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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 Dynamics

Pates Market Drivers

Growing Demand for Convenience Foods

  • 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.

Increasing Awareness about Health and Nutrition

  • Consumers are becoming more health-conscious and are looking for healthy food options. Pates made from healthy ingredients such as vegetables, legumes, and nuts are gaining popularity as they are perceived as a healthier alternative to meat-based pates.

Pates Market Restraints

Health Concerns related to meat-based pates

  • Some pates, especially meat-based pates, are high in fat and sodium, which may lead to health concerns such as high blood pressure and cholesterol levels. This may limit the consumption of pates.

Short Shelf Life of Pates

  • Pates have a relatively short shelf life, which may limit their availability and distribution. This may also lead to food waste and increased costs for manufacturers.
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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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