ID: MRFR/F-B & N/3528-HCR | 90 Pages | Published By Varsha More on March 2023
Fruit Spreads Market is estimated to reach USD 10.3 billion in 2030 and register a CAGR of 3.1% during the forecast period of 2022 to 2030.
$10.3 billion
3.1%
Europe
2022-2030
Market Scenario
The global Fruit Spreads Market is estimated to reach USD 10.3 billion in 2018 and is expected to register a CAGR of 3.1% during the forecast period of 2022 to 2030. The high perishability associated with fruits has contributed to the fruit derivative products. Hectic lifestyles and increased preference for convenience foods have resulted in increased adoption of fruit spreads in breakfast. In developing countries such as China, India, and Brazil, the growing per capita disposable income and consumers’ willingness to try new products have boosted the demand for fruit spreads. Apart from this, the manufacturers are continuously working on product development and are trying to introduce innovative flavor. This has significantly contributed to the shift of consumer preferences towards fruit spreads. However, a large number of substitute products are available in the market, which is posing a direct threat to the growth of the market
Segmentation
The global fruit spreads market has been segmented based on type, fruit, distribution channel, and region.
By type, the global fruit spreads market has been segmented into jams, jellies, marmalades, and others.
By fruit, the global fruit spreads market has been segmented into berries, citrus fruits, tropical fruits, drupes, and others.
By distribution channel, the global fruit spreads market has been bifurcated into store-based and non-store-based. The store-based segment has been further classified into hypermarkets & supermarkets, convenience stores, and others.
The global fruit spreads market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American fruit spreads market has further been categorized as the US, Canada, and Mexico. The European fruit spreads market has been segmented into Germany, France, Italy, Spain, the UK, and the rest of Europe. The fruit spreads market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fruit spreads market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Regional Market Summary
Global Fruit Spreads Market Share (%), by Region, 2021Â
Type: Secondary Types and MRFR Analysis
The market in Europe is expected to dominate the market for fruit spreads during the forecast period. The consumption of spreads is very high in countries such as Germany and the UK as compared to the rest of the world. The consumption of fruit spreads is during breakfast is increasing. Furthermore, they are also being used in bakery products in Asia-Pacific, which is projected to witness the fastest growth during the forecast period.
Global Fruit Spreads Market, by Type
Global Fruit Spreads Market, by Fruit
Global Fruit Spreads Market, by Distribution Channel
Global Fruit Spreads Market, by Region
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 10.3 Billion |
CAGR | 3.1% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, By Fruit, By Distribution Channel, and By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Polaner Inc. (U.S.), Cascadian Farm Inc. (U.S.), The J. M. Smucker Company (U.S.), Rigoni di Asiago USA LLC (U.S.), Really Good Stuff Inc. (U.S.), Walden Farms Inc. (U.S.), Santa Cruz Natural Incorporated (U.S.), Crofters Food Ltd. (Canada), Clearspring Ltd. (U.K), Small Planet Foods Inc. (U.S.) |
Key Market Opportunities | consumers willingness to try new products have boosted the demand for fruit spreads |
Key Market Drivers | Hectic lifestyles and increased preference for convenience foods |
Fruit spreads market is projected to grow at a 3.1% CAGR between 2022- 2030.
Europe is expected to dominate the fruit spreads market.
Fruit spreads market is predicted to touch USD 10.3 billion by 2030.
Key players profiled in the fruit spreads market include Small Planet Foods, Inc. (U.S.), Clearspring Ltd. (U.K), Crofters Food Ltd. (Canada), Santa Cruz Natural Incorporated (U.S.), Walden Farms, Inc. (U.S.), Really Good Stuff, Inc. (U.S.), Rigoni di Asiago USA LLC (U.S.), The J. M. Smucker Company (U.S.), Cascadian Farm, Inc. (U.S.), and Polaner Inc. (U.S.).
Marmalades, jellies, jams, and others are the different types of fruit spreads.