Categories
Health

Price increased more than $12 since Russian invasion of Ukraine
The Global Sweet Spread Market size is expected to reach $1. 5 billion by 2027, rising at a market growth of 3. 5% CAGR during the forecast period. Spread is a term used for food with the spreadable property.
New York, Feb. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Sweet Spread Market By Packaging, By Product Type, By Distribution Channel, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027" – https://www.reportlinker.com/p06241035/?utm_source=GNW
Such foods are usually spread by a knife on other edibles like bread & others. Sweet spreads are available in many forms such as marmalades, jellies, jams, chocolate spreads, nut-based spreads, and many others. This kind of spread is consumed widely as a daily diet across the world.

The demand for a vegan diet is growing continuously due to the rising concern of consumers toward rising health issues as well as because of various environmental & ethical reasons. Dairy alternative sweet spreads which are produced from plant-based ingredients are gaining immense popularity among many consumers. Consumers are rising demand for food products that provide them with particular benefits like protein supplement, energy booster.

Sweet spreads can be natural as well as man-made. These are generally used as toppings for other edibles like bread, crackers, and other food products. These products are usually found in the bottled and tinned form. These spreads are used in other food items mainly to enhance the taste, flavour, texture and colour of the dish. Sweet spreads are gaining immense popularity mainly for a healthy and quick breakfast option.

COVID-19 Impact Analysis

The widespread COVID-19 pandemic has affected all industries. Various restrictions imposed to curb the effect of COVID-19 resulted in disruption of supply chains, lesser production due to shortage of workforce and raw material. Also, the demand for various products declined due to declined income and unemployment, especially during the second quarter of 2020.

Whereas, the sweet spread market has recorded high demand for sweet spread products during the pandemic period. This is because the customers preferred to have a simplified routine and shifted toward the consumption of products that may save their time spent on cooking, particularly during the pandemic. Various sweet spreads contain magnesium, iron, and a good amount of protein which has resulted in high demand for them over and after the pandemic period.

Market Growth Factors:

Growing Demand for Organic Food Product:

The demand for sweet spread food products is rising continuously mainly among the vegan people. Consumers are demanding edibles with natural ingredients. Traditional flavors are gaining immense popularity among consumers due to their unique taste and the benefits of organic ingredients. In addition, rising awareness among the consumers regarding the nutritious value of these products is also fuelling the demand for sweet spreads food items.

Rising health awareness

With the continuous rise in health issues, health awareness is also increasing among the people. Consumers are shifting towards the consumption of healthy food, mainly premium, exotic products which are expected to rise the demand for various nutritious rich food products. In addition, the consumers are demanding the high-quality diet which has various health benefits along with great taste. This is resulting in a considerable change in the diet preferences of consumers and a shift from unhealthy to healthy food.

Market Restraining Factors:

High Production Cost

Most of the spread food items are made by using natural ingredients such as cocoa powder, peanut, almonds, and other premium products. The demand for these ingredients is continuously growing among all age groups across the world. Though, the prices of raw materials such as fruits, almonds sugar and essential ingredients keep on fluctuating. Most of the time the hike in prices result in high production cost and high market retail price which makes such spreads unaffordable for middle-class consumers.

Packaging Outlook

Based on packaging, the sweet spread market is fragmented into glass and plastic. In 2020, the glass segment dominated the sweet spread market with maximum revenue share. The consumers’ preference towards the glass packaging as a non-toxic, reusable and premium material has resulted in high demand of sweet spread products with glass packaging.

Product Type

On the basis of product type, the sweet spread market is segmented into chocolate spread jam, jelly & preserve and nut-spread. The chocolate spreads segment witnessed significant revenue share in the sweet spread market in 2020. The high demand of the chocolate spread is because the uses of it in making various bakery products like cakes, muffins, etc. Also, the chocolate spreads are widely consumed with breads as a delicious as well as healthy breakfast option.

Distribution Channel Outlook

By distribution channel, the sweet spread market is divided into supermarket/ hypermarket, grocery & convenience store and online retail. The grocery & convenience store segment accounted for significant revenue share in the sweet spread market in 2020. The sweet spread products are easily available in the grocery stores with the wide range of brands and prices that enables consumers to choose the most suitable one for them. The wide range offered by these stores attracts the consumers resulting in growth of the segment as well as the sweet spread market.

Regional Outlook

Region wise, the sweet spread market is analysed in North America, Europe, Asia Pacific, and LAMEA. In 2020, the Europe region emerged as the leading region in the overall sweet spread market by collecting the maximum revenue share. This is because the European region is among the largest producer of sweet spread products. Also, the countries such as Germany, France and the United Kingdom consume the spread in large quantities. These spreads are also widely used in bakery products and various desserts which is responsible for the high demand for such products in the European region.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Andros Group, Premium Vegetable Oils Sdn Bhd, Conagra Brands, Inc., PepsiCo, Inc. (Pioneer Foods), Ferrero Group, Unilever PLC, Hormel Foods Corporation, Dabur India Ltd., Mondelez International, Inc., and The Hershey Company (Hershey Trust Company).

Strategies deployed in Sweet Spread Market

Jan-2022: Mondel?z International took over Chipita Global, a company demonstrating high growth potential in the central and eastern European croissants and baked snacks category. Through this acquisition, the company would bolster its vision, and aimed to expedite growth in core snacking adjacencies, and simultaneously increase its reach in major markets.

Sep-2021: Ferrero India, a division of Ferrero Group, one of the world’s leading manufacturers of chocolate and confectionery products, introduced Kinder Creamy, an affordable mini snack for kids. Through this launch, the company would enter into the snacking segment and would strengthen its position in India’s sweet packaged foods segment.

Jul-2021: Dabur rolled out Dabur Honey Tasties, a honey-infused sweet, healthy, and No Added Sugar take on the classic sugary Chocolate and Strawberry syrups. Through this launch, the company expanded its most reliable Healthcare brand Dabur Honey. The new Dabur Honey Tasties are powered by honey’s sweetness and nutrition, are enhanced with Vitamin D, and include no added sugar, allowing consumers to enjoy the rich, tempting chocolate and strawberry flavors without compromising their health. It boosts energy and is high in vitamins, antioxidants, and minerals, all of which assist to increase immunity.

Oct-2020: Hindustan Unilever introduced peanut butter to its Kissan food and refreshment line (F&R) products. Through this launch, the company expanded its offerings of sweet spreads, including jams, marmalades, sugar, nut-based spreads, and others. Moreover, the company aimed to align with the mothers, especially from South India where mothers are searching for nutritive and convenient food solutions for their children.

Scope of the Study

Market Segments covered in the Report:

By Packaging

• Glass

• Plastic

By Product Type

• Jam, Jelly & Preserve

• Chocolate spread

• Nut-spread

• Others

By Distribution Channel

• Supermarket/Hypermarket

• Grocery & Convenience store

• Online Sales Channel

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Andros Group

• Premium Vegetable Oils Sdn Bhd

• Conagra Brands, Inc.

• PepsiCo, Inc. (Pioneer Foods)

• Ferrero Group

• Unilever PLC

• Hormel Foods Corporation

• Dabur India Ltd.

• Mondelez International, Inc.

• The Hershey Company (Hershey Trust Company)

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06241035/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

