Nut Based Spread Market Size, Industry Trends Report | 2030

Segments - Nut-Based Spread Market by Product Type (Peanut-based spreads, Hazelnut-based spreads, Almond based spreads, Walnut-based spreads, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialist Retailers, Online Retail, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The global nut- based spread market size is estimated to register a substantial CAGR of above 7% during the forecast period, 2021–2028. The growth of the market is attributed to Increasing awareness among the consumer regarding the benefits of low calorie spreadwill, nutritional benefits of the spreads, and the different mouthfeel from normal spreads.

Global Nut Based Spread Market Key Takeaways

The Covid-19 pandemic had an adverse impact on the nut- based spread. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

Growing trends of food spreads as a part of breakfast is expected to drive the market during the forecast period.
Increasing demand of tastier and high quality product is anticipated to surge the market in coming years.
Rising affordability of product in developed and developing economies is likely to enhance the growth of the nut based spread market, and projected to fuel the nut- based spread market over the forecast period.
Increasing preferences of nut based spreads is estimated to boost the growth of the nut based spread market.
R&D investment and technological advancement in nut- based spread market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on nut- based 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	Nut-Based Spread Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Product Type (Peanut-based spreads, Hazelnut-based spreads, Almond based spreads, Walnut-based spreads, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialist Retailers, Online Retail, and Others)
Regions	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Kraft Foods; Nestle; Unilever Group; J.M. Smucker; ConAgra Foods; and Sioux Honey Association

Market Segment insights

The hazelnut-based spreads segment is projected to constitute a large market share

Based on product type, the nut- based spread market is segregated into peanut-based spreads, hazelnut-based spreads, almond based spreads, walnut-based spreads, and others. The hazelnut-based spreads segment is expected to account for a key share of the market during the forecast period as it contributes to the chocolate and other nut based spreads and consumers being aware of healthy applications of hazelnut; however, high sugar content of the hazelnut chocolate spreads has adversely impacted the market as the consumers are becoming more health conscious and are looking for low sugar substitutes

Global Nut Based Spread Market Product Types

The hypermarket/supermarket segment is expected to register a substantial CAGR

Based on distribution channel, the nut- based spread market is divided into hypermarket/supermarket, convenience stores, specialist retailers, online retail, and others. The hypermarket segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to large number of options and abundance of stock at a particular place, which act as major connivance for the consumers; however, online retail segment is anticipated to expand at a rapid pace during the forecast period owing to factors such as home delivery and rising prevalence of e-commerce.

North America is expected to dominate the market

In terms of regions, the market is broadly classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a robust CAGR during the forecast period. Production of nut based spreads in the region is self sufficient which is expected to drive the market growth in near future. United States is the largest market in North America and accounts for around 30% of the region's share. Furthermore, increasing demand for low fat spreads is driving the nut- based spreads in North America. Major brands such as Nutella are dominating the market and coming up with various innovations such as spreads made with natural ingredients, for instance, free from additives like artificial sugars, gelling agents and others.

Segments

The nut- based spread market has been segmented on the basis of:-

Product Type

Peanut-based spreads
Hazelnut-based spreads
Almond based spreads
Walnut-based spreads
Others

Distribution Channel

Hypermarket/Supermarket
Convenience Stores
Specialist Retailers
Online Retail
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Companies

Kraft Foods
Nestle
Unilever Group
J.M. Smucker
ConAgra Foods
Sioux Honey Association

Competitive Landscape

Key players competing in the nut- based spread market include Kraft Foods; Nestle; Unilever Group; J.M. Smucker; ConAgra Foods; and Sioux Honey Association

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Global Nut Based Spread Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nut-Based 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. Nut-Based Spread Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Nut-Based Spread Market - Supply Chain
  4.5. Global Nut-Based Spread Market Forecast
     4.5.1. Nut-Based Spread Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nut-Based Spread Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Nut-Based Spread Market Absolute $ Opportunity
5. Global Nut-Based 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. Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
6. North America Nut-Based 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 Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
7. Latin America Nut-Based 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 Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
8. Europe Nut-Based 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 Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
9. Asia Pacific Nut-Based 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 Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
10. Middle East & Africa Nut-Based 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 Nut-Based 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 Nut-Based Spread Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Nut-Based Spread Market: Market Share Analysis
  11.2. Nut-Based Spread Distributors and Customers
  11.3. Nut-Based Spread Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Kraft Foods Nestle Unilever Group J.M. Smucker