call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
India Spreads Market
Inquire Before Buying Request for Sample

India Spreads Market

Home Food And Beverages India Spreads Market

India Spreads Market, By Spread Type (Sweet Spreads, (Jams, Jellies, Preserves, Chocolate Spreads, Honey, Nut Butter), Savory Spreads (Cheese Spreads, Peanut Butter, Hummus, Mayonnaise)); By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Departmental Stores, Traditional Grocery Stores); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: April 2024
  • Report ID: BWC24299
  • Available Format: PDF
  • Page: 200

Report Overview

Population growth, changing consumer preferences, increasing urbanization, expanding middle class, technological advancements, and evolving dietary habits are driving the growth of India Spreads Market during the forecast period between 2024 and 2030.

India Spreads Market – Industry Trends & Forecast Report, 2030

India Spreads Market size by value was estimated at USD 304.1 million in 2023. During the forecast period between 2024 and 2030, the India Spreads Market size is expected to expand at a CAGR of 6.9% reaching a value of USD 486.7 million by 2030. The India spreads market is influenced by various factors including consumer preferences, economic conditions, and technological advancements. Demographic shifts, such as urbanization and rising disposable incomes, drive demand for convenient and packaged food options, boosting the spreads market. Moreover, cultural diversity and regional tastes influence product variations and marketing strategies. Economic stability and fluctuations in raw material prices impact production costs and consumer pricing. Technological innovations in manufacturing processes and packaging techniques enhance product quality and shelf life, affecting consumer choices. Additionally, regulatory changes and market competition play crucial roles in shaping the dynamics of the India Spreads Market.

India Spreads Market

Spreads – Overview

Sweet and savory spreads are versatile condiments that elevate dishes with their delicious flavors. From fruity jams and honey to savory tapenades and flavored butter, these spreads offer a myriad of options for culinary creativity. They can be used as toppings for toast, crackers, and sandwiches, or incorporated into recipes to add depth and complexity. With endless possibilities for pairing and application, sweet and savory spreads are essential staples in any kitchen.

India Spreads Market

Growth Drivers

Increasing Urbanization and Busy Lifestyles

As urbanization accelerates in India, and people adopt busier lifestyles, the demand for convenient, ready-to-eat food options like spreads is witnessing significant growth. Urban dwellers, pressed for time, seek quick yet nutritious meal solutions, making spreads an attractive choice. With more people living in cities, the market for spreads expands rapidly, catering to the needs of on-the-go consumers. Additionally, the versatility of spreads in complementing various dishes appeals to modern, cosmopolitan tastes. This trend propels the India Spreads Market, as manufacturers innovate to offer diverse flavors and healthier options, capturing the urban consumer base.

Challenges

Competition from Private Label and Regional Brands

Despite market dominance, India's spreads face mounting pressure from private label and regional brands. With increasing consumer preference for cost-effective alternatives and locally sourced products, established brands must innovate to maintain market share. To counter the challenge, fostering strong brand loyalty through targeted marketing campaigns and emphasizing unique value propositions is essential. Additionally, prioritizing distribution channels and ensuring widespread availability can help combat the encroachment of private labels and regional competitors. By continuously adapting strategies and enhancing product differentiation, established brands can navigate the competitive landscape and sustain their position in the dynamic India Spreads Market.

Impact of Escalating Geopolitical Tensions on India Spreads Market

Escalating geopolitical tensions can significantly impact the India Spreads Market, causing volatility and uncertainty. For instance, any flare-up between India and its neighbors, such as Pakistan or China, could lead to investor apprehension, affecting market sentiment. Heightened tensions often result in increased risk premiums, affecting the cost of borrowing for Indian companies. Additionally, disruptions in global trade due to geopolitical conflicts can hinder the flow of goods and services, impacting businesses reliant on international trade. Moreover, escalating tensions may lead to currency depreciation, affecting the purchasing power of Indian consumers and the profitability of import-dependent companies. Overall, these factors contribute to heightened market volatility and can pose challenges for investors navigating the India Spreads Market.

India Spreads Market

Segmental Coverage

India Spreads Market – By Spread Type

Based on spread type, India Spreads Market is divided into Sweet Spreads and Savory Spreads. The sweet spreads segment is sub-segmented into Jams, Jellies, Preserves, Chocolate Spreads, Honey, and Nut Butters. Also, the savory spreads segment is sub-segmented into Cheese Spreads, Peanut Butter, Hummus, and Mayonnaise segments. The sweet spreads segment is a higher contributor to the India Spreads Market. The segment encompasses a wide range of products such as jams, jellies, preserves, chocolate spreads, and honey, which are popular choices among consumers for breakfast and snack accompaniments. The popularity of sweet spreads is driven by their versatility, appealing taste, and cultural significance in Indian cuisine. With a diverse array of flavors and applications, sweet spreads hold a dominant position in the market, reflecting the preferences of Indian consumers for indulgent and flavorful food options in their daily lives.

