Market Overview:
The global sweet and savory spreads market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience foods, rising disposable income, and changing lifestyle trends. In terms of type, honey is expected to be the fastest-growing segment during the forecast period. This can be attributed to its health benefits such as antibacterial properties and antioxidants. In terms of application, supermarkets/hypermarkets are expected to account for the largest share of the market during the forecast period.
Product Definition:
A sweet and savory spread is a type of condiment that combines the flavors of sweet and savory. Sweet and savory spreads are important because they add flavor to food, making it more enjoyable to eat. They can also be used as dips or marinades.
Honey:
Honey is a natural sweetener and an important ingredient in many savory and sweet spreads. It has numerous growth factors that help increase the shelf life of the finished products. Honey also helps reduce water content, thus making it suitable to be used as a spread for bread or crackers.
Chocolate Spreads:
Chocolate spreads are a combination of cocoa butter, sugar and milk or water. It is used as an ingredient in various dishes to enhance its taste. The product also has several other uses such as coating for wafers, biscuits, etc., making it healthier and more nutritious. Moreover, the product can be used to prepare hot chocolate or cold chocolate beverages depending upon consumer preference.
Application Insights:
The supermarkets/hypermarkets segment led the global sweet and savory spreads market in 2017. The application of the product is increasing at a rapid rate in this segment. The major reason for its popularity is that it offers an economical way to enhance the taste of various foods without adding additional calories or cost. Moreover, many manufacturers are now focusing on offering healthy products under one roof, which will help them gain a significant edge over their competitors.
The specialty food stores application category is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for gourmet products with unique flavor profiles and functional benefits that complement existing meals but do not replace them as meal ingredients themselves.
Regional Analysis:
North America accounted for the largest share of more than 35.0% in 2017 owing to growing demand for savory spreads from U.S and Canada as a result of increasing consumption of processed meat, poultry, and seafood products over the past few years. Furthermore, rising popularity of ethnic foods among consumers is expected to drive product demand in this region over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5.0% during the forecast period on account of increasing awareness regarding health benefits associated with sweet and savory spreads such as anti-inflammatory properties due to presence high amount natural antioxidants like flavonoids.
Growth Factors:
- Increasing demand for convenience foods: The growth of the sweet and savory spreads market is mainly driven by the increasing demand for convenience foods. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or cooking required. This has led to an increase in the number of people who are looking for quick and easy meal options, which sweet and savory spreads provide.
- Rising popularity of healthy eating trends: Another key driver of the sweet and savory spreads market is the rising popularity of healthy eating trends. More people are now becoming aware of the importance of a balanced diet, which includes both healthy as well as unhealthy foods in moderation. Sweet and savory spreads offer a convenient way to add some unhealthy but delicious treats into your diet, without compromising on your overall health goals.
- Growing trend towards snacking: A third key driver behind the growth of the sweet and savory spreads market is its growing trend towards snacking instead of traditional meals-based dining habits . Snacking has become increasingly popular in recent years due to our busy lifestyles that often don’t allow enough time for sitting down to a full meal anymore . Sweet and Savory Spreads offer an easy way to snack on something tasty without having to prepare anything yourself – you can just grab them from your local store or supermarket!
Scope Of The Report
Report Attributes
Report Details
Report Title
Sweet and Savory Spreads Market Research Report
By Type
Honey, Chocolate Spreads, Fruit Preserves, Nut & Seed-Based Spreads
By Application
Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Specialty Food Stores
By Companies
General Mills, Kraft Foods Group, The J.M. Smucker, Hormel Foods, Peanut Butter, E.D Smith Foods, Ferrero Group, The Hersheys, Bernard Michaud, Hero Group, Zentis, Fürsten-Reform, Nutrexpa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Sweet and Savory Spreads Market Report Segments:
The global Sweet and Savory Spreads market is segmented on the basis of:
Types
Honey, Chocolate Spreads, Fruit Preserves, Nut & Seed-Based Spreads
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Specialty Food Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Kraft Foods Group
- The J.M. Smucker
- Hormel Foods
- Peanut Butter
- E.D Smith Foods
- Ferrero Group
- The Hersheys
- Bernard Michaud
- Hero Group
- Zentis
- Fürsten-Reform
- Nutrexpa
Highlights of The Sweet and Savory Spreads Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Honey
- Chocolate Spreads
- Fruit Preserves
- Nut & Seed-Based Spreads
- By Application:
- Supermarkets/Hypermarkets
- Convenience Stores
- Grocery Stores
- Specialty Food Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sweet and Savory Spreads Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sweet and Savory Spreads are a type of condiment that combines sweet and savory flavors to create a unique taste. They can be used as toppings for food or as ingredients in recipes.
