This Brics Sweet Savoury Spreads market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Brics Sweet Savoury Spreads market.
The sweet and savoury spreads market is increasing owing to the increasing demand for sweet and savoury spreads that match the quick-paced lives of current consumers. The sweet and savoury spreads introduced to the market by the major market players are projected to various taste innovations and advancements to gain a competitive advantage over the other market players. The food industry is witnessing a rise in the consumption of sweet and savoury spreads owing to which the sweet and savoury spreads market is expected to grow effectively.
Ferrero brand in Russia has gained greater profits with its Nutella brand owing to great taste and perfect commercialization of the market. One of the leading names in the sweet and savoury spreads market, Nutella spreads are finding new ways to reach their prospects and expand their business of sweet chocolate spreads. Working together with their customers across the globe, the company has launched their Vegan Nutella spread on an online platform in the United Kingdom. The sweet and savoury spreads market is expected to proliferate in the coming years with easy and quick availability of such sweet and savoury spreads to the audience, thereby contributing to increased sales and distribution of the product.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Sweet and savoury spread market in India and China is expected to show double digit growth with a healthy CAGR.
On the basis of type sweet and savoury spread market is segmented into Honey, Jam and preserves, Nut and seed based spreads, Chocolate spread, Yeast based spreads. On the basis of region sweet and savoury spreads market is segmented into North America, Asia Pacific, Europa and Rest of the world.
Spread market in Brazil is highly fragmented owing to the presence of various regional players. Hindustan Unilever Limited launched various spreads such as Bread spread, Kissan creamy spreads. Some other spreads are mayonnaise based spreads that includes flavours such as classic mayonnaise, tomato twist and cheesy garlic. Kissan also added products such as Fruit Kick Spreads and fruity sweet spreads that were targeted at calorie conscious teenagers. In Russia changing lifestyle, busy schedule and shortage of time for making home-made preserves, storage issues promotes the usage of readymade spreads. In Russia manufacturers offer wide range of preserves and jams which is not feasible to be made at home. In China Frutarom set up new manufacturing unit in Shanghai in order to capture various opportunities in savoury sector
Key players in the Indian spread market are Dabur India Limited, Unilever, Good food group A/S Presently Kiviks Markmav Indústria Alimentícia Ltd is the leading player in the Brazil that constantly launches new flavours such as Mulberry, Blueberry, and Blackcurrant. Some other versions are Ginger, Lemon and Mango chutney. Sweet and savoury market is highly consolidated as various acquisitions are there in the industry such as Hindustan Unilever limited acquired Kissan from the United Breweries Group. In Russia Ferrero is the leading player in the sweet and savoury spread industry. Nutella is the renowned brand of Ferrero. Despite of having only one well-known brand company has strong position in the market due to the strong distribution network, aggressive marketing activities and prominent role of Nutella in chocolate spread market. Ratibor is major player in the jams and preserve market in Russia. Recently Hindustan Unilever decided to separate its spread business into standalone business in order to boost the sale of spread brands such as Flora. Sweet and savoury spreads market in Brazil is expected to show growth with low CAGR owing to the changing preferences of the customers for other spread products such as cheese spreads
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps qualitative impact of various market factors on market segments and various geographies.
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Report covers exhaustive analysis on
- Market Segments
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Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
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