India Spreads Market (2023-2029) | Share, Growth, Companies, Value, COVID-19 IMPACT, Revenue, Trends, Analysis, Forecast, Size & Industry

Market Forecast By Product Type (Jam, Chocolate spreads, Peanut Butter, Syrup, Others), By Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Online Stores, Others) And Competitive Landscape

Product Code: ETC218724 Publication Date: Aug 2023 Updated Date: Feb 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Spreads Market Shipment Analysis

India Spreads Market registered a growth of 53.51% in value shipments in 2022 as compared to 2021 and a decrease of -1.03% CAGR in 2022 over a period of 2017. In Spreads Market India is becoming more competitive as the HHI index in 2022 was 965 while in 2017 it was 1028. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Spreads Market.

India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Spreads Market in 2022 was 0.24 while in 2017 it was 0.2. Italy, Türkiye, United Arab Emirates, Belgium and Switzerland were among the top players of the market in 2022, where Italy acquired the largest market share of 20.83% with a shipment value of 15.21 million USD in 2022 Italy also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Spreads Market. In 2017 Italy had the largest market share of 21.26% with the shipment value of 10.76 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Italy offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Spreads Market in 2017.

India Spreads Market Competition 2023


India Export Potential Assessment For Spreads Market (USD Values in Thousand)


Topics Covered in India Spreads Market Report

India Spreads Market report thoroughly covers the market by product type, by distribution channel. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Spreads Market Synopsis

The India Spreads Market has been growing prominently and it will attain major growth due to the rising health consciousness, rising urbanization, innovative product offerings, and changing consumers preferences. The market will remain one of the prominent markets in the country. There are a number of challenges the market is facing and it has the potential to overcome these challenges. This market is one of the most prominent markets in the country.

According to 6Wresearch, the India Spreads Market size is anticipated to expand at a CAGR of around 6.89% during the forecast period 2023-2029. One of the major drivers in the spreads market is the rising taste as well as preferences of Indian consumers. As lifestyles become fast-paced and urbanized, there is a rising demand for convenient as well as ready-to-eat products such as spreads that can be used in many ways. Health and wellness trends led to a shift in consumer choices towards the healthier spreads that are low in sugar, artificial additives, and trans fats.  Brands that offer organic, and natueal spreads are rising significantly.  The urbanization of the country has resulted in busier lifestyles, which is leading to a higher demand for on-the-go food alternatives. Spreads, that can be used with crackers, bread, and toppings, fit well into the urban lifestyle, which is contributing to the India spreads market growth. Some of the major challenges confronting this market are rising competition, price sensitivity, regulatory compliance, and health and nutritional concerns.

COVID-19 Impact on India Spreads Industry

The pandemic had a profound impact on Indian spreads industry. The restrictions and lockdown imposed to curb the spread of the virus disrupted many aspects of the market's operations. Firstly, there were difficulties in the supply chain, including transportation as well as logistics disruptions, which led to delays in the movement of raw spices from farms to processing units and ultimately to markets.  Moreover, the closure of restaurants, hotels, and catering services resulted in a key drop in demand. With the hospitality sector being one of the hardest-hit sectors, the demand for spices used in commercial food preparation reduced substantially.

Spreads Market in India: Key Players

Some most prominent players running their business in the market are Amul, Nestlé, Hershey's, Patanjali, Kissan, Mother Dairy, Mapro:, Himalaya Fresh, Borges, and Dr. Oetker FunFoods. These are the leading players in the market and they will continue to maintain their significance. These players also help in expanding the India Spreads Market Size

India Spreads Market: Government Initiatives

The Reserve Bank of India (RBI) is the key regulatory authority, governing the financial sectors in India. It formulates as well as implements monetary policies such as regulating interest rates and bond markets. It also uses various tools, like the repo rate, reverse repo rate, as well as open market operations, in order to manage liquidity and influence interest rates. The Securities as well as Exchange Board of India (SEBI) also plays a key role in regulating the spread sector. SEBI oversees the functioning of the bondsector, ensuring compliance with securities laws and market conduct regulations.

