According to a recent report by Future Market Insights, a
market research and competitive intelligence provider, sales of Plant
Based Spreads are estimated to reach a value of USD 667 million by
2032, surging at 5.4% CAGR through the decade.
As people become even more increasingly health – conscious
across the world, there is a growing desire for healthier foods. Plant-based
food firms are projected to experience development prospects over the years,
despite supply chain interruptions, panic purchasing, and storage.The vegan
spreads and dips sector ensures that food is shelf-stable, has a longer shelf
life, has a better flavour, and allows consumers to stock up on food without
fear of it spoiling. During the pandemic’s early stages, consumers are
decreasing their time in stores and supermarkets, but they are also stocking up
on food and packaged products containing food additives as a possible
treatment.
Key Takeaways from Market Study
- North
America is expected to have 38% Plant Based Spreads market share.
- US
holds 65 % Plant Based Spreads market share in North American
Market.
- Europe
is expected to have 31 % Plant Based Spreads market share.
- Germany
holds 22 % Plant Based Spreads market share in European Market.
- Asia
is expected to have 20 % Plant Based Spreads market share.
- China
holds 32 % Plant Based Spreads market share in Asian Market.
- Market
players are experimenting with new ways on increasing production capacity
and also doing research and innovation to create products.
“ The growing focus on the
consumption of plant based products in developed regions such as Europe and
North America is likely to open lucrative opportunity for market players in the
long run”, –says a lead analyst at Future Market Insights.
Competitive Landscape
Plant Based Spreads have a strongly competitive global
market. To stay ahead of the game and outperform their competitors, The major
businesses are proposing a variety of methods and concepts in order to boost
sales and meet the wants of all areas. They’re focusing on increasing
production capacity and also doing research and innovation to create new
products.
Some of the leading companies offering Snack Pellets are
Follow Your Heart, DAIYA FOODS INC., Meridian Group., Amy’s Kitchen, Inc.,
B&G Foods, Inc., Litehouse, Inc., Red Duck Foods, Inc., Majestic Garlic,
Bear Pond Farm, KENSINGTON & SONS, KATE HILL, WayFare Health Foods, Good
Foods Group, LLC, Galaxy Nutitional Foods, Inc., Frito-Lay North America, Inc.,
Frito-La. are the major players in the market.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an
unbiased analysis of the Plant Based Spreads presenting historical demand data
(2017-2021) and forecast statistics for the period from 2022-2032.
Plant-Based Spread Market By Category
Plant-Based Spreads Market, By Type of Spreads:
- Lard
- Margarine
- Nut
Butters
- Legume-based
spreads
- Veggie
Pâtés
- Pestos
- Guacamole
- Hummus
- Vegan
Cream Cheese
- Vegan
Herring Salad
- Jam
- Others
Plant-Based Spreads Market, By Source of Spreads:
- Pulses
- Vegetable
Oils
- Nuts
- Seeds
- Grains
Plant-Based Spreads Market, By Distribution Channel of
Spreads:
- Hypermarket
and Supermarket
- Convenience
Store
- Specialty
Store
- Online
Channel
By Region, the Plant-Based spread Market is Segmented as:
- North
America
- Latin
America
- Europe
- Middle
east and Africa
- East
Asia
- South
Asia
- Oceania
Read More: https://www.futuremarketinsights.com/reports/plant-based-spreads-market