Technavio predicts a remarkable surge in the Sweet Spreads Market, with an impressive CAGR of 4.42% anticipated from 2022 to 2027, growth of online retailing to emerge as a key trend

NEW YORK, June 13, 2023 /PRNewswire/ -- 

Market Share Along with Major Challenges and Upcoming Trends

A key driver for the sweet spreads market is the increase in on-the-go consumption. The lifestyles and eating habits of consumers around the world have undergone changes as a result of urbanization. The consumption of processed food items has increased significantly. Spreads are one example of a ready-to-eat food item that is becoming more and more well-liked among consumers because it is quick and easy to prepare and has a consistent flavor. Convenience foods like chocolate and honey spreads are becoming more and more popular. The sweet spreads market is set to progress at an impressive CAGR of 4.42% during 2022 and 2027.

In addition to knowing about the market's growth potential, it's important to address the challenges faced in the sweet spreads market that may impact its growth and hinder profitability in the long run. However, healthy growth is envisaged to continue as the market size is expected to grow by USD 4,184.41 million.

Learn more about the sweet spreads market. Stay informed and seize opportunities – Get our Industry report at your fingertips.

Here are some of the challenges faced in the Sweet Spreads Market :

• Growing popularity of cereals: Breakfast cereals, long a staple of the American diet, are becoming more and more popular in the MEA and APAC. Breakfast cereals are promoted as a unique nutritional option and a substitution for the commonly served meals. Through advertising and social media, more people are now exposed to healthy products, increasing the potential market for cereal brands.
• Volatile prices of raw materials: Due to the growing gap between supply and demand, the price of raw materials has increased significantly in recent years. Any price increase for essential components used in manufacturing, such as sugar, cocoa, and nuts like peanuts, drives up production costs while lowering vendor profit margins. Throughout the forecast period, vendors are anticipated to face difficulties due to the cost of raw materials. 
• Health impacts of sweet spreads: Some of the spreads, such as chocolate spread, contain a lot of sugar. Adding too much sugar to your diet can have a number of negative health effects. Consuming sweetened foods can lead to weight gain, blood sugar problems, and a higher risk of heart disease in addition to other dangerous diseases. Thus, the focus on alternative products like ready-to-eat cereals and oatmeal as a result of consumer awareness of a healthy lifestyle has a negative impact on the growth of the global sweet spreads market during the forecast period.

Here are the highlights on the Trends to overcome challenges.

• Growth of online retailing: As more people have access to the Internet, e-commerce businesses have expanded internationally. The Census Bureau of the Department of Commerce estimates that, up from around 10.8% in Q3 2021, e-commerce accounted for 14.8% of all retail sales in the US in Q3 2022. Global demand for online shopping is also being driven by a rise in the need for simple product discovery, attractive prices, and personalized offers on products. Suppliers of sweet spreads now have a new opportunity to boost sales, expand their geographic reach, enhance customer relations, and increase profitability thanks to online retailing.
• Growth of clean label solutions and sugar-reduced spreads: The majority of consumers in industrialized nations prefer food spreads free of artificial ingredients due to the long-term negative effects on health. Since the primary ingredients used in sweet spreads to increase the shelf-life of the product are natural flavors, preservatives, and sweeteners. The tendency is for manufacturers to use them. Unnatural claims about jam spreads and spreads without artificial flavoring or preservatives have been made by international producers of product lines.
• Rising number of new product launches:  The global market for sweet spreads is expanding as a result of the rise in new product launches. Successful new product launches will boost the vendors of sweet spreads' revenue flow and market shares.
  
  Several recent product introductions in the market for sweet spreads worldwide include:
  
  Andros' Bonne Maman introduced new fruit spreads in May 2022, expanding its line of preserves, curds, herbal teas, and gift boxes with options that feature more fruit and less sugar. The six guilt-free flavors of Red Fruit, Cherry, Apricot, Orange, Strawberry, and Blueberry will delight the taste buds and the eye with a silky texture and discernible fruit pieces.

The report also provides major insights into the consumer base under the premium product category and new product launches that help vendors establish long-term relationships with end-users and consumers.

