About Jams, Jellies, and Preserves
The use of jams, jellies, and preserves is increasing in salads, cookies, pizzas, sandwiches, and smoothies as customers are willing to expand their taste pallet. In the new era, where healthy eating is becoming the prime motive of many consumers, the vendors increase their sales by focusing on products that are both indulgent, have high fruit content, and/or are sugar-free. In terms of consumption, the majority of jams, jellies, and preserves are consumed in European countries, especially in Western European countries. France is the leading contributor in terms of consumption while Germany and the UK are the two other major countries.
Technavio’s analysts forecast the global jams, jellies, and preserves market to grow at a CAGR of 3.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global jams, jellies, and preserves market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of products in Americas, APAC, Europe, and MEA.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Jams, Jellies, and Preserves Market 2016-2020
Technavio recognizes the following companies as the key players in the global jams, jellies, and preserves market: B&G Foods, Bonne Maman, Hartley's, J.M. Smucker, Ritter Alimentos, and Unilever.
Other Prominent Vendors in the market are: Baxter & Sons, Centura Foods, Duerr & Sons, Kewpie, Kraft Foods, Murphy Orchards, National Grape Co-operative Association, Orkla Group, Premier Foods, Trailblazer Foods, Welch, Wellness Foods, and Wilkin & Sons.
Commenting on the report, an analyst from Technavio’s team said: “One trend bolstering growth is the rising demand for natural/organic products. Increasing health benefits provided by natural and organic food has propelled its demand globally. Discerning consumers spend more time reading labels and searching for information before purchasing food products. One of the major reasons for its profitability is the increasing demand for organic food products. Farmers also get a higher price for their products if their produce is certified organic. This type of farming allows for the use of advanced ecological approaches to better manage fields and crops.”
According to the report, factors such as the demand for gourmet varieties will also aid in driving market growth during the forecast period. Consumers perceive that gourmet jams, jellies, and preserves are self-indulgent luxuries and are thus used for gifting. Many individuals are introduced to their favorite gourmet jams, jellies, and preserves as a personal gift from friends and relatives, business gifts, or host gifts. Consumers are also purchasing these products for self, which in turn in increasing the demand for such products in the market.
Further, the report states that one challenge negatively affecting the growth prospects for this market is the rise in cost of ingredients. A major challenge for vendors is the rising costs incurred in the procurement of high-quality ingredients. A variety of fruits and nuts are required to manufacture jam, jelly, and preserve products. For instance, fruits and nuts prices have recently risen tremendously in many countries because of supply constraints. Such fluctuations and volatility in prices often create problems in production and pricing for vendors. In addition, these lead to inconsistency in the quality of products, hampering the demand for the market.
B&G Foods, Bonne Maman, Hartley's, J.M. Smucker, Ritter Alimentos, Unilever, Baxter & Sons, Centura Foods, Duerr & Sons, Kewpie, Kraft Foods, Murphy Orchards, National Grape Co-operative Association, Orkla Group, Premier Foods, Trailblazer Foods, Welch, Wellness Foods, and Wilkin & Sons.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook