PUBLISHER: IMARC | PRODUCT CODE: 1753932
PUBLISHER: IMARC | PRODUCT CODE: 1753932
India Spreads Market Report by Product Type, Distribution Channel, Income Group (Upper-Middle, High-Income, Lower-Middle, Low-Income ), and Region 2025-2033
The India spreads market size reached USD 361.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,698.3 Million by 2033, exhibiting a growth rate (CAGR) of 17.83% during 2025-2033. The burgeoning FMCG industry, increasing demand of ready-to-eat (RTE) products with several flavors, and the wide availability of spread represent some of the key factors driving the market.
Spreads are applied on various food products, such as bread, waffles, pancakes, and crackers. They are prepared with several ingredients, such as milk, nuts, fruits, butter, cocoa, extracts, herbs, and spices. They are widely available as jam, chocolate spread, peanut butter, and syrup. They are consumed in the form of snack dips, dessert glaze, salad dressings, jellies, and cake icings by individuals. They are convenient, cost-effective, easily available, consumed as a substitute for various food products, and assist in maintaining a healthy lifestyle. They are a rich source of protein, fiber, minerals, and vitamins and can promote a feeling of fullness while resulting in fat loss. They also aid in reducing heart diseases, maintaining strong bones, preventing gallstones, and lowering bad cholesterol. As they are utilized to enhance the flavor, texture, and palatability of various food products, the demand for spreads is increasing in India.
India Spreads Market Trends:
At present, the rising demand for spreads due to busy lifestyles and hectic working schedules of individuals represents one of the key factors supporting the growth of the market in India. Besides this, the growing trend of western food products, along with the burgeoning fast-moving consumer goods (FMCG) industry, is offering a positive market outlook in the country. Additionally, there is a rise in the need for convenient, ready-to-eat (RTE), cost-effective, and processed food products among the masses. This, coupled with the increasing utilization of spreads due to enhanced shelf life and to improve the flavor of food, is propelling the growth of the market in India. Apart from this, the escalating demand for numerous flavors in spreads, such as chilly chutney, honey mustard, chipotle, and spicy avocado, is offering lucrative growth opportunities to industry investors. Moreover, the wide availability of spreads through various distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, is positively influencing the market in the country. In addition, the growing demand for organic and natural products due to the rising health consciousness among the masses is positively influencing the market. This, coupled with the increasing number of fast-food chains and quick-service restaurants (QSRs), is offering a favorable market outlook. Furthermore, key players are introducing sugar-free syrups with increased health benefits, which is strengthening the market growth in India.
Key Market Segmentation:
Product Type Insights:
- Jam
- Chocolate Spreads
- Peanut Butter
- Syrup
- Others
Distribution Channel Insights:
- Convenience Stores
- Supermarkets and Hypermarkets
- Online Stores
- Others
Income Group Insights:
- Upper-Middle (INR 5.5 lacs - 27.5 lacs)
- High-Income (Greater than INR 27.5 lacs)
- Lower-Middle (INR 2.5 lacs - INR 5.5 lacs)
- Low-Income (Less than INR 2.5 Lacs)
Regional Insights:
- North India
- South India
- West and Central India
- East India
- The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, West and Central India, and East India. According to the report, North India was the largest market for India spreads. Some of the factors driving the North India spreads market included the rising awareness about benefits of consuming spreads, wide availability of various spreads, introduction of different flavors, etc.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the India spreads market. Detailed profiles of all major companies have been provided. Some of the companies covered include Agro Tech Foods Ltd, Dr. Oetker India Pvt. Ltd. (Dr. August Oetker), Ferrero India Pvt. Ltd., G.D. Foods Manufacturing India Pvt. Ltd., Hershey India Pvt. Ltd. (The Hershey Company), Hindustan Unilever Limited (Unilever), Mapro Garden LLP. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.What was the size of the India spreads market in 2024?
- 2.What is the expected growth rate of the India spreads market during 2025-2033?
- 3.What has been the impact of COVID-19 on the India spreads market?
- 4.What are the key factors driving the India spreads market?
- 5.What is the breakup of the India spreads market based on the product type?
- 6.What is the breakup of the India spreads market based on the distribution channel?
- 7.What is the breakup of the India spreads market based on the income group?
- 8.What are the key regions in the India spreads market?