India Spreads Market Size

India Spreads Market – By Distribution Channel

Based on distribution channel, India Spreads Market is divided into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Departmental Stores, and Traditional Grocery Stores segments. The traditional grocery stores segment is the largest in the India Spreads Market. The establishments have long-standing roots in Indian communities, offering a wide array of spreads alongside various everyday necessities. Traditional grocery stores hold a significant market share due to their accessibility, cultural familiarity, and ability to cater to diverse consumer preferences. Despite the emergence of modern retail formats like supermarkets and online platforms, Traditional grocery stores continue to thrive, retaining a loyal customer base and serving as essential hubs for purchasing spreads and other household items across India's varied demographic landscape.

India Spreads Market Share

India Spreads Market – By Region

Based on region, India Spreads Market is divided into North India, South India, East India, and West India. South India is the leading region in the India Spreads Market. Renowned for its diverse culinary traditions and rich flavors, South India encompasses states such as Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh. This region boasts a vibrant assortment of spreads, including chutneys, pickles, and sauces, deeply ingrained in local cuisine and culture. With its expansive market demand fueled by a large population and strong culinary heritage, South India stands out as a prominent hub for the spread industry, showcasing an array of traditional and innovative products catering to diverse palates and preferences.

Competitive Landscape

Major players in the India Spreads Market include ITC Limited, Hindustan Unilever Limited (HUL), Mother Dairy Fruit Products Pvt Ltd, Nestle India Ltd, Kellogg India Pvt Ltd, Dabur India Ltd, Godrej Hershey Ltd, Ferrero India Pvt Ltd, Borges India Pvt Ltd, and Zydus Cadila Healthcare Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million 

Market Coverage

India

Product/Service Segmentation

Spread Type, Distribution Channel, Region

Key Players

ITC Limited, Hindustan Unilever Limited (HUL), Mother Dairy Fruit Products Pvt. Ltd., Nestle India Ltd, Kellogg India Pvt Ltd, Dabur India Ltd, Godrej Hershey Ltd, Ferrero India Pvt Ltd, Borges India Pvt Ltd, Zydus Cadila Healthcare Ltd

 

 

By Spread Type

  • Sweet Spreads

  1. Jams

  2. Jellies

  3. Preserves

  4. Chocolate Spreads

  5. Honey

  6. Nut Butters

  • Savory Spreads

  1. Cheese Spreads

  2. Peanut Butter

  3. Hummus

  4. Mayonnaise 

By Distribution Channel

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Online Retail

  • Departmental Stores

  • Traditional Grocery Stores

By Region

  • North India
  • South India
  • East India
  • West India
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Spreads Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising disposable incomes and changing consumer preferences
        2. Increasing urbanization and busy lifestyles
        3. Growing awareness of health benefits (for certain spreads)
        4. Introduction of innovative product varieties
        5. Expanding retail channels and online penetration
      2. Restraints
        1. Price sensitivity of Indian consumers
        2. Competition from private label and regional brands
        3. Fluctuations in raw material prices
      3. Opportunities
        1. Untapped potential in emerging markets
        2. Development of innovative biological products
        3. Integration with precision agriculture technologies
      4. Challenges
        1. Rising health concerns (for sugary spreads)
        2. Stringent regulations and food safety standards
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Spreads Market: Pricing Analysis
  5. India Spreads Market: Marketing Strategies
  6. India Spreads Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Spread Type
        1. Sweet Spreads
          1. Jams
          2. Jellies
          3. Preserves
          4. Chocolate Spreads
          5. Honey
          6. Nut Butters
        2. Savory Spreads
          1. Cheese Spreads
          2. Peanut Butter
          3. Hummus
          4. Mayonnaise
      2. By Distribution Channel
        1. Supermarkets and Hypermarkets
        2. Convenience Stores
        3. Online Retail
        4. Departmental Stores
        5. Traditional Grocery Stores
      3. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  7. North India Spreads Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Region
  8. South India Spreads Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Region
  9. East India Spreads Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Region
  10. West India Spreads Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Region
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Spreads Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operation Channel Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on India Spreads Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. ITC Limited
    2. Hindustan Unilever Limited (HUL)
    3. Mother Dairy Fruit Products Pvt Ltd
    4. Nestle India Ltd
    5. Kellogg India Pvt Ltd
    6. Dabur India Ltd
    7. Godrej Hershey Ltd
    8. Ferrero India Pvt Ltd
    9. Borges India Pvt Ltd
    10. Zydus Cadila Healthcare Ltd
    11. Weikfield Foods Pvt Ltd
  14. Key Strategic Recommendations
  15. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1       India Spreads Market Segmentation             

Figure 2       India Spreads Market Value Chain Analysis   

Figure 3       Company Market Share Analysis, 2023                                               

Figure 4       India Spreads Market Size, By Value (USD Million), 2019–2030

Figure 5       India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 6       India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Figure 7       India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 8       India Spreads Market Share, By Value (USD Million) 2019–2030

