Fruit Spreads Market - Forecasts from 2019 to 2024

Fruit spreads market is projected to grow at a CAGR of 4.15% to reach US$7.205 billion in 2024 from US$5.647 billion in 2018. The growing adoption and preference towards the use of canned foods or jarred foods are one of the drivers driving the growth of the global fruit spreads market. The fruit spread products are widely available in the market which includes jams, jellies and fruit preserves. Increasing health consciousness with the changing dietary conditions will further emanate the market growth in the forecast period due to the provision of the concentrated source of nutrition by the fruit spreads. Example of health benefits of fruit spreads include a rich source of vitamin C, have antioxidant properties and are also known to reduce the risk of neural tube defects along with other health benefits during fetal and normal development. High-quality fruit spreads available are mostly fiber-rich and contain less sugar than the conventional jams, jellies, and fruit preserves.

Drivers

Expanding food retail industry
Changing lifestyle

INDUSTRY UPDATE
In June 2019, Dalmatia spreads a Croatia based company added three new flavours to its already extensive line up of fruit spread to expand its consumer base specially in United States.

The major players profiled in the Fruit Spreads market are General Mills (Small Planet Foods, Inc.), Crofters Food Ltd., The J.M. Smucker Company, B&G Foods, Inc., Cremica food industries ltd., Santa Cruz Natural Incorporated, Unilever, Bionaturae, LLC, Meridian Foods Limited and Welch’s.

Segmentation

The Fruit spreads market has been analyzed through the following segments:

By Product Type

Jams
Jellies
Fruit preserves

By Distribution channel

Online
Offline

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Other

Asia Pacific
China
Japan
South Korea
India
Others