Food Spread Market Scope
A Food Spread is an additive on food dishes, which helps in enhancing the taste, texture or the flavor of the food. There are different types of food spreads which are widely used such as jams, jellies, fruit, and nut-based spreads, honey, syrups, and chocolate-based spreads. The United States is one of the largest consumers of sweet spreads as they prefer the traditional breakfast. The wide range of public that is interested in eating food spreads in breakfast is driving the market.
The market study is being classified by Type (Honey, Nut and seed-based spreads, Fruit-based spreads and Chocolate based spreads), by Application (Home use and Restaurant) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Food Spread market throughout the predicted period.
J.M. Smucker (United States), Kraft Foods (United States), Unilever (United Kingdom), Conagra Brands (United States), Sioux Honey (United States), National Grape Co-Operative (United States), B & G Foods (United States), Ferrero (Italy) and Hershey (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Freedom Foods (Australia) and Nestle (Switzerland).
AdvanceMarketAnalytics has segmented the market of Global Food Spread market by Type, Application and Region.
On the basis of geography, the market of Food Spread 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 Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Food Spread market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 9th April 2019, Marico launches a new range of vegan gourmet products under the name Coco Soul. These products contain Coconut spreads, Coconut chips and 100% organic coconut sugar which are all made using coconut.
- Adoption of Low-Calorie Spreads
- Rising Launch of New Innovative Flavors, Such As Figs, Ginger, and Exotic Fruits
- High Demand for Food Spreads From North America
- Rising Demand in Food & Beverage Industries
- Growing Acceptance of English Breakfast that Includes Sweet Spreads World Widely
- Increasing Disposable Income Has also Resulted in Consumerís Preferences for These Products
- Consumer Shift from Traditional Meal-To-Snack Foods
- High Cost of Raw Materials Such As Cocoa, Sugar, and Fruits
- Availability of Different Substitutes Present in Market Such as Cereals
- Issue Related to the Counterfeit Products
Key Target AudienceFood Spread Manufactures, Food Spread Distributors, Potential Investors, Up and Down Stream Vendors, End-Users and Others
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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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