How big is the Food Spreads Market?

The Food Spreads Market size is expected to reach USD 31.47 billion in 2024 and grow at a CAGR of 3.42% to reach USD 37.23 billion by 2029. Read More

What is the current Food Spreads Market size?

In 2024, the Food Spreads Market size is expected to reach USD 31.47 billion. Read More

Who are the key players in Food Spreads Market?

The J. M. Smucker Company, Unilever PLC, Ferrero International S.A., The Hershey Company and Hormel Foods LLC are the major companies operating in the Food Spreads Market. Read More

Which is the fastest growing region in Food Spreads Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Food Spreads Market?

In 2024, the North America accounts for the largest market share in Food Spreads Market. Read More

What years does this Food Spreads Market cover, and what was the market size in 2023?

In 2023, the Food Spreads Market size was estimated at USD 30.43 billion. The report covers the Food Spreads Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Spreads Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Spreads Market - Size, Share & Industry Analysis

Food Spreads Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Food Spreads Market Size and the market is segmented by Product Type (Honey, Chocolate-Based Spreads, Fruit-Based Spreads, Nut and Seed Based Spreads, and Other Product Types); by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Food Spreads Industry Overview

Unilever PLC, The Hershey Company, Ferrero International S.A. (Nutella), Conagra Brands Inc. (Dunken Hines), Hormel Foods LLC, and The J M Smucker Company (Jif, Smucker's) are some of the major players in the global market. These companies provide a range of food spreads, including natural and conventional choices for consumers. Mergers and acquisitions between companies are helping the market to grow at a faster rate. Product innovations and increasing demand for vegan spreads are one of the drivers for the market. Market players are focused on consumer demand, innovating products by considering the food trends and changing the food habits of consumers. In April 2022, a Marico brand Saffola launched Saffola Peanut Butter. Jaggery substitutes refined sugar in Saffola Peanut Butter. It provides 31% of the RDA for protein and includes no refined sugar. It is available in two variants: "Crunchy' and "Creamy."