Global Chocolate Based Spreads Market - Segmented by Geography - Trends and Forecasts (2017 - 2022)

Chocolate spread is the second most popular choice for spreads with its sales rising by 27% in the last four years. The chocolates spread market is worth more than USD 320 million. With increasing economic pressure, people are looking to cook at home and spreads are an extremely viable option. Peanut butter and chocolate spreads are displacing jam and marmalade as the most popular breakfast spreads. Product innovation is the key driving factor for new brands that are providing a stiff competition to the already established ones in the spreads market.  

Nutella remains the most favourite chocolate spread with Hershey’s coming in second. Jif Hazelnut also was a popular choice among consumers. The retail volume sales of chocolate spreads increased by 2% in the US and 1.5 % in the UK. Nutella, which started out as a somewhat niche spread, has grown into a very substantial part of the category. Its growth has also come about without causing significant damage to other spread varieties, as it is typically used on very separate occasions to honey, and can sometimes even be paired with nut and seed-based spreads like peanut butter.  

In Western Europe, the chocolate spreads market witnessed a growth rate of 7.9% with the U.K., Italy, Germany and France being the major growth regions. The major market players in this industry are Nutella by the Ferrero Group, Hershey’s, Unilever and Premier foods.

In this report we offer

• A key insight into the market size, share and forecast for food spreads.
• Analysis of the dominant regions in food spreads including North America, Europe, Asia-Pacific and the rest of the world.
• Analysis of the drivers/inhibitors/opportunity analysis for each of the micro markets.
• Segmentation of the food spreads market by type of spreads- jams, jellies, nut-based, chocolate based, fruit based and honey.

 Why should you buy this report?

• To get a comprehensive overview of the worldwide food spreads market.
• To gain wide ranging information about the major players in this industry and the strategies adopted by them.
• To understand which categories of food spreads are doing well in the market and which are not.
• To gain an insight into the major countries/regions in which this industry is booming and also to identify the regions which are yet untapped.