Share on

Asia Pacific Nut Based Spreads Market By Product Type (Peanut Based, Almond Based, Walnut Based, Cashews Based) And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts (2022 to 2027)

Published: January, 2022
ID: 3600
Pages: 140
Formats: report pdf report excel report power bi report ppt

Asia Pacific Nut based spreads Market Growth and Forecast (2022 - 2027):

The Asia Pacific Nut based spreads Market was worth USD 1.13 Billion in 2021 and estimated to be growing at a CAGR of 9.2%, to reach USD 1.76 billion by 2026. Peanut butter has led the way for other nut-based spreads like almond, cashew, macadamia nut, coconut and walnut to enter the industry and offer a wider variety of spreads for consumers.

Market Overview:

Around 7.7% of consumers have switched from jam to peanut butter. The nut spread sales is largely dependent on the sales of bread. Peanut butter and chocolate spreads are displacing jam and marmalade as the most popular breakfast spreads.

Drivers:

The growth of the Asia Pacific Nut based spreads Market is mainly driven by the rising consumer preference to replace jams by nut based spreads. The rising health consciousness among consumers has further given way to low calorie spreads. The latest trend of food spreads becoming an integral part of every breakfast has led to a steady growth of the market.

Asia Pacific Nut based spreads Market Segmentation Analysis:

The Asia Pacific Nut based spreads market is segmented on the basis of product type and by region. On the basis of product type, the market is segmented into peanut based spreads, almond based spreads, walnut based spreads, cashews based spreads and others.

Region Analysis:

The Asia Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.

Key players in the Market:

Major key players in the Asia Pacific Nut based spreads Market are

J.M. Smucker, Kraft Foods, Unilever Group, ConAgra foods Inc., Sioux Honey Association, B & G Foods, Ferrero Group, Nestle, Hershey Co and Welch Foods Inc.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample