What is Sweet & Savory Spreads Market Scope?
Spread is a food additive that is applied to baked goods such as bread, crackers, and other baked goods. Spreads enhance the flavour, colour, and texture of foods. Sweet and savoury spread sales are closely linked to the consumption of bakery foods in a given region. The consumer's choice of spread is influenced by the food being consumed, the desired taste profile, and other criteria such as sugar content, naturalness, and the spread's source, among others. Spreads are typically sold in bottled or canned form. Squeeze containers are becoming increasingly popular because of their versatility. Fruits, nuts, dairy, yeast, and other foods are common sources of spreads, with fruit preserves, particularly jam, being particularly popular across the globe.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Ferroro Group (Italy), The J.M. Smucker Company (United States), Arcor Group (Argentina), Colombina S.A (Colombia), Gloria S.A (Peru), Kraft Foods (United States), Nestle SA (Switzerland), Premier Foods (United Kingdom), Lotte Confectionery Co. Ltd. (South Korea) and Unilever Group (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Sweet & Savory Spreads market study is being classified by Type (Organic and Conventional) and major geographies with country level break-up. According to AMA, the Global Sweet & Savory Spreads market is expected to see growth rate of 4.65% and may see market size of USD18.1 Billion by 2027.
The companies are operating in this market are expanding their footprints in new geographic regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches, and others. With the growing opportunities in the market because of the high adoption of fast food. With the changing lifestyle and increase in market demographics. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Sweet & Savory Spreads market throughout the predicted period.
Ferroro Group (Italy), The J.M. Smucker Company (United States), Arcor Group (Argentina), Colombina S.A (Colombia), Gloria S.A (Peru), Kraft Foods (United States), Nestle SA (Switzerland), Premier Foods (United Kingdom), Lotte Confectionery Co. Ltd. (South Korea) and Unilever Group (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Dabur India Limited (India), Good Food Group (United States) and B & G Foods (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sweet & Savory Spreads market by Type, Application and Region.
On the basis of geography, the market of Sweet & Savory Spreads 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).
Market Influencers and their development strategies
In November 2021- Mondelez International, based in Chicago, acquired AVI Ltd. companies Snackworks division. AVI’s Snackworks division offers a wide variety of sweet and savory biscuits, and baked and fried snacks under the Bakers, Baumann’s, Pyotts, Provita, Baker Street Snacks, and Willard's brands.
In April 2022- Challenge Butter, a leading U.S. farmer-owned butter brand, announced the launch of Challenge Butter Snack Spreads. These new spreads make consumers’ favorite sweet and savory flavor profiles, ranging from Chocolate and Salted Caramel to Everything and Buffalo, available in a Challenge Butter-based spread.
The United States Food and Drug Administration is assuring that foods sold in the United States are safe, wholesome, and properly labeled. The Federal Food, Drug, and Cosmetic Act and the Fair Packaging and Labelling Act are the Federal laws governing food products under FDA's jurisdiction.
Influencing Market Trend
- Increase in Market Competencies, Along with Increasing Number of New Market Entrants
- The Rise in Investment in Research and Development
Market Drivers
- High Demand for Sweet & Savoury Spreads from North America Region
- Growing Requirement from Food & Beverage Industries
Opportunities
- Mounting Adoption of English Breakfast That Includes Sweet Spreads Across the Globe
- The Rise in Disposable Income
- Development in New Packaging Techniques
Restraints
- Fluctuation in the Prices of Raw Materials Including Cocoa, Sugar, and Fruits
- The Slowdown in Economy Because of Coronavirus Pandemic
Challenges
- Increase in the Presence of Substitutes Product in Market Such as Cereals
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Sweet & Savory Spreads Providers, Government Regulatory and Research Organizations and End-Use Industries
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.