Global Nut Based Spread Market - Growth, Trends and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||613151|
|出版日期||內容資訊||英文 100 Pages
|全球堅果抹醬市場:成長，趨勢，及預測(2020年∼2025年) Global Nut Based Spread Market - Growth, Trends and Forecast (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 100 Pages||
Global nut-based spread market is projected to register a CAGR of 7% during the forecast period, 2019 to 2024.
Global nut-based spread market is segmented by Product Type into Peanut-based spreads, Almond based spreads, Walnut-based spreads, Cashew based spreads, Hazelnut-based spreads, Other Product Types. Others category includes coconut and macadamia nut, pecan, and pistachio-based butter and spreads. By Distribution Channel the market is fragmented into Hypermarket/Supermarket, Convenience Stores, Specialist Retailers, Online Retail and Other Channels. The Geographical analysis of the market has also been added.
Hazelnut Spreads Is The Fastest Growing Segment
Hazelnut spreads is the second largest segment with only almond spreads ahead of it. Hazelnut also contributes to the chocolate and other nut-based spreads. Consumers seeking for various healthy options of spreads are also boosting the hazelnut market. The consumers who follow a plant-based diet are the major users of nut based spreads. The major players are making use of this opportunity to produce protein-rich spreads from plant sources. The high sugar content of the hazelnut chocolate spreads has negatively impacted the market as the consumers are becoming more health conscious and are looking for low sugar substitutes.
North America is the Largest Market For Spreads
North American spreads market is a well-established market and the production of nut-based spreads in the region is self-sufficient. Nut-based spreads were established in the North American market at the initial stages of the product introduction and is a part of the American breakfast. The United States is the largest market in North America and accounts for around 30% of the region's share. Increasing demand for low-fat spreads is a major factor 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 i.e. free from additives like artificial sugars, gelling agents, etc.
Global nut-based spread market is a highly concentrated market with the major 4-5 players holding more than 60% of the market share. JM Smucker's, Kraft Foods Group, ConAgra Foods Inc., and Hormel Foods Corporation dominate the market. Apart from the major players, there are many other players competing in the market.