Report Description

Forecast Period

2025-2029

Market Size (2023)

USD254.5 Million

CAGR (2024-2029)

17.7%

Fastest Growing Segment

Peanut Butter

Largest Market

North


Market Overview

India Spreads Market has valued at USD254.5 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 17.7% through 2029. The Indian spreads market is a diverse and dynamic segment of the country's food industry. Spreadable products, ranging from traditional ghee and chutneys to modern innovations like jams, peanut butter, and chocolate spreads, have become increasingly popular among Indian consumers.

The Indian spreads market has been experiencing steady growth over the past few years, driven by multiple factors. Changing dietary habits, urbanization, and a fast-paced lifestyle have contributed to the increased consumption of spreads. The market encompasses a wide variety of products, catering to different tastes and preferences.

The Indian spreads market is highly competitive, with both domestic and international brands vying for market share. Prominent players in the market include Amul, Britannia, Nestlé, Dabur, and Hershey's, among others. These companies offer a diverse range of spreads, from traditional options like fruit preserves and ghee to contemporary choices like hazelnut chocolate spreads and almond butter.

India has a rich culinary heritage, and traditional spreads like ghee, chutneys, and pickles continue to enjoy a strong presence in the market. However, modern spreads like fruit jams, peanut butter, and chocolate spreads have gained popularity, especially among urban consumers and the younger generation. This shift is partly due to changing lifestyles and the influence of Western food culture.

Consumers in India are becoming increasingly health-conscious, leading to a growing demand for healthier and more nutritious spreads. Manufacturers are responding by introducing products with reduced sugar, trans-fat-free formulations, and natural ingredients. Health-focused spreads like almond butter and honey-based spreads are gaining traction.

While the Indian spreads market offers numerous opportunities for growth, it also faces challenges. Price sensitivity remains a significant factor for consumers, particularly in rural areas. Moreover, regulatory compliance and quality control are essential in ensuring the safety and quality of spreadable products.

Key Market Drivers

Changing Dietary Preferences and Health Awareness

One of the primary drivers of the India spreads market is the evolving dietary preferences of consumers and increasing health awareness. As the Indian population becomes more health-conscious, there is a growing shift towards healthier and more nutritious food choices. This change in consumer behavior has led to a demand for spreads that not only taste good but also offer health benefits.

Manufacturers in the spreads market are responding by introducing healthier alternatives. For example, they are launching spreads made from natural ingredients, such as olive oil or avocado, which are perceived as healthier options compared to traditional butter or margarine. These spreads are often marketed as being low in trans fats and cholesterol, appealing to consumers looking to reduce their intake of these unhealthy components.

Moreover, the incorporation of functional ingredients like omega-3 fatty acids, vitamins, and probiotics into spreads is gaining traction. These ingredients are believed to offer specific health advantages, such as improved heart health or digestive wellness. As consumers become more discerning about the nutritional content of their food, spreads fortified with these beneficial components have found a receptive audience.

Urbanization and Changing Lifestyles

India's ongoing urbanization is another significant driver of the spreads market. As more people move to urban centers, there is an increase in the demand for convenient and ready-to-eat food options. Spreads fit this requirement perfectly as they can be easily spread on bread, crackers, or snacks, offering a quick and hassle-free meal or snack option.

Urbanization has also led to changing lifestyles, with people often having busier schedules. This has resulted in a greater reliance on packaged and processed foods, including spreads, which provide convenience and versatility. Spreads can be used as a topping, filling, or ingredient in a wide range of dishes, making them a versatile choice for busy urban dwellers.

Additionally, urbanization has brought about greater exposure to international cuisines and culinary trends. As people become more adventurous in their food choices, the demand for spreads with diverse flavors and ingredients has surged. Manufacturers are responding by offering spreads with international flavors, such as pesto, hummus, or exotic fruit-infused variants, catering to the changing tastes of urban consumers.

Growing Retail Landscape and E-Commerce

The expanding retail landscape in India, including the proliferation of supermarkets, hypermarkets, and convenience stores, has played a pivotal role in driving the spreads market. These modern retail formats offer a wide variety of spreads, making them easily accessible to consumers. The ability to browse through different brands and flavors under one roof encourages impulse purchases and brand exploration.

Furthermore, the rise of e-commerce has opened up new avenues for the spreads market. Online platforms have become popular channels for purchasing food products, offering convenience and a vast product range. Consumers can easily compare prices and read reviews, making informed choices when buying spreads online.

Manufacturers are also leveraging e-commerce to reach a broader customer base. They often offer exclusive deals, discounts, and bundled offers online, making it an attractive option for price-conscious shoppers. Additionally, e-commerce allows brands to showcase their entire product range, including unique and niche spreads that may not be readily available in physical stores.

 

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Key Market Challenges

Changing Consumer Preferences and Health Consciousness

One of the prominent challenges in the India Spreads Market is the evolving preferences and growing health consciousness among consumers. Traditionally, butter and ghee have been staple ingredients in Indian cuisine, known for their rich flavor and texture. However, in recent years, there has been a noticeable shift in consumer preferences towards healthier alternatives.

Health-conscious consumers are increasingly looking for spreads that are low in saturated fats, trans fats, and cholesterol. They are also seeking products with natural ingredients, minimal additives, and no artificial preservatives. This changing landscape has created a demand for spreads made from healthier oils like olive oil or sunflower oil and those fortified with vitamins and minerals.

Manufacturers in the spreads industry face the challenge of reformulating their products to meet these evolving preferences while maintaining taste and texture. Moreover, they must invest in marketing and education to communicate the health benefits of their products effectively.

Competitive Market and Pricing Pressures

The India Spreads Market is highly competitive, with both domestic and international players vying for market share. This competitive landscape can exert pressure on pricing, potentially leading to a race to the bottom in terms of cost. While this can benefit consumers in the short term, it may undermine the sustainability and quality of products in the long run.

To remain competitive, manufacturers may resort to cost-cutting measures that compromise the quality of ingredients or production processes. This can impact the nutritional value and taste of spreads, ultimately affecting consumer satisfaction. Furthermore, small and local producers may struggle to compete with larger, well-established brands, which can limit diversity in the market.

The challenge for manufacturers is to strike a balance between affordability and product quality, ensuring that consumers have access to a range of spreads that meet their preferences and budgets.

Regulatory Compliance and Labeling

Compliance with regulatory standards and accurate product labeling is another significant challenge in the India Spreads Market. India has stringent regulations governing food products, including spreads, to ensure consumer safety and product quality.

Manufacturers must adhere to labeling requirements that specify the inclusion of nutritional information, ingredient lists, allergen information, and expiration dates. Non-compliance can lead to legal consequences, product recalls, and damage to brand reputation.

Additionally, the Spreads Market faces the challenge of addressing misleading claims and advertising. Consumers are increasingly wary of exaggerated health claims and demand transparency regarding the nutritional content of spreads. Manufacturers must navigate these regulations while also staying competitive in a crowded market.

Key Market Trends

Healthier Alternatives and Nut-Based Spreads

One prominent trend in the India Spreads Market is the growing demand for healthier alternatives, particularly nut-based spreads. Traditionally, butter and margarine dominated the market, but consumers are now seeking options that offer nutritional benefits while being delicious.

Nut-based spreads, such as almond butter, peanut butter, and cashew butter, have gained popularity due to their high protein and healthy fat content. These spreads are perceived as a nutritious choice, and they cater to the increasing number of health-conscious consumers looking for protein-rich breakfast options. Additionally, nut-based spreads are often free from additives and preservatives, further appealing to consumers seeking clean-label products.

Makers of traditional spreads like margarine are also responding to this trend by introducing healthier formulations that are low in trans fats and hydrogenated oils. The market now offers a wide range of spreads with reduced saturated fat content and added functional ingredients like Omega-3 fatty acids.

