India Spread (Jam, Honey, Butter, Cheese, Choco) Market Outlook, 2023

  • ID: 4591097
  • Report
  • Region: India
  • 113 Pages
  • Bonafide Research
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FEATURED COMPANIES

  • Agro Tech Foods Limited
  • Dabur India Limited
  • Dr. Oetker India Pvt Ltd
  • Hindustan Unilever
  • Parag Milk Foods Limited
  • Patanjali Ayurved Limited
  • MORE

‘India Spread (Jam, Honey, Butter, Cheese, Choco) Market Outlook, 2023’ gives a comprehensive analysis of the Spread industry in India. The India Spread market majorly consists of cheese spread, butter spread, peanut spread, honey spread, chocolate spread, jams, jellies and preserves and other spreads like sandwich spread, green chutney, imly chutney, etc. Owing to the benefits such as increasing awareness for healthy breakfast, rising consumer spending on ready-to-eat food items, and presence of comparatively higher number of Tier-l and Tier-ll cities, the market is blooming these days.

Of all these spreads, the honey is dominating the market with more than 50% share, owing to the associated health benefits of honey, such as antimicrobial and immunity boosting properties. Honey and Butter is the major contributor having more than 75% of the market share in the year 2016-17. All these products are segmented into their types and end users i.e. retail and institutional. Other spread which includes green chutney, special sandwich spread, imly chutney etc is expected to have market value around INR 125 crore at the end of forecast period. And it has highest CAGR during review period which was more than 25%. Jams, Jellies and Preserve have least growth rate being oldest category after honey in the country. Retail sales have dominance over institutional in overall spread market in the year 2016-17.

Covered in the Report:

  • India Spread Market
  • India jam Market
  • India Honey Market
  • India Butter Market
  • India Cheese Market
  • India Choco Spread Market

"India Spread (Jam, Honey, Butter, Cheese, Choco) Market Outlook, 2023" discusses the following aspects of Spread in India:

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The report gives an in-depth understanding of the Spread Market in India:

  • India Spreads Market Size by Value & Forecast
  • India Spreads Market Segmental Analysis: By Company, By Product Type, By End User
  • India Butter Market
  • India Butter Market Segmental Analysis: By Company, By Product Type, By End User
  • India Cheese Spread Market
  • India Cheese Spreads Market Segmental Analysis: By Company, By Product Type, By End User
  • India Chocolate Spread Market
  • India Chocolate Spreads Market Segmental Analysis: By Company, By Product Type, By End User
  • India Peanut Butter Market
  • India Peanut Butter Market Segmental Analysis: By Company, By Product Type, By End User
  • India Honey Market
  • India Honey Market Segmental Analysis: By Company, By Product Type, By End User
  • India Jams, Jellies and Preserves Market
  • India Jams, Jellies and Preserves Market Segmental Analysis: By Company, By Product Type, By End User
  • India Other Spreads Market- Average Selling Price
  • Product, Variant & Pricing Analysis
  • Product Variant Information
  • Key Vendors in this market space
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agro Tech Foods Limited
  • Dabur India Limited
  • Dr. Oetker India Pvt Ltd
  • Hindustan Unilever
  • Parag Milk Foods Limited
  • Patanjali Ayurved Limited
  • MORE

1. Executive Summary

2. India Spread Market Outlook
2.1. Market Size By Value
2.1.1. Overall Market
2.1.2. Overall Market (By End User )
2.2. Market Share
2.2.1. By Company
2.2.2. By End User
2.2.3. By Product Type

3. India Cheese Spread Market Outlook
3.1. Market Size
3.1.1. By Value
3.1.2. By Volume
3.2. Market Share
3.2.1. By Type
3.2.2. By Company
3.2.3. By End User

4. India Butter Spread Market Outlook
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share
4.2.1. By Type
4.2.2. By Company
4.2.3. By End User

5. India Peanut Butter Market Outlook
5.1. Market Size
5.2. Market Share
5.2.1. By Company
5.2.2. By Flavour/Type

6. India Honey Market Outlook
6.1. Market Size
6.1.1. Overall Market (By Organized vs Unorganized)
6.1.2. Overall Market (By End User)
6.2. Market Share
6.2.1. By Company
6.2.2. By Type

7. India Chocolate Spread Market Outlook
7.1. Market Size
7.1.1. Overall Market
7.2. Market Share
7.2.1. By Company
7.2.2. By Type

8. India Jams, Jellies and Preserves Market Outlook
8.1. Market Size
8.1.1. Overall Market
8.2. Market Share
8.2.1. By Company
8.2.2. By Flavours

