Latin America Jams And Preserves Market

Latin America Jams and Preserves Market Growth and Forecast (2023 - 2028):

Latin America Jams and Preserves Market was worth USD 0.85 billion in 2022 and estimated to be growing at a CAGR of 3.5%, to reach USD 1 billion by 2028.

Market Overview:

Jams and preserves are both made from fruit mixed with sugar and pectin. Pectin is an indigestible carbohydrate and is found in the cell wall of many fruits. Jam contains the fruit in the form of a pulp or in the crushed form whereas, preserves come in the form of chunks.

Drivers and Restraints:

Due to the rising disposable incomes, consumers are ready to spend on gourmet food which involves the use of jams and preserves. Jams help in producing a versatile range of food products. Due to the rising urbanization, the demand for ready to eat food products has risen causing the growth of the market. However, the high cost of raw materials and various government regulations on processed food and food additives are slowing down the growth of the market. Moreover, there are a lot of products in the market causing competition between various players.

Latin America Jams and Preserves Market Segmentation Analysis:

Latin America Jams and Preserves Market Segmentation by product type, flavour, pricing and distribution channel. By product type the market is classified into Jams and marmalade, honey , sweet spreads and others. Jam products account for a major share in the global market. By flavour type the market is segmented into strawberry, grape, raspberry, blackberry, apricot and others. By pricing the market is divided into economic, premium and others. By distribution channel the market is classified into supermarkets, grocery stores, wholesale and other .

Region Analysis:

Geographically the Latin America Jams And Preserves Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market is projected to grow significantly during the forecast period.

Key Players in the Market:

Major Key Players in the Latin America Jams And Preserves Market are

• 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