Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Sweet Spread Market Size to Grow at a CAGR of 3.2% During the Forecast Period 2021-2026
    (I-BusinessNews.Com, July 01, 2021 ) Sweet Spread Market size in 2020 is estimated to be $1,120 million, growing at a CAGR of 3.2% during the forecast period 2021-2026. Sweet spread contain jams, marmalades, jellies, honey, nut-based spreads, and chocolate spreads. The spreads are consumed with toast, breads, and other similar products. Increasing consumption of ready-to-eat foods and rising awareness regarding nutritive value of foods are the major factors driving the growth of the market. Moreover, increasing urbanization and changing lifestyle further enhance the overall market demand for sweet spread during the forecast period 2021-2026.



    Sweet Spread Market Segment Analysis - By Product Type



    Based on the Product Type, Sweet Spread Market is segmented into Jams and Preserves, Honey, Chocolate Spreads, Nuts and Seed-Based Spreads, Others. The Jams and Preserves segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 2.8% during the forecast period 2021-2026. This is mainly owing to increasing consumer demand for gourmet jams and preserves, which are mostly used for gifting are contributing to the growth of this segment.



    Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=509516

    Report Price: $ 5900 (Single User License)



    Sweet Spread Market Segment Analysis - By Distribution Channel



    Based on the Distribution Channel, Sweet Spread Market is segmented into Hypermarkets and Supermarkets, Retailer, Convenience Stores, Online Stores, Others. In 2020, online stores held the largest share in the Sweet Spread Market. This is mainly owing to increasing e-commerce website and rising bust lifestyle are contributing to the growth of this segment.



    Sweet Spread Market Segment Analysis - By Geography



    North America dominated the Market share accounting for 40% of the market in 2020. This is mainly owing to rising demand for low-fat and low-sugar sweet spread variants and increasing consumer preference towards ready-to-eat meals.However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2021-2026. This is owing to rapid industrialization and increasing hectic lifestyle.



    Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=509516



    Sweet Spread Market Drivers



    Increasing Consumption of Ready-to-Eat Foods



    Consumers are shifting towards the consumption of foods that are readily available owing to their hectic lifestyle or lack of cooking skills that prevent them from cooking are some factor driving the market growth of this segment. Moreover, sweet and savory spread has a high demand from people of old age owing to their inability to cook food which are increasing the market growth of sweet spread.



    Rising Awareness towards nutritive Value of Food



    Rise in awareness regarding the nutritive value of spread among consumers is a significant factor driving the growth of the market. Moreover, consumers are ready to spend on products such as spreads that provide health benefits and are contributing to the growth of Sweet Spread Market.



    Sweet Spread Market Challenges



    Unavailability of raw materials are challenging the growth of the market. Moreover, the rise in popularity of cereals and decline in the sales of breads are further restraining its market growth during the forecast period 2021-2026.

    During COVID-19 Pandemic, there is a worldwide shutdown of shops, supermarkets that have largely affected the sales of sweet. However, the COVID-19 pandemic has ruined a large stock of sweets in manufacturing units and shops, which has caused huge loss to manufacturers.



    Sweet Spread Market Outlook



    Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Sweet Spread Market. Sweet Spread top 10 companies are Monteagle Group, ATLANTIC GRUPA D.D., Pioneer Foods, Uniliver Group, Dr. Oetker, HERSHEY’S, Nestle, Glanbia Consumer Foods, Kraft Foods, Ferrero Group.



    Acquisitions/Product Launches:



    On 30 August 2018, Kraft Heinz has partnership with Hershey Company and launch Milk Chocolate and Reese’s Peanut Butter Cup Dairy Whipped Toppings which helps to add a delicious dimension to any sweet treat.



    Key Takeaways



    In 2020, North America dominates the Sweet Spread Market owing to rising demand for low-fat and low-sugar sweet spread variants.



    Increasing consumption of ready-to-eat foods and rising awareness regarding nutritive value of foods is driving the market growth of sweet spread.



    Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Sweet Spread Market report.



    Unavailability of raw materials are challenging the growth of the market.



    Related Reports :



    A. Specialty Sweeteners Market

    https://www.industryarc.com/Research/Specialty-Sweeteners-Market-Research-509524



    B. Sweet Biscuit Market

    https://www.industryarc.com/Research/Sweet-Biscuit-Market-Research-509517



    For more Food and Beverage related reports, please click here



    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

    IndustryARC

    Venkat Reddy

    (+1) 970-236-3677

    venkat@industryarc.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC