Global Food Spreads Market Outlook to 2023: J.M. Smucker Co, Land O’Lakes and Unilever Group are Leading the Competition - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Global Food Spreads Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
Global food spread market is expected to register a CAGR of 3.5% during the forecast period, 2018-2023.
Consumer Preference for Clean Label Solutions
A majority of consumers in developed countries are looking for food spreads without any artificial preservatives or additives, as the continuous use of artificial additives gradually leads to long-term adverse health effects. The purpose of adding flavoring agents, preservatives, and sweeteners is to develop different product varieties with extended shelf-life. Natural additives are comparatively costlier, and they do not sustain product quality over extended periods.
However, several large manufacturers have introduced spreads/buttery spreads with no artificial preservatives and flavor addition. Unilever has transformed its existing butter spread portfolio toward real/natural products with plant-based oil, salt, water, and no artificial additives.
The aim of clean labels is to drive the sustainability of the product and provide great taste. The leader in food spreads, J.M. Smucker has expanded its spread product range with the launch of honey and fruit spread with natural ingredients. The honey spread market is a growing market in the North America and Europe in terms of clean labelling.
Key HighlightsHoney is the Fastest Growing Segment North American Demand for Spreads is on a High
Notable Market DevelopmentsHersheys launched two new chocolate spreads. The spreads come in chocolate almond and chocolate hazelnut variants. It also launched three products aiming to spread Happiness and Goodness. Hersheys Spreads are available in two flavor variants, Cocoa and Cocoa with Almond. White Chocolate, healthy version of Nutella, has been launched in Lidl. The healthy alternative has no added sugar, no palm oil and with added protein.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesB&G Foods Conagra Foods Inc. Ferrero Group Freedom Foods Group Ltd. Hormel Foods LLC J.M. Smucker Company Kraft Heinz Co. Land O’lakes Inc. National Grape Co-operative Association Nature Food Company Nestle Sioux Honey Association The Hain Celestial Group The Hershey Company Unilever
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Related Topics:Jellies, Preserves and Spreads
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 09/27/2018 07:22 AM/DISC: 09/27/2018 07:22 AM