Jam, Jelly, And Preserves Market - Forecast(2023 - 2028)

Jam, Jelly, And Preserves Market Overview

Jam, Jelly, And Preserves Market size is estimated at $1.5 billion in 2020, projected to grow at a CAGR of 3.7% during the forecast period 2021-2026. Fruits are combined with pectin and sugar to make jams, jellies, and preserves. On sliced white or brown bread, they're widely used as breakfast spreads. Crushed fruit bits and fruit purée or fruit juice are combined in jams. Preserves include larger fruit chunks or complete pieces. The completed jelly foods, such as sweet spreads, are clear or translucent and produced completely of fruit liquids. Citrus is used in marmalade and preserves as it includes the rinds as well as the inner fruit and pulp. The increased popularity of jams, jellies, and preserves as a snack packed for school-aged children is expected to drive Market. Rising innovation is increasing market demand for jam and jelly spreads, as well as satisfying shifting customer tastes. Some instances include youngberries and Blenheim apricot jams & jellies. Infusionz honey and Manuka honey have recently been introduced to the market in a variety of fruit-based jams and jellies, would drive up Jam, Jelly, And Preserves industry demand.

Report Coverage

The report: “Jam, Jelly, And Preserves Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Jam, Jelly, And Preserves Market.

Key Takeaways

• Jam, Jelly, And Preserves Market growth is being driven by consumers desire to eat jellies as their favourite dessert, which is met by manufacturers through a variety of products such as different shaped jellies in the form of candies and jelly powder, sweet spreads which reduces the time and effort required to make jellies at home, and jellies tailored to the preferences of consumers.
• Geographically, North America Jam, Jelly, And Preserves Market held the largest revenue share of 43% in 2020 owing to the growing product consumption. The scope of the Jam, Jelly, And Preserves Market for various regions will be provided in the final report.
• The Jam, Jelly, And Preserves Industry is expanding owing to adoption of a new lifestyle and the high disposable income of middle-class households, consumers' preferences have moved dramatically towards these products.
• Increasing cases of emergency food quality test failures and rising health problems in younger population hampers the Jam, Jelly, And Preserves industry.

 Jam, Jelly, And Preserves Market: Market Share (%) by Region, 2020

Jam, Jelly, And Preserves Market Segment Analysis – By Ingredient Type:

Based on Ingredient Type, Pectin Segment accounted for the largest revenue market share in 2020. Pectins are natural compounds found in fruits that, when combined with acid and sugar, form a gel. Pectin is found in all fruits. Pectin from apples, crabapples, and gooseberries is usually enough to make a gel. Other fruits, such as strawberries and blueberries, have a low pectin content and must be coupled with pectin-rich fruits or commercial pectin products to produce gels. Adding pectin to jelly or jam reduces the amount of time it takes to cook and increases the yield. Additionally, these goods offer more natural fruit flavours in Sweet spreads. Furthermore, adding pectin to hot jellies and jams eliminates the need to test for adequate gelling. Furthermore, during the forecast period, the rising income level of the target customers would have a positive effect on product demand thereby, driving the Jam, Jelly, And Preserves Industry. Fruit and Fruit Juice segment is anticipated to grow with the fastest CAGR of 4.3% in the forecast period 2021-2026. Fruit imparts a distinct flavour and color to each spread. It also provides the water needed to dissolve the remaining ingredients, as well as some or all of the pectin and acid. The best jellied items are made from high-quality, delicious fruits. Jellied items can be made from commercially canned or frozen fruit that has been preserved in its own fruit juice driving the segment growth.

Jam, Jelly, And Preserves Market Segment Analysis – By Distribution Channel:

Based on Distribution Channel, E-Commerce accounted for the largest revenue market share in 2020 owing towards ease of availability of a wide selection of products in various flavors and uses as in various flavoring ingredient given by all brands at reasonable discounts. The growing number of smartphone and internet users is the primary driver of sector growth. These businesses give cash back and home delivery services, which contribute to the market's growth. Customers frequently purchase fruit juice processed jam, sweet spreads with various flavors and others from online websites in order to save time due to the increasingly hectic lifestyle. Major corporations, such as Big Basket, are collaborating with internet shops to broaden their customer base. They also create their online portals and websites to promote the growth of the market in order to increase product sales driving the Jam, Jelly, And Preserves Industry. Convenience Stores is anticipated to grow with the fastest CAGR of 4.7% in the forecast period 2021-2026. This is mainly attributed to the rising availability of low to high end prices products which are easily accessible aiding to the Jam, Jelly, And Preserves Industry development.

Jam, Jelly, And Preserves Market Segment Analysis – By Geography:

Based on Geography, North America Jam, Jelly, And Preserves Market accounted for the 43% revenue share in 2020. Jam, jelly, and preserve producers in North America have been observed employing ripe and semi-ripe fruits, fruit juice as well as sugar alternatives such as pectin, to make their goods more colourful and tasty. Forwarding incorporation is being used by manufacturers in this country to increase their involvement in the value chain. A new trend in this sector is expected to be the combination of processes from inbound logistics to after-sales services. This is expected to result in higher-quality and lower-cost finished goods that deliver optimal output and lifetime value. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing to higher product intake which propel the Jam, Jelly, And Preserves Market.

Jam, Jelly, And Preserves Market - Drivers

The Growing Demand for Organic Food Product:

As people seek components that are both nutritious and vegan, natural jams and jelly spreads are becoming increasingly popular around the world. Focusing on the variety of flavors in food spreads is an important component of keeping products fresh on store shelves. Consumer demand for exotic fruit juice types, fruit content in products, and natural/organic claims are all growing in popularity. Traditional flavors are dominating the market, despite the introduction of new jam and jelly products like sweet spreads is expanding the industry development. Also, the rise in demand for convenience meals can be seen more prominently in developing countries, as per capita food expenditure rises in tandem with per capita income is further aiding to the industry expansion.

Jam, Jelly, And Preserves Market - Challenges

High Production Cost:

The Jam, Jelly, And Preserves Market's growth is hampered owing to the high production cost of the key ingredients, product safety standards, government regulation of policy and the use of alternative technology. Growing public awareness of the dangers of certain preservation chemicals is also a key hindrance to the market's expansion.

Jam, Jelly, And Preserves Market Landscape:

The Jam, Jelly, And Preserves Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Jam, Jelly, And Preserves Market top 10 companies are ConAgra Foods Inc, Duerr& Sons, Ferrero Group, Hartley’s, Hershey Company, J.M. Smucker, Kewpie, Kraft Foods, Nestle Ltd and B&G Foods.

Acquisitions/Product Launches:

• In June, 2020, Kerry expands its nutritional food range owing to increasing demand of vegan, organic and allergen-free products. This expansion helps to increase the development in food and beverage sector and thus expanding the market growth.

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