Unveil the untapped potential of such emerging challenges and trends Click & get Latest Sample Report!

Every Information on Vendor Analysis of Sweet Spreads Market 2023-2027:

The full report consists detailed analysis of around Top 25 vendors operating in the Sweet Spreads Market, including :

• Algood Food Co.
• Andros SNC
• B and G Foods Inc.
• Chocoladefabriken Lindt and Sprungli AG
• Conagra Brands Inc.
• Dr. August Oetker KG
• F. Duerr and Sons Ltd.
• Ferrero International S.A.
• Hormel Foods Corp.
• Mondelez International Inc.
• Murphy Orchard
• Rochak Agro Food Products Pvt. Ltd.
• The Hain Celestial Group Inc.
• The Hershey Co.
• The J.M Smucker Co.
• The Kraft Heinz Co.
• Wilkin and Sons Ltd.

The report is backed with competitive intelligence and benchmarking, and are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Vendor Offerings of Sweet Spreads Market- 

• Algood Food Co. - The company offers peanut butter, and preserves and jellies.
• Andros SNC  - The company offers a wide range of products such as preservatives, jams, frozen dessert, apple sauce, and many more.
• B and G Foods Inc. -The company manufacture, sell and distribute a diverse portfolio of high quality shelf stable and frozen foods across the US, Canada, and Puerto Rico. Some of the products include frozen and canned vegetables, oatmeal and other hot cereals, fruit spreads, and canned meats and beans.

To know about all 25 major vendor offerings and insights – Download a FREE sample Now!

Learn more about how we can help you achieve your mission-critical priorities. Gain access 17,000+ market research reports using 
Technavio's SUBSCRIPTION platform

Related Report

Muffins Market : Between 2022 and 2027, the market for muffins is anticipated to expand at a CAGR of 4.04%. The market is expected to grow by USD 1,675.49 million in size. 

Sambal Market: Between 2022 and 2027, the size of the global sambal market is anticipated to increase at a CAGR of 4.54%. The market is expected to grow in size by USD 96.04 million. The market's expansion is influenced by a number of variables, such as the market's wide range of applications, rising demand for spicy food, and the rising popularity of Asian cuisine. 

Take the first step towards improving your business strategy purchase our report now

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sweet spreads market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global sweet spreads market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Nuts and seed-based spreads - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Nuts and seed-based spreads - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Nuts and seed-based spreads - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Nuts and seed-based spreads - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Nuts and seed-based spreads - Year-over-year growth 2022-2027 (%)

• 6.4 Jams jellies and preserves - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Jams jellies and preserves - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Jams jellies and preserves - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Jams jellies and preserves - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Jams jellies and preserves - Year-over-year growth 2022-2027 (%)

• 6.5 Honey - Market size and forecast 2022-2027
• Exhibit 42: Chart on Honey - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Honey - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Honey - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Honey - Year-over-year growth 2022-2027 (%)

• 6.6 Chocolate spreads - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Chocolate spreads - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Chocolate spreads - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Chocolate spreads - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Chocolate spreads - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 50: Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 51: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 53: Chart on Comparison by Distribution Channel
• Exhibit 54: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 63: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Andros SNC 
• Exhibit 116: Andros SNC - Overview
• Exhibit 117: Andros SNC - Product / Service
• Exhibit 118: Andros SNC - Key offerings

• 12.4 B and G Foods Inc. 
• Exhibit 119: B and G Foods Inc. - Overview
• Exhibit 120: B and G Foods Inc. - Product / Service
• Exhibit 121: B and G Foods Inc. - Key offerings

• 12.5 Chocoladefabriken Lindt and Sprungli AG
• Exhibit 122: Chocoladefabriken Lindt and Sprungli AG - Overview
• Exhibit 123: Chocoladefabriken Lindt and Sprungli AG - Business segments
• Exhibit 124: Chocoladefabriken Lindt and Sprungli AG - Key news
• Exhibit 125: Chocoladefabriken Lindt and Sprungli AG - Key offerings
• Exhibit 126: Chocoladefabriken Lindt and Sprungli AG - Segment focus

