Syrups and Spreads Market Opportunities, Trends, Growth Analysis and Forecast to 2027
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Syrups and Spreads Market Report Overview
The syrups and spreads market size was estimated at $42.3 billion in 2022 and is likely to grow at a CAGR of more than 2% from 2022 to 2027. The growing demand for syrups and spreads made with organic and natural ingredients owing to rising health & wellness trends will drive the market growth.
Syrups and Spreads Market Outlook 2022-2027 ($ Billion)
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The syrups and spreads market research report covers a comprehensive overview of consumption of various syrups and spreads by category, for the period 2017-2027. To help market players understand future market opportunities, the report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure.
The actionable insights, through our elaborate syrups and spreads profiling and company market share details, help gain a competitive advantage and get familiarized with offerings by leading brands. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of syrups and spreads, to identify better avenues for market reach and syrups and spreads exposure.
Market Size (2022) | $42.3 Billion |
CAGR (2022-2027) | >2% |
Historic Period | 2017-2021 |
Forecast Period | 2022-2027 |
Key Categories | • Sweet Spreads
• Jams, Jellies & Preserves • Savory Spreads • Others |
Key Regions | • Asia-Pacific
• Middle East and Africa • The Americas • Western Europe • Eastern Europe |
Key Distribution Channels | • Hypermarkets & Supermarkets
• Convenience Stores • Food & Drinks Specialists • E-retailers • Others |
Key Packaging Types | • Glass
• Flexible Packaging • Paper & Board • Rigid Plastics • Rigid Metal |
Leading Companies | • The J.M. Smucker Company
• Ferrero • Salamat Honey Company • Bowman Andros Products • Mirnajmi Honey Factory |
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Syrups and Spreads Market Segmentation by Category
The key categories in the syrups and spreads market are sweet spreads, Jams, jellies & preserves, savory spreads, and others. In 2022, the sweet spreads category accounted for the highest value sales, followed by jams, jellies & preserves.
Syrups and Spreads Market Analysis by Category, 2022 (%)
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Syrups and Spreads Market Segmentation by Regions
The key regions in the syrups and spreads market are Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe. The Americas was the largest syrups and spreads market in the world in terms of revenue contribution in 2022. Factors such as shifting consumer preferences, increased demand for packaged foods, and urbanization will drive the market growth.
In 2022, the high-potential countries identified were Australia, India, Iran, Saudi Arabia, and the US among others.
Syrups and Spreads Market Analysis by Regions, 2022 (%)
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Syrups and Spreads Market Segmentation by Distribution Channel
The key distribution channels in the syrups and spreads market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, and e-retailers among others. In 2022, the hypermarkets & supermarkets channel accounted for the highest share of the syrups and spreads sector, followed by convenience stores.
Syrups and Spreads Market Analysis by Distribution Channel, 2022 (%)
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Syrups and Spreads Market Segmentation by Packaging Material
The key packaging materials in the syrups and spreads market are glass, flexible packaging, paper & board, rigid plastics, and rigid metal. Glass was the most used pack material in the syrups and spreads industry in 2022. Additionally, the jar pack type was the most used in the syrups and spreads industry in the same year.
Syrups and Spreads Market Analysis by Packaging Material, 2022 (%)
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Syrups and Spreads Market – Competitive Landscape
The key companies in the Syrups and Spreads market are Ferrero, The J.M. Smucker Company, Salamat Honey Company, Bowman Andros Products, and Mirnajmi Honey Factory among others. In 2022, Ferrero emerged as the market leader. Its key brand in the syrups and spreads market is Nutella.
Syrups and Spreads Market Analysis by Companies, 2022 (%)
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Key Segments Covered in this Report.
Syrups and Spreads Category Outlook (Value, $ Billion, 2017-2027)
- Sweet Spreads
- Jams, Jellies & Preserves
- Savory Spreads
- Others
Syrups and Spreads Regional Outlook (Value, $ Billion, 2017-2027)
- Asia-Pacific
- Middle East and Africa
- The Americas
- Western Europe
- Eastern Europe
Syrups and Spreads Distribution Channel Outlook (Value, $ Billion, 2017-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- Food & Drinks Specialists
- E-retailers
- Others
Syrups and Spreads Packaging Outlook (Value, $ Billion, 2017-2027)
- Glass
- Flexible Packaging
- Paper & Board
- Rigid Plastics
- Rigid Metal
Scope
This report brings together multiple data sources and provides:
- A comprehensive overview of the global syrups and spreads sector, analyzing data from 107 countries.
- Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging.
- Regional overview: Provides an overview of five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
- Change in consumption: Provides an overview of changes in the consumption of syrups and spreads over 2017-2027, at global and regional levels.
- High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators, socio-demographic factors, and technological infrastructure.
Reasons to Buy
- Get the latest information on how the market is evolving to formulate sales and marketing strategies. The report offers authentic market data with a high level of detail.
- Get up-to-date information and analysis to uncover emerging opportunities for growth within the syrups and spreads sector.
- Get a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, which can help companies gain insight into the country-specific nuances.
- Understand the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- Gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.
The J.M. Smucker Company
Salamat Honey Company
Bowman Andros Products
Mirnajmi Honey Factory
Kewpie Corporation
Kewpie Corporation
Dabur India
Sonton Food Industry
Golshohad Azar Kando
Orazan Green Farm Company
Post Holdings
Hormel Foods Corporation
Conagra Brands
Bowman Andros Products
Orkla
Adolf Darbo
Hero Group
Yildiz Holding
Maspex Wadowice Grupa
Altiparmak Gida
Bartnik
Table of Contents
Table
Figures
Frequently asked questions
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What was the syrups and spreads market size in 2022?
The syrups and spreads market size was estimated at $42.3 billion in 2022.
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What will the syrups and spreads market growth rate be during 2022-2027?
The syrups and spreads sector is likely to grow at a CAGR of more than 2% from 2022 to 2027.
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Which was the leading category in the syrups and spreads market in 2022?
In 2022, the sweet spreads category accounted for the highest value sales.
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Which was the dominant distribution channel in the syrups and spreads market in 2022?
The hypermarkets & supermarkets emerged as the leading distribution channel in the syrups and spreads market in 2022.
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Which was the most preferred packaging type in the syrups and spreads market in 2022?
The glass was the most used pack material in the syrups and spreads industry in 2022.
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Which are the key companies in the syrups and spreads market?
The key companies in the Syrups and Spreads market are Ferrero, The J.M. Smucker Company, Salamat Honey Company, Bowman Andros Products, and Mirnajmi Honey Factory among others.
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