The global fruit jams, jellies, and preserves market is poised for substantial growth, expected to be valued at US$ 1.87 billion in 2023 and projected to achieve a robust CAGR of 5.4% by 2033, reaching an impressive market size of US$ 3.16 billion. The market thrives on diverse factors such as the increasing popularity of jams among the youth, the nutritional quality of these products, and the rising demand for clean-label ingredients. The shift in consumer lifestyles towards convenient and ready-to-eat foods, coupled with the surge in health-conscious choices, presents a lucrative opportunity for the market.
The market demand is propelled by the burgeoning consumption of jams and jellies, especially among the youth, who prefer quick and easy breakfast options. Additionally, the incorporation of these products in the US$ 180 billion ready-to-eat food niche offers a massive market opportunity. The nutritional recommendations by healthcare experts, emphasizing the benefits of jams containing essential vitamins and antioxidants, further contribute to the market’s upward trajectory. The introduction of innovative flavors targeting school-going children adds to the product appeal.
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Key factors driving market growth include the surging popularity of jams among the youth, emphasizing the convenience of consumption in busy schedules. The nutritional attributes, including Vitamin C, natural fiber, and antioxidants, align with health-conscious consumer preferences. Innovations in flavor offerings, especially appealing to school-going children, and the utilization of jams in the growing ready-to-eat food sector further fuel market expansion. Despite challenges such as obesity concerns and production costs, rapid urbanization, technological advancements, and rising disposable income are expected to propel the market, especially in North America and the Asia Pacific.
In the current times, manufacturers are fortifying fruit jams, jellies, and preserves with extra nutrients. The manufacturers are also introducing different flavors, which are expected to further expand the market. This is done in a bid to focus particularly on small children.
Owing to rapid urbanization, people have started leading a sedentary lifestyle. This has led to long working hours, as a result of which people hardly have any time to cook food by themselves. Thus, they visit mobile food stores for breakfast, wherein they mainly consume bread and jams as a virtually staple food. Such factors are expected to massively influence the adoption rate.
From the insights provided by FMI analysts, 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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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