Press release
Fortified Breakfast Spreads Market: Functional food to Rise at 7.3% CAGR by 2023
Market Highlight:
“Fortified breakfast spreads” is nothing but soft spreadable fruit, nut, and dairy processed product generally eaten with bread, bagel and usually for breakfast. Fortification involves the process of adding micronutrients to the fortified breakfast spreads which are generally consumed by the different age group consumers. These fortified products offer extra micronutrients which includes essential trace elements & different vitamins.
The global fortified breakfast spread market is anticipated to be driven by increasing health conscious consumers in developing economies. Also, the enhancement of livelihood in developing economies is a significant factor for the growth of this market during the forecast period. Fortified food is also getting momentum due to the strong initiative taken up by World Health Organization (WHO) and Food & Agriculture Organization (FAO) for minimizing the occurrence of malnutrition. Due to the hectic work life, consumers are looking out for convenience products to fulfil the daily nutrition intake. These factors will support the growth of fortified breakfast spreads market during the forecast period 2017-2023.
Key Findings:
• Changing consumption pattern & urbanization has spurred the growth of fortified breakfast spreads market
• The market growth in North America region is high compare to Europe
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Market Segments:
Fortified breakfast spreads market has been segmented
• On the basis of Source which includes fruit based, nut based, dairy based, and others. Fruit based fortified breakfast spreads dominates the market, however due to rising health awareness, nut based fortified breakfast spreads is projected to grow at the highest CAGR.
• On the basis of Nutrients, the market is segmented into vitamins, minerals, proteins, prebiotics & probiotics
• On the basis of Distribution Channel, this market is segmented into store based and non-store based. Store based will dominate the market however non-store based will be highest growing due to growing popularity of online stores.
Study objectives of fortified breakfast spread market:
• Deep dive study of the market segments and sub-segments
• To estimate and forecast market size by source, nutrients, distribution channel and region
• To analyze the key driving forces influencing the market
• Region level market analysis and market projections for North America, Europe, Asia, and Rest of the World (ROW) and their countries
• Value chain analysis & supply chain analysis
• Company profiling of major players in the market
• Competitive strategy analysis, mapping of key stakeholders in the market
• Analysis of historical market trends, and technologies, and current government regulatory requirements
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Competitive Analysis
The key players profiled in the fortified breakfast spreads market are as
• Unilever Group (U.K.)
• Wellness Foods Ltd. (U.K.)
• Premier Foods Plc. (U.K.)
• Ferrero Group (Italy)
• Andros SAS (France)
• Daiya Foods Inc. (Canada)
• Kraft Foods Group Inc. (U.S.)
Intended Audience:
• Fortified breakfast spreads manufacturers
• Retailers, wholesalers
• E-commerce companies
• Traders, Importers and exporters
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Regional Analysis:
The global fortified breakfast spreads market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North American region has major market share followed by Europe and APAC respectively. Changing consumption pattern, rising health awareness, hectic lifestyle and rising disposable income in Asia Pacific region are anticipated to drive the demand for breakfast. Furthermore the rising working class population and growing demand for on-the-go products, especially in China and India will be a crucial factor underlining the market growth.
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Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
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+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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