The size of the Latin America jams and preserves market is expected to be worth USD 0.71 billion in 2024 and grow at a CAGR of 4.47% from 2024 to 2029 to achieve USD 0.88 billion by 2029.
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.
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.
Jam products account for a major share in the global market
The market is projected to grow significantly during the forecast period
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, and National Grape Co-operative Association Inc
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