Europe Nut-Based Spreads Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.22 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Nut-Based Spreads Market Analysis
Europe nut-based spreads market is projected to register a CAGR of 6.22 % during the forecast period, 2022-2027.
The market for nut-based spread is rising as customer preferences for convenience goods have grown along with a development in health and wellness awareness that has led to a preference for plant-based and dairy-free food concepts. Due to the presence of beneficial nutrients such as essential fatty acids, high protein, and carbohydrates, more and more consumers are switching from traditional jam and preserves to nut-based spreads for breakfast. To cater to the segment of the consumer base that is calorie-concerned, manufacturers have introduced low-fat, less sugar, nut-based spreads with very few calories. For instance, in February 2020, Whole Earth Ltd released Hazelnut and Chocolate peanut butter, made without any refined sugar and simply sweetened with dates, the limited edition spread has 80% less sugar than the standard chocolate spread.
Moreover, European people started living healthier lifestyles during post covid epidemic and became more aware of their health. As a result, consumers are increasingly consuming products made from hazelnuts, which are associated with a lower risk of getting heart disease. Hence, owing to changing consumer preferences the nut-based spread market will register further growth.
Europe Nut-Based Spreads Market Trends
This section covers the major market trends shaping the Europe Nut-Based Spreads Market according to our research experts:
Inclination Towards Plant-based Food Products
The market for nut-based spreads in Europe is expanding more rapidly as a result of consumer demand for plant-based food products. Nut-based spreads contain vital elements including healthy fat, vitamins, minerals, phytochemicals, and antioxidants that support the maintenance of healthy cells for improved immune health. Adding on, fitness/weight-loss-oriented consumers along with the vegan population perceive nuts as a great protein alternative creating a huge opportunity for almond spreads, hazelnut spreads, and peanut butter as they are more convenient and versatile over dairy-based spreads. As a result, new entrants are concentrating on launching an innovative range of food spreads infused with healthy ingredients to capture consumer interest. For instance, in April 2022, the UK-based startup company Nuccy launched a new range of nut-based butter, featuring Ashwagandha in each of three flavors including Almond Coco, Peanut Coco, and Hazel Coco. Further, the company claims that the butter range is naturally vegan, sugar-free, and palm oil free.
United Kingdom Dominates the Europe Nut-Based Spreads Market
Nut-based spread is increasingly accepted by the U.K.'s population as an on-the-go convenience option as bread is a staple food throughout the country, usually consumed along with spreads such as jams, butter, etc. The natural and healthy appeal of nut-based spreads has bolstered the segment's growth in the country. Moreover, this trend has led to a higher consumer acceptance of different formats where products are even inclusive of seeds to boost products' health profiles. Innovations in the UK market are inclusive of flavors, such as salt, and spicy, and seeds, such as sunflower, chia, pumpkin, and linseed, to develop a crunchy profile. The continuous demand within the nut butter category has led to the emergence of new players having a list of diversified offerings and products that are appealing to consumers on a new level of health, convenience, and sustainability. For instance, Meridian Foods claims to be the first UK nut butter brand to launch a line with 100% nuts, no palm oil, sweeteners, or salt. The company at present offers 6 nut varieties, from traditional 'Peanut', all the way to 'Peanut & Berry' and 'Cashew', while considering these innovations as important differentiators in an increasingly saturated market.
Europe Nut-Based Spreads Industry Overview
The market for nut-based spreads in Europe is extremely competitive due to the existence of numerous national and international competitors who offer a wide variety of nut-based spreads and innovate new products by adding different ingredients such as honey, and chocolate, among others. The market is dominated by leading players such as SHS Group, The Hershey Company, Unilever PLC, Pip & Nut LTD., and The Hain Celestial Group, Inc., among others. Apart from product innovation, key brands are focusing on strategic partnerships and strengthening their hold over online and offline distribution channels to sell their products through various supermarkets, and online grocery stores. For instance, in March 2022, Pip & Nut collaborated with Crosstown to launch its Limited Edition peanut butter spread, namely, Cinnamon Scroll Almond Butter.
Europe Nut-Based Spreads Market Leaders
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The Hershey Company
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Unilever PLC
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SHS Group
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PIP & NUT LTD.
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The Hain Celestial Group, Inc.
*Disclaimer: Major Players sorted in no particular order
Europe Nut-Based Spreads Market News
- In January 2022, B.T. Sweet, Ltd. a Food-tech start-up announced the launch of Cambya hazelnut and chocolate spreads with low sugar in the United Kingdom market.
- In December 2021, Superfoodio a plant-based snacks startup has announced the launch of revolutionary on-the-go peanut butter buttons product line in the market with four different flavors of butter such as Coco Crunch, Original, Original Plus, and PBJ.
- In January 2021, J M Smucker declared the launch latest Creamy Peanut Butter Spread under the brand Jif and the product is Non-GMO and preservatives free.
Europe Nut-Based Spreads Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Peanut Based Spreads
- 5.1.2 Hazelnut Based Spreads
- 5.1.3 Almond Based Spreads
- 5.1.4 Walnut Based Spreads
- 5.1.5 Others
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5.2 By Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Online Retail Stores
- 5.2.4 Other Distribution Channels
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5.3 Geography
- 5.3.1 Spain
- 5.3.2 United Kingdom
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 Italy
- 5.3.6 Russia
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 SHS Group
- 6.3.2 Whole Earth
- 6.3.3 Unilever PLC
- 6.3.4 PIP & NUT LTD.
- 6.3.5 The Hershey Company
- 6.3.6 Hormel Foods, LLC
- 6.3.7 The J M Smucker Company
- 6.3.8 Ericspeanuts Ltd,
- 6.3.9 Windmill organic ltd
- 6.3.10 The Hain Celestial Group, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
** Subject To AvailablityEurope Nut-Based Spreads Industry Segmentation
Nut-based spread is a food spread made from different nuts such as cashews, peanuts, almonds, and hazelnuts. Nut-based spreads can be crunchy or creamy and come in various flavors. The Europe nut-based spreads market (henceforth referred to as the market studied) is segmented by product type, distribution channel, and geography. By product type, the market is segmented into peanut-based spreads, hazelnut-based spreads, almond-based spreads, walnut-based spreads, and other product types. Based on distribution channels, the market is bifurcated into hypermarkets/supermarkets, convenience stores, online retail, and other channels. It provides an analysis of emerging and established economies in Europe comprising Spain, the United Kingdom, Germany, France, Italy, Russia, and the Rest of Europe. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| By Product Type | Peanut Based Spreads |
| Hazelnut Based Spreads | |
| Almond Based Spreads | |
| Walnut Based Spreads | |
| Others | |
| By Distribution Channel | Supermarkets/Hypermarkets |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels | |
| Geography | Spain |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Nut-Based Spreads Market Research FAQs
What is the current Europe Nut-Based Spreads Market size?
The Europe Nut-Based Spreads Market is projected to register a CAGR of 6.22% during the forecast period (2024-2029)
Who are the key players in Europe Nut-Based Spreads Market?
The Hershey Company, Unilever PLC , SHS Group, PIP & NUT LTD. and The Hain Celestial Group, Inc. are the major companies operating in the Europe Nut-Based Spreads Market.
What years does this Europe Nut-Based Spreads Market cover?
The report covers the Europe Nut-Based Spreads Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Nut-Based Spreads Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Nut-Based Spreads Industry Report
Statistics for the 2024 Europe Nut-Based Spreads market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Nut-Based Spreads analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
