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Chocolate Spreads Market By Packaging Type (Bottles, Pouches, Cups, Others) By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, Specialist Stores, Others) – Growth, Future Prospects and Competitive Analysis, 2016 – 2028

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Published: | Report ID: 2944 | Report Format : PDF

How does quick snacking affect chocolate spread demand?

Chocolate is one of the popular and highly consumed food products on the planet. The chocolate spread is a sweet chocolate-flavoured paste that is typically spread on bread, doughnuts, toast, pancakes, and other grain goods. The spread is typically made with cocoa and palm or vegetable oil, although it may also include butter, milk, sugar, and other ingredients. Chocolate spreads have seen tremendous rise in sales in recent years, becoming the second most popular choice for spreads. Without the chocolate spread, no breakfast is complete. People’s growing health concern has resulted in a considerable demand for low-calorie spreads. Since of its excellent nutritional value and low fat, chocolate spreads and peanut butter are gradually displacing jam and marmalade as the most popular breakfast spreads. Spreads are a significant element of traditional breakfast in the Western world, and the spread market is expected to increase in other regions as well. Individuals are becoming increasingly busy these days as a result of changing lifestyles, with several jobs and various shifts, and many cannot spare the time to prepare their meals.

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In February 2022, the employment-population ratio for men, or the fraction of men who are now employed, was 65.7 %. In February 2022, the ratio for women was 54.4 %. As a result, many consumers prefer healthy snacks that can provide a good diet while also being nutritious for health. For instance, many consumers use chocolate spreads on slices of bread as breakfast to save time, while others carry it with them and consume it as an evening snack. People who consume nutritious snacks can reduce their appetite while also preventing them from overeating at mealtime. As a result, consumers must choose dietary products such as chocolate-based spreads for added nutrients and energy. The global chocolate confectionery market is expected to expand by another 15 billion US dollars between 2020 and 2025, after increasing by roughly 30 billion US dollars between 2019 and 2020.

What is the Market Size of Chocolate Spreads in terms of value?

The global Chocolate Spreads Market is projected to increase at a significant CAGR of 2.50% in the coming years. In 2021, the global Chocolate Spreads market was valued at USD XX billion and is projected to reach at the value of USD XX billion by 2028. The demand for Chocolate Spreads is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD XX billion during the forecast period of 2022 and 2028.

What is the impact of COVID-19 on the chocolate spread market?

The COVID-19 pandemic has had a severe impact on the market for chocolate-based spreads. Because of the closures of several quick-service restaurants, fast-food shops, bakeries, and other businesses, consumers were actively engaged in trying out new food edibles such as cakes, pastries, and chocolate-based desserts. The primary motivation for consumers to do so was boredom and the inaccessibility of desserts outside. Furthermore, many customers used the chocolate spreads in their breakfast because they were convenient to utilise. Because of the closures of retail establishments and other businesses due to government restrictions and regulations, the preference for e-commerce websites was significant throughout the pandemic time.

Interesting Facts about Chocolate Spreads Industry

  • The current increase in consumer preference for healthful convenience foods has boosted demand for chocolate spreads. Consumer preferences are shifting toward portable, convenient, and imaginative ways to eat more fruit, typically paired with expensive, indulgent, and exotic foods, which is driving the expansion of the chocolate spread market.
  • Asia Pacific region had a major share in terms of volume as well as value in the global Chocolate Spreads market in 2021 and is projected to continue its dominance over the forecast period.
  • Rising innovation in chocolate spreads, such as new tastes and the addition of other ingredients, is also drawing consumers’ attention to the items.
  • Key players are concentrating their efforts on product development and product innovation in order to suit the expectations of consumers by providing variation in flavour and product quality in order to sustain premiumization. Some of the large players’ primary strategy is mergers and acquisitions.

Who are the Top 10 players/companies in the Chocolate Spreads market in term of value?

The key players in the global Chocolate Spreads market in terms of value include THE HERSHEY COMPANYPURATOS, ADM, PT Davomas Abadi Tbk, GodivaBarry Callebaut, Mars, Incorporated, Cargill, Incorporated, pladis global, The Kraft Heinz Company, FrieslandCampina, Britannia Industries, Schreiber Foods Inc., Toms International, JBCOCOA Sdn. Bhd., Nestle, Lake Champlain Chocolates, Petra Foods Limited and Palsgaard among others. These key players are concentrating on new product developments as well as technological innovation to enhance their production in Chocolate Spreads to gain competitive market share at a global level. For instance, in 2020, The Hershey Company launched a new flavour of chocolate spread called “Crunchy Cookie.” According to the company, the main strategy behind the launch of its new product is to expand the company’s product portfolio and offer consumers new products. This strategy will also allow the company to meet the changing preferences of consumers. On the other hand, in 2020, Dr. Oetker purchased Kuppies, a startup based in Noida. According to the corporation, the main reason for acquiring the startup was to employ Kuppies’ production unit to develop new items in the food-spread area. Furthermore, by targeting larger consumers through product innovation, the company will be able to grow in terms of revenue.

