BRICS Sweet Savoury Spreads Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The BRICS Sweet and Savoury Spreads Market is projected to grow from USD 14,012 million in 2024 to USD 20,079.53 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.6% over the forecast period.
Market growth is fueled by evolving consumer preferences favoring convenient, nutritious, and indulgent food options. Urbanization, rising disposable incomes, and an expanding middle-class demographic across BRICS nations are accelerating demand for premium spread products, including organic, plant-based, and low-sugar varieties. The market is also benefiting from growing health consciousness, with consumers increasingly opting for spreads fortified with functional ingredients such as vitamins, minerals, and dietary fibers.
Additionally, the rise of e-commerce platforms and the proliferation of digital retail are broadening product reach and enhancing consumer engagement. Trends such as clean labeling, sustainable packaging, and the infusion of exotic or regional flavors are gaining momentum, appealing to diverse palates. Strategic product launches, innovative marketing efforts, and the introduction of locally inspired formulations are contributing to increased brand visibility and consumer adoption, thereby reinforcing the market’s upward trajectory.
Market Drivers
Growing Health and Wellness Awareness
The increasing focus on health and wellness is a major factor driving the demand for better-for-you sweet and savory spreads. Health-conscious consumers are gravitating toward products that are low in sugar, free from artificial preservatives, and enriched with essential nutrients. Brands like General Mills have responded by launching reduced-sugar and fortified spreads aimed at mitigating the risks associated with lifestyle-related health conditions. This trend is influencing product development strategies, prompting manufacturers to innovate with clean-label, functional formulations to meet shifting consumer expectations.
Market Challenges
Supply Chain Disruptions and Raw Material Costs
The market faces notable headwinds due to raw material cost volatility and supply chain inefficiencies. Core ingredients—such as fruits, nuts, and oils—are susceptible to price fluctuations caused by adverse weather conditions, geopolitical instability, and inconsistent agricultural output. These challenges are further compounded by underdeveloped infrastructure and logistical bottlenecks in certain BRICS countries, resulting in transportation delays and increased operational expenses. Additionally, reliance on imported inputs for certain formulations exposes manufacturers to global trade risks. While some companies are adopting localized sourcing strategies and investing in supply chain digitalization to mitigate these issues, implementation remains inconsistent across regions, affecting scalability and profitability.
Market Segmentation
By Type
Jams and Preserves
Honey and Syrups
Chocolate Spread
Nut Butters
By Packaging
Glass Jars
Plastic Jars
Tubes
Sachets
Buckets
By Distribution Channel
Hypermarkets and Supermarkets
Convenience Stores
Online Retailers
Specialty Stores
Direct-to-Consumer
By Flavor
Strawberry
Raspberry
Blueberry
Apricot
Orange
Chocolate
Caramel
Honey
By Target Group
Families
Children
Health-Conscious Consumers
Convenience-Seekers
Premium Consumers
Key Player Analysis
General Mills
Hormel Foods
Kellogg Company
Mondelez International
Campbell Soup Company
Grupo Bimbo
Conagra Brands
Unilever
Ferrero
The J.M. Smucker Company
The BRICS Sweet and Savoury Spreads Market is projected to grow from USD 14,012 million in 2024 to USD 20,079.53 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.6% over the forecast period.
Market growth is fueled by evolving consumer preferences favoring convenient, nutritious, and indulgent food options. Urbanization, rising disposable incomes, and an expanding middle-class demographic across BRICS nations are accelerating demand for premium spread products, including organic, plant-based, and low-sugar varieties. The market is also benefiting from growing health consciousness, with consumers increasingly opting for spreads fortified with functional ingredients such as vitamins, minerals, and dietary fibers.
Additionally, the rise of e-commerce platforms and the proliferation of digital retail are broadening product reach and enhancing consumer engagement. Trends such as clean labeling, sustainable packaging, and the infusion of exotic or regional flavors are gaining momentum, appealing to diverse palates. Strategic product launches, innovative marketing efforts, and the introduction of locally inspired formulations are contributing to increased brand visibility and consumer adoption, thereby reinforcing the market’s upward trajectory.
