PROSPECTS AND OPPORTUNITIES
Value growth forecast to slow as volume sales eventually rise
Sweet spreads is expected to register slowed retail current value growth during the forecast period, though volume growth will improve as consumption rises. but improved volume growth as consumption rises during the forecast period.
Jams and preserves will post worst performance
Jams and preserves will perform poorly over the forecast period as a result of accelerating health and wellness awareness. There will be a persistent shift away from high-sugar products towards cleaner, healthier and more natural options such as nut butters.
Stronger sales in foodservice set to benefit all category segments
One area where sweet spreads will see persistently positive growth is in foodservice, with developments in Canada’s foodservice sector set to continue apace. Migrants will remain a significant boost to the country’s economy despite reduced immigration numbers, and greater investment in travel and tourism will further support growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Sweet Spreads industry in Canada 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 Canada, 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 Canada 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 Canada?
- Which are the leading brands in Sweet Spreads in Canada?
- How are products distributed in Sweet Spreads in Canada?
- 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 Canada?
- 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 Canada - Category analysis
KEY DATA FINDINGS
Growth slows amid slowdown for sugar-based segments
Health trends boost functional nut-based spreads and honey
Supermarkets remains leading channel despite losing share
Value growth forecast to slow as volume sales eventually rise
Jams and preserves will post worst performance
Stronger sales in foodservice set to benefit all category segments
Cooking Ingredients and Meals in Canada - 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.
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