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Market volume of Global Honey Segment, 2022 - 2030 (million kilograms)

Industry: Consumer
Current: Market Sizing & Shares

Market volume of Global Honey Segment, 2022 - 2030 (million kilograms)

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Global honey segment

The syrups and spreads market consists of the retail sale of jams, jellies, preserves, molasses, savory spreads (sandwich fillers, meat paste, fish paste, and beef or yeast-based spreads), sweet spreads (chocolate, honey, nutbased, and other sweet spreads), and syrups.

Market analysis of global honey segment

The global syrups and spreads market registered strong growth during the review period. The growth of the market is expected to accelerate over the forecast period. Rising consumer preference towards syrups and spreads in regions like Europe and North America is expanding the global market for these products. Europe remains the world’s largest syrups and spreads market in value terms. Globally, busy lifestyles with a growing number of women in the workplace and changing food habits contributed to market growth. Rising health consciousness and consumer preference for clean label products also affect market growth.

Who are the leading players in the global syrups and spreads market?

Ferrero is the leading player in the global syrups and spreads market, accounting for a significant percentage of the market value in 2020. The company has a strong foothold in the sweet spreads segment, through brands such as Cokokrem. J.M. Smucker Company is the second leading player in the global syrups and spreads market, accounting for an adequate percentage of the market value in 2020.

The company has a strong foothold in the jams, jellies and preserves, sweet spreads, and syrups segments, through brands such as Cokokrem. US-based multinational Andros Group, Inc. is the third leading player in the global syrups and spreads market, accounting for a fair percentage of the market value in 2020. The company has a strong foothold in the jams, jellies and preserves, and sweet spreads segments, through brands such as Cokokrem.