India Spreads Market to Reach USD 1,698.3 Million by 2033, Impelled by Easy Availability of Diversified Product Variants

February 12, 2025 | Food & Beverages

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According to the latest report by IMARC Group, titled "India Spreads Market Report by Product Type (Jam, Chocolate Spreads, Peanut Butter, Syrup, and Others), Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Online Stores, and Others), Income Group (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)), and Region 2025-2033," the India spreads market reached a value of USD 361.1 Million in 2024. Spreads refer to a food item that is generally applied on bread, waffles, toasts or crackers. It is a popular food product that usually enhances the flavor and texture of the food and is commonly prepared using nuts, spices, herbs, milk, cocoa and fruits. Additionally, they are also used in the preparation of bakery products, ice creams, dips, smoothies and salad dressings. In India, due to the easy product availability through online and offline organized retail channels and the proliferation of quick-service restaurants (QSR) and food joints, they are gaining widespread popularity among the masses.

India Spreads Market Trends:

The market in India is primarily driven by significant growth in the food sector. Coupled with the easy availability of diversified product variants with exotic flavors, it is gaining widespread prominence among consumers. In line with this, numerous leading players are heavily investing in launching sugar-free and healthy alternatives of the product due to the increasing health consciousness among the masses, which is providing a boost to the market growth. Moreover, the shifting lifestyle preferences and changing dietary patterns, along with the inflating disposable income levels of the masses, are creating a positive outlook for the market. Additionally, various innovative marketing strategies, celebrity endorsements and promotional campaigns developed by manufacturers and sellers are also positively influencing the market growth. Other factors, including the widespread integration of advanced technologies with production processes and extensive research and development (R&D) activities conducted by key players to introduce products with prolonged shelf life, are further contributing to the market growth across India. Looking forward, the market value is projected to reach USD 1,698.3 Million by 2033, expanding at a CAGR of 17.83% during 2025-2033.

Market Summary:

On the basis of the product type, the market has been segmented into jam, chocolate spreads, peanut butter, syrup and others.
Based on the distribution channel, the market has been classified into convenience stores, supermarkets and hypermarkets, online stores and others.
On the basis of the income group, the market has been categorized into 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) and low-income (less than INR 2.5 lacs).
Based on the region, the market has been divided into North India, South India, West and Central India and East India.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are 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) and Mapro Garden LLP.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product Type, Distribution Channel, Income Group, Region
Region Covered	North India, South India, West and Central India, East India
Companies Covered	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) and Mapro Garden LLP
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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India Spreads Market to Reach USD 1,698.3 Million by 2033, Impelled by Easy Availability of Diversified Product Variants

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