• 12.6 Conagra Brands Inc. 
• Exhibit 127: Conagra Brands Inc. - Overview
• Exhibit 128: Conagra Brands Inc. - Business segments
• Exhibit 129: Conagra Brands Inc. - Key news
• Exhibit 130: Conagra Brands Inc. - Key offerings
• Exhibit 131: Conagra Brands Inc. - Segment focus

• 12.7 Dabur India Ltd. 
• Exhibit 132: Dabur India Ltd. - Overview
• Exhibit 133: Dabur India Ltd. - Business segments
• Exhibit 134: Dabur India Ltd. - Key offerings
• Exhibit 135: Dabur India Ltd. - Segment focus

• 12.8 F. Duerr and Sons Ltd. 
• Exhibit 136: F. Duerr and Sons Ltd. - Overview
• Exhibit 137: F. Duerr and Sons Ltd. - Product / Service
• Exhibit 138: F. Duerr and Sons Ltd. - Key offerings

• 12.9 Ferrero International S.A. 
• Exhibit 139: Ferrero International S.A. - Overview
• Exhibit 140: Ferrero International S.A. - Product / Service
• Exhibit 141: Ferrero International S.A. - Key offerings

• 12.10 Hormel Foods Corp. 
• Exhibit 142: Hormel Foods Corp. - Overview
• Exhibit 143: Hormel Foods Corp. - Business segments
• Exhibit 144: Hormel Foods Corp. - Key news
• Exhibit 145: Hormel Foods Corp. - Key offerings
• Exhibit 146: Hormel Foods Corp. - Segment focus

• 12.11 Mondelez International Inc. 
• Exhibit 147: Mondelez International Inc. - Overview
• Exhibit 148: Mondelez International Inc. - Business segments
• Exhibit 149: Mondelez International Inc. - Key news
• Exhibit 150: Mondelez International Inc. - Key offerings
• Exhibit 151: Mondelez International Inc. - Segment focus

• 12.12 Nestle SA 
• Exhibit 152: Nestle SA - Overview
• Exhibit 153: Nestle SA - Business segments
• Exhibit 154: Nestle SA - Key news
• Exhibit 155: Nestle SA - Key offerings
• Exhibit 156: Nestle SA - Segment focus

• 12.13 PepsiCo Inc. 
• Exhibit 157: PepsiCo Inc. - Overview
• Exhibit 158: PepsiCo Inc. - Business segments
• Exhibit 159: PepsiCo Inc. - Key news
• Exhibit 160: PepsiCo Inc. - Key offerings
• Exhibit 161: PepsiCo Inc. - Segment focus

• 12.14 The Hain Celestial Group Inc. 
• Exhibit 162: The Hain Celestial Group Inc. - Overview
• Exhibit 163: The Hain Celestial Group Inc. - Business segments
• Exhibit 164: The Hain Celestial Group Inc. - Key news
• Exhibit 165: The Hain Celestial Group Inc. - Key offerings
• Exhibit 166: The Hain Celestial Group Inc. - Segment focus

• 12.15 The Hershey Co. 
• Exhibit 167: The Hershey Co. - Overview
• Exhibit 168: The Hershey Co. - Business segments
• Exhibit 169: The Hershey Co. - Key news
• Exhibit 170: The Hershey Co. - Key offerings
• Exhibit 171: The Hershey Co. - Segment focus

• 12.16 The J.M Smucker Co. 
• Exhibit 172: The J.M Smucker Co. - Overview
• Exhibit 173: The J.M Smucker Co. - Business segments
• Exhibit 174: The J.M Smucker Co. - Key news
• Exhibit 175: The J.M Smucker Co. - Key offerings
• Exhibit 176: The J.M Smucker Co. - Segment focus

• 12.17 The Kraft Heinz Co. 
• Exhibit 177: The Kraft Heinz Co. - Overview
• Exhibit 178: The Kraft Heinz Co. - Business segments
• Exhibit 179: The Kraft Heinz Co. - Key offerings
• Exhibit 180: The Kraft Heinz Co. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio