Opportunities in the Global Syrups & Spreads Sector 2024

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

The global syrups & spreads sector was valued at $42.8 billion in 2023 and is set to reach $52.3 billion in 2028, registering a CAGR of 4.1% during 2023-28. In volume terms, the sector was estimated to be 5.5 billion kg in 2023, and it is forecast to reach 6.1 billion kg registering a CAGR of 2.4% during 2023-28. In 2023, the sweet spreads was the largest category in terms of value, accounting for a share of 53.9%, and it was followed by jams, jellies & preserves, with a share of 26.4%. Sweet spreads category also held the highest volume share globally in 2023.

Key Highlights

• Consumers across the world are becoming more health-conscious as obesity and lifestyle diseases become more prevalent. Low-sugar options are gaining popularity in categories such as jams, jellies & preserves and sweet spreads, as consumers become more health-conscious.
• In addition, consumers are increasingly demanding products with simple, familiar and natural ingredients with minimal additives. Sustainable packaging is a crucial aspect of the industry's commitment to environmental responsibility.
• Consumers are seeking ways to reduce plastic usage in their daily life and are favouring products that feature renewable packaging that has minimal impact on the planet.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global syrups & spreads sector, analyzing data from 108 countries. It includes analysis of the following -

• Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
• Change in consumption: Provides an overview of consumption changes in the syrups & spreads sector over 2018-28 at global and regional levels.
• High-potential countries: Provides risk-reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
• Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2023-28 and key trends.
• Competitive environment and brand shares: Provides an overview of the leading companies and brands at global and regional levels. Market shares of brands and private labels in each region are also detailed.
• Key distribution channels: Provides an analysis of the leading distribution channels in the global syrups & spreads sector in 2023. It covers hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries and warehouse clubs, "dollar stores", variety stores & general merchandise retailers, department stores, vending machines, drugstores & pharmacies, and other retail channels.
• Packaging analysis*: The report provides percentage share (in 2023) and growth rate analysis (during 2018-28) for various pack materials, pack types, closures, and primary outer types based on volume sales of syrups & spreads.

Reasons to Buy

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates