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Global Sweet Spread Market Share, Growth, Trends, Analysis, Report, Forecast: By Product Type: Chocolate Spread, Jam, Jelly and Preserves, Nut Butter, Others; By Packaging: Glass, Plastic; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Sweet Spread Market Outlook
The global sweet spread market size reached a value of approximately USD 73.06 billion in 2022. The market is expected to grow at a CAGR of 6.40% between 2023 and 2028, reaching a value of USD 105.56 billion by 2028.
Key Trends in the Market
A sweet spread refers to a sweet flavoured spreadable paste that is mostly used as a topping on various food and bakery items. Popular sweet spreads include jams, jellies, chocolate spreads, and marmalades, among others.
- Rising demand for healthy and convenient products is increasing the demand for the sweet spread market as they can be easily added to food and bakery products and can contain various nutrients, vitamins, healthy fats, and minerals.
- The widespread preference for sweet foods is a key trend in the market for sweet spreads, as more people are seeking sweet foods to incorporate into their regular diets. Sweet spreads are versatile and available in various flavours to suit different consumer preferences.
- The consumption of sweet spreads before exercising or any sport activity is on the rise as they provide energy quickly, due to the natural sugars present in the sweet spreads.
Market Analysis
Based on product type, the market is segmented into chocolate spread, jam, jelly and preserves, and nut butter, among others. On the basis of packaging, the market is bifurcated into glass and plastic. By distribution channel, the market is categorised into supermarkets and hypermarkets, convenience store, and online, among others. On the basis of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global sweet spread market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- ConAgra Brands, Inc.
- The Kraft Heinz Company
- Unilever plc
- Ferrero International S.A.
- Mondelez International, Inc.
- Hormel Foods Corporation
- The J.M. Smucker Co.
- The Hershey Company
- Dabur India Ltd
- Premium Vegetable Oils Sdn Bhd
- Others
Market Share by Product Type
Jam, jelly and preservatives segment held a sizable share of the sweet spread market by product type due to the wide range of flavours and textures available. The growing popularity of having snacks between whole meals, especially among the younger generation is further enhancing the demand for jams, jellies, and preservatives to consume with toasts, bagels, bread, sandwiches, and crackers, among others.
Meanwhile, nut butter sweet spreads are also expected to grow significantly in the market owing to rising health consciousness. Nut butters contain high protein content along with good fat content which helps in maintaining the health of the consumers.
Market Share by Region
Europe accounts for a significant share of the global sweet spread market as it is commonly consumed across various countries in the region, being a part of culturally popular dishes and cuisines. There is also considerable production of the sweet spreads in the region, and they are commonly used in bakery products and desserts. Rising demand and consumption from countries such as Germany, the United Kingdom, and France is supporting the market to grow further in Europe.
Competitive Landscape
ConAgra Brands, Inc. founded in 1919 and headquartered in Illinois, United States, specialises in a wide range of consumer-packaged goods. The company manufactures and sells various packaged and processed food products under different brand names.
The Kraft Heinz Company, established in 2015, is a multinational food and beverage company that is headquartered in Illinois, United States. They are known for providing great tasting, nutritious food to consumers all across the globe.
Unilever plc was founded in 1929 and has its headquarters located in London, United Kingdom. This personal care product company is known globally for manufacturing products such as bottled water, food, and soft drink, among others.
Other market players include Ferrero International S.A., Mondelez International, Inc., Hormel Foods Corporation, The J.M. Smucker Co., The Hershey Company, Dabur India Ltd, and Premium Vegetable Oils Sdn Bhd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Packaging |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sweet Spread Market Analysis
8.1 Key Industry Highlights
8.2 Global Sweet Spread Historical Market (2018-2022)
8.3 Global Sweet Spread Market Forecast (2023-2028)
8.4 Global Sweet Spread Market by Product Type
8.4.1 Chocolate Spread
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Jam, Jelly and Preserves
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Nut Butter
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Sweet Spread Market by Packaging
8.5.1 Glass
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Plastic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Sweet Spread Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Convenience Store
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Online
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Sweet Spread Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Sweet Spread Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Sweet Spread Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sweet Spread Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sweet Spread Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sweet Spread Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ConAgra Brands, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Kraft Heinz Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Unilever plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ferrero International S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mondelez International, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Hormel Foods Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 The J.M. Smucker Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 The Hershey Company
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Dabur India Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Premium Vegetable Oils Sdn Bhd
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sweet Spread Market: Key Industry Highlights, 2018 and 2028
2. Global Sweet Spread Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Sweet Spread Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Sweet Spread Historical Market: Breakup by Packaging (USD Million), 2018-2022
5. Global Sweet Spread Market Forecast: Breakup by Packaging (USD Million), 2023-2028
6. Global Sweet Spread Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Sweet Spread Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Sweet Spread Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Sweet Spread Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Sweet Spread Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Sweet Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Sweet Spread Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Sweet Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Sweet Spread Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Sweet Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Sweet Spread Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Sweet Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Sweet Spread Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Sweet Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Sweet Spread Market Structure
Key Questions Answered in the Report
The global market for sweet spreads reached a value of approximately USD 73.06 billion in 2022.
The market is expected to grow at a CAGR of 6.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 105.56 billion by 2028.
The key drivers of the market are rising demand for convenience food, increasing preference for sweet foods, and growing applications of sweet spreads.
The key trends of the market are rising demand for healthy food products, increasing demand from sports enthusiasts, popularity of sweet spreads with natural sweeteners, and availability of a wide variety of flavours and variations.
The various product types of sweet spreads in the market include chocolate spread, jam, jelly and preservatives, and nut butter, among others.
The primary packaging for sweet spreads are glass and plastic.
Key players in the sweet spread market, according to the report, are ConAgra Brands, Inc., The Kraft Heinz Company, Unilever plc, Ferrero International S.A., Mondelez International, Inc., Hormel Foods Corporation, The J.M. Smucker Co., The Hershey Company, Dabur India Ltd, and Premium Vegetable Oils Sdn Bhd, among others.
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