(Food-Beverage-News.Com, May 08, 2018 ) The Global Chocolate Based Spreads Market was worth USD xx billion in 2017 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2022. Chocolate spread is a sweet chocolate-flavoured paste which is eaten mostly spread on toasts and breads or similar grain products such as waffles, muffins, pancakes, and pitas.
Although chocolate spreads taste, smell, and look like chocolate, they do not solidify, even at room temperature. The paste typically contains cocoa and palm or vegetable oil, and is also likely to contain sugar, milk and additional flavours. At times, it also includes nuts such as ground hazelnuts or honey. Chocolate spread is normally sold in plastic tubs or glass jars.
The key driving factors of global Chocolate Based Spreads market are shifting consumer taste preferences and growing spending on chocolate and other confectionary products. Growing urbanization, widespread availability of chocolate and growing awareness about the various health benefits which can be obtained from the consumption of chocolate and derived products will remain another key factor fuelling the market for chocolate based spreads globally. The chief constraint of the market is uncertain economy of the cocoa supply which is likely to raise chocolate prices.
The global Chocolate Based Spreads market is segmented based on type into milk chocolate, dark chocolate, and white chocolate. Milk chocolate is expected to have the largest share in the segment. By frequency of sale, the market is categorised into premium chocolate, daily chocolate, and seasonal chocolate. Daily chocolate leads the market in this segment. By distribution channel, the market is divided into supermarkets and hypermarkets, grocery stores, speciality stores and online retail. The Global Chocolate Based Spreads market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Chocolate Based Spreads in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, which can be attributed to rising economies in developing parts of the region such as China and India.
Chocolate Based Spreads Market Segmentation: Type • Milk Chocolate • Dark Chocolate • White Chocolate • Y-o-Y Growth Analysis, By Type • Market Attractiveness Analysis, By Type • Market Share Analysis, By Type
Frequency of Sale • Premium Chocolate • Daily Chocolate • Seasonal Chocolate • Y-o-Y Growth Analysis, By Frequency of Sale • Market Attractiveness Analysis, By Frequency of Sale • Market Share Analysis, By Frequency of Sale
Distribution Channel • Supermarkets and Hypermarkets • Grocery Stores • Speciality Stores • Online Retail • Y-o-Y Growth Analysis, By Distribution Channel • Market Attractiveness Analysis, By Distribution Channel • Market Share Analysis, By Distribution Channel
Scope of the report The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated. The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info: Name: Mr. Abhishek Shukla Email: abhishek@marketdataforecast.com Organization: MarketDataForecast™ Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India. Phone: +1-888-702-9626
