Spreads Market Size

Spreads Market size was valued at USD 78.6 billion in 2023 and is poised to grow from USD 83.63 billion in 2024 to USD 137.37 billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).

Increasing demand for spreads because of busy lives and stressful working hours of people is one of the main drivers favoring the global spreads market growth.

In addition to this, the increasing popularity of western food items, and the booming fast-moving consumer goods (FMCG) sector, is providing a favorable market scenario globally. Moreover, there is an increase in the demand for ready-to-eat (RTE), affordable, processed, and convenient food products among the masses. This, along with the growing use of spreads because of improved shelf life and to enhance the taste of food, is driving the market growth. People are becoming inclined towards lip-smacking food products present in the global food and beverages market. Flavor inspiration is impacting the food and drinks industry because people are discovering the world by tasting more of it through the richness of their foods. Flavor inspiration is among the significant drivers of spreads market growth.

Spreads are created using a number of ingredients, which contribute to their flavor, texture, and smell. Due to the complete availability of another set of flavors, it is appearing in supermarket shelves and gradually turning into the most sought-after go-to convenience food item. Besides this, the growing demand for various flavors of spreads, including spicy avocado, honey mustard, chipotle, and chilly chutney, is providing profitable growth opportunities to the investors in the industry.

In addition, the high availability of spreads across different sales channels, including convenience and online stores, supermarkets, and hypermarkets, is having a beneficial impact on the market. Furthermore, the increasing need for natural and organic products with the increase in health awareness among the masses is having a positive impact on the market.

Key Market Attributes

Jif's newest creation, the Jif Peanut Butter & Chocolate Flavored Spread, debuted in May 2024. It aims to deliver a decadent, rich flavor with fewer sugars. It is perfect to spread on bread, drizzle on desserts, or blend in meals and snacks due to its smooth and heavy consistency. Jif aims to offer consumers searching for a healthier snack a flavorful but healthy alternative by combining original peanut butter flavor and chocolate. The launch aligns with the growing demand for lower-sugar nut spreads that will satisfy both chocolate lovers and those concerned about their health.

St. Dalfour's newest product, St. Dalfour SuperFruits, an upscale product range with distinctive fruit flavors collected from around the globe, was launched in May 2024. This company is quite popular for its completely natural and preservative-free fruit spreads. Recently, however, it has introduced a new range of healthy superfruits to enrich flavor as well as nutritional value to their products. It keeps the highest tradition of pure and natural ingredients to make new, different, and exciting flavor combinations in these spreads. St. Dalfour's all-natural gourmet spreads are targeting health-aware gourmets who relish indulgent antioxidant spreads on the new SuperFruits line.

One of the significant steps towards gourmet experience enrichment was made in January 2024, when St. Dalfour entered association with world-famous chef Pierre Gagnaire. It is expected that this collaboration would introduce distinctive, chef-designed flavors and foods that blend Gagnaire's culinary expertise with St. Dalfour's fruit spread expertise. By leveraging distinctive ingredient pairings and high-end flavor profiles, the collaboration aims to reimagine gourmet spreads. Through partnering with a Michelin-starred chef, St. Dalfour aims to enhance the image of its luxury brand while giving foodies a new level of sophistication and indulgence in fruit sauces and spreads.