Fruit spreads are concentrated fruit juices that contain nearly 30-60% water content. The major ingredients used for preparation of fruit spreads are sugar and pectin. These spreads comes in different types such as marmalades, jellies, jams, preserves, conserves, and butter. The final product is differentiated on the basis of amount of water content present in it. Fruit spreads are available in different flavors depending upon the type of fruit selected. Global Fruit Spreads Market is estimated to grow significantly at a CAGR of over 3.3%
Fruit spreads are considered nutritive and healthy food owing to high amount of vitamins, proteins, and fiber which is driving the global fruit spreads market. Additionally, presence of preservatives in fruit spreads makes it more stable and can be used for a longer time period; this attracts the consumer towards fruit spreads. Furthermore, manufacturers are highly focused on preparing fruit spreads for baked foods and savory snacks; this is likely to uplift the global fruit spreads market over the review period.
Furthermore, increasing development to improve flavors of fruit spreads is likely to surge the growth of global fruit spreads market. Moreover, high demand for fruit spreads in breakfast meals and accessibility of low-priced fruit spreads from different brands is anticipated to drive the growth of global fruit spreads market. However, presence of artificial thickening and stabilizing agent in fruit spreads may cause adverse health concerns associated with the consumption, which is likely to hamper the market growth over the forecast period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 3.3% of fruit spreads market during the forecast period 2017-2023.
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Some of the key players profiled in the global fruit spreads market:
- Polaner Inc. (U.S.),
- Cascadian Farm, Inc. (U.S.),
- The J. M. Smucker Company (U.S.),
- Rigoni di Asiago USA LLC (U.S.),
- Really Good Stuff, Inc. (U.S.),
- Walden Farms, Inc. (U.S.),
- Santa Cruz Natural Incorporated (U.S.),
- Crofters Food Ltd. (Canada),
- Clearspring Ltd. (U.K),
- Small Planet Foods, Inc. (U.S.)
- The demand for fruit spreads is increasing among the breakfast food manufacturers
- France, Germany, and the Netherlands are the major consumers of fruit spreads
- Consumers are showing high inclination towards fruit spreads in the form of jams
North America is expected to show a higher growth rate in the fruit spreads market over the forecast period 2017-2023. The U.S. accounts for a higher consumption of fruit spreads. Moreover, rise in the health conscious population and shifting inclination towards natural products has surged in the demand for fruit spreads market in this region. Additionally, growing demand for nutritive, healthy and sugar-free fruit spreads is likely to uplift the North American fruit spreads market.
Furthermore, high demand for fruit spreads in breakfast meals and bakery products is considered to be a key driving factor in this region.
Fruit spreads are segmented on the basis of product type, which includes marmalades, jellies, jams, preserves, conserves, butter, and others. In this segment, jams is dominating the market owing to high consumption in breakfat meal.
On the basis of fruit, the fruit spreads market is segmented in blackberry, red tart cherry, concord grape, citrus fruits, raspberry, strawberry, gourmet pear, and others. Among all the fruits, the citrus fruits are dominating the market followed by strawberry owing to longer shelf-life and higher product stability.
On the basis of the distribution channel, the fruit spreads are segmented into store-based and non-store based distribution channel. However, store-based distribution channel is dominating the market based on one-stop shopping experience.
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This market research report further provides insight on various levels of analysis such as industry analysis, market share analysis as well as leading market players and their profiles. This report also helps in studying target consumer segments by providing views on emerging and high-growth segments and market size. Together the market data comprise and discuss primary valuations on the competitive scenarios and strategies of the North American fruit spreads market including high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides views of historical market values as well as pricing and cost analysis of the same.
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