FMI BRICS Sweet and Savoury Spreads Market Growth and | Page 4

BRICS Sweet and Savoury Spreads Market
Research Offers 6-Year Forecast on BRICS Sweet and Savoury Spreads Market
Sweet and savoury spread includes Jams, Honey, Chocolate spreads, Marmalade, Bovril and other products.
Some drivers are growing health awareness, increasing demand for convenience food and perceiving
spreads as an indispensable ingredient used in food stuff. Increasing popularity of cereals, declining sales of
bread and rising cost of raw materials such as fruits, sugar and cocoa are the restraints in the sweet and
savoury spread market.
Sweet and savoury spread market in India and China is expected to show double digit growth with a healthy
CAGR.
On the basis of type sweet and savoury spread market is segmented into Honey, Jam and preserves, Nut and
seed based spreads, Chocolate spread, Yeast based spreads. On the basis of region sweet and savoury
spreads market is segmented into North America, Asia Pacific, Europa and Rest of the world.
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Spread market in Brazil is highly fragmented owing to the presence of various regional players. Hindustan
Unilever Limited launched various spreads such as Bread spread, Kissan creamy spreads. Some other spreads
are mayonnaise based spreads that includes flavours such as classic mayonnaise, tomato twist and cheesy
garlic. Kissan also added products such as Fruit Kick Spreads and fruity sweet spreads that were targeted at
calorie conscious teenagers. In Russia changing lifestyl e, busy schedule and shortage of time for making
home-made preserves, storage issues promotes the usage of readymade spreads. In Russia manufacturers
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