The fruit jams, jellies, and preserves market is anticipated to experience a growth trajectory, with an expected Compound Annual Growth Rate (CAGR) of 5.4% from 2023 to 2033. Researchers at FMI project the market size to be approximately US$ 1.87 billion in 2023, with a forecasted valuation exceeding US$ 3.16 billion by 2033.
The surge in demand for clean-label ingredients is a notable factor driving this growth, attributed to their role in extending shelf life and enhancing product inventory. Products like fruit jams, jellies, and preserves, utilizing clean labels, have garnered increased consumer confidence.
Anticipated growth is also attributed to the rising demand for organic fruit jams, jellies, and preserves. The utilization of organic ingredients not only contributes to environmental sustainability but also enhances the nutritional content of the products.
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Manufacturers in the current market landscape are focusing on fortifying these products with additional nutrients and introducing diverse flavors, particularly catering to the preferences of young consumers. This strategy aligns with the evolving consumer trend toward healthier and more diverse food choices.
The modern lifestyle, characterized by rapid urbanization and sedentary habits, has led to an increased reliance on convenient food options. With long working hours and limited time for meal preparation, consumers are turning to on-the-go options, such as bread and jams, especially for breakfast. This shift in consumer behavior is expected to significantly influence the adoption rate of fruit jams, jellies, and preserves.
From the insights provided by Nandini Roy Choudhury, Client Partner at Future Market Insights, it can be inferred that ‘soaring demand for clean label ingredients, organic products, the introduction of different flavors, rapid urbanization, and many other factors are expected to surge the fruit jams, jellies, and preserves market growth during the forecast period.’
Key Takeaways:
- The CAGR during the forecast period is expected to be 5.4%.
- In 2023, the valuation is expected to be at US$ 1.87 billion.
- By 2033, the numbers are expected to cross US$ 3.16 billion.
- Based on regional analysis, North America is expected to be the dominant market. As per the CAGR, Asia Pacific is expected to rule the global market.
- The United States market is expected to grow owing to a significant bread market.
- Europe market might prove to be an attractive destination owing to the high consumption of royal jelly.
- Japan market shows promising opportunities owing to the surging mobile food market.
- South Korea market is expected to grow by leaps and bounds owing to the presence of a lucrative spreads market.
- Based on type, the jams and jellies segment is expected to hold the leading market share.
- Based on the distribution channel, the supermarket/hypermarket segment is expected to hold the dominant market share.
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Competitive Landscape
The key players operating in the fruit jams, jellies, and preserves market are investing in the sustainability program. Since the food sector has been generating a massive amount of land pollution, the manufacturers are keeping a check on production activities. The key players are also investing in mergers and acquisitions to expand their market presence. They are also developing strategic partnerships in order to expand their capabilities and product portfolio. The focus is also on improving the supply chain for the seamless transportation of products from one part of the world to another.
Key developments in the fruit jams, jellies, and preserves market:
- In October 2022, B&G Foods announced Andrew Vogel as the Executive Vice president and President of Meals.
- In June 2022, Ferrero SpA plant in Arlon was authorized to restart production in collaboration with the Belgian food safety authority.
Other Key Companies Profiled: Baxters Food Group, Murphy Orchards, National Grape Cooperative Association, Nestle India, The Hershey Company, The J.M. Smucker Company.
Market Segmentation
By Type:
- Jams and Jellies
- Marmalade
- Preserves
By Distribution Channel:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Other Distribution Channels
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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