• About us
  • Contact Us
  • Submit a Press Release
Saturday, January 28, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
TheEast-Africana
No Result
View All Result
Submit PR
  • Ethiopia

    Botswana’s mining cadastre reveals hydrocarbon scramble…

    Rwanda, Botswana Police Forces Sign Cooperation Pact – KT PRESS

    From Pope Benedict XVI to Jacinda Ardern: The Challenge of Poor Health versus National Leadership – THISDAY Newspapers

    Uganda to Start Manufacturing Anti-Tick Vaccines

  • Kenya

    Eswatini: Government's message of condolence on passing of … – African Business

    Minister of Finance Neal Rijkenberg announces that Southern African Customs Union (SACU) receipts for Eswatini will increase by 102% in 2023/2024, the highest the country has ever received

    Türk condemns killing of Eswatini human rights lawyer, urges accountability

    Africa Live: UN rights chief condemns killing of Eswatini activist

  • Rwanda

    Lesotho: Zaly Challenges Dismissal – allAfrica.com

    Union Finance Minister Nirmala Sitharaman chairs Finance Ministers’ session of Voice of Global South Summit and highlights the role of G20 in helping the world navigate through multiple crises

    The Lesotho Evangelical Church of Southern Africa (LECSA) Leads Royal Family Prayer

    Under 19 WT20I WC : India thrash Sri Lanka, Rwanda stun Windies

  • Uganda

    Uganda ditches China on SGR – Kampala – Independent

    Farmers from Kenya, Uganda & Mozambique to Get Fertilizers

    EXCLUSIVE: How CAA Top Brass Sabotaged Certification of Entebbe Airport, Delaying Uganda Airlines Flights to UK

    Museveni urges overseas travel ban for Uganda MPs

  • MORE COUNTRIES
    • Burundi
    • Comoros
    • Djibouti
    • Eritrea
    • Ethiopia
    • Kenya
    • Madagascar
    • Malawi
    • Mauritius
    • Mozambique
    • Rwanda
    • Seychelles
    • Somalia
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • AFRICA
    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

  • Press releases
    Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

    Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

    Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

    Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

    Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

    Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

    Green Hydrogen Market To Surpass USD 7,314 Million Threshold By 2027: Exclusive Report by MarketsandMarkets™

    Green Hydrogen Market To Surpass USD 7,314 Million Threshold By 2027: Exclusive Report by MarketsandMarkets™

    Chromatography Instruments Market worth $11.0 billion by 2025

    Chromatography Instruments Market worth $11.0 billion by 2025

    The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

    The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

    Trending Tags

    • Ethiopia

      Botswana’s mining cadastre reveals hydrocarbon scramble…

      Rwanda, Botswana Police Forces Sign Cooperation Pact – KT PRESS

      From Pope Benedict XVI to Jacinda Ardern: The Challenge of Poor Health versus National Leadership – THISDAY Newspapers

      Uganda to Start Manufacturing Anti-Tick Vaccines

    • Kenya

      Eswatini: Government's message of condolence on passing of … – African Business

      Minister of Finance Neal Rijkenberg announces that Southern African Customs Union (SACU) receipts for Eswatini will increase by 102% in 2023/2024, the highest the country has ever received

      Türk condemns killing of Eswatini human rights lawyer, urges accountability

      Africa Live: UN rights chief condemns killing of Eswatini activist

    • Rwanda

      Lesotho: Zaly Challenges Dismissal – allAfrica.com

      Union Finance Minister Nirmala Sitharaman chairs Finance Ministers’ session of Voice of Global South Summit and highlights the role of G20 in helping the world navigate through multiple crises

      The Lesotho Evangelical Church of Southern Africa (LECSA) Leads Royal Family Prayer

      Under 19 WT20I WC : India thrash Sri Lanka, Rwanda stun Windies

    • Uganda

      Uganda ditches China on SGR – Kampala – Independent

      Farmers from Kenya, Uganda & Mozambique to Get Fertilizers

      EXCLUSIVE: How CAA Top Brass Sabotaged Certification of Entebbe Airport, Delaying Uganda Airlines Flights to UK

      Museveni urges overseas travel ban for Uganda MPs

    • MORE COUNTRIES
      • Burundi
      • Comoros
      • Djibouti
      • Eritrea
      • Ethiopia
      • Kenya
      • Madagascar
      • Malawi
      • Mauritius
      • Mozambique
      • Rwanda
      • Seychelles
      • Somalia
      • South Sudan
      • Tanzania
      • Uganda
      • Zambia
      • Zimbabwe
    • AFRICA
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    • Press releases
      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      Green Hydrogen Market To Surpass USD 7,314 Million Threshold By 2027: Exclusive Report by MarketsandMarkets™

      Green Hydrogen Market To Surpass USD 7,314 Million Threshold By 2027: Exclusive Report by MarketsandMarkets™

      Chromatography Instruments Market worth $11.0 billion by 2025

      Chromatography Instruments Market worth $11.0 billion by 2025

      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

      Trending Tags

      Submit PR
      No Result
      View All Result
      TheEast-africana
      Submit PR
      Home Press Releases

      Sweet Spread Market Size to Grow at a CAGR of 3.3% During the Forecast Period 2021-2026

      admin by admin
      February 27, 2022
      in Press Releases
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, February 27, 2022 ) Sweet Spread Market size is estimated at $1.2 billion in 2020, projected to grow at a CAGR of 3.3% during the forecast period 2021-2026. Sweet spreads are both natural and man-made foods that are frequently used as toppings on foods such as bread, crackers, and other bakery items. Foods are enhanced with spreads to improve their taste, flavour, texture, and colour like chocolate spreads. They’re most commonly found in tinned and bottled form. Nuts, honey, dairy, fruits, yeast, and other ingredients are frequently used to make sweet spreads. The growth of the sweet spread industry can be attributed to the surge in popularity of quick and healthful morning meal replacements among office workers. Rising innovation is increasing market demand for spreads, as well as satisfying shifting customer tastes. Some instances include youngberries and Blenheim apricot jams & jellies. Infusionz honey and Manuka honey have recently been introduced to the market in a variety of fruit-based jams and jellies, would drive up Sweet Spread industry demand.

      Sweet Spread Market Segment Analysis – By Product Type:

      Based on Product Type, Chocolate Spreads Segment accounted for the largest revenue market share in 2020 owing to private label items competing against well-known global brands. The market for chocolate spreads is witnessing rising demand, particularly from parents concerned that their children aren’t getting a regular breakfast that meets their likes and preferences. Chocolate spreads are often made with cocoa and may also include milk, sugar, and other tastes. Nuts or honey are included in some variants. Glass jars or plastic tubs are commonly used to store chocolate spread. Furthermore, the rising income level of the target customers would have a positive effect on product demand thereby, driving the Sweet Spread Industry. Honey segment is anticipated to grow with the fastest CAGR of 4.7% in the forecast period 2021-2026 as the low-calorie spreads have emerged as a result of consumers’ growing health consciousness. Rising consumer expenditure on ready-to-eat food items is driving segment growth, owing to benefits such as increased awareness of the need of a healthy breakfast.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=509516

      Report Price: $ 5900 (Single User License)

      Sweet Spread Market Segment Analysis – By Distribution Channel:

      Based on Distribution Channel, E-Commerce accounted for the largest revenue market share in 2020 owing towards ease of availability of a wide selection of products in various flavors and uses as in various flavouring ingredient given by all brands at reasonable discounts. The growing number of smartphone and internet users is the primary driver of sector growth. These businesses give cash back and home delivery services, which contribute to the market’s growth. Customers frequently purchase sweet spreads with various flavors like chocolate spreads, honey and others from online websites in order to save time due to the increasingly hectic lifestyle. Major corporations, such as Big Basket, are collaborating with internet shops to broaden their customer base. They also create their online portals and websites to promote the growth of the market in order to increase product sales driving the Sweet Spread Industry. Supermarket/Hypermarket is anticipated to grow with the fastest CAGR of 4.1% in the forecast period 2021-2026. Supermarkets are attempting to engage customers and make them a part of the meal preparation process. Many include cooking workshops and recipes, as well as food pairing suggestions and new ways to use traditional items like peanut butter, jams, jellies, and preserves. Such activities set supermarket purchasing apart from that of larger, mass merchandisers, resulting in segment growth.

      Sweet Spread Market Segment Analysis – By Geography:

      Based on Geography, North America Sweet Spread Market accounted for the 43% revenue share in 2020. Jam, jelly, and preserve producers in North America have been observed employing ripe and semi-ripe fruits, fruit juice, honey, chocolate spreads as well as sugar alternatives to make their goods more colourful and tasty. Forwarding incorporation is being used by manufacturers in this country to increase their involvement in the value chain. A new trend in this sector is expected to be the combination of processes from inbound logistics to after-sales services. This is expected to result in higher-quality and lower-cost finished goods that deliver optimal output and lifetime value. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing to higher product intake which propel the Sweet Spread Market.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=509516

      Sweet Spread Market – Drivers

      The Growing Demand for Organic Food Product:

      Sweet spreads are becoming increasingly popular around the world, as people seek for components that are both healthy and vegan. Consumer demand for exotic honey and chocolate spreads, fruit content in products, and natural/organic claims are all growing in popularity. Traditional flavours are dominating the market, despite the introduction of sweet spreads with increased health benefits and a variety of taste profiles. Also, the rise in demand for convenience meals can be seen more prominently in developing countries, as per capita food expenditure rises in tandem with per capita income is further aiding to the industry expansion.

      Sweet Spread Market – Challenges

      High Production Cost:

      The Sweet Spread Market’s growth is hampered owing to the high production cost of the key ingredients, product safety standards, government regulation of policy and the use of alternative technology. The market’s growth is being hampered by a lack of raw materials. Furthermore, the rise in popularity of cereals and the reduction in bread sales are limiting its market expansion. Growing public awareness of the dangers of certain preservation chemicals is also a key hindrance to the market’s expansion.

      Sweet Spread Market – Landscape:

      The Sweet Spread Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Sweet Spread Market top 10 companies are ConAgra Foods Inc., Duerr& Sons, Pioneer Foods, Uniliver Group, Dr. Oetker, HERSHEY’S, Nestle, Glanbia Consumer Foods, Kraft Foods, Ferrero Group.

      Acquisitions/Product Launches:

      In August 2020, Foodarom, a custom taste creator located in Canada, was acquired by Glanbia Consumer Foods for $45 million. By acquiring it, Glanbia is better aligning itself with market demand for flavour solutions.

      In June, 2020, Kerry expands its nutritional food range owing to increasing demand of vegan, organic and allergen-free products. This expansion helps to increase the development in food and beverage sector and thus expanding the market growth.

      Key Takeaways

      Sweet Spread Market growth is being driven by consumers desire to eat jellies as their favourite dessert, which is met by manufacturers through a variety of products tailored to the preferences of consumers.

      Geographically, North America Sweet Spread Market held the largest revenue share of 40% in 2020 owing to the growing product consumption. The scope of the Sweet Spread Market for various regions will be provided in the final report.

      The Sweet Spread Industry is expanding owing to adoption of a new lifestyle and the high disposable income of middle-class households, consumers’ preferences have moved dramatically towards these products.

      Increasing cases of emergency food quality test failures and rising health problems in younger population hampers the Sweet Spread industry.

      Related Reports :

      A. Specialty Sweeteners Market

      https://www.industryarc.com/Research/Specialty-Sweeteners-Market-Research-509524

      B. Sweet Biscuit Market

      https://www.industryarc.com/Research/Sweet-Biscuit-Market-Research-509517

      For more Food and Beverage related reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Smoke Evacuation System Market Size Projected to Reach $1,500 Million by 2026

      Next Post

      MEMS Pressure Sensor Market Size Forecast to Reach $2.2 Billion by 2026

      Related Posts

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)
      Press Releases

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      January 21, 2023
      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029
      Press Releases

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      January 21, 2023
      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement
      Press Releases

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      January 21, 2023
      Chromatography Instruments Market worth $11.0 billion by 2025
      Press Releases

      Chromatography Instruments Market worth $11.0 billion by 2025

      January 20, 2023
      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023
      Press Releases

      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

      January 20, 2023
      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period
      Press Releases

      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

      January 20, 2023

      Discussion about this post

      LATEST NEWS

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      January 26, 2023
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      January 26, 2023
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      January 26, 2023
      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      January 26, 2023

      About

      The East Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

      We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. Submit a press release or contact us today.

      Categories

      ETHIOPIA

      KENYA

      RWANDA

      UGANDA

      MORE COUNTRIES

      AFRICA

      PRESS RELEASES

      Recent Post

      Recent Posts
      • Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya
      • The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.
      • The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Subscribe to Our Newsletter

        Share Us

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest

        Contact Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia
        The East Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
        No Result
        View All Result
        • Ethiopia
        • Kenya
        • Rwanda
        • Uganda
        • MORE COUNTRIES
          • Burundi
          • Comoros
          • Djibouti
          • Eritrea
          • Ethiopia
          • Kenya
          • Madagascar
          • Malawi
          • Mauritius
          • Mozambique
          • Rwanda
          • Seychelles
          • Somalia
          • South Sudan
          • Tanzania
          • Uganda
          • Zambia
          • Zimbabwe
        • AFRICA
        • Press releases

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest
        © 2023 The-East-Africana