PROSPECTS AND OPPORTUNITIES
Improving standard of living will continue to drive sales of sweet spreads in India
With low per capita consumption in India, sweet spreads is expected to maintain stable strong retail volume and current value growth rates in India throughout the forecast period, with increases across all categories. Honey is the most widely used product within sweet spreads in India, and this will remain the case in the forecast period.
Demand for healthy and clean label products will drive growth, especially those targeting children
An increasing number of sweet spreads brands are focusing on launching products with clean ingredients, especially when it comes to products such as peanut butter (nut and seed based spreads) and honey.
Major players will look to scale beyond tier-1 cities
Sweet spreads remains an urban-centric category in India, with demand primarily stemming from metropolitan and tier-1 cities, especially for categories beyond honey. However, going forward, it is expected that there will be greater demand from tier-2 and tier-3 cities due to increasing urbanisation.
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 India 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 India, 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 India 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 India?
- Which are the leading brands in Sweet Spreads in India?
- How are products distributed in Sweet Spreads in India?
- 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 India?
- 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 India - Category analysis
KEY DATA FINDINGS
Sweet spreads are becoming an integral part of Indian breakfasts
The competition intensifies, with newer players entering the category
Retail e-commerce gains significant share in sweet spreads
Improving standard of living will continue to drive sales of sweet spreads in India
Demand for healthy and clean label products will drive growth, especially those targeting children
Major players will look to scale beyond tier-1 cities
Cooking Ingredients and Meals in India - 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!