Fortified Breakfast Spreads Market Research Report- Forecast till 2030

Fortified Breakfast Spreads Market Research Report Information: By Source (Fruit Based, Nut Based, Dairy Based, And Others), By Nutrients (Vitamins, Minerals, Proteins, Prebiotics & Probiotics, Others), By Distribution Channel (Store-Based And Non-Store Based) And By Region - Forecast To 2030

ID: MRFR/F-B & N/2587-HCR | 110 Pages | Author: Sakshi Gupta | February 2024         

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Gloabal Fortified Breakfast Spreads Market Overview


Fortified breakfast spreads market size is projected to reach approximately USD 54 million by 2030, at a CAGR of 7.30% from 2022 to 2030. The fortified spreads are spreadable products that are made up of nuts, fruits, dairy products, etc. This item is spread on the bagels and bread and is generally used during breakfast.


The fortified spreads contain several micronutrients and vitamins. Thus, the rising health consciousness and demand for convenience products are promoting market growth. Hence, the North American region is evaluated to lead the Fortified Breakfast Spreads Market in the upcoming years. Also, the Asia-Pacific is predicted to record the fastest growth.


COVID-19 Analysis


The Market Value observed a significant decline in the growth due to COVID-19 disease. Also, the demand for healthy and nutritious foods spiked up to boost immunity. This further led to have a gradual growth of the market. As the spread of the virus lowers down in the upcoming years, the market can improve.


Market Dynamics


Market Drivers


There are various drivers such as rising demand for ready-to-eat products that will lead to significant market growth. Also, the demand for healthy foods and changing lifestyles is the major driver of the Fortified Breakfast Spreads Market.


Restraints


There are various restraints such as high prices of fortified products that are speculated to hamper the market growth. Thus, the availability of alternatives can slow down the growth of the Fortified Breakfast Spreads Market.


Opportunities


The demand for nutritious products and tasty products for daily consumption is predicted to offer new opportunities for key players. Also, the demand for gluten-free, fat-free products among consumers will have a positive influence on the market.


Challenges


The availability of various alternatives can be challenging for the market player to thrive. Also, the low awareness of new products can restrict market growth.


Cumulative Analysis


Value Chain Analysis


The increasing demand for convenience foods and rising health awareness are promoting the Fortified Breakfast Spreads Market Trends. The various positive factors such as investments by key players and the introduction of new products will further enhance the value chain of the Market in the upcoming years.


Market Segmentations


The segments of the Market are divided into the source, distribution channel, and nutrients. Based upon the source, the Fortified Breakfast Spreads Market is segmented into Nut Based, Dairy-Based, Fruit Based, etc.  It is evaluated that the fruit-based sub-segment will dominate the market in the future years.


Based upon distribution channel, the Market is segmented into Non-Store Based and Store-Based. The store-based sub-segment is divided into Convenience Stores, Supermarkets and Hypermarkets, and Others. It is evaluated that store-based sub-segment will lead the market.


Based upon nutrients, the Market is divided into Proteins, Minerals, Vitamins, Probiotics, Prebiotics, and Others.


Regional Analysis


Geographically, the Fortified Breakfast Spreads Market Size is segmented into Asia-Pacific, North America, Europe, and the Rest of the World. The Market Analysis suggests that the North American region will lead the market in the studied forecast period. It consists of countries such as Mexico, Canada, and the US. The changing pattern of lifestyle and prevalence of ready-to-eat foods are improving the market growth in this region.


On the other side, the Asia-Pacific region is depicted to have the fastest growth in the studied forecast period 2022-2030. This region consists of crucial countries such as India, Japan, China, Indonesia, and others. The rising demand of ready to food items, changing lifestyles, and tight schedules are the major driver for the fastest growth in the upcoming years. Also, the increasing disposable income is a great drier for the Fortified Breakfast Spreads Market in the Asia-Pacific.


Furthermore, Europe is anticipated to have the second-largest Fortified Breakfast Spreads Market Share. The high use of breakfast or food spreads is an important factor for the popularity of breakfast foods. Also, the invention of new flavours which includes exotic fruits, figs, etc. is boosting the Market Growth.