Some of the major players in the sweet and savory spreads market are General Mills, Kraft Foods Group, The J.M. Smucker, Hormel Foods, Peanut Butter, E.D Smith Foods, Ferrero Group, The Hersheys, Bernard Michaud, Hero Group, Zentis, FƒÂ¼rsten-Reform, Nutrexpa.
The sweet and savory spreads market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sweet and Savory Spreads Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sweet and Savory Spreads Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sweet and Savory Spreads Market - Supply Chain
4.5. Global Sweet and Savory Spreads Market Forecast
4.5.1. Sweet and Savory Spreads Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sweet and Savory Spreads Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sweet and Savory Spreads Market Absolute $ Opportunity
5. Global Sweet and Savory Spreads Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sweet and Savory Spreads Market Size and Volume Forecast by Type
5.3.1. Honey
5.3.2. Chocolate Spreads
5.3.3. Fruit Preserves
5.3.4. Nut & Seed-Based Spreads
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sweet and Savory Spreads Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sweet and Savory Spreads Market Size and Volume Forecast by Application
6.3.1. Supermarkets/Hypermarkets
6.3.2. Convenience Stores
6.3.3. Grocery Stores
6.3.4. Specialty Food Stores
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sweet and Savory Spreads Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sweet and Savory Spreads Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sweet and Savory Spreads Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sweet and Savory Spreads Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sweet and Savory Spreads Demand Share Forecast, 2019-2026
9. North America Sweet and Savory Spreads Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sweet and Savory Spreads Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sweet and Savory Spreads Market Size and Volume Forecast by Application
9.4.1. Supermarkets/Hypermarkets
9.4.2. Convenience Stores
9.4.3. Grocery Stores
9.4.4. Specialty Food Stores
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sweet and Savory Spreads Market Size and Volume Forecast by Type
9.7.1. Honey
9.7.2. Chocolate Spreads
9.7.3. Fruit Preserves
9.7.4. Nut & Seed-Based Spreads
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sweet and Savory Spreads Demand Share Forecast, 2019-2026
10. Latin America Sweet and Savory Spreads Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sweet and Savory Spreads Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sweet and Savory Spreads Market Size and Volume Forecast by Application
10.4.1. Supermarkets/Hypermarkets
10.4.2. Convenience Stores
10.4.3. Grocery Stores
10.4.4. Specialty Food Stores
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sweet and Savory Spreads Market Size and Volume Forecast by Type
10.7.1. Honey
10.7.2. Chocolate Spreads
10.7.3. Fruit Preserves
10.7.4. Nut & Seed-Based Spreads
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sweet and Savory Spreads Demand Share Forecast, 2019-2026
11. Europe Sweet and Savory Spreads Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sweet and Savory Spreads Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sweet and Savory Spreads Market Size and Volume Forecast by Application
11.4.1. Supermarkets/Hypermarkets
11.4.2. Convenience Stores
11.4.3. Grocery Stores
11.4.4. Specialty Food Stores
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sweet and Savory Spreads Market Size and Volume Forecast by Type
11.7.1. Honey
11.7.2. Chocolate Spreads
11.7.3. Fruit Preserves
11.7.4. Nut & Seed-Based Spreads
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sweet and Savory Spreads Demand Share, 2019-2026
12. Asia Pacific Sweet and Savory Spreads Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sweet and Savory Spreads Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sweet and Savory Spreads Market Size and Volume Forecast by Application
12.4.1. Supermarkets/Hypermarkets
12.4.2. Convenience Stores
12.4.3. Grocery Stores
12.4.4. Specialty Food Stores
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sweet and Savory Spreads Market Size and Volume Forecast by Type
12.7.1. Honey
12.7.2. Chocolate Spreads
12.7.3. Fruit Preserves
12.7.4. Nut & Seed-Based Spreads
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sweet and Savory Spreads Demand Share, 2019-2026
13. Middle East & Africa Sweet and Savory Spreads Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sweet and Savory Spreads Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sweet and Savory Spreads Market Size and Volume Forecast by Application
13.4.1. Supermarkets/Hypermarkets
13.4.2. Convenience Stores
13.4.3. Grocery Stores
13.4.4. Specialty Food Stores
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sweet and Savory Spreads Market Size and Volume Forecast by Type
13.7.1. Honey
13.7.2. Chocolate Spreads
13.7.3. Fruit Preserves
13.7.4. Nut & Seed-Based Spreads
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sweet and Savory Spreads Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sweet and Savory Spreads Market: Market Share Analysis
14.2. Sweet and Savory Spreads Distributors and Customers
14.3. Sweet and Savory Spreads Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Mills
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kraft Foods Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The J.M. Smucker
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hormel Foods
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Peanut Butter
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. E.D Smith Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ferrero Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Hersheys
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bernard Michaud
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hero Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zentis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fürsten-Reform
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nutrexpa
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
