PROSPECTS AND OPPORTUNITIES
Growing unit price of cacao poised to ramp production costs of chocolate spreads, while competition from unbranded honey and peanut butter constrains formal sales
The escalating cost of cacao beans presents a significant challenge for manufacturers in the chocolate spreads segment. This is primarily driven by the focus on high-quality beans and sustainable value chains, increasing the cost of raw materials.
Tailored approaches across demographics
Sweet spreads in Cameroon presents distinct opportunities for tailored approaches across demographics. With more than 65% of the population under the age of 25, chocolate spreads are well-positioned to capture the youthful penchant for sweet treats.
Chocolate spreads expected to lead growth, while jam and preserves face challenges amid competing spreads and production constraints
Chocolate spreads is poised to lead growth over the forecast period, supported by the large youth demographic and their preference for sweet indulgences. The increasing participation of local grinders in cacao processing further boosts prospects, as this trend reduces dependence on imported inputs, making local production more viable and potentially cost-effective.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Sweet Spreads industry in Cameroon with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sweet Spreads industry in Cameroon, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sweet Spreads in Cameroon report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sweet Spreads in Cameroon?
- Which are the leading brands in Sweet Spreads in Cameroon?
- How are products distributed in Sweet Spreads in Cameroon?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Sweet Spreads?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Cameroon?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Sweet Spreads in Cameroon - Category analysis
KEY DATA FINDINGS
Demand for unbranded sweet spreads persists due to high cost of living
Chocolate spreads dominate, while jams and preserves struggle with high costs and competition
Persisting demand for unbranded sweet spreads prompts manufacturers to innovate with new offerings
Growing unit price of cacao poised to ramp production costs of chocolate spreads, while competition from unbranded honey and peanut butter constrains formal sales
Tailored approaches across demographics
Chocolate spreads expected to lead growth, while jam and preserves face challenges amid competing spreads and production constraints
Cooking Ingredients and Meals in Cameroon - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Sweet Spreads
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sweet Spreads research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!