Market Drivers
Growing Health and Wellness Awareness
The increasing focus on health and wellness is a major factor driving the demand for better-for-you sweet and savory spreads. Health-conscious consumers are gravitating toward products that are low in sugar, free from artificial preservatives, and enriched with essential nutrients. Brands like General Mills have responded by launching reduced-sugar and fortified spreads aimed at mitigating the risks associated with lifestyle-related health conditions. This trend is influencing product development strategies, prompting manufacturers to innovate with clean-label, functional formulations to meet shifting consumer expectations.
Market Challenges
Supply Chain Disruptions and Raw Material Costs
The market faces notable headwinds due to raw material cost volatility and supply chain inefficiencies. Core ingredients—such as fruits, nuts, and oils—are susceptible to price fluctuations caused by adverse weather conditions, geopolitical instability, and inconsistent agricultural output. These challenges are further compounded by underdeveloped infrastructure and logistical bottlenecks in certain BRICS countries, resulting in transportation delays and increased operational expenses. Additionally, reliance on imported inputs for certain formulations exposes manufacturers to global trade risks. While some companies are adopting localized sourcing strategies and investing in supply chain digitalization to mitigate these issues, implementation remains inconsistent across regions, affecting scalability and profitability.
Market Segmentation
By Type
Jams and Preserves
Honey and Syrups
Chocolate Spread
Nut Butters
By Packaging
Glass Jars
Plastic Jars
Tubes
Sachets
Buckets
By Distribution Channel
Hypermarkets and Supermarkets
Convenience Stores
Online Retailers
Specialty Stores
Direct-to-Consumer
By Flavor
Strawberry
Raspberry
Blueberry
Apricot
Orange
Chocolate
Caramel
Honey
By Target Group
Families
Children
Health-Conscious Consumers
Convenience-Seekers
Premium Consumers
Key Player Analysis
General Mills
Hormel Foods
Kellogg Company
Mondelez International
Campbell Soup Company
Grupo Bimbo
Conagra Brands
Unilever
Ferrero
The J.M. Smucker Company
Table of Contents
219 Pages
- CHAPTER NO. 1: INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2: EXECUTIVE SUMMARY
- 2.1. [BRICS Sweet Savoury Spreads Market] Snapshot
- [BRICS Sweet Savoury Spreads Market], 2018 - 2032 (USD Million)
- CHAPTER NO. 3: [BRICS Sweet Savoury Spreads Market] – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4: ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. [BRICS Sweet Savoury Spreads Market] Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5: PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6: [BRICS Sweet Savoury Spreads Market] – BY [Based on Type] ANALYSIS
- CHAPTER NO. 7: [BRICS Sweet Savoury Spreads Market] – BY [Based on Packaging] ANALYSIS
- CHAPTER NO. 8: [BRICS Sweet Savoury Spreads Market] – BY [Based on Distribution Channel] ANALYSIS
- CHAPTER NO. 9: [BRICS Sweet Savoury Spreads Market] – BY [Based on Flavor] ANALYSIS
- CHAPTER NO. 10: [BRICS Sweet Savoury Spreads Market] – BY [Based on Target Group] ANALYSIS
- CHAPTER NO. 11: COMPANY PROFILES
- 9.1. General Mills
- 9.1.1. Company Overview
- 9.1.2. Product Portfolio
- 9.1.3. SWOT Analysis
- 9.1.4. Business Strategy
- 9.1.5. Financial Overview
- 9.2. Hormel Foods
- 9.3. Kellogg Company
- 9.4. Mondelez International
- 9.5. Campbell Soup Company
- 9.6. Grupo Bimbo
- 9.7. Conagra Brands
- 9.8. Unilever
- 9.9. Ferrero
- 9.10. The J.M. Smucker Company
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