The size of the jams and preserves market in North America is expected to grow at a CAGR of 3.35% from 2024 to 2032 and be worth USD 3.98 billion by 2032 from USD 3.06 billion in 2024.
Jams and preserves 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 whereas, preserves come in the form of chunks.
Due to the rising disposable incomes, consumers are ready to spend money on gourmet food, which involves the use of jams and preserves. Jams help in producing a versatile range of food products. The demand for ready-to-eat food products is growing exponentially due to the rapid urbanization across the North American region, which is propelling the growth of the North American 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.
North America is a major market in the global jams and preserves market and accounted for the largest share of the global market in 2023. The North American market is also expected to expand at a prominent CAGR during the forecast period.
Companies that are playing a notable role in the North American jams and preserves market include 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.
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