(Entertainment-NewsWire.com, November 30, 2017 ) According to the report Asia Pacific Jams and Preserves Market, published by Market Data Forecast, the market is projected to be worth USD 1.9 billion at a CAGR of 3.7% during the forecast period 2017-2022.
Jams and Preserves Industry are made using fruits which are mixed with sugar and pectin. Pectin is complex carbohydrate which is difficult to digest. It is found in the cell wall of many fruits. Jam contains fruit either in the form of pulp or is crushed.
Asia Pacific Jams and Preserves Market: Drivers & Restraints
Rising urbanization coupled with increased per capita income has lead to an increased demand of jams and preserves. As the demand for ready to eat food products is rising, the market growth is fuelling as well. However, expensive cost of raw materials and stringent government regulations are hampering the market growth.
Jam products segment accounts for a major share of the market revenue. Supermarkets and hypermarkets were the most preferred form of distribution channel.
Asia Pacific region is predicted to grow at the highest CAGR during the forecast period owing to the increasing population coupled with a rise in the disposable incomes. India and China are the major markets.
Asia Pacific 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 Kraft Foods, Unilever Group, ConAgra Foods Inc, B&G Foods Inc, Ferrero Group, Hershey Co. , Nestle, Sioux Honey Association, J.M Smucker, 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 specialities with competitive pricing options.
