Asia Pacific Food Spread Market

Asia Pacific Food Spread Market by Product Types (Chocolate-based Spread, Fruit-based Spread, Honey, Nut- and Seed-based Spreads, and Others), Distribution Channels (Convenience Stores, Online Retail Stores, Specialist Retailers, Supermarkets/Hypermarkets, and Others), and Geography (India, Japan, China, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-2999
  • Author: Growth Market Reports
  • Rating: 4.3
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  • No. Of Pages: 216
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The Asia Pacific food spread market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for natural and nutritious spreads, as well as consumers’ inclination for artisan bakery items.


Asia Pacific Food Spread Market

Food spreads have become an important  portion of breakfast. The demand for low-calorie food spreads have grown due to increase in health awareness among customers. Numerous brands in the business are offering chocolate-based spreads so that these food spreads can be used as dips.

Sweet spreads, such as sticks, jams and nut butter, perform a fundamental part in the regular diet of people. They are commonly utilized in baked wheat items, containing bagels, bread, doughnuts, and toasts, as a piece of breakfast or snack. Moderate utilization of sweet spreads helps in diminishing the danger of cardiovascular sicknesses, and providing nutrients, minerals, amino acids, and different supplements. These spreads have increased their application in various food & desserts, including cakes, flapjacks, frozen yogurts, plunges, salad dressings, pudding, and smoothies.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand in the food & beverage industry is expected to drive the market growth.
  • Growing health consciousness among consumers is anticipated to spur the growth of market.
  • Increasing demand for preserves and gourmet jams, which are considered luxury commodities and are mostly used for gifting, is positively influence the growth of the market.
  • Artificial sweeteners and flavors are used in sweet spreads, which can hinder the growth of the market.
  • Fall in bread sales due to rising preference for cereals can hamper the growth of the market.
  • High cost of raw materials such as cocoa, sugar, and fruits can create challenges for the market.
  • Experimentations with new flavors and ingredients are estimated to create lucrative opportunities during the projected timeline.

Scope of the Report

The Asia Pacific food spread market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific Food Spread Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Chocolate-based Spread, Fruit-based Spread, Honey, Nut- and Seed-based Spreads, and Others), Distribution Channels (Convenience Stores, Online Retail Stores, Specialist Retailers, Supermarkets/Hypermarkets, and Others)

Geographical Scope

India, Japan, China, Australia, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cremica Agro Foods Limited; Unilever PLC; The J.M. Smucker Company; Ferrero Group; and The Hershey Company

Asia Pacific Food Spread Market Segment Insights

Nut- & seed-based spreads segment to hold a major market share

In terms of product types, the market is categorized as chocolate-based spread, fruit-based spread, honey, nut- & seed-based spreads, and others. The nut & seed-based spreads segment is projected to expand at a considerable CAGR during the forecast period due to rising preference for peanut butter has led to availability of different nut-based butters, such as those based on cashews, hazelnuts, almonds, and walnuts. Nut-based butter and spreads have become general products between consumers, owing to their health benefits and easy accessibility.


Asia Pacific Food Spread Market

Supermarkets/hypermarkets segment is anticipated to exhibit a high CAGR

On the basis of distribution channels, the Asia Pacific food spread market is classified as convenience stores, online retail stores, specialist retailers, supermarkets/hypermarkets, and others. The supermarkets/hypermarkets segment is expected to constitute a key share of the market during the projected period, as supermarkets & hypermarkets deliver high reflectivity and smart variety of spread products to customers. This allows them to realize new variation and recognize the tags and distinguish better between products. Moreover, supermarket chains are often visited stores for buying grocery  products.

China is anticipated to constitute a key market share

Based on geography, the Asia Pacific food spread market is segregated into India, Japan, China, Australia, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the projected period due to westernization, which has increased the demand for processed foods. Increased ingesting of bread in the country is propelling the country’s market growth.


Asia Pacific Food Spread Market

Segments

Segments Covered in the Report

The Asia Pacific food spread market is segmented on the basis of:

Product Types

  • Chocolate-based Spread
  • Fruit-based Spread, Honey
  • Nut- and Seed-based Spreads
  • Others

Distribution Channels

  • Convenience Stores
  • Online Retail Stores
  • Specialist Retailers
  • Supermarkets/Hypermarkets
  • Others

Geography

  • India
  • Japan
  • China
  • Australia
  • Rest of Asia Pacific

Key Players

  • Cremica Agro Foods Limited
  • Unilever PLC
  • The J.M. Smucker Company
  • Ferrero Group
  • The Hershey Company

Competitive Landscape

The key players competing in the Asia Pacific food spread market are Cremica Agro Foods Limited; Unilever PLC; The J.M. Smucker Company; Ferrero Group; and The Hershey Company.

Asia Pacific Food Spread Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Spread Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Spread Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Spread Market - Supply Chain
  4.5. Global Food Spread Market Forecast
     4.5.1. Food Spread Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Spread Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Spread Market Absolute $ Opportunity
5. Global Food Spread Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Spread Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Spread Demand Share Forecast, 2019-2026
6. North America Food Spread Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Spread Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Spread Demand Share Forecast, 2019-2026
7. Latin America Food Spread Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Spread Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Spread Demand Share Forecast, 2019-2026
8. Europe Food Spread Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Food Spread Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Spread Demand Share Forecast, 2019-2026
9. Asia Pacific Food Spread Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Spread Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Spread Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Spread Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Spread Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Spread Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Spread Market: Market Share Analysis
  11.2. Food Spread Distributors and Customers
  11.3. Food Spread Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Asia Pacific food spread market is segmented on the basis of:

Product Types

  • Chocolate-based Spread
  • Fruit-based Spread, Honey
  • Nut- and Seed-based Spreads
  • Others

Distribution Channels

  • Convenience Stores
  • Online Retail Stores
  • Specialist Retailers
  • Supermarkets/Hypermarkets
  • Others

Geography

  • India
  • Japan
  • China
  • Australia
  • Rest of Asia Pacific

Key Players

  • Cremica Agro Foods Limited
  • Unilever PLC
  • The J.M. Smucker Company
  • Ferrero Group
  • The Hershey Company

The key players competing in the Asia Pacific food spread market are Cremica Agro Foods Limited; Unilever PLC; The J.M. Smucker Company; Ferrero Group; and The Hershey Company.

Asia Pacific Food Spread Market

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