Finally, the increasing use of fortified spreads is also increasing in the other regions. The rest of the world region consists of countries of Africa and the Middle East. The rising awareness for health and growing demand for packaged items is leading to comprehensive Fortified Breakfast Spreads Market Growth.


Competitive Landscape


The Fortified Breakfast Spreads Market consists of various key players. These key players play a crucial role in enhancing the Market Trends. They do product launches, acquisitions, partnerships, mergers, etc. to improve their business withhold across the world. Some of the key players in the market are as follows.



  • Daiya Foods Inc. (Canada)

  • Wellness Foods Ltd. (UK)

  • Premier Foods Plc (UK)

  • Unilever Group (UK)

  • Kraft Foods Group (US)

  • Andros SAS (France)

  • Ferrero Group (Italy)

  • Conagra Brands Inc. (US)

  • J.M. Smucker Company (US)


Recent Developments



  • Nestle Italia in 2021 announced the launch of its popular chocolate brand called “Baci Perugina.” It launched palm-oil less and gluten-free chocolate spread added with hazelnut grains called Crème Baci.

  • Kraft Heinz Canada in 2021 announced the launch of its new Hazelnut Spread called “Nutella + Cocoa.”

  • Ferrero Group in 2021 announced the launch of a new product of hazelnut and chocolate spread under its range called “Nutella +Cocoa.” 


 Report Outlook


The report overview of Fortified Breakfast Spreads Market Outlook is as follows.



  • Market Overview

  • COVID-19 Analysis

  • Dynamics of the Market

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


 


Report Score and Segmentation


The report score is to provide necessary information about the Fortified Breakfast Spreads Market Forecast. It covers information about market value, CAGR opportunities, challenges, etc. The information provided in this report is collected from several primary and secondary sources.



  • Study Period- 2021-2028

  • Base Year-2021

  • Forecast Period- 2021-2028

  • Historical Period-2017-2020


Segmentation


By Nutrients



  • Proteins

  • Minerals

  • Vitamins

  • Probiotics

  • Prebiotics

  • Others


 By Source



  • Nut Based

  • Dairy-Based

  • Fruit Based

  • Others


 By Distribution Channel



  • Non-Store Based

  • Store-Based

  • Convenience Stores

  • Supermarkets and Hypermarkets

  • Others


By Region



  • Europe

  • North America

  • Asia-Pacific

  • Rest of the World

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 54 Million
  CAGR   7.30%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source, Nutrients, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Daiya Foods Inc. (Canada), Wellness Foods Ltd. (UK), Premier Foods Plc (UK), Unilever Group (UK), Kraft Foods Group (US), Andros SAS (France), Ferrero Group (Italy), Conagra Brands Inc. (US), and J.M. Smucker Company (US)
  Key Market Opportunities   Demand for nutritious products and tasty products for daily consumption, Demand for gluten-free, fat-free products among consumers
  Key Market Drivers   Rising demand for ready-to-eat products, Demand for healthy foods, Changing lifestyles




Frequently Asked Questions (FAQ) :

The Fortified Breakfast Spreads Market is evaluated to grow at a substantial CAGR of 7.30% during the studied forecast period.

The fortified breakfast spread is a product made up of nuts, fruits, dairy, etc. in a spreadable form. It is spread upon a bagel, bread, and generally eaten during breakfast. The fortified breakfast spreads contained extra micronutrients to provide necessary nutrients and vitamins on a daily basis.

Daiya Foods Inc. (Canada), Wellness Foods Ltd. (UK), Premier Foods Plc (UK), Unilever Group (UK), Kraft Foods Group (US), Andros SAS (France), Ferrero Group (Italy), Conagra Brands Inc. (US), and J.M. Smucker Company (US) are some of the major competitors in fortified breakfast spreads industry.

Source, distribution channel, and nutrients are the market segments of the fortified breakfast spreads market.

According to the fortified breakfast spreads market forecast, it is predicted that North America holds the largest share.

There are various factors that are anticipated to boost the Fortified Breakfast Spreads Market Growth. It includes the rapidly changing pattern of consumption of food, and the rising need for convenience food is driving the market gradually.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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