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Global Chocolate Spread Market: By Source: Organic, Conventional; By Type: Dark Chocolate, Milk Chocolate, White Chocolate, Others; By Packaging Type: Bottles, Pouches, Cups, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Chocolate Spread Market Outlook
The global chocolate spread market is expected to grow at a CAGR of nearly 2.3% in the forecast period of 2023-2028.
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Chocolate Spread Industry to Witness a Significant Growth in the Asia Pacific Market
The global chocolate spread industry is majorly being driven by the Asia Pacific region, owing to the rising consumption of the product. Within the region, Australia is a leading consumer region due to the rising consumption among the consumers in bakery products, waffles, pancakes, and bread, among others. The rising consumption of chocolate spread is also due to the increased adoption of western food culture in Asian countries like India and China, among others. The demand for the product is being triggered by the rising urbanisation, changing lifestyles, as well as the rising disposable incomes of the consumers in the region. The market is witnessing significant growth as the competition among the key players is getting intense with the introduction of a series of products.
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Chocolate Spread: Market Segmentation
Chocolate spread is a soft chocolate-flavoured paste that is often consumed in waffles, muffins, pancakes, and pitas. Although it tastes, smells, and even looks like chocolate, even at room temperature, it is not solidified.
By source, the chocolate spread industry can be divided into organic and conventional. On the basis of type, the industry can be segmented as follows:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
- Others
The packaging type can be categorised into the following:
- Bottles
- Pouches
- Cups
- Others
The distribution channels for the product includes the following:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Stores
- Online
- Others
The regional markets for chocolate spread can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Changing Lifestyles Bolstering the Market Growth for Chocolate Spread
The global chocolate spread industry growth is gaining traction due to the changing lifestyles of the consumers, which is leading to changing eating habits like a preference for ready-to-go convenient food products. Chocolate spread has wide applications as it can be consumed with bread, toast, waffles, pancakes, and cookies, among others. The rising urbanisation and the adoption of western culture have led to an increased consumption of the product. The rising innovations in food products are boosting the demand for chocolate spread. The rising innovations of dishes at cafes and restaurants, among other eateries, are also propelling the market growth. The availability of various types of chocolate spread in the market is also boosting the industry growth.
Key Industry Players in the Global Chocolate Spread Market
The report gives a detailed analysis of the following key players in the global chocolate spread market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ferrero International S.A.
- The Hershey Company
- Nestlé SA
- Mondelez International, Inc.
- NUTKAO S.r.l.
- Dr. Oetker India Pvt. Ltd.
- Nutiva Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Type, Packaging Type, Distribution Channel, Region |
| Breakup by Source | Organic, Conventional |
| Breakup by Type | Dark Chocolate, Milk Chocolate, White Chocolate, Others |
| Breakup by Packaging Type | Bottles, Pouches, Cups, Others |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Convenience Stores, Specialist Stores, Online, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ferrero International S.A., The Hershey Company, Nestlé SA, Mondelez International, Inc., NUTKAO S.r.l. , Dr. Oetker India Pvt. Ltd., Nutiva Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Chocolate Spread Market Analysis
8.1 Key Industry Highlights
8.2 Global Chocolate Spread Historical Market (2018-2022)
8.3 Global Chocolate Spread Market Forecast (2023-2028)
8.4 Global Chocolate Spread Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Chocolate Spread Market by Type
8.5.1 Dark Chocolate
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Milk Chocolate
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 White Chocolate
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Chocolate Spread Market by Packaging Type
8.6.1 Bottles
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Pouches
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Cups
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Chocolate Spread Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Convenience Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Specialist Stores
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Chocolate Spread Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Ferrero International S.A.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Hershey Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Nestlé SA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Mondelez International, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 NUTKAO S.r.l.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Dr. Oetker India Pvt. Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Nutiva Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Chocolate Spread Market: Key Industry Highlights, 2018 and 2028
2. Global Chocolate Spread Historical Market: Breakup by Source (USD Billion), 2018-2022
3. Global Chocolate Spread Market Forecast: Breakup by Source (USD Billion), 2023-2028
4. Global Chocolate Spread Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Chocolate Spread Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Chocolate Spread Historical Market: Breakup by Packaging Type (USD Billion), 2018-2022
7. Global Chocolate Spread Market Forecast: Breakup by Packaging Type (USD Billion), 2023-2028
8. Global Chocolate Spread Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
9. Global Chocolate Spread Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
10. Global Chocolate Spread Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Chocolate Spread Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Chocolate Spread Market Structure
Key Questions Answered in the Report
The global chocolate spread market is projected to grow at a CAGR of 2.3% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, changing lifestyles of the consumers, the growing preference for ready-to-go and convenient food products, rapid urbanisation, and the growing adoption of western culture, are expected to aid the market growth.
The key trends guiding the growth of the market include growing innovations in food products and the introduction of various types of chocolate spread.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of chocolate spread in the market are organic and conventional.
The major types of chocolate spread in the industry are bottles, pouches, and cups, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialist stores, and online, among others.
The major players in the industry are Ferrero International S.A., The Hershey Company, Nestlé SA, Mondelez International, Inc., NUTKAO S.r.l., Dr. Oetker India Pvt. Ltd., and Nutiva Inc., among others.
Analyst Review
The global chocolate spread market is being driven by rising demand from the bakery segment. Aided by the product diversification, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the market is segmented into organic and conventional. By type, the market is divided into dark chocolate, milk chocolate, and white chocolate, among others. The major packaging types in the market are bottles, pouches, and cups, among others. Based on distribution channel, the industry is divided into supermarkets and hypermarkets, convenience stores, specialist stores, and online, among others. The major regional markets for chocolate spread are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ferrero International S.A., The Hershey Company, Nestlé SA, Mondelez International, Inc., NUTKAO S.r.l., Dr. Oetker India Pvt. Ltd., and Nutiva Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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