Global Chocolate Spread Market by Type (Bottles, Pouches, Cups, Others), By Application (Store-Based Retailing, Online Retail) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Chocolate Spread Market size is expected to grow at a CAGR of 5.6% during the forecast period. The demand for chocolate spreads has been increasing in recent years due to the product's ability to be used as a substitute for other food products, such as butter and cream cheese. Chocolate spreads are also being increasingly used in retail stores and online shopping sites, which is positively impacting the demand for this product through 2021-2028.
Chocolate Spread is a chocolate-flavored, sweetened, and flavored liquid that originates from the United Kingdom. The product can be used in filling crepes, pancakes, or waffles; to make sauces for desserts such as cake pop, pudding pops, ice cream sundae cups, and chocolate chip cookies; on toast with peanut butter or Nutella topping.
Chocolate spreads are used to enhance the taste of different food items. They often contain low fat and sugar levels while being rich in flavor. This makes them a popular choice for consumers who want to maintain a healthy lifestyle, but still, have something sweet to eat on occasion.
On the basis of Type, the market is segmented into Bottles, Pouches, Cups, and Others.
Bottle Chocolate Spread:
These are typically made from a base of milk, cream, and cocoa powder. They come in many shapes with caps that twist off to reveal the filling inside. They come in many different sizes and shapes, but the most common shape is round with screw threads on the top that can be unscrewed to allow for dispensing.
Pouches Chocolate Spread:
Pouches consist of two heat-sealed layers - one containing the product and another holding an envelope for mixing hot water before consumption.
Cups Chocolate Spread:
Cups contain both liquid cocoa as well as other ingredients such as sugar or condensed milk which is poured into cups soon after they're taken out from their packaging.
Others Chocolate Spread:
Other forms might also include those that can be spooned onto cold food such as ice cream or waffles, chocolates with nuts mixed in, or chocolate spreads in a jar.
On the basis of Application, the market is segmented into Store-Based Retailing and Online Retail. The online retail segment is likely to grow at a high rate during the forecast period. Chocolate spreads are used as one of the ingredients in store-based retailing. Consumers enjoy and can use it for their own convenience. It is important to know that companies have realized this need, which has led them to produce chocolate spread products in many different forms such as cups, pouches, or bottles.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is growing at a significant rate in the APAC region owing to its increasing industrialization and modernization of lifestyles.
The market in the North American region accounted for 35% revenue share in 2018 owing to various factors such as increasing food trends which include demand for healthy eating options alongside the rising disposable income levels contributing towards minimizing wastage of products are driving the chocolate spreads market. The rise in coffee shops coupled with an increased focus on convenience foods has paved the way for a trend that favors smaller packaged items over full-size ones thereby leading to an increase in consumption of quick breakfast or dessert choices like milkshakes and hot cocoa respectively.
Growth Factors for The Global Chocolate Spread Market:
The increase in demand for healthy products and convenience foods has led to increased consumption of spreads as they are perceived as healthier than butter or other fat sources such as palm oil. Additionally, the increasing disposable income levels among consumers coupled with growing awareness about low-calorie diets have also contributed towards this trend.
The increase in demand for chocolate spreads is also due to the increasing number of people suffering from diabetes and obesity. Chocolate spread provides a healthy alternative as it contains less sugar, fat, sodium, and calories than butter or any other fat source that is used in cooking. In addition, the growing urban population has led to an increased demand for convenience foods which further drives growth in this market. The high demand can be attributed to many factors such as rising health consciousness among consumers coupled with changing lifestyles including more working women who have reduced time on hand for preparing food; lack of skills when it comes to cooking along with fewer family members at home overburdening one person's kitchen work; rise in awareness about low-calorie diets among others.
Up Market Research published a new report titled “Chocolate Spread Market research report which is segmented by Types (Bottles, Pouches, Cups, Others), By Applications (Store-Based Retailing, Online Retail), By Players/Companies Ferrero Rocher, The Hershey, Hormel Foods, The J.M. Smucker, PASCHA, Dr.Oetker India, Young'S, Andros, Date Lady, Flourish”.
