Introduction:
Cookie
Butter also called as speculoos butter is a food paste which is made
primarily from speculoos cookies crumbs. Speculoos is a type of
crunchy, shortbread spice biscuits, traditionally baked for
consumption during St Nicholas' day in the Netherlands and Belgium
and during Christmas in Germany. These biscuits are mixed along with
other ingredients including vegetable oil, flour, and sugar along
with added flavor in order to produce a spread with the similar
consistency as peanut butter. Cookie butter spread is a great
alternative to currently available spreads such as peanut butter,
hazelnut butter, chocolate spread and are used for various
applications across the food industry including, bakery, dairy and
ice-cream, spreads and dips and others. The cookie butter spread
market is expected to witness significant growth in value terms over
the forecast period mainly attributed to its growing application as
an alternative to other products in the market due to its low sugar
content.
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Cookie
Butter Spread Market Segmentation
Global
cookie butter spread market is segmented on the basis of application,
flavor, sales channels and region. On the basis of application the
global cookie butter spread market is segment in to industrial,
household and commercial application segments. The industrial segment
is further sub-segmented into, bakery products, dairy and ice-cream,
spreads and dips, desserts and other segments. Cookie butter spread
is widely used as a spread on toast, bagels, pancakes and baffles.
Apart from this cookie butter spread is also used in several cookie
recipes. Increasing application of cookie butter spread in bakery and
desserts application segment is expected to result in significant
revenue generation in the overall market for cookie butter spread
over the forecast period. The commercial segment is sub-segmented
into, hotels, restaurants & cafes (HoReCa) and institutional
foods. By flavor the global cookie butter spread market is segment
into, chocolate, vanilla and others. Kids demand for food products
with unique taste which is creating immense popularity of flavored
cookie butter spreads among consumers especially kids. Furthermore,
cookie butter spreads are also available in the form of creamy and
crunchy texture which can be used for specific needs across several
food applications as per desired by food manufacturers.
On
the basis of sales channel the global cookie spread market is
segmented into, direct and indirect sales channels. Indirect sales
channels are further sub-segmented into hypermarkets/supermarkets,
convenience stores, specialty stores, e-commerce and other retail
formats.
On
the basis of region the global cookie butter spread market is
segmented into, north America, Latin America, Europe, Asia Pacific
and Middle East and Africa. North America and Europe are the largest
markets for cookie butter spread globally attributable to increasing
demand for several food products across the regions. Cookie butter
spread are derived from cookies native to European region which is
contributing towards its overall market share in the region. Also,
popularity of cookie butter spread is also attributed to its
reasonable price and expanded applications across several food
domains.
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Cookie
Butter Spread Market Global Market Trends and Market Drivers:
The
growth of cookie butter spread market across the globe is expected to
depict significant growth in the overall market owing to increasing
demand for convenience food products. Consumers across globe are
demanding for food products without any artificial flavors, which is
pushing manufacturers of food products to offering organic food
products. This is expected to fuel the consumption of cookie butter
spread among consumers across the globe. The global cookie butter
spread market is expected to witness limited growth potential across
regions such as Asia Pacific and MEA due to less awareness regarding
nutritional benefits of cookie butter spread as compared to other
spreads.
Cookie
Butter Spread Market Key Players:
Variety
of Cookie Butter Spread have been introduced by the manufacturers and
some of the global market players manufacturing cookie butter spread
market include; Natural Nectar, Trader Joe's, Lotus Bakeries,
Tumbador Chocolate, American Roland Food Corp., Krüger GmbH &
Co. KG and others.
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