon Sweet Spreads Limited (Hartley's) (United Kingdom), Hershey Company (United States) and J.M. Smucker Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kewpie (Japan), Kraft Foods (United States), Murphy Orchards (United States), National Grape Cooperative Association, Inc. (United States), Nestle S.A. (Switzerland), Orkla Group (Norway) and Premier Foods plc (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Jams and Preserves market by Type, Application and Region.
On the basis of geography, the market of Jams and Preserves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredient, the sub-segment i.e. Fruits will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Strawberry will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 15th May 2019, a leading jam & preservative manufacturer, 'B&G Foods, Inc.' has acquired a global baking product manufacturer, 'Clabber Girl Corporation'. B&G Foods has expected the acquisition to be immediately accretive to earnings per share and free cash flow and projects that the acquired business has generated approximately 70-75 USD million of net sales on an annualized basis.
"Fruit preserves (or jams) means preserves or jams as defined in the definitions and standards of identity for preserves, jams (21 CFR 150.160) issued pursuant to the Federal Food, Drug, and Cosmetic Act. The solids content of the finished fruit preserves or jams shall be not less than 65 degrees Brix." In addition to this, labeling and composition of these products are controlled by Jam and Similar Products (England) Regulations 2003.
- Increasing Adoption of Organic Preservatives in Jelly's and Jams
- Upsurging Demand for Distinct Flavors of Untraditional Fruits and Organic Products
- Jams and Preserves posses comparatively more Shelf Life than over Food Products
- Increasing Demand for Packaged and Ready to Eat Food
- Increasing Hectic and Busy Lifestyles favoring Adoption of Ready to Eat Food Products
- Adoption of Innovative and Highly Automated Manufacturing Processes
- Availability of Numerous Fresh Food Product Substitutes
- Continuously Changing Consumer Preferences leading to Increased Supply Demand Volatility
- Stringent Government Regulations in Manufacturing Packaged Food Products
- Increasing Raw Material Cost as well as Distribution Overheads
Key Target AudienceRaw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Industry Investors/Investment Bankers, Education & Research Institutes, Research Professionals, Emerging Companies and Manufacturers
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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