The Department for Business, Energy and Industrial Strategy said the average price of a litre of petrol at UK forecourts on Monday was 149.22p.
Centrica, owner of Britain's largest energy suppler British Gas, said on Tuesday it would exit its gas supply agreements with Russian counterparts, principally Gazprom. British energy companies, including BP and Shell, have moved to exit Russian operations following Russia’s invasion of Ukraine. Centrica has a supply agreement with Gazprom Marketing & Trading (the UK entity) through which gas can be sourced from the open market and this does not necessarily mean Centrica is directly supplied with gas from Russia.
Sterling rose on Tuesday against the euro and fell versus a strengthening dollar as investors awaited speeches from Bank of England officials and watched for developments on the Russia-Ukraine crisis. Markets will pay attention to any comments from the BoE about the impact of the Ukraine conflict on its plans to hike interest rates as a surge in oil and other commodity prices has underpinned risks to Britain's economic growth, investors said. BoE members of the Monetary Policy Committee Michael Saunders and Catherine Mann are set to speak later in the day.
Infographic 2021 Annual Report Ahold Delhaize Ahold Delhaize publishes 2021 Annual Report Zaandam, the Netherlands, March 2, 2022 – Ahold Delhaize today publishes its 2021 Annual Report, an integrated report that provides an overview of the Company’s financial and ESG performance in 2021. The Annual Report will be on the agenda of the Annual General Meeting of Shareholders (AGM), which will be held on April 13, 2022. Later today the 2022 AGM convocation and meeting agenda will be published.Frans
Vladimir Putin is to roll out a temporary ban on foreign investors selling their assets in Russia in a move that risks derailing plans by BP and Shell to cut ties with the country.
The owner of British Gas plans to exit its gas supply agreements with Russian companies, most notably Gazprom, 'as a matter of urgency'.
FRANKFURT (Reuters) -German diversified group Bayer is aiming for a return to growth in adjusted core earnings this year as higher profit at its agriculture division would likely be tempered by investments in new genetic treatment technologies. Earnings before interest, tax, depreciation and amortisation (EBITDA) before special items should reach 12 billion euros ($13.4 billion) in 2022, when adjusted for currency swings, up 7% from 11.18 billion euro last year, the company said in a statement on Tuesday. Bayer reported its fourth-quarter adjusted EBITDA was flat at 2.4 billion euros, in line with the average analyst forecast, resulting in a 2.5% decline for the full year due to higher costs, negative currency effects and drug development spending.
Stephen Wright identifies three stocks that he thinks are trading below their intrinsic value for March 2022. The post 3 dirt-cheap value stocks to buy in March appeared first on The Motley Fool UK.
(Reuters) -The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it. The United States sanctioned Nord Stream 2 AG last week after Russia recognised two breakaway regions in eastern Ukraine prior to its invasion of the country, which has prompted a wave of economic sanctions by the West. Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant Gazprom, last year completed the $11 billion project which was designed to double the capacity to pump gas from Russia to Germany.
Polymetal's falling share price has left the Russian gold miner with a 26% dividend yield. Roland Head looks at the risks and explains what he'd do. The post Can the Polymetal share price recover from its 75% fall? appeared first on The Motley Fool UK.
Netflix said Wednesday it plans to buy Finnish developer Next Games for more than $70 million, signaling the US streaming giant's intent to expand into the video gaming industry.
AVIVA is handing nearly £5 billion to shareholders, giving £1000 in shares to 22,000 staff and spending £385 million on wealth management business Succession Wealth. Blanc today unveiled plans to give investors £3.75 billion of the proceeds from those sales, on top of a £1 billion share buyback plan already announced. The annual report, also out today, shows that Blanc was paid £3 million this year including a bonus of £1.76 million.
Drug-Device Combinations Global Market Drug-Device Combinations Global Market Dublin, March 01, 2022 (GLOBE NEWSWIRE) — The "Global Markets for Drug-Device Combinations" report has been added to ResearchAndMarkets.com's offering. The current report will provide a detailed introduction to and exploration of the drug-device combination market. Growth of the global market is attributed to the factors such as the wide range of potential applications of drug-device combinations, the increasing numbe
Major players in the market are Airbus SE, DJI Technology Co. Ltd, Flirtey, EHANG, Zipline, Uber Technologies Inc. , United Parcel Service of America Inc. , Alibaba Group Holding Ltd, Deutsche Post AG, Skycart, FedEx Corporation, Amazon, Wing Aviation LLC, Skycatch, Inc, JD.New York, March 01, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Delivery Drones Global Market Report 2022" – https://www.reportlinker.com/p06241264/?utm_source=GNW com, Matternet Inc. and Th
Marketing Resource Management Market Research Report by Component (Services and Solution), by Industry (Aerospace & Defense, Automotive & Transportation, and Banking, Financial Services & Insurance), by End User, by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19New York, March 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Marketing Resource Management Market Research Report by Compon
Regulars at Caddies bar and grill in Bethesda, Maryland can still get a classic cocktail made with vodka, ginger beer and lime, but it now comes with a different name — a Kyiv Mule.
A cargo airline owned by a former Soviet military colonel and one-time ally of Vladimir Putin is free to fly its jumbo jets into the UK, The Telegraph can reveal.
Faster growth of output, new orders and stocks of purchases all helped lift the gauge in February, offsetting the impact of slower job creation.
The Greatland Gold (LSE: GGP) share price was a multi-bagger in 2020, then collapsed in 2021. Here's what could be in store in 2022. The post Why the GGP share price has collapsed, and why it might climb again appeared first on The Motley Fool UK.
Airbnb will host up to 100,000 refugees fleeing Ukraine for free following the Russian invasion, its co-founder and CEO Brian Chesky has announced.

source

Leave a Reply

Your email address will not be published.