Over the forecast period, retail volume sales of sweet spreads are expected to continue to decline at a moderate rate. As the impact of the COVID-19 pandemic further lessens, consumer spending will likely shift back from retail to foodservice as consumers eat more outside.
Canadian consumers’ demand for functional and added health benefits in sweet spreads, which was rising before the pandemic, has further strengthened amid the global pandemic and consumers’ subsequent urge to look after themselves better. Enhancing immunity, digestive health and overall wellbeing, along with reducing meat consumption, is at the top of the list of consumer priorities.
Over the forecast period, e-commerce and digital approaches for players in sweet spreads will only become more important in Canada. Permanent changes in consumer habits and behaviour, especially among the older demographic, are seeing shopping online become ever more mainstream.
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Understand the latest market trends and future growth opportunities for the Sweet Spreads industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sweet Spreads industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See All of Our DefinitionsThis report originates from Passport, our Sweet Spreads research and analysis database.
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