Flavor Innovations and Fusion Spreads

Flavor innovation is another driving force in the India Spreads Market. Consumers are increasingly looking for exciting and unique flavor experiences in their spreads, going beyond the traditional options. This trend has given rise to fusion spreads that blend diverse culinary traditions and ingredients.

Manufacturers are introducing spreads with international flavors, such as spicy chili-infused butter, Mediterranean-style olive tapenade, or Thai-inspired coconut spreads. These innovative flavors not only cater to adventurous palates but also reflect the multicultural culinary landscape in India.

Moreover, fusion spreads are gaining popularity for their versatility. They can be used as condiments, dips, or even as ingredients in recipes, making them a versatile addition to consumers' kitchens. This trend aligns with the evolving eating habits of Indian consumers, who are increasingly experimenting with global cuisines.

Sustainability Considerations and Ethical Sourcing

Sustainability is becoming a more critical factor in the India Spreads Market, as consumers are becoming more conscious of the environmental and ethical implications of their food choices. This trend extends to the sourcing and production of ingredients used in spreads.

Manufacturers are increasingly emphasizing responsible and ethical sourcing practices for ingredients like palm oil, which is a common component in many spreads. Consumers are showing a preference for spreads that use sustainably sourced palm oil or alternative ingredients to reduce the environmental impact associated with palm oil production.

Furthermore, eco-friendly packaging is gaining traction, with brands exploring options like recyclable containers and reduced plastic usage. Brands that prioritize eco-friendly practices and transparent sourcing are likely to resonate more with environmentally conscious consumers.

Segmental Insights

Product Type Insights

Peanut butter has made a significant impact in the India Spreads Market, becoming a staple in households and a popular choice among consumers of all ages. This humble spread, once considered a foreign novelty, has gradually captured the taste buds and hearts of Indians, reflecting changing dietary preferences, health consciousness, and a growing inclination toward Western-style breakfast choices. This article explores the reasons behind peanut butter's remarkable share in the India Spreads Market, highlighting its journey from an exotic indulgence to a household favorite.

India has experienced a notable shift in dietary preferences and eating habits in recent years, with many individuals opting for healthier and more diverse options. Peanut butter, with its creamy texture and nutty flavor, aligns perfectly with these evolving preferences. It serves as an excellent alternative to traditional Indian breakfast spreads like ghee, jam, or butter, offering a savory and protein-rich option.

The appeal of peanut butter lies in its versatility. It can be used as a spread on bread, rotis, or crackers, and is also a key ingredient in various recipes, including smoothies, salads, and sandwiches. Its adaptability to both sweet and savory dishes makes it a versatile choice for consumers seeking flavor variety.

The growing emphasis on health and nutrition has played a pivotal role in peanut butter's success in the India Spreads Market. Consumers are increasingly aware of the nutritional benefits of peanut butter, which is rich in protein, healthy fats, and essential vitamins and minerals. It provides sustained energy and satiety, making it a popular choice for breakfast or snacks.

Moreover, peanut butter is a source of heart-healthy monounsaturated fats and antioxidants. It contains no trans fats or cholesterol, which aligns with the rising concerns about cardiovascular health and well-being. These health-conscious consumers are drawn to peanut butter as a wholesome and nutritious option, leading to its significant market share.

The success of peanut butter in India can also be attributed to the innovation and marketing efforts of both domestic and international brands. Manufacturers have introduced a range of peanut butter variants, including creamy, crunchy, and flavored options. They have also developed sugar-free and organic varieties to cater to specific dietary preferences.

Effective marketing campaigns have played a crucial role in creating awareness and driving consumption. Brands have highlighted the nutritional benefits, taste appeal, and versatility of peanut butter through various media channels and collaborations with health influencers, further fueling its popularity.

Sales Channel Insights

The India Spreads Market, comprising a diverse range of products from jams and spreads to sauces and condiments, has been significantly impacted by the rapid growth of online sales channels. The emergence of e-commerce platforms as a dominant force in the market has transformed the way consumers shop for spreads. In this analysis, we explore the factors contributing to the dominance of the online sales channel in the India Spreads Market and its implications for both consumers and businesses.

