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Global Pates Market

Pates Market Size, Share, Growth Analysis, By Product(Chicken, Fish, Duck and Others), By Distribution Channel(Hypermarkets & Supermarkets, Convenience Stores, Specialty Food Stores, Online Retailers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2158 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 64 | Figures: 75

Pates Market Regional Insights

Europe had the largest regional pates market, accounting for a proportion of more than 45.0%, due to the high consumption in this region. This region enjoys the foie because it is a traditional French dish that started in Europe. Eating meat spread on a baguette while drinking wine is a usual practice in Europe. Trends show that 68% and 25% of French people, respectively, consume it at least once per month.

Asia Pacific is anticipated to grow at the fastest CAGR of 1.9% during the forecast period. The proliferation of fast-food establishments and eateries, as well as the acceptance of western culture and cuisine, are the primary market-influencing factors in this sector. New pate flavors like vegetable, mushroom, and cheese and herbs are attracting vegetarian consumers, which is expected to push the market.

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Pates Market size was valued at around USD 5.38 Billion in 2022 and is expected to rise from USD 5.62 billion in 2023 to reach a value of USD 8 Billion by 2031, at a CAGR of 4.50% during the forecast period (2024–2031).

The market is dominated by a few major companies, including Tesco, Waitrose & Partners, Braehead Foods Ltd., Pyman Pates, Lovefood, Kinsale Bay Foods, Dan Hull Prepared Foods, and Patchwork Traditional Rods. To keep meat quality and extend shelf life, key competitive strategies include product creation and innovation in preservatives. 'Danone S.A.', 'Nestle S.A.', 'General Mills, Inc.', 'The Kraft Heinz Company', 'Hain Celestial Group, Inc.', 'Hormel Foods Corporation', 'Conagra Brands, Inc.', 'Fleury Michon', 'Bakkavor Group Ltd.', 'The Campbell Soup Company', 'La Belle Chaurienne', 'Groupe SEB', 'The J.M. Smucker Company', 'L'Atelier Patés', 'BRF S.A.', 'The Hershey Company', 'Greencore Group plc', 'Kellogg Company', '2 Sisters Food Group', 'Palacios Alimentación S.A.'

The demand for convenient foods has been increasing, especially in urban areas, due to busy lifestyles and changing dietary habits. Pates are easy to prepare and are a quick and convenient snack or meal option, which is driving the growth of the pates market.

With the rise in veganism and flexitarianism, there is a growing demand for plant-based pates made from ingredients such as lentils, mushrooms, and nuts.

Europe had the largest regional pates market, accounting for a proportion of more than 45.0%, due to the high consumption in this region. This region enjoys the foie because it is a traditional French dish that started in Europe. Eating meat spread on a baguette while drinking wine is a usual practice in Europe. Trends show that 68% and 25% of French people, respectively, consume it at least once per month.

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Global Pates Market

Report ID: SQMIG30I2158

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