UK Food Spreads Market Size (2024 - 2029)

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 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).