Chocolate Industry

The global chocolate spread market size is expected to grow at a CAGR of 2.3% during the forecast period 2022-2027

The Global Chocolate Spread Market SizePrice, Trends, Report and Forecast 2022-2027′ by Expert Market Research provides an in-depth view of the global Chocolate Spread market, assessing the market on the basis of its segments such as sources, types, types of packaging, distribution channels and major regions.

The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.

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Chocolate Spread Market Price, Size, Share, Trends, Industry Report, Key Player, Major Segments & Forecast

Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 2.3%

Changing consumer food preferences, increasing disposable income and growing popularity of convenient foods are some of the driving factors for the chocolate spread market. The growing popularity of clean labeled chocolate spreads with additional nutritional benefits is further fueling the market figures. Chocolate spreads are convenient and can be applied to various food products such as pancakes, cookies, wheat breads, and ice cream among others, which is a driving factor for the chocolate spreads market .

Another major driving factor for the market is the increasing incorporation of chocolate spread into various restaurant and hotel dishes. Chocolate spread can enhance the flavor of desserts and pies, which are extremely popular among the young population.

Additionally, chocolate spreads may provide many health benefits, including improved nerve health, increased red blood cell production, and improved bone density. During the forecast period, the predicted increase in the demand for chocolate spread among the working population as an energy booster is expected to fuel the growth of the chocolate spread market.

Chocolate Spread Industry Definition and Major Segments

Chocolate spread is a paste made up of chocolate that is commonly placed on bread, tortillas, and various baked goods. It is easy to spread and has a mild, delicious flavor that makes food tastier to eat. It is widely used in the food and beverage industry, leading to steady growth in the chocolate spreads market.

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Based on source, the market can be segmented into:

• Conventional

By Type, the market has been split into:

Dark chocolate
Milk chocolate
White chocolate
• Others

On the basis of packaging type, the market has been categorized into:

• Bottles
• Pockets
• Mugs
• Others

The market can be categorized based on distribution channel into:

• Supermarkets and Hypermarkets
• Convenience stores
• Specialty stores
• On line
• Others

On the basis of region, the market can be categorized into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Chocolate Spread Market Trends

Major trends in the global chocolate spread market include the growing sale of premium packaged chocolate spreads, owing to their increasing availability in supermarkets and convenience stores. The availability of chocolate spread in various packaging such as sachets and cups is another key market trend, enabling on-the-go consumption for consumers on the go. Meanwhile, the booming e-commerce industry is further enhancing market dynamics by expanding its product portfolio.

Chocolate spreads are popular with children because of their flavor, and with the improvement in nutritional value, chocolate spreads are also popular with parents. Growing research and development activities of nutraceutical and food manufacturing companies are expected to increase innovations leading to the development of better chocolate.
spread products.

In regional terms, Asia-Pacific holds a decent share of the chocolate spread market, which is driven by population growth in emerging economies such as India and China. The growing availability of specialty and flavored chocolate spreads in Asia-Pacific countries is further supporting the growth of the regional market.

Main market players

Leading companies reviewed in the Chocolate Spread Market Report are:

  • Ferrero International S.A.
  • The Hershey Company
  • Nestlé SA
  • Mondelez International, Inc.
  • NUTKAO Srl
  • Dr Oetker India Pvt. ltd.
  • nutiva inc.
  • Others

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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