Embedded Files
The latest report by IMARC Group, titled “Food Spread Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the food spread market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global food spread market size reached USD 32.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 45.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Request Free Sample Report: https://www.imarcgroup.com/food-spread-market/requestsample
Food Spread Market Trends:
The global market is primarily driven by the increasing consumer demand for convenience foods and ready-to-eat products, as spreads offer easy meal preparation solutions. In line with this, the rising popularity of healthier, plant-based alternatives, such as nut butters and vegan spreads, is also propelling market growth. Similarly, the growing awareness of organic and natural ingredients is influencing consumer preferences for premium food spreads and impelling the market expansion.
Furthermore, the rapid expansion of the breakfast segment, particularly in urban areas, is fueling the demand for spreads such as jams, honey, and peanut butter, thereby providing an impetus to the market. Moreover, the emerging global trend of snacking between meals is driving the higher consumption of the product. Besides this, ongoing innovations in flavor combinations and packaging are enhancing product appeal.
Food Spread Market Scope and Growth Analysis:
The scope of the market is broadening with the diversification of product offerings and increasing demand across various consumer segments. Market analysis reveals that the industry is expanding rapidly, particularly in emerging economies where rising disposable income and urbanization are contributing to higher consumption of convenience and premium products. The market scope is also seeing growth in the health-conscious segment, where low-sugar, high-protein, and fortified spreads are gaining traction.
In addition to this, ongoing globalization of food culture and the influence of Western diets are introducing spreads into new regions, driving demand in non-traditional markets. Moreover, expansion in e-commerce platforms is playing a significant role in expanding the availability of food spreads, offering consumers a wider range of products and brands. Apart from this, brands are forming strategic partnerships with chefs, food influencers, and health experts to create co-branded products and gain credibility in the market.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/food-spread-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Andros Group
B&G Foods Inc.
Chocoladefabriken Lindt & Sprüngli AG
Conagra Foods Inc.
Ferrero SpA
Hormel Foods Corporation
Land O' Lakes Inc.
Nestlé S.A.
Sioux Honey Association Co-op
The Hain Celestial Group Inc.
The Hershey Company
The J.M. Smucker Company
The Kraft Heinz Company
Food Spread Market Segmentation:
Our report has categorized the market based on region, product type and distribution channel.
Product Type Insights:
Honey
Chocolate-based Spreads
Nut and Seed-based Spreads
Fruit-based Spreads
Others
Distribution Channel Insights:
Hypermarkets and Supermarkets
Convenience Stores
Online Retail Stores
Food Service
Others
According to the report, convenience stores accounted for the largest market share.
Regional Insights:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Spain, Russia, others)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
Middle East/Africa
Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Page updated
Google Sites
Report abuse