UK Food Spreads Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.01 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Food Spreads Market Analysis
The United Kingdom Food Spreads Market is projected to register a CAGR of 3.01% over the next five years.
Consumer demand for food spreads is increasing in the country owing to increasing demand for processed and convenience food. Food spreads are consumed in large quantities, especially by children. Food spreads like fruit-based spreads, jams, jellies, and preserves are liked by young consumers. Due to rising health consciousness, consumer demand for nut-based spreads is also increasing. Owing to this, the market players are launching new and innovative products in the market. For instance, in July 2022, Drizzler launched the first and only squeezy peanut butter in the United Kingdom Supermarkets. The product is available in two varieties, i.e., Classic Roasted Super Smooth Peanut Butter and Golden Roasted Super Smooth Peanut Butter.
Due to rising disposable income, increasing working population, and hectic schedules, consumers are opting for online shopping as it is convenient and time-saving. According to Government of Canada Data from 2021, the United Kingdom was 4th largest e-commerce market having a value of USD 330,037.5 million. furthermore, due to the increasing vegan trend, consumers are opting for the consumption of plant-based food spreads. Owing to this, market players are launching plant-based food spreads in the market. For instance, in October 2021, the popular dairy brand Boursin launched Garlic and Herbs Cheese Spread in the United Kingdom Market. Over the medium term, the demand for different food spreads is expected to increase owing to the increasing consumption of convenience and processed food.
UK Food Spreads Market Trends
Increasing Demand for Natural/Organic Spreads
Consumer demand for natural and organic-based spreads is increasing in the country owing to its health benefits. Food spreads are used by consumers frequently during breakfast, lunch, and sometimes at dinner as well. Therefore, the use of natural and organic food spreads is preferred by consumers over artificial ones. Additionally, consumer demand for plant-based, low-calorie, and sugar-free spreads is also increasing due to the increasing prevalence of lifestyle diseases like obesity and heart diseases. Additionally, consumer demand for honey is also constant in the country due to its health benefits. Considering the demand, market players are launching new and innovative products in the market. For instance, in April 2022, Nuccy, a United Kingdom-based company launched an Adaptogenic nut butter spread. The product is vegan, palm oil free, and made with organic ingredients.
E-Commerce Sales Driving Spreads Market in the United Kingdom
The spreads are a basic component during breakfast and evening snacks among the British. Different types and varieties of food spreads are available in different supermarkets, hypermarkets, and convenience stores in the United Kingdom. Due to hectic work schedules and the increasing working population of women, they are opting for buying products online. E-commerce websites like Amazon.com, Tesco.com., and many more provide discounts and offers on the products due to which consumers are opting for buying the products online. This helps save time and money for the British people. Additionally, a variety and different types of food spreads are available online than in supermarkets. This accounts for the booming E-Commerce Sales of the Food Spreads Market. According to the Government of Canada data from 2021, E-commerce sales of food and drinks were USD 17,830.9 million.
UK Food Spreads Industry Overview
The United Kingdom Food Spreads Market is a Fragmented Market, with the presence of both prominent as well as regional players. Some of the major players are Unilever Plc, Ferrero International SA, Upfield Holdings B.V., The Hain Celestial Group, and The J. M. Smucker Company. The demand for vegan chocolate spreads is increasing among consumers owing to which market players are adopting strategies like innovation, mergers and acquisitions, and partnerships.
UK Food Spreads Market Leaders
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Unilever Plc
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Ferrero International SA
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Upfield Holdings B.V.
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The Hain Celestial Group
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The J. M. Smucker Company
*Disclaimer: Major Players sorted in no particular order
UK Food Spreads Market News
- In November 2022, MeliBio, the first plant-based honey company partnered with Narayan Foods to launch its products across 75,000 European stores including the United Kingdom. The products of MeliBio are sold under Narayan Foods' Better Foodie brand.
- In September 2021, Violife, the dairy alternative brand, expanded its vegan spreads range with the new Viospread. Violife also unveiled a new vegan spread containing just 22% fat. Viospread Light & Creamy is described as a 'dairy-free product' ideal for toast, pancakes, crackers, or melted over hot vegetables.
- In July 2021, a London-based Fabulous brand launched its first vegan chocolate spread made from chickpeas in the market. The spreads are available in 2 flavors i.e., Organic Hazelnut and Cocoa Spread. The company claims that the products are made with all organic ingredients.
UK Food Spreads Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Nut- and Seed-based Spread
5.1.2 Fruit-based Spread
5.1.3 Honey
5.1.4 Chocolate-based Spread
5.1.5 Others
5.2 Distribution Channel
5.2.1 Supermarket/Hypermarket
5.2.2 Convenience Stores
5.2.3 Online Retailers
5.2.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Unilever Plc
6.3.2 Ferrero International SA
6.3.3 Upfield Holdings B.V.
6.3.4 Stute Foods
6.3.5 Bonne Maman
6.3.6 British Corner Shop
6.3.7 Nestle SA
6.3.8 Hain Celestial Group
6.3.9 Sioux Honey Association Co-op
6.3.10 Fabulous
6.3.11 The J. M. Smucker Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
UK Food Spreads Industry Segmentation
A spread is a food that is applied, generally with a knife, onto foods such as bread and crackers. Spreads are added to food to enhance the flavor or texture of the food, which may be considered bland without it. The United Kingdom Food Spreads Market is segmented on the basis of product type into the nut and seed-based spreads, fruit-based spreads, honey, chocolate-based spreads, and other product types. By distribution channel, the market is segmented into supermarkets/ hypermarkets, convenience stores, specialist retailers, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Product Type | |
| Nut- and Seed-based Spread | |
| Fruit-based Spread | |
| Honey | |
| Chocolate-based Spread | |
| Others |
| Distribution Channel | |
| Supermarket/Hypermarket | |
| Convenience Stores | |
| Online Retailers | |
| Others |
UK Food Spreads Market Research FAQs
What is the current UK Food Spreads Market size?
The UK Food Spreads Market is projected to register a CAGR of 3.01% during the forecast period (2024-2029)
Who are the key players in UK Food Spreads Market?
Unilever Plc, Ferrero International SA, Upfield Holdings B.V., The Hain Celestial Group and The J. M. Smucker Company are the major companies operating in the UK Food Spreads Market.
What years does this UK Food Spreads Market cover?
The report covers the UK Food Spreads Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK Food Spreads Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UK Food Spread Industry Report
Statistics for the 2024 UK Food Spread market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Food Spread analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
