360 Research Reports offers the latest published report on “Global Jams and Preserves Market – Trends and Forecasts (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.
Global Jams and Preserves Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Jams and Preserves market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Jams and Preserves Market Segmentation by Major Players:
J.M. Smucker, Kraft Foods, Unilever Group, ConAgra Foods Inc, B & G Foods Inc., Ferrero Group, Hershey Co., Nestle, Sioux Honey Association, National Grape Co-operative Association Inc.
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Overview of Jams and Preserves Market Report:
The global market for jams and preserves is expected to reach 3.6% during the forecast period (2019-2023). The global retail sales are set to reach 1.53 billion USD by 2023. The market is growing at the rate of 1.33% across the Europe in retail sales and the value is set to reach 3.8 billion USD by 2023.
The UK food spreads market witnessed sales increase by 5% in value terms through 2012, while experiencing a smaller increase in volume terms of 2%. Jam sales have remained stagnant in the last 4 years. Around 7.7% of consumers have switched from jam to peanut butter. The jams and preserves sales are driven by the sales of bread.
Changing consumer preferences and cautious spending are impacting the types of sweet spreads consumers are buying. Increasing consumer health consciousness and the inclusion of organic ingredients as natural preservatives is driving the market. While sales have increased overall, market growth is particularly evident in the non-traditional segments of chocolate spreads and nut/seed-based spreads, largely at the expense of jams and other fruit-based products. Product innovation is the key driving factor for new brands which are providing a stiff competition to the already established ones in the spreads market. This is an opportunity for the players in the food industry particularly those players in the bakery and beverages who are looking for the novel ingredients.
The market is segmented by product type as: jams and marmalade, honey and sweet spreads. The market for the honey is expected to grow at a CAGR of 3.5% during the forecast period with a revenue of USD 4.33 billion in 2016. By flavor type the market is segmented as: Grape, Strawberry, Raspberry, Blackberry, Apricot and others.
In terms of consumption, the majority of jams, jellies, and preserves are consumed in European countries, especially in Western European countries followed by North America. France is the leading contributor in terms of consumption while Germany and the UK are the two other major countries. Asian and Hispanic are among the biggest trends impacting jams product innovation. Bold and exotic flavors from this region guvava, passion fruit, and mango are making their way into preserves. The U.S population is shifting towards zero -sugar jams and preserves and this expected to drive the market during the forecast period.
MAJOR PLAYERS: J.M. SMUCKER, KRAFT FOODS, UNILEVER GROUP, CONAGRA FOODS INC, B & G FOODS INC., FERRERO GROUP, HERSHEY CO., NESTLE, SIOUX HONEY ASSOCIATION and NATIONAL GRAPE CO-OPERATIVE ASSOCIATION INC, amongst others.
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Important factors that are mentioned in the Jams and Preserves Market report 2023…
Key Market Dynamics: The Global Jams and Preserves Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Jams and Preserves Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The Jams and Preserves Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Jams and Preserves market.