The advent of e-commerce platforms in India has led to a seismic shift in consumer behavior. Increased internet penetration, smartphone adoption, and digital literacy have facilitated the convenience of online shopping. Consumers now prefer the ease and flexibility of browsing a wide assortment of spreads, comparing prices, and placing orders from the comfort of their homes. This shift is especially pronounced among urban consumers with busy lifestyles who value time-saving solutions.

Online sales channels provide a vast marketplace where consumers can explore an extensive array of spreads, ranging from local artisanal brands to international offerings. This diverse selection caters to various tastes and preferences, enabling consumers to discover new and unique products.

The online sales channel's dominance in the India Spreads Market can be attributed to the unparalleled convenience it offers. Consumers can shop for spreads at any time, avoiding the constraints of traditional brick-and-mortar stores' operating hours. Additionally, doorstep delivery eliminates the need for physical travel and allows for hassle-free shopping.

E-commerce platforms frequently offer discounts, promotions, and bundle deals that incentivize consumers to make bulk purchases. These cost-saving opportunities attract budget-conscious shoppers, making online shopping an economically viable option.

Moreover, online platforms feature customer reviews and ratings that empower consumers to make informed decisions about the quality and taste of spreads. This transparency fosters trust and influences purchase choices, particularly for new or unfamiliar brands.

Online sales channels have expanded the reach of the India Spreads Market, bridging geographical barriers and connecting consumers from urban centers to rural areas. In regions where access to specialty or niche spreads was once limited, e-commerce platforms have democratized choices, making a diverse range of products available to a wider audience.

Furthermore, the rise of online grocery delivery services has been a game-changer, ensuring that even consumers in remote locations can access their favorite spreads without visiting physical stores. This accessibility has contributed significantly to the online sales channel's dominance.

 

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Regional Insights

The North region of India plays a pivotal role in the Indian spreads market, holding a significant share that has a far-reaching impact on both the local and national economies. This sprawling region, encompassing states such as Punjab, Haryana, Uttar Pradesh, Himachal Pradesh, and Jammu and Kashmir, boasts a diverse and dynamic agricultural landscape that contributes substantially to the production of various spreads, including jams, jellies, pickles, and sauces.

One of the key factors that make the North region a dominant player in the Indian spreads market is its rich agricultural heritage. The fertile plains of Punjab and Haryana, often referred to as the 'breadbasket of India,' yield an abundance of fruits and vegetables, which serve as the primary raw materials for many spreads. The region's favorable climate, with distinct seasons, facilitates the cultivation of a wide variety of crops. This allows for the year-round availability of fresh ingredients, ensuring a consistent supply to the spreads industry.

Furthermore, the traditional culinary practices and local preferences in the North region have given rise to a thriving market for pickles and chutneys. These condiments, often made from locally sourced ingredients, have become an integral part of North Indian cuisine. As a result, the demand for such products remains consistently high in the region, driving the production and consumption of spreads.

The North region's strategic location also plays a pivotal role in its dominance in the Indian spreads market. It serves as a central hub for distribution, with well-connected road and rail networks that facilitate the transportation of spreads to various parts of the country. This logistical advantage not only ensures the availability of North-produced spreads across India but also reduces transportation costs, making these products more competitively priced.

Moreover, the presence of numerous food processing units and manufacturing facilities in the region further bolsters its share in the spreads market. These facilities are equipped with modern technology and adhere to stringent quality standards, ensuring that the spreads produced meet the highest quality benchmarks. This quality assurance has garnered trust among consumers, both in the North region and beyond, further fueling the demand for North Indian spreads.

In recent years, there has also been a growing trend towards healthy and natural spreads, such as fruit preserves and nut butters. The North region's agricultural diversity caters to this trend as it allows for the production of a wide range of natural and organic spreads. This has not only expanded the market but also attracted health-conscious consumers looking for nutritious options.

