The Jam, Jelly And Preserves Market was valued at USD 1.5 billion in 2020 projected to register a CAGR of 5.5% during the forecast period, 2022–2027.
Modern consumer tastes and eating habits, as well as the growing desire for organic goods, are the key factors driving the global market for jam, jelly, and preserves. Additionally, these goods are employed in the production of other culinary products. They include, among other things, cookies, cakes, salads, and smoothies. This serves as another another catalyst for the growth. The convenience provided by food supplements, consumers’ preference for ready-to-eat foods, and the prevalence of food products with various flavours are further driving forces.
It is anticipated that newer flavours, product improvements, and greater product awareness would offer new lucrative prospects, fueling market expansion. Consumers are constantly on the lookout for diets that are low in fat, healthy, and fortified. Consequently, using alternatives to sugar in the jams and jellies gives a favourable result.
Fruits, pectin, and sugar are combined to create jams, jellies, and preserves. They are frequently spread on sliced white or brown toast for breakfast. Jams combine juice or fruit purée with fruit pieces that have been crushed. Preserves often contain whole or larger pieces of fruit. All-fruit juices are used to create the completed jelly foods, which include delicious spreads and are clear or translucent.
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Key Companies Insights
Key players are focusing on technology collaborations, partnerships, mergers and acquisitions strategies to gain competitive advantage and expand product portfolios and business footprints. Manufacturers introduce product innovations in terms of products, ingredients, flavours, prices, and packaging, resulting in a high level of competition in the market. Also, high industrial profitability has prompted manufacturers to adopt strong competitive strategies. Moreover, key players are heavily using product innovation as a key strategy to consolidate the market. These companies are increasing their investment in research and development to create products that meet consumer needs, expand their presence, and maintain their market position. For example, Jumel Jams launched a line of sugar-free jams through online stores in 2020. The range included four flavours of stevia sweetener with gluten-free and low-salt properties.
Some of the key players operating in the global jam, jelly and preserves market include:
· Andros Foods USA, Inc. (Bonne Maman)
· B&G Foods, Inc
· Baxters Food Group
· Bonne Maman
· Braswell’s, Welch’s
· Conagra Brands, Inc
· Crofters Food Ltd
· F. Duerr & Sons Ltd
· Ferrero International SA
· GD Foods
· Hindustan Unilever Limited
· Kraft Heinz Company
· Murphy Orchards
· National Grape Cooperative Association, Inc.
· Nestle India Ltd.
· Orkla ASA
· Ritter Alimentos SA
· RochakAgro Food Products Pvt Ltd
· The Hain Celestial Group, Inc
· The Hershey Company
· The J.M. Smucker Company
· The Kraft Heinz Company
· The Nashville Jam Co
· Unilever
· Welch Foods, Inc.
· Wilkin & Sons Ltd
· WT Lynch Foods Limited
· Other Players
Segments
By Type
· Jams
· Jellies
· Preserve
By Flavours
· Mango
· Grapes
· Blackberry
· Raspberry
· Strawberry
· Apricot
· Others
By Ingredients
- Fruits
- Pectin
- Acids
- Essence
- Sugar
- Food Additives
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Others
Reasons to Purchase this Market Report:
- The competitive environment includes the proportions of important players, recent innovations, and strategy.
- Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
- Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
- The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
- Data at the regional, sub-regional, and national levels also provides information on the market’s supply and demand dynamics.
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