North America 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
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Market Report Description
The North America Sweet Spread Market would witness market growth of 3.3% CAGR during the forecast period (2021-2027).
Sweet spread option with various benefits is fruit jams. Fruit jams are made by ground fruits or crushed. The fruit jam sugary option has several health benefits. All the fruits contain pectin in them which helps in the healthy eating process. When the fruit jams are made from the fruits, the jelly-like feel obtained is the pectin itself, and that modified pectin is beneficial for skin, fingernails as well as hairs.
Various nutrients present in the fruit jam are considered good for people suffering from constipation. Having fruit jam with multigrain bread is a nice option. Additionally, it is a good source of energy as well as fiber and thus keeps the stomach full for hours. The fruit jams also reduce the risk of various diseases like heart attack, stroke, and other cardiovascular diseases.
The producers in the North America region are using ripe, honey, chocolate, and semi ripe fruit spreads to produce various kinds of jelly, jams, and other products. Moreover, many regional players are launching new products along with innovative flavours in order to fulfil the varied demands from different consumers. Moreover, the high disposable income of the consumers allows them to afford such expensive products like chocolate spreads, peanut butter, and other spreads.
The US market dominated the North America Sweet Spread Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $292.3 million by 2027. The Canada market is expected to witness a CAGR of 5.7% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 4.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Sweet Spread Market is Estimated 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 Product Type
- Jam, Jelly & Preserve
- Chocolate spread
By Distribution Channel
- Grocery & Convenience store
- Online Sales Channel
- Rest of North America
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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