Recent Developments

  • In 2023, Apis India, a New Delhi-based company and a key player in the organized honey trade market of India, has recently announced the launch of its new Peanut Butter range. This strategic move aims to strengthen the company's portfolio of healthy products. Apis peanut butter is crafted using natural ingredients and is free from trans fats. Moreover, it is gluten-free and packed with antioxidants, making it a nutritious choice. The Apis Peanut Butter range is available in two variants, Creamy and Crunchy, and is a rich source of vitamins E, B3, and B6.
  • In 2023, Modi Naturals Ltd, a prominent food and beverage company in India, has introduced a new product category under its brand Oleev Kitchen - the Junior Peanut Butter. This specially formulated peanut butter is exclusively designed for children aged 4 to 12 years. Enriched with the GrowX formula, it contains essential vitamins and minerals, making it the only peanut butter brand in the country dedicated to kids.
  • WOW Life Science, in 2023, has launched what it claims to be India's first peanut butter with "superfoods" after extensive customer research and expert consultations. They have introduced two variants - one with "super seeds" like chia, sunflower, pumpkin, and watermelon seeds, and another with roasted chana powder or sattu.

Key Market Players

  • Agro Tech Foods Ltd
  • Dr. Oetker India Pvt. Ltd. (Dr. August Oetker)
  • Ferrero India Pvt. Ltd.
  • G.D. Foods Manufacturing India Pvt. Ltd.
  • Hershey India Pvt. Ltd. (The Hershey Company)
  • Hindustan Unilever Limited (Unilever)
  • Mapro Garden LLP
  • Dabur India Limited
  • Britannia Industries
  • Patanjali Ayurved Limited

 By Product Type

By Sales Channel

By Region

  • Jam
  • Chocolate Spreads
  • Peanut Butter
  • Others
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Others
  • North
  • West
  • East
  • South

 

Report Scope:

In this report, the India Spreads market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Spreads Market, By Product Type:

o   Jam

o   Chocolate Spreads

o   Peanut Butter

o   Others              

  • India Spreads Market, By Sales Channel:

o   Supermarkets/Hypermarkets

o   Convenience Stores

o   Online

o   Others   

  • India Spreads Market, By Region:

o   North

o   South

o   East

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Spreads market.

Available Customizations:

India Spreads Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Spreads Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges Faced Post Purchase

5.    India Spreads Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type Market Share Analysis (Jam, Chocolate Spreads, Peanut Butter, and Others)

5.2.2.    By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North Market Share Analysis

5.2.3.2.        South Market Share Analysis

5.2.3.3.        East Market Share Analysis

5.2.3.4.        West Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  India Spreads Market Mapping & Opportunity Assessment

5.3.1.    By Product Type Market Mapping & Opportunity Assessment

5.3.2.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North India Spreads Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis

