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The US syrups & spreads sector is led by the savory spreads category in both value and volume terms in 2018. The category is also forecast to register the fastest growth during 2018-2023 in both value volume terms. Hypermarkets & supermarkets is the leading distribution channel in the country. Glass is the most commonly used pack material, followed by rigid plastics and rigid metal in 2018. The J.M. Smucker Company, ConAgra Brands Inc and Hormel Foods Corporation are the leading players in the US syrups & spreads sector.

GlobalData’s Country Profile report on the Syrups & Spreads sector in the US provides insights on high growth categories to target, trends in the usage of package materials, category level distribution channel data and market share of brands.

Scope

- The US syrups & spreads sector is expected to grow at a CAGR of 7.9% by value during 2018–2023

- Per capita consumption of sweet spreads was higher compared to other syrups & spreads categories in the US

- Hypermarkets & supermarkets is the leading distribution channel in the US syrups & spreads sector

- The J.M. Smucker Company is the leading company in the syrups & spreads sector

- The health & wellness market is led by the sweet spreads category in the US syrups & spreads sector

- Glass is the most commonly used pack material in the US syrups & spreads sector

- Consumption of syrups & spreads is higher among men compared to women in the US

Reasons to buy

- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities

- Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning

- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector

- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rurral-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.

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