The Europe Sweet Spread Market would witness market growth of 3.1% CAGR during the forecast period (2021-2027).
Various other spreads which are majorly used in the making of other cuisines are also gaining popularity in the overall market. Chocolate spreads are among such sweet spread products. The chocolate spreads are widely consumed in cakes, cupcakes, muffins, waffles, doughnuts, smoothies and many more items. Moreover, chocolate spread is often considered as nutritious as the main ingredient of chocolate spread is cocoa which itself is rich in micronutrients such as calcium, iron, riboflavin, phosphorus, niacin, and thiamin.
The chocolate spread is a healthy and delicious diet for children’s growth due to the presence of chocolate in it. Also, the phosphorus keeps the bones & teeth strong. Chocolate spreads are also a good source of iron which helps in fighting against anaemia by producing red blood cells (RBC). Chocolate is also considered a mood booster and is known for reducing stress and anxiety.
The countries like Germany, the United Kingdom, France, and Italy widely imports the cashew which serve as a raw material for cashew nut butter. Cashew butter is largely produced and consumed in these countries. Also, the consumers in the Europe region are demanding other organic spreads due to shortage of cooking time. Hence, these aspects can boost the growth of the regional sweet spread market during the forecasting period.
The Germany market dominated the Europe Sweet Spread Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $138.8 million by 2027. The UK market would witness a CAGR of 2.2% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 3.8% during (2021 - 2027).
Based on Packaging, the market is segmented into Glass and Plastic. Based on Product Type, the market is segmented into Jam, Jelly & Preserve, Chocolate spread, Nut-spread, and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Grocery & Convenience store, Online Sales Channel, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Sweet Spread Market Size will Hit $1.5 Billion by 2027, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Andros Group, Premium Vegetable Oils Sdn Bhd, Conagra Brands, Inc., PepsiCo, Inc. (Pioneer Foods), Ferrero Group, Unilever PLC, Hormel Foods Corporation, Dabur India Ltd., Mondelez International, Inc., and The Hershey Company (Hershey Trust Company).
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