LAMEA Sweet Spread Market Size & Share, Growth by 2021-2027

LAMEA Sweet Spread Market Size, Share & Industry Trends Analysis Report By Packaging (Glass and Plastic), By Product Type, By Distribution Channel, By Country, Historical Data and Growth Forecast, 2021 - 2027

Published Date: February-2022 | Number of Pages: 79 | Format: PDF | Report ID: KBV-16733

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Market Report Description

The Latin America, Middle East and Africa Sweet Spread Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).

Nut-based spreads such as cashew butter and peanut butter serve various benefits to the human body. Cashew butter is rich in nutrients and serves various health benefits. The cashew butter is made of raw as well as roasted cashew and is naturally sweet. These kinds of butter can be used for thickening and flavoring sauces, fruit shakes, and soups. Cashew butter is rich in vitamin E, calcium, iron, protein, and riboflavin.

Additionally, cashew butter also contains oleic acid in a balanced quantity. Cashew butter along with other nut-based spreads consist of unsaturated fats which are essential for the body and help in fighting against bad cholesterol. Although, it is suggested to consume calcium butter in a limited quantity as it is rich in calorie and fat content.

The food & beverage industry in the LAMEA region, specifically Africa is witnessing massive growth. In addition, the hospitality sector with luxury hotels, restaurants cafes, etc in the region is also flourishing with the rising tourism at the places like Burj Khalifa in Dubai. The consumers in the region are becoming health conscious and thus, demanding the organic foods. Moreover, various health benefits of sweet spreads coupled with the rising disposable income of the consumers are resulting in high demand for sweet spread foods. Also, the demand for organic foods is increasing with the rapid urbanization in the LAMEA region.

The Brazil market dominated the LAMEA Sweet Spread Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $29.1 million by 2027. The Argentina market would exhibit a CAGR of 6% during (2021 - 2027). Additionally, The UAE market is poised to grow a CAGR of 5.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Sweet Spread Market is Predict to reach $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).

Scope of the Study

Market Segments Covered in the Report:

By Packaging

  • Glass
  • Plastic

By Product Type

  • Jam, Jelly & Preserve
  • Chocolate spread
  • Nut-spread
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Grocery & Convenience store
  • Online Sales Channel
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • 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.
  • The Hershey Company (Hershey Trust Company)

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Related Reports:

Global Sweet Spread Market Report 2021-2027

North America Sweet Spread Market Report 2021-2027

Europe Sweet Spread Market Report 2021-2027

Asia Pacific Sweet Spread Market Report 2021-2027

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