United Kingdom Food Spreads Market Analysis, Share, Growth & Forecast 2031
United Kingdom Food Spreads Market Analysis, Share, Growth & Forecast 2031
Segments - United Kingdom Food Spreads Market by Products Types (Fruit-based Spreads, Honey, Chocolate-based Spread, Nut and Seed-based Spread, and Others), Distribution Channels (Online Retailers, Convenience Stores, Supermarket/Hypermarket, and Others), Country (United Kingdom) - United Kingdom Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-3521
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| 219 Pages
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Report Description
The United Kingdom Food Spreads Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.37% during the forecast period, 2023 – 2031. The growth of market is attributed to changing eating preferences and growing demand for western food across Europe.
Food spread has always been a primary part of breakfast in the western region and slowly its demand is increasing worldwide. In the United Kingdom market jam and jelly is becoming a dominating factor of food spread segment followed by chocolate spread due to numerous private label present in the market.
Surging demand for indulgent products is also considered one of the factors driving the development of new and innovative products in the food spread market.
With the growing trend in the market amongst the consumer towards the consumption of plant-based and clean label products offer several new opportunities for the manufacturers to develop healthy and innovative spreads to cater the ascending demand of the population.
In the developing countries the food spread market is estimated to witness a significant growth owing to rise of innovative spreads.
However, the increasing price of raw materials such as sugar, cocoa, and fruits is anticipated to act as an obstacle in growth of the market also the concern towards effect on health on frequent consumption of sugar and can adversely affect the growth of the market during the forecast period.
United Kingdom Food Spreads Market Trends, Drivers, Restraints, and Opportunities
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Growing demand for western food across the region is expected to drive the market during the forecast period.
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Increasing number of private label brands is estimated to be one of the factors in boosting the market.
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Rising trend of clean labeled and plant-based product is anticipated to spur the market during the projected period.
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Growing demand for food spreads in developing market in expected to propel the market in the coming years.
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High procurement cost for raw materials act as one of the factor hampering the growth of the market during the projected period.
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Awareness towards adverse effect on health of daily consumption of fats and sugar possess a challenge that can hinder the market growth during the forecast period.
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R&D and technological advancement on development of innovative and healthier plant based spread for the changing dietary preference of the market creates a lucrative opportunities for the key players in the market.
Scope of the United Kingdom Food Spreads Market
The report on the United Kingdom food spreads market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Food spreads market – United Kingdom Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products Types (Fruit-based Spreads, Honey, Chocolate-based Spread, Nut and Seed-based Spread, and Others), Distribution Channels (Online Retailers, Convenience Stores, Supermarket/Hypermarket, and Others) |
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Country |
United Kingdom |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Unilever; Upfield; Stute Foods; Histon Sweet Spreads Limited; Ferrero. |
United Kingdom Food Spreads Market Segment Insights
The fruit-based segment is expected to exhibit high CAGR
Based on the products types, the market is segregated into fruit-based spreads, honey, chocolate-based spread, nut and seed-based spread, and others. The fruit-based segment is expected to exhibit high CAGR during the forecasted period owing to the other spreads available in the market.
Fruits based spread is considered healthier among all of them furthermore population primarily uses fruits spreads more for the baking operations rather than used in breakfast are some of the major factors Europeans are shifting their preference towards fruit based spreads.
The online retailers segment is expected to hold a key share of the market
On the basis of distribution channels, the market is segregated into online retailers, convenience stores, supermarket/hypermarket, and others. The online retailers segment is expected to hold a key share of the market in the coming years due to busy lifestyle people prefer ordering online rather than going to market, saves more time and money also some of the players are not available of the supermarket shelves and found usually on online platforms and at an affordable price than one’s in supermarket.
However supermarket/hypermarket segment is expected to grow at a steady pace owing to availability, presentation, and accessibility of wide variety of products available on the shelves for the consumers to choose from in a real time basis.
Segments
The United Kingdom food spreads market has been bifurcated on the basis of
Product types
- Fruit-based Spreads
- Honey
- Chocolate-based Spread
- Nut and Seed-based Spread
- Others
Distribution Channels
- Online Retailers
- Convenience Stores
- Supermarket/Hypermarket
- Others
Country
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United Kingdom
Key Players
- Unilever
- Upfield
- Stute Foods
- Histon Sweet Spreads Limited
- Ferrero
Competitive Landscape
Key players competing in United Kingdom food spreads market include Unilever; Upfield; Stute Foods; Histon Sweet Spreads Limited; and Ferrero.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Spreads 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 Spreads Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Spreads Market - Supply Chain
4.5. Global Food Spreads Market Forecast
4.5.1. Food Spreads Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Spreads Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Spreads Market Absolute $ Opportunity
5. Global Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
6. North America Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
7. Latin America Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
8. Europe Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
9. Asia Pacific Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Spreads 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 Spreads 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 Spreads Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Food Spreads Market: Market Share Analysis
11.2. Food Spreads Distributors and Customers
11.3. Food Spreads Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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