(Entertainment-NewsWire.com, November 08, 2017 ) According to the report Jams and Preserves Market, published by Market Data Forecast, the Global market was worth USD 7.94 billion in 2017 and estimated to be growing at a CAGR of 3.2%, to reach USD 9.30 billion by 2022.
Jams and preserves Industry are both made from fruit mixed with sugar and pectin. Pectin is an indigestible carbohydrate and is found in the cell wall of many fruits. Jam contains the fruit in the form of a pulp or in the crushed form. Preserves however, come in the form of chunks in syrup or a jam.
Due to the rising disposable incomes, consumers are ready to spend on gourmet food which involves the use of jams and preserves. Jams help in producing a versatile range of food products. Due to the rising urbanization, the demand for ready to eat food products has risen causing the growth of the market. However, the high cost of raw materials and various government regulations on processed food and food additives are slowing down the growth of the market. Moreover, there are a lot of products in the market causing competition between various players.
On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America held the largest share of the market followed by Europe. Asia Pacific is expected to register a high CAGR during the forecast period.
Jams and Preserves Market: Key Players
The Jams and Preserves market is highly competitive with a large number of players. Some of the major Companies are J.M Smucker, Kraft Foods, Unilever Group, ConAgra Foods Inc, B&G Foods Inc, Ferrero Group, Hershey Co., Nestle, Sioux Honey Association and National Grape Co-operative Association Inc.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind speciality with competitive pricing options.
