The spread market will reach US$49.82 billion by 2031

Spreads Market – Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates, Jan. 28, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights (IMF), the spreads market will grow at a CAGR of 6.3% between 2021 and 2031. The increased focus on healthy eating will become one of the main drivers of growth.

Spreads Market Year Value (2020A)

US$25.8 billion

Estimated annual value (2021E)

US$27.1 billion

Expected value of the spread market year (2031F)

US$49.82 billion

CAGR Value (2021-2031)

6.3%

Consumer awareness is currently shifting towards the idea of ​​transparency embedded in product labeling. The advent of the latest technologies has given consumers access to smart labels, through which they can follow the journey of products and compare their individual qualities.

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Consumers today are asking food companies to increase the transparency of their products, going beyond ingredient-free status, ingredients and nutritional levels. Buyers want to understand the context of products – from where and how the ingredients were purchased, through to the final product. In the food and beverage industry, trust and transparency have become major challenges, as there are no strict regulations and guidelines set by governments regarding clean labeling.

Companies have started to use clean labeling as a watchword for promotion and marketing purposes, and have taken advantage of this to sell their products as clean label products. This trend is visible in the spread market. The emphasis on obtaining ingredients from natural resources and flavor innovations will drive the spreads market growth.

Main lessons from the spreads market study:

  • In terms of value, the nut-based spreads segment is expected to remain dominant in the global spreads market during the forecast period. This segment is expected to represent a value share of 26.0% by the end of 2031.

  • In terms of value, the household and retail spreads segment is expected to remain dominant in the global spreads market throughout the forecast period, with a value share of over 59% by the end of 2031.

  • In terms of value, the conventional spreads segment is expected to remain dominant in the global spreads market throughout the forecast period, with a value share of over 90% by 2031.

  • The US spreads market will account for more than 77% of sales in North America.

  • UK spread demand will grow by 5.1% CAGR between 2021 and 2031.

“Due to growing health awareness and the ability to spend on premium and specialty food products, North America and Europe have emerged as dominant regions in the spreads market. In addition, the concentration of large players in these regions creates strong prospects for spread sales through 2031,” said a senior IMF analyst.

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Report scope

Attribute

Details

Forecast period

2021-2031

Historical data available for

2016-2020

Market analysis

Million USD for value

Main countries covered

United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC countries, Turkey, South Africa North and South Africa

Key Segments Covered

Product type, end use, nature, distribution channel and region

Profiled Key Companies

• Nestlé SA

• The Kraft Heinz Company

• Trademarks Conagra, Inc.

• Pioneer Food Group Ltd.

• The Hershey Company

• Strauss Group Ltd.

• The JM Smucker company

• Hormel Foods Corporation

• General Mills Inc.

• Atlantic Group dd

• Dr. Oetker GmbH

• Ferrero SpA

• Others

Report cover

Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

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Competitive landscape

Major players operating in the global spreads market are investing and capitalizing on packaging trends and innovations. They try to improve and innovate new packaging solutions to differentiate their products on the shelves of retailers. Manufacturers offer convenient and easy-to-use packaging for their spreads to ensure consumer convenience.

They use a wide range of packaging formats, which include cans, jars, spout tubes, squeeze pouches and others to provide consumers with simple, versatile and flexible packaging solutions. Additionally, manufacturers are adopting packaging solutions that help them extend the shelf life of spreads, even under extreme conditions and during longer distribution channels.

Some of the major companies offering spreads are Nestlé SA, The Kraft Heinz Company, Conagra Brands, Inc., Pioneer Food Group Ltd, The Hershey Company, Strauss Group Ltd., The JM Smucker Company, Hormel Foods Corporation, General Mills Inc. ., Atlantic Grupa dd, Dr. Oetker GmbH, Ferrero SpA and others.

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Sugar Free Gumballs Market: The market is attributed to the widespread application of sugar-free gumballs in the food industry and the pharmaceutical industry is witnessing an increase in demand as it is one of the most valuable sugar-free supplements available on the market. Marlet.

Vegetable Shrimp Market: Growing health-related concerns regarding animal products or by-products are a major driver for manufacturers in the Vegetable Shrimp market.

Low Calorie Desserts Market: The market is attributed to the widespread application of low calorie desserts in the food industry and especially in the confectionery industry, which is witnessing an increase in demand as it is one of the most popular sugar-free substitutes. valuable available in the market.

High Ratio Shortening Market: The high ratio fats market offers huge additional opportunities due to the growing demand for emulsification and glaze in the food industry.

Food Grade Sodium Hypochlorite Market: The sodium hypochlorite market is estimated to increase suggestively due to rapid growth in end-user productions such as water treatment and agriculture.

Food Grade Silica Market: Rising concerns regarding clumping, free-flowing ability of powdered products, increase in production time and reduction in production speed are expected to grow the food grade silica market during the forecast period.

eggless salad dressing market: Growing health consciousness is attracting the attention of customers in favor of plant-based diets that not only help control weight, but include fiber and essential nutrients.

RTD cocktails market: According to the latest research from Future Market Insights, the RTD Cocktails market will grow at a moderate rate in 2021-2031.

About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. MFI is headquartered in Dubai and has delivery centers in the UK, USA and India. Latest news from the IMF market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity in the midst of fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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