The Global Sweet Spread Market Size will Hit $1.5 Billion by 2027, at a CAGR of 3.5%

Published Date: 28-Feb-2022

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Sweet Spread Market Growth, Trends and Report Highlights

According to a new report Global Sweet Spread Market, published by KBV research, The Global Sweet Spread Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 3.5% CAGR during the forecast period.

The Plastic market shows highest growth rate of 4% during (2021 - 2027). The plastic containers are durable, light weight, and easy to transport as compared to the glass container which is resulting in the massive adoption of the sweet spread products with plastic containers.

The Jam, Jelly & Preserve market is generating high revenue in the Global Sweet Spread Market by Product Type 2020, thereby, achieving a market value of $656.1 million by 2027. Jam spreads are generally made up of fruits and pectin may be added to them for the gel like structure. These kinds of spreads are most commonly consumed by children. Jelly spreads are made up of cooked fruit juice and pectin for the thick and gel structure. The jellies are strained through a jelly bag to remove the solids from it.

The Supermarket/Hypermarket market acquired maximum revenue share in the Global Sweet Spread Market by Distribution Channel 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $670.7 million by 2027. The dominance is because of the attractive presentation of such products in these stores and these stores also offer various discount options to the consumers. Also, these stores are easy to reach for various consumers which increases the demand for these products.

The Europe market is the fastest growing region in the Global Sweet Spread Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $607.2 million by 2027. The North America market is expected to witness a CAGR of 3.3% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 4% during (2021 - 2027).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).

Global Sweet Spread Market Segmentation

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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:

North America Sweet Spread Market, Future Scope & Opportunities 2021-2027

Europe Sweet Spread Market, Size & Growth Forecast 2021-2027

Asia Pacific Sweet Spread Market, Size, Share & Industry Outlook to 2027

LAMEA Sweet Spread Market, Growth, Trends and Forecasts 2021-2027

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