6.2.2.    By Sales Channel Market Share Analysis

7.    South India Spreads Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type Market Share Analysis

7.2.2.    By Sales Channel Market Share Analysis

8.    West India Spreads Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type Market Share Analysis

8.2.2.    By Sales Channel Market Share Analysis

9.    East India Spreads Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type Market Share Analysis

9.2.2.    By Sales Channel Market Share Analysis

10.  Market Dynamics

10.1.   Drivers

10.2.   Challenges

11.  Impact of COVID-19 on India SPREADS Market

11.1.   Impact Assessment Model    

11.1.1. Key Segments Impacted

11.1.2. Key Regions Impacted

12.  Market Trends & Developments

13.  Porter’s Five Forces Model

13.1.   Competitive Rivalry

13.2.   Bargaining Power of Buyers

13.3.   Bargaining Power of Suppliers

13.4.   Threat of New Entrants

13.5.   Threat of Substitutes

14.  SWOT Analysis

14.1.   Strengths

14.2.   Weaknesses

14.3.   Opportunities

14.4.   Threats

15.  Policy and Regulatory Landscape

16.  India Economic Profile

17.  Company Profiles

17.1.1. Agro Tech Foods Ltd

17.1.1.1.     Company Details

17.1.1.2.     Product & Services

17.1.1.3.     Financials (As Per Availability)

17.1.1.4.     Key market Focus & Geographical Presence

17.1.1.5.     Recent Developments

17.1.1.6.     Key Management Personnel

17.1.2. Dr. Oetker India Pvt. Ltd. (Dr. August Oetker)

17.1.2.1.     Company Details

17.1.2.2.     Product & Services

17.1.2.3.     Financials (As Per Availability)

17.1.2.4.     Key market Focus & Geographical Presence

17.1.2.5.     Recent Developments

17.1.2.6.     Key Management Personnel

17.1.3. Ferrero India Pvt. Ltd.

17.1.3.1.     Company Details

17.1.3.2.     Product & Services

17.1.3.3.     Financials (As Per Availability)

17.1.3.4.     Key market Focus & Geographical Presence

17.1.3.5.     Recent Developments

17.1.3.6.     Key Management Personnel

17.1.4. G.D. Foods Manufacturing India Pvt. Ltd.

17.1.4.1.     Company Details

17.1.4.2.     Product & Services

17.1.4.3.     Financials (As Per Availability)

17.1.4.4.     Key market Focus & Geographical Presence

17.1.4.5.     Recent Developments

17.1.4.6.     Key Management Personnel

17.1.5. Hershey India Pvt. Ltd. (The Hershey Company)

17.1.5.1.     Company Details

17.1.5.2.     Product & Services

17.1.5.3.     Financials (As Per Availability)

17.1.5.4.     Key market Focus & Geographical Presence

17.1.5.5.     Recent Developments

17.1.5.6.     Key Management Personnel

17.1.6. Hindustan Unilever Limited (Unilever)

17.1.6.1.     Company Details

17.1.6.2.     Product & Services

17.1.6.3.     Financials (As Per Availability)

17.1.6.4.     Key market Focus & Geographical Presence

17.1.6.5.     Recent Developments

17.1.6.6.     Key Management Personnel

17.1.7. Mapro Garden LLP

17.1.7.1.     Company Details

17.1.7.2.     Product & Services

17.1.7.3.     Financials (As Per Availability)

17.1.7.4.     Key market Focus & Geographical Presence

17.1.7.5.     Recent Developments

17.1.7.6.     Key Management Personnel

17.1.8. Dabur India Limited

17.1.8.1.     Company Details

17.1.8.2.     Product & Services

17.1.8.3.     Financials (As Per Availability)

17.1.8.4.     Key market Focus & Geographical Presence

17.1.8.5.     Recent Developments

17.1.8.6.     Key Management Personnel

17.1.9. Britannia Industries

17.1.9.1.     Company Details

17.1.9.2.     Product & Services

17.1.9.3.     Financials (As Per Availability)

17.1.9.4.     Key market Focus & Geographical Presence

17.1.9.5.     Recent Developments

17.1.9.6.     Key Management Personnel

17.1.10.               Patanjali Ayurved Limited

17.1.10.1.   Company Details

17.1.10.2.   Product & Services

17.1.10.3.   Financials (As Per Availability)

17.1.10.4.   Key market Focus & Geographical Presence

17.1.10.5.   Recent Developments

17.1.10.6.   Key Management Personnel

18.  Strategic Recommendations

18.1.   Key Focus Areas

18.2.   Target Product Type

18.3.   Target Sales Channel

19.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the India spreads market was estimated to be USD254.5 million in 2023.

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The growth of the India spreads market is primarily driven by increasing consumer demand for convenience foods and the diversification of product offerings to cater to evolving tastes and preferences.

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The India spreads market is witnessing a growing demand for healthier and natural spread options, with consumers increasingly favoring products made from organic and locally sourced ingredients.

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The India spreads market is witnessing a growing demand for healthier and natural spread options, with consumers increasingly favoring products made from organic and locally sourced ingredients.

profile

Parvati Sharma

Account Manager BD
Press Release

India Spreads Market to Grow with a CAGR of 17.7% through 2029

Oct, 2023

India''s Spreads market is thriving due to a combination of factors such as driven by evolving dietary preferences, urbanization, changing lifestyles, and the growth of modern retail and e-co