India Spreads Market Size, Share, Growth Report 2022-2027

by Jaswanth D

India Spreads Market Overview:

According to the latest report by IMARC Group, titled “India Spreads Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the India spreads market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India spreads market reached a value of US$ 202.80 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 674.20 Million by 2027, exhibiting a CAGR of 22.40% during 2022-2027.

A spread is a type of condiment that is applied to various food products like bread, crackers, waffles, and pancakes. It is an essential part of the everyday diet in various regions, especially as breakfast or snacks. Spreads include jams, jellies, and kinds of butter, which are added to enhance the flavor, texture, and palatability of food products. They are usually prepared from milk, butter, fruits, nuts, cocoa, herbs, and spices. Spreads are also a rich source of nutrients including, vitamins, minerals, and amino acids. They are gaining popularity among the Indian population as they can be used as dressings, dessert glaze, jellies, cake icing, and snack dips.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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India Spreads Market Trends and Drivers:

The India spreads market is primarily driven by the growing penetration of western food trends. Rapid urbanization has resulted in hectic schedules and sedentary lifestyles among consumers, thereby increasing the demand for quick, healthy, convenient, and on-the-go meal options.

In addition to this, the significant growth of the FMGC sector is also facilitating the market growth in India. Furthermore, the rising health consciousness is increasing the need for low-fat and -sugar spread variants.

Manufacturers are investing in R&D activities to launch natural and organic products with clean-label ingredients and prolonged shelf life. On account of these factors, the market is expected to continue its growth in the upcoming years.

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India Spreads Market 2022-2027 Analysis and Segmentation:

 Competitive Landscape:

 The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  •  Hindustan Unilever Limited (Unilever)
  • G.D. Foods Manufacturing India Pvt. Ltd.
  • Mapro Foods Pvt. Ltd
  • Ferrero India Pvt. Ltd. (Ferrero International S.A.)
  • Dr. Oetker India Pvt. Ltd.(Dr. Oetker India Holding GmbH)
  • Hershey India Pvt. Ltd. (The Hershey Company)
  • Agro Tech Foods Ltd (Sundrop)

The report has segmented the market on the basis of region, product type, distribution channel and income group.

Breakup by Product Type:

  • Jam
  • Chocolate spreads
  • Peanut Butter
  • Syrup
  • Others

Breakup by Distribution Channel:

  • Convenience Stores
  • Supermarkets and Hypermarkets
  • Online Stores
  • Others

Market Breakup by Income Group:

  • Upper-Middle (INR 5.5 lacs – 27.5 lacs)
  • High-Income (Greater than INR 27.5 lacs)
  • Lower-Middle (INR 2.5 lacs- INR 5.5 lacs)
  • Low-Income (Less than INR 2.5 Lacs)

Breakup by Region:

  • North India
  • South India
  • West and Central India
  • East India

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Read Also: India Packaged Sweets Market Size, Share, Demand 2022-2027

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