Chocolate Based Spreads Market 2017 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2021
Chocolate spread is the second most popular choice for spreads with its sales rising by 27% in the last 4 years. The chocolates spread market is worth more than 320 Million USD. 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, which are providing a stiff competition to the already established ones in the spreads market.
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Nutella remains the most favorite chocolate spread with Hersheys coming in second. Jif Hazelnut also was a popular choice among cosumers. 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 UK , Italy, Germany and France being the major growth regions. The major market players in this industry are Nutella by the Ferrero Group, Hersheys, Unilever and Premier foods.
Key Deliverable of the study:
- Market analysis of The Global Chocolate Based Spreads Market, with region specific assessments and competition analysis on global and regional scales.
• Market definition along with overview of drivers, restraints and opportunities.
• Extensively researched competitive landscape section along with list of key companies and their market shares.
• Identification and analysis of the macro and micro factors that affect The Global Chocolate Based Spreads Market on both global and regional scales.
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Key points in table of content
- Research Methodology
1.1 Methodology
1.2 Definition of the Market
- Executive Summary
- Market Dynamics
3.1 Dynamics
3.2 Restraints
3.3 Opportunities
- Market Segmentation
- Regional Market Analysis
- Market Share Analysis
- Major Players
- Appendix
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Posted by
Vivian Dsena
on Friday March 03 2017, 1:47 AM EST.
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