Market by Product Type

Peanut butter by product type, experienced significant growth and the same segment has chances to rise more during the forecast period as it has been the growing trend of health-conscious nutritional value, and eating habits among consumers.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Spreads Market Outlook
  • Market Size of India Spreads Market, 2022
  • Forecast of India Spreads Market, 2029
  • Historical Data and Forecast of India Spreads Revenues & Volume for the Period 2019 - 2029
  • India Spreads Market Trend Evolution
  • India Spreads Market Drivers and Challenges
  • India Spreads Price Trends
  • India Spreads Porter's Five Forces
  • India Spreads Industry Life Cycle
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Product Type for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Jam for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Chocolate spreads for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Peanut Butter for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Syrup for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Convenience Stores for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Online Stores for the Period 2019 - 2029
  • Historical Data and Forecast of India Spreads Market Revenues & Volume By Others for the Period 2019 - 2029
  • India Spreads Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution Channel
  • India Spreads Top Companies Market Share
  • India Spreads Competitive Benchmarking By Technical and Operational Parameters
  • India Spreads Company Profiles
  • India Spreads Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Jam
  • Chocolate Spreads
  • Peanut Butter
  • Syrup
  • Others

By Distribution Channel

  • Convenience Stores
  • Supermarkets And Hypermarkets
  • Online Stores
  • Others
Frequently Asked Questions About the Market Study (FAQs):
Some of the major challenges confronting this market are rising competition, price sensitivity, regulatory compliance, and health and nutritional concerns.
Some most prominent players running their business in the market are Amul, Nestlé, Hershey's, Patanjali, Kissan, Mother Dairy, Mapro:, Himalaya Fresh, Borges, and Dr. Oetker FunFoods. These are the leading players in the market and they will continue to maintain their significance.
Peanut butter by product type, experienced significant growth and the same segment has chances to rise more during the forecast period as it has been the growing trend of health-conscious nutritional value, and eating habits among consumers.
Segments that are covered in the market are covered are by product type and distribution channel.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Spreads Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Spreads Market Revenues & Volume, 2019 & 2029F

3.3 India Spreads Market - Industry Life Cycle

3.4 India Spreads Market - Porter's Five Forces

3.5 India Spreads Market Revenues & Volume Share, By Product Type, 2022 & 2029F

3.6 India Spreads Market Revenues & Volume Share, By Distribution Channel, 2022 & 2029F

4 India Spreads Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Spreads Market Trends

6 India Spreads Market, By Types

6.1 India Spreads Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Spreads Market Revenues & Volume, By Product Type, 2019 - 2029F

6.1.3 India Spreads Market Revenues & Volume, By Jam, 2019 - 2029F

6.1.4 India Spreads Market Revenues & Volume, By Chocolate spreads, 2019 - 2029F

6.1.5 India Spreads Market Revenues & Volume, By Peanut Butter, 2019 - 2029F

6.1.6 India Spreads Market Revenues & Volume, By Syrup, 2019 - 2029F

6.1.7 India Spreads Market Revenues & Volume, By Others, 2019 - 2029F

6.2 India Spreads Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 India Spreads Market Revenues & Volume, By Convenience Stores, 2019 - 2029F

6.2.3 India Spreads Market Revenues & Volume, By Supermarkets and Hypermarkets, 2019 - 2029F

6.2.4 India Spreads Market Revenues & Volume, By Online Stores, 2019 - 2029F

6.2.5 India Spreads Market Revenues & Volume, By Others, 2019 - 2029F

7 India Spreads Market Import-Export Trade Statistics

7.1 India Spreads Market Export to Major Countries

7.2 India Spreads Market Imports from Major Countries

8 India Spreads Market Key Performance Indicators

9 India Spreads Market - Opportunity Assessment

9.1 India Spreads Market Opportunity Assessment, By Product Type, 2022 & 2029F

9.2 India Spreads Market Opportunity Assessment, By Distribution Channel, 2022 & 2029F

10 India Spreads Market - Competitive Landscape

10.1 India Spreads Market Revenue Share, By Companies, 2022

10.2 India Spreads Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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