Report Scope
Report Attributes | Report Details |
Report Title | Chocolate Spread Market Research Report |
By Type | Bottles, Pouches, Cups, Others |
By Application | Store-Based Retailing, Online Retail |
By Companies | Ferrero Rocher, The Hershey, Hormel Foods, The J.M. Smucker, PASCHA, Dr.Oetker India, Young'S, Andros, Date Lady, Flourish |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 205 |
Number of Tables & Figures | 144 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Chocolate Spread Market Report Segments:
The market is segmented by Type Bottles, Pouches, Cups, Others and By Application Store-Based Retailing, Online Retail.
Some of the companies that are profiled in this report are:
- Ferrero Rocher
- The Hershey
- Hormel Foods
- The J.M. Smucker
- PASCHA
- Dr.Oetker India
- Young'S
- Andros
- Date Lady
- Flourish
Chocolate Spread Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Chocolate Spread Market
Overview of the regional outlook of the Chocolate Spread Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Chocolate Spread Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Chocolate Spread Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Bottles
2. Pouches
3. Cups
4. Others
7. By Application:1. Store-Based Retailing
2. Online Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chocolate Spread Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Chocolate Spread Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chocolate Spread Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chocolate Spread Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chocolate Spread Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chocolate Spread Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chocolate Spread Market Size & Forecast, 2018-2028
4.5.1 Chocolate Spread Market Size and Y-o-Y Growth
4.5.2 Chocolate Spread Market Absolute $ Opportunity
Chapter 5 Global Chocolate Spread Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chocolate Spread Market Size Forecast by Type
5.2.1 Bottles
5.2.2 Pouches
5.2.3 Cups
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chocolate Spread Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chocolate Spread Market Size Forecast by Applications
6.2.1 Store-Based Retailing
6.2.2 Online Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chocolate Spread Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chocolate Spread Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chocolate Spread Analysis and Forecast
9.1 Introduction
9.2 North America Chocolate Spread Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chocolate Spread Market Size Forecast by Type
9.6.1 Bottles
9.6.2 Pouches
9.6.3 Cups
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chocolate Spread Market Size Forecast by Applications
9.10.1 Store-Based Retailing
9.10.2 Online Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chocolate Spread Analysis and Forecast
10.1 Introduction
10.2 Europe Chocolate Spread Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chocolate Spread Market Size Forecast by Type
10.6.1 Bottles
10.6.2 Pouches
10.6.3 Cups
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chocolate Spread Market Size Forecast by Applications
10.10.1 Store-Based Retailing
10.10.2 Online Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chocolate Spread Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chocolate Spread Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chocolate Spread Market Size Forecast by Type
11.6.1 Bottles
11.6.2 Pouches
11.6.3 Cups
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chocolate Spread Market Size Forecast by Applications
11.10.1 Store-Based Retailing
11.10.2 Online Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chocolate Spread Analysis and Forecast
12.1 Introduction
12.2 Latin America Chocolate Spread Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chocolate Spread Market Size Forecast by Type
12.6.1 Bottles
12.6.2 Pouches
12.6.3 Cups
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chocolate Spread Market Size Forecast by Applications
12.10.1 Store-Based Retailing
12.10.2 Online Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chocolate Spread Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chocolate Spread Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chocolate Spread Market Size Forecast by Type
13.6.1 Bottles
13.6.2 Pouches
13.6.3 Cups
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chocolate Spread Market Size Forecast by Applications
13.10.1 Store-Based Retailing
13.10.2 Online Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chocolate Spread Market: Competitive Dashboard
14.2 Global Chocolate Spread Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ferrero Rocher
14.3.2 The Hershey
14.3.3 Hormel Foods
14.3.4 The J.M. Smucker
14.3.5 PASCHA
14.3.6 Dr.Oetker India
14.3.7 Young'S
14.3.8 Andros
14.3.9 Date Lady
14.3.10 Flourish