9. India Other Spread Market Outlook

10. India Economic Snapshot

11. Policy & Regulatory Landscape

12. PEST Analysis

13. Trade Dynamics
13.1. Import
13.2. Export

14. India Spread Market Dynamics
14.1. Key Drivers
14.2. Key Challenges

15. Market Trends & Developments
15.1. Innovative Product Development with New Flavours
15.2. Healthy Food Items
15.3. Growing trend of Spreads in Middle Class
15.4. Increasing use of Internet and Television for learning Cooking
15.5. Rising number of QSRs

16. Competitive Landscape
16.1. Porter's Five Forces
16.2. Company Profiles
16.2.1. Gujarat Co-operative Milk Marketing Federation Ltd
16.2.2. Agro Tech Foods Limited
16.2.3. Dr. Oetker India Pvt Ltd
16.2.4. Dabur India Limited
16.2.5. Ferrero India Private Limited
16.2.6. Hershey India Private Limited
16.2.7. Hindustan Unilever
16.2.8. Mapro Foods Private Limited
16.2.9. Parag Milk Foods Limited
16.2.10. Britannia Dairy Private Limited
16.2.11. Mother Dairy Fruit & Vegetable Private Limited
16.2.12. Patanjali Ayurved Limited
16.2.13. Scandic Food India Private Limited

17. Strategic Recommendations

18. Disclaimer

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FEATURED COMPANIES

  • Agro Tech Foods Limited
  • Dabur India Limited
  • Dr. Oetker India Pvt Ltd
  • Hindustan Unilever
  • Parag Milk Foods Limited
  • Patanjali Ayurved Limited
  • MORE

“As Butter is equal to Amul, Chocolate Spread is equal to Nutella in India spread market”

Italian confectionery major Ferrero is the another name for chocolate spreads in the country, as it is having a dominating share in the chocolate spread market, primarily due to its popularity on the social media, especially among the elite consumers.

Most recently, Nutella has caught the fancy of the urban youth who use it in innovative ways to make breakfast more interesting. It is a cool brand for young and old people, and it also enjoys the tag of being a western favourite, and this perception is being encashed by the company in a way that has led to a word-of-mouth advertisement for the brand, especially among the young elite class of the country, who love to share their routines with a hashtag.

According to the report "India Spread (Jam, Honey, Butter, Cheese, Choco) Market Outlook, 2023", the chocolate spreads market in the country is expected to rise up to more than INR 300 crores in the forecast period 2022-23 owing to the factors like widespread acceptance of bread in daily diets majorly among urban population. Also, increasing use of chocolate spreads as a substitute to butter owing to its low fat content, high nutritive value and easy spread-ability at refrigeration temperatures over food products such as ice cream toppings, croissants, instant hot chocolate are some of the key factors bolstering the market growth. Total chocolate spread market is anticipated to have growth rate more than 15% during forecast period.  Though, it has negligible market share in the total spread market around 4%.

The increasing trend for snackification is fuelling the growth of chocolate based spreads market during the forecast period. In addition to this, the chocolate hazelnut spread is becoming an integral part of every breakfast. Manufacturers are also offering low calorie, gluten free and reduced fat chocolate hazelnut spread to cater increasing demand from health consciousness people especially in the developed markets.

Nutella has two type of variants under chocolate spread: Chocolate Spread and Hazelnut Spread with Cocoa. Ferrero is manufacturing chocolate spread domestically while it imports hazelnut spread. It is important to note that even though Nutella has not launched any advertisement campaign in the country for its chocolate spread, the company has managed to gain a dominating share in the market. It is so, because people are now aware about the product due to word-of-mouth. It is mainly compete with Hershey's choco spread and Dr. Oetker's Funfoods in the country.  

Chocolate spreads are consumed majorly in a form of spread on toasts, breads and other bakery products such as pancakes, muffins, pitas, waffles and additional flavours. The plain chocolate spread is dominating the market with more than 65% share, and this is expected to decrease in future. Increasing trend in the market is on the account of increasing awareness for healthy breakfast, rising consumer spending on ready to eat food items, and presence of comparatively higher number of Tier-l and Tier-ll cities, which are the major demand generators of chocolate spreads in the country.

Note: Product cover images may vary from those shown
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  • Gujarat Co-operative Milk Marketing Federation Ltd
  • Agro Tech Foods Limited
  • Dr. Oetker India Pvt Ltd
  • Dabur India Limited
  • Ferrero India Private Limited
  • Hershey India Private Limited
  • Hindustan Unilever
  • Mapro Foods Private Limited
  • Parag Milk Foods Limited
  • Britannia Dairy Private Limited
  • Mother Dairy Fruit & Vegetable Private Limited
  • Patanjali Ayurved Limited
  • Scandic Food India Private Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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