Global Sweet Spreads Market 2016-2020 is a new research report added to SandlerResearch.org. The market is experiencing evolving taste preferences. In response to the growing interest in unique styles, local products, and artisanal flavors, manufacturers are expanding production.
Complete report on sweet spreads market spread across 66 pages, analyzing 6 major companies and provides 40 data exhibits is now available at http://www.sandlerresearch.org/global-sweet-spreads-market-2016-2020.html .
The analysts forecast global sweet spreads market to grow at a CAGR of 3.28% during the period 2016-2020. According to the report, the demand for gourmet jams and preserves contributed significantly to the growth of the market in 2015. Many consumers perceive gourmet jams and preserves as self-indulgent luxuries. Consumers like to indulge in such products and are willing to pay a higher price for them as these products are perceived to have exceptional characteristics.
During 2015, the jams and preserves segment dominated the market and accounted for more than 37% of the market share in terms of revenue. This market is driven by increasing consumer demand for gourmet jams and preserves, which are mostly used for gifting. Due to increased health consciousness, consumers are reducing their consumption of sweet spreads, which will lead to the sluggish growth of this market until the end of 2020.
Order a copy of Global Sweet Spreads Market 2016-2020, report @ http://www.sandlerresearch.org/purchase?rname=53710 .
Europe dominated the global sweet spreads market and is expected to reach more than USD 10 billion by the end of 2020. Factors such as the growing consumer preference for sweet spreads and increasing disposable income of consumers in the region will aid in the growth of this market in Europe.
The global sweet spreads market very dynamic in nature and is characterized by the presence of numerous small and large vendors. The vendors compete in terms of product differentiation, product pricing, quality, innovation, service, reputation, and distribution. Therefore, to survive and succeed in this competitive environment, it is imperative for the vendors to distinguish their product offerings through a unique value proposition.
Key players in the Global Sweet Spreads Market: Andros, Ferrero, Hero, Hershey, Hormel Foods, and JM Smucker. Other Prominent Vendors in the market are: B & G Foods, Baxter & Sons, Bernard Michaud, Capilano Honey, Centura Foods, ConAgra Foods, Dabur India, Duerr & Sons, Hershey, Kraft Foods, Mondelez International, National Grape Co-operative Association, Ocean Spray Cranberries, Ocean Spray Cranberries, Premier Foods, Sioux Honey Association, St Dalfour Frères, Wellness Foods, Whole Earth Foods, Wilkin & Sons. Further, the report states that a lack of skilled electrophysiologists affects the market negatively.
Further, the report states that the rise in the cost of ingredients pose a challenge to the market.
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