- 9.Who are the key players/companies in the India spreads market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Spreads Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Jam
- 6.1.1 Market Trends
- 6.1.2 Market Breakup by Premiumization
- 6.1.3 Market Breakup by Key Players
- 6.1.4 Market Forecast
- 6.2 Chocolate Spreads
- 6.2.1 Market Trends
- 6.2.2 Market Breakup by Premiumization
- 6.2.3 Market Breakup by Key Players
- 6.2.4 Market Forecast
- 6.3 Peanut Butter
- 6.3.1 Market Trends
- 6.3.2 Market Breakup by Premiumization
- 6.3.3 Market Breakup by Key Players
- 6.3.4 Market Forecast
- 6.4 Syrup
- 6.4.1 Market Trends
- 6.4.2 Market Breakup by Premiumization
- 6.4.3 Market Breakup by Key Players
- 6.4.4 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Distribution Channel
- 7.1 Convenience Stores
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Supermarkets and Hypermarkets
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Online Stores
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Income Group
- 8.1 Upper-Middle (INR 5.5 lacs - 27.5 lacs)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 High-Income (Greater than INR 27.5 lacs)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Lower-Middle (INR 2.5 lacs - INR 5.5 lacs)
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Low-Income (Less than INR 2.5 Lacs)
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North India
- 9.1.1 Market Trends
- 9.1.2 Market Breakup by States
- 9.1.3 Market Forecast
- 9.2 West and Central India
- 9.2.1 Market Trends
- 9.2.2 Market Breakup by States
- 9.2.3 Market Forecast
- 9.3 South India
- 9.3.1 Market Trends
- 9.3.2 Market Breakup by States
- 9.3.3 Market Forecast
- 9.4 East India
- 9.4.1 Market Trends
- 9.4.2 Market Breakup by States
- 9.4.3 Market Forecast
10 SWOT Analysis
- 10.1 Strengths
- 10.2 Weaknesses
- 10.3 Opportunities
- 10.4 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.1 Key Players
- 14.1 Profile of Key Players
- 14.3.1 Agro Tech Foods Ltd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Dr. Oetker India Pvt. Ltd. (Dr. August Oetker)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ferrero India Pvt. Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 G.D. Foods Manufacturing India Pvt. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Hershey India Pvt. Ltd. (The Hershey Company)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Hindustan Unilever Limited (Unilever)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Mapro Garden LLP
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.1 Agro Tech Foods Ltd
List of Figures
- Figure 1: India: Spreads Market: Major Drivers and Challenges
- Figure 2: India: Spreads Market: Sales Value (in Million USD), 2019-2024
- Figure 3: India: Spreads Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: India: Spreads (Jam) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 5: India: Spreads (Jam) Market: Breakup by Premiumization (in %), 2024
- Figure 6: India: Spreads (Jam) Market: Breakup by Key Players (in %), 2024
- Figure 7: India: Spreads (Jam) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 8: India: Spreads (Chocolate Spreads) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: India: Spreads (Chocolate Spreads) Market:Breakup by Premiumization (in %), 2024
- Figure 10: India: Spreads (Chocolate Spreads) Market: Breakup by Key Players (in %), 2024
- Figure 11: India: Spreads (Chocolate Spreads) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: India: spreads (Peanut Butter) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: India: Spreads (Peanut Butter) Market: Breakup by Premiumization (in %), 2024
- Figure 14: India: Spreads (Peanut Butter) Market: Breakup by Key Players (in %), 2024
- Figure 15: India: Spreads (Peanut Butter) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: India: Spreads (Syrup) Market: Sales Value (in Million USD), 2019-2024
- Figure 17: India: Spreads (Syrup) Market: Breakup by Premiumization (in %), 2024
- Figure 18: India: Spreads (Syrup) Market: Breakup by Key Players (in %), 2024
- Figure 19: India: Spreads (Syrup) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: India: Spreads (Other Product Types) Market: Sales Value (in Million USD), 2019-2024
- Figure 21: India: Spreads (Other Product Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: India: Spreads (Convenience Store) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: India: Spreads (Convenience Store) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: India: Spreads (Supermarkets and Hypermarkets) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: India: Spreads (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: India: Spreads (Online Stores) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: India: Spreads (Online Stores) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: India: Spreads (Other Distribution Channels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: India: Spreads (Other Distribution Channels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: India: Spreads (Upper-Middle (INR 5.5 lacs - 27.5 lacs)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: India: Spreads (Upper-Middle (INR 5.5 lacs - 27.5 lacs)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: India: Spreads (High-Income (Greater than INR 27.5 lacs)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: India: Spreads (High-Income (Greater than INR 27.5 lacs)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: India: Spreads (Lower-Middle (INR 2.5 lacs - INR 5.5 lacs)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: India: Spreads (Lower-Middle (INR 2.5 lacs - INR 5.5 lacs)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: India: Spreads (Low-Income (Less than INR 2.5 Lacs)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: India: Spreads (Low-Income (Less than INR 2.5 Lacs)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: North India: Spreads Market: Sales Value (in Million USD), 2019-2024
- Figure 39: North India: Spreads Market: Breakup by States (in %), 2024
- Figure 40: North India: Spreads Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: West and Central India: Spreads Market: Sales Value (in Million USD), 2019-2024
- Figure 42: West and Central India: Spreads Market: Breakup by States (in %), 2024
- Figure 43: West and Central India: Spreads Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South India: Spreads Market: Sales Value (in Million USD), 2019-2024
- Figure 45: South India: Spreads Market: Breakup by States (in %), 2024
- Figure 46: South India: Spreads Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: East India: Spreads Market: Sales Value (in Million USD), 2019-2024
- Figure 48: East India: Spreads Market: Breakup by States (in %), 2024
- Figure 49: East India: Spreads Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: India: Spreads Industry: SWOT Analysis
- Figure 51: India: Spreads Industry: Value Chain Analysis
- Figure 52: India: Spreads Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: India: Spreads Market: Key Industry Highlights, 2024 and 2033
- Table 2: India: Spreads Market: Breakup by Product Type (in Million USD), 2019 & 2024
- Table 3: India: Spreads Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 4: India: Spreads Market: Breakup by Distribution Channel (in Million USD), 2019 & 2024
- Table 5: India: Spreads Market Forecast: Breakup by Distribution Channel (in Million USD), 2025-2033
- Table 6: India: Spreads Market: Breakup by Income Group (in Million USD), 2019 & 2024
- Table 7: India: Spreads Market Forecast: Breakup by Income Group (in Million USD), 2025-2033
- Table 8: India: Spreads Market: Breakup by Region (in Million USD), 2019 & 2024
- Table 9: India: Spreads Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 10: India: Spreads Market: Key Price Indicators
- Table 11: India: Spreads Market: Structure
- Table 12: India: Spreads Market: Key Players