Figure 9       India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 10     North India Spreads Market Size, By Value (USD Million), 2019–2030

Figure 11     North India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 12     North India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Figure 13     North India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 14     North India Spreads Market Share, By Value (USD Million) 2019–2030

Figure 15     South India Spreads Market Size, By Value (USD Million), 2019–2030

Figure 16     South India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 17     South India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Figure 18     South India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 19     South India Spreads Market Share, By Value (USD Million) 2019–2030

Figure 20     East India Spreads Market Size, By Value (USD Million), 2019–2030

Figure 21     East India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 22     East India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Figure 23     East India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 24     East India Spreads Market Share, By Value (USD Million) 2019–2030

Figure 25     West India Spreads Market Size, By Value (USD Million), 2019–2030

Figure 26     West India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Figure 27     West India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030 

Figure 28     West India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Figure 29     West India Spreads Market Share, By Value (USD Million) 2019–2030                                        

 

List of Tables   

   

Table 1         India Spreads Market Size, By Value (USD Million), 2019–2030

Table 2         India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 3         India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Table 4         India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 5         India Spreads Market Share, By Value (USD Million) 2019–2030

Table 6         India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 7         North India Spreads Market Size, By Value (USD Million), 2019–2030

Table 8         North India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 9         North India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Table 10       North India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 11       North India Spreads Market Share, By Value (USD Million) 2019–2030

Table 12       South India Spreads Market Size, By Value (USD Million), 2019–2030

Table 13       South India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 14       South India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Table 15       South India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 16       South India Spreads Market Share, By Value (USD Million) 2019–2030

Table 17       East India Spreads Market Size, By Value (USD Million), 2019–2030

Table 18       East India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 19       East India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030

Table 20       East India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 21       East India Spreads Market Share, By Value (USD Million) 2019–2030

Table 22       West India Spreads Market Size, By Value (USD Million), 2019–2030

Table 23       West India Spreads Market Share, By Product Type, By Value (USD Million) 2019–2030

Table 24       West India Spreads Market Share, By Distribution Channel, By Value (USD Million) 2019–2030 

Table 25       West India Spreads Market Share, By Region, By Value (USD Million) 2019–2030

Table 26       West India Spreads Market Share, By Value (USD Million) 2019–2030                              

Table 27       ITC Limited Overview

Table 28       ITC Limited Company Overview

Table 29       Hindustan Unilever Limited (HUL), Company Overview

Table 30       Hindustan Unilever Limited (HUL), Company Overview

Table 31       Mother Dairy Fruit Products Pvt Ltd, Company Overview

Table 32       Mother Dairy Fruit Products Pvt Ltd, Company Overview

Table 33       Nestle India Ltd Company Overview

Table 34       Nestle India Ltd Company Overview

Table 35       Kellogg India Pvt Ltd Company Overview

Table 36       Kellogg India Pvt Ltd Company Overview

Table 37       Dabur India Ltd Company Overview

Table 38       Dabur India Ltd Company Overview

Table 39       Godrej Hershey Ltd Company Overview

Table 40       Godrej Hershey Ltd Company Overview

Table 41       Ferrero India Pvt Ltd Company Overview

Table 42       Ferrero India Pvt Ltd Company Overview

Table 43       Borges India Pvt Ltd Company Overview

Table 44       Borges India Pvt Ltd Company Overview

Table 45       Zydus Cadila Healthcare Ltd Company Overview

Table 46       Zydus Cadila Healthcare Ltd Company Overview

Table 47       Weikfield Foods Pvt Ltd Pvt Ltd Company Overview

Table 48       Weikfield Foods Pvt Ltd Pvt Ltd Company Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The India Spreads Market size by value was estimated at USD 304.1 million in 2023.
Ans: The India Spreads Market by value is expected to grow at a CAGR of 6.9% during the forecast period between 2024 and 2030.
Ans: The India Spreads Market size is forecast to reach a value of USD 486.7 million by 2030.
Ans: The growth of the India Spreads Market is primarily driven by population growth, changing consumer preferences, increasing urbanization, expanding middle class, technological advancements, and evolving dietary habits.
Ans: Key players in India Spreads Market include ITC Limited, Hindustan Unilever Limited (HUL), Mother Dairy Fruit Products Pvt Ltd, Nestle India Ltd, Kellogg India Pvt Ltd, Dabur India Ltd, Godrej Hershey Ltd, Ferrero India Pvt Ltd, Borges India Pvt Ltd, and Zydus Cadila Healthcare Ltd.
Ans: The sweet spreads segment accounts for the highest market share in the India Spreads Market by spread type.
Ans: The traditional grocery stores segment accounts for the highest market share in the India Spreads Market.
Ans: South India accounts for the highest market share in the India Spreads Market.