The Asia Pacific Sweet Spread Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
Honey spread is also among the popular sweet spreads consumed widely for several reasons. Honey contains an array of plant chemicals and serves many health benefits along with its delicious taste. Honey spreads are considered a good source of antioxidants which help in protecting the human body from cell damage and aging. The polyphenols present in honey spread may reduce the risk of heart disease.
Additionally, honey also has antibacterial & antifungal properties. It contains hydrogen peroxide which kills unwanted fungus and bacteria. Honey consists of phytonutrients which is the reason that honey is considered an immune booster and anticancer. Honey is also used for curing digestive issues like diarrhea. Also, honey is a proven remedy for treating Helicobacter pylori bacteria (H. pylori) which is the major cause of stomach ulcers. Moreover, Honey is also an ancient remedy used for sore throat.
China is among the largest populated countries in the world and is estimated to reach 1.46 billion in number by the end of 2030. Chinese consumers, especially youngsters are highly influenced by packed food products. People of the region seek to consume easy to cook food in order to ease their hectic schedules. In addition, the rising adoption of western food culture in developing countries such as India and China, is rising the demand for various sweet spreads.
The China market dominated the Asia Pacific Sweet Spread Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $104.4 million by 2027. The Japan market is experiencing a CAGR of 3.4% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 4.6% during (2021 - 2027).
Based on Packaging, the market is segmented into Glass and Plastic. Based on Product Type, the market is segmented into Jam, Jelly & Preserve, Chocolate spread, Nut-spread, and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Grocery & Convenience store, Online Sales Channel, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sweet Spread Market is Projected to reach USD 1.5 Billion by 2027, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Andros Group, Premium Vegetable Oils Sdn Bhd, Conagra Brands, Inc., PepsiCo, Inc. (Pioneer Foods), Ferrero Group, Unilever PLC, Hormel Foods Corporation, Dabur India Ltd., Mondelez International, Inc., and The Hershey Company (Hershey Trust Company).
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