Reports

Global Chocolate Spread Market to Grow at a CAGR of 2.3% During 2021-2026, Aided by the Rising Demand for Bakery Products

Chocolate Spread Market

Global Chocolate Spread Market Size, Share, Growth: By Source: Organic, Conventional; By Type: Dark Chocolate, Milk Chocolate, White Chocolate, Others; By Packaging Type: Bottles, Pouches, Cups, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032

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 2024-2032.

 

Chocolate Spread Market

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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.

 

Chocolate Spread Market by Type

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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:

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.

 

Chocolate Spread Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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    Opportunities and Challenges in the Market
8    Global Chocolate Spread Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Chocolate Spread Historical Market (2018-2023) 
    8.3    Global Chocolate Spread Market Forecast (2024-2032)
    8.4    Global Chocolate Spread Market by Source
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Milk Chocolate
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    White Chocolate
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        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 (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Pouches
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Cups
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        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 (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Specialist Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023)
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    Online
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2023)
            8.7.4.3    Forecast Trend (2024-2032)
        8.7.5    Others   
    8.8    Global Chocolate Spread Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Chocolate Spread Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Chocolate Spread Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Chocolate Spread Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Chocolate Spread Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Chocolate Spread Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    Stevia Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.2    Maple Syrup Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Honey Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Molasses Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Coconut Sugar Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Ferrero International S.A.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    The Hershey Company
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Nestlé SA
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Mondelez International, Inc.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    NUTKAO S.r.l.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Dr. Oetker India Pvt. Ltd.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Nutiva Inc.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.3.8    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Chocolate Spread Market: Key Industry Highlights, 2018 and 2032
2.    Global Chocolate Spread Historical Market: Breakup by Source (USD Billion), 2018-2023
3.    Global Chocolate Spread Market Forecast: Breakup by Source (USD Billion), 2024-2032
4.    Global Chocolate Spread Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Chocolate Spread Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Chocolate Spread Historical Market: Breakup by Packaging Type (USD Billion), 2018-2023
7.    Global Chocolate Spread Market Forecast: Breakup by Packaging Type (USD Billion), 2024-2032
8.    Global Chocolate Spread Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9.    Global Chocolate Spread Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10.    Global Chocolate Spread Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Chocolate Spread Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Chocolate Spread Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Chocolate Spread Market Forecast: Breakup by Country (USD Billion), 2024-2032
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

What is the growth rate of the global chocolate spread market?

The global chocolate spread market is projected to grow at a CAGR of 2.3% between 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global chocolate spread market?

The key trends guiding the growth of the market include growing innovations in food products and the introduction of various types of chocolate spread.

What are the major regional markets of chocolate spread, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading sources of chocolate spread in the market?

The leading sources of chocolate spread in the market are organic and conventional.

What are the major types of chocolate spread in the industry?

The major types of chocolate spread in the industry are bottles, pouches, and cups, among others.

What are the significant distribution channels in the market?

The significant distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialist stores, and online, among others. 

Who are the key industry players, according to the report?

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 2024-2032, 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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