Chocolate Hazelnut Spread Market: Low-calorie & Gluten-free Products Increase Demand from Health-conscious People

The global chocolate hazelnut spread market is envisaged to gain traction against the markets for marmalade and jam due to the factor of higher palatability. Chocolate hazelnut is a popular breakfast spread in developed countries. A report by Transparency Market Research (TMR) includes a study on some of the most applicable growth factors of the market. It bears the title “Chocolate Hazelnut Spread Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.” There could be a considerable rise in the sales growth of chocolate hazelnut spread in the coming years, as predicted by TMR analysts.

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In developed countries, the demand for chocolate hazelnut spread is expected to increase, especially from health-conscious people, owing to the launch of reduced fat, gluten-free, and low-calorie varieties. Continuous product innovation could be a leading factor helping new companies to give a tough competition to established players operating in the market. Chocolate hazelnut spread could be used to add to any type of dessert, prepare instant hot chocolate, spread over croissants, and as an ice cream topping.

In terms of distribution channel, the world chocolate hazelnut spread market could be classified into indirect and direct sales, where the former is expected to be further segregated into online retailers, convenience stores, hypermarket/supermarket, and specialty stores. By type of packaging, there could be segments such as cups, pouches, and bottles. By source, the market could be divided into conventional and organic. With respect to geography, North America is foreseen to lead the market due to high consumer preference, improved shelf visibility in retail chains, and growing consumer awareness.

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Rising per capita spending on ready-to-eat foods, swelling urban population, and high preference for chocolate hazelnut spread because of its delectable taste could help Asia Pacific to gain growth in the near future. Some of the leading players of the global market are Dr. Oetker India Pvt. Ltd., Rigoni di Asiago, and Barefoot & Chocolate.