Nut Based Spreads Market size was estimated at $xx Million in 2020 and is expected to reach $xx Million by 2027, growing at a CAGR of 10.5% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Nut Based Spreads Market Growth and Trends
Consumers looking for various healthy choices and who follow a plant based food plan are the most important users of nut based spreads. The predominant players are making use of this opportunity to produce protein rich spreads with low sugar content and free from components like synthetic sugars and gelling agents to widen their market. Allergies related with the use of peanut butter has led to the decline in the peanut butter market and consequently led to increased consumption of different nut-based spreads. High penetration of private label brands which are providing competition to major manufacturers in terms of product innovation and price hasforced many well established international manufacturers to differentiate their products from those produced by local producers, leading to product innovation in the market. Increased competition is also leading to higher affordability of nut-based spreads in the market, hence growing the purchaser base. As the variety of supermarket brands and non-public labels is increasing in the nut-based market, the buyers have an option of switching from standard brands to low rate private manufacturers without negotiating with quality or taste.
Nut Based Spreads Market Regional Analysis
More consumers prefer nut-based spreads due to their diverse mouth-feel as compared to ordinary spreads. This increased demand will see the nut-based spreads market hit a projected value of $11.5 billion by the end of year 2025. At the moment, North America enjoys the largest share in this market, with the United States making the biggest contribution. Europe and Asia-Pacific promises to show significant development during the forecast period. Major players in the nut-based spreads market include Kraft Foods Group, J.M. Smucker, Unilever Group, Nestle, Hormel Foods Corporation, Ferrero Group, Welch Foods Inc., Sioux Honey Association and ConAgra Foods Inc. among others.
Nut Based Spreads Market Share and Competition
Key companies operating in this industry are: Kraft Foods, Nestle, Unilever Group, J.M. Smucker, ConAgra Foods, Sioux Honey Association, B & G Foods, Ferrero, Hershey and Welch Foods.
Nut Based Spreads Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Peanut Based Spread
• Almond Based Spread
• Walnut Based Spread
• Cashews Based Spread
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Convenience Store
• Online Store
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Nut Based Spreads Market Companies
• Kraft Foods
• Unilever Group
• J.M. Smucker
• ConAgra Foods
• Sioux Honey Association
• B & G Foods
• Welch Foods
United States Nut Based Spreads Market Research Report
Europe Nut Based Spreads Market Research Report
Asia Pacific Nut Based Spreads Market Research Report
India Nut Based Spreads Market Research Report
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