Who are the Top 10 Countries in the Chocolate Spreads Market?

In the global Chocolate Spreads market, the major countries are US, Canada, Mexico, China, Japan, India, Australia, Germany, France, and Italy. Australia is a prominent consumer region due to rising consumer demand for bakery products, waffles, pancakes, and bread, among other things. Other important reasons leading to the growth of the Australia chocolate spread market include increased health consciousness among the people, increasing sustainable cocoa procurement, and so on. Because the millennial and generation Z populations make for almost 40% of the total population in Australia, the majority of people are health-conscious and watch what they eat. Consumer preferences are shifting toward portable, convenient, and imaginative ways to eat more fruit, typically paired with premium, indulgent, and exotic things, which contributes significantly to the growth of the chocolate spread market. The consumption of chocolate in Australia has grown over the years, hence it drives the growth of chocolate spread market over the forecast period. For instance, According to a 2019 survey, 4.22 million Australians consumed a combination of chocolate bars and blocks over a four-week period. In addition, 0.55 million people stated they ate a combination of chocolate blocks and boxed chocolates.

Which is the Key distribution channel segment in the Chocolate Spreads Market?

The supermarket and hypermarket segment held the most proportion of the chocolate spread market. This is due to the fact that supermarkets and hypermarkets give consumers with a high visibility and appealing choice of spread products. This allows children to find new varieties, interpret labels, and differentiate between products more effectively. Furthermore, supermarket chains are among the most frequently frequented establishments for grocery purchases. As a result, this element is predicted to improve market sales of chocolate spread. However, the online category is expected to grow at a quicker rate during the projection period, owing to increased customer convenience and increased consumer reach due to brand websites.

What are the Major Driving Factors for Chocolate Spreads Market?

The recent rise in consumer appeal of healthy convenience food options has fueled demand for chocolate spreads. Consumers’ preferences are evolving toward portable, handy, and innovative methods to eat more fruit, often with premium, decadent, and exotic items, which contributes significantly to the growth of the chocolate spread market. Furthermore, today’s consumers expect increased flavor experiences with high-quality, sustainable diets that provide perceived health benefits. As a result, there has been a considerable movement from unhealthy to healthy food products. As a result, the demand for chocolate spreads, particularly those based on nuts and seeds, has increased.

What are the Major Restraints for Chocolate Spreads Market?

The volatility of raw material costs and the unpredictability of the supply chain are expected to impede the growth of the worldwide chocolate-based spreads market. Additionally, dropping sales of baked goods such as bread, toast, and so on, as well as the growing popularity of cereals, will be significant constraints to the worldwide Chocolate Spreads market’s growth. One of the major challenges for Chocolate Spreads is the increased volatility of raw material costs such as cocoa and sugar. The use of preservatives and artificial sweeteners in chocolate spreads has the potential to stifle the expansion of the chocolate spread business. This is because people are becoming more health concerned and knowledgeable about the components in their food products.

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Which Region Dominated the World Chocolate Spreads Market?

In 2021, The Asia Pacific region is driving the global chocolate spread industry, owing to increased product consumption. Australia is a prominent consumer region within the region due to rising consumer consumption of bakery products, waffles, pancakes, and bread, among others. The greater acceptance of western eating culture in Asian countries such as India and China, among others, is also contributing to the rise in chocolate spread consumption. Increased urbanisation, changing lifestyles, and rising disposable incomes of customers in the region are driving demand for the product. The market is expanding rapidly as rivalry among key companies heats up with the release of a slew of new goods. The market is expanding due to an increase in the consumption of Chocolate-Based Spreads. Consumers are becoming more aware of the health benefits of dark chocolate, which is contributing to the expansion of the global chocolate spreads market in this area. consumers’ disposable income and purchasing power improve, resulting in the purchase of these things for themselves as well as the consumption of new products. For instance, in 2020, Hershey India Private Ltd, the Indian affiliate of the American confectionery company well known for its syrups and spreads, has announced the debut of chocolate bars under the Hershey’s name. Hershey’s Bars are now offered in three flavours: Classic Creamy Milk, Whole Almonds Variant, and Cookies ‘n’ Crème. The 40 g pack costs INR 55 and INR 60, while the 100 g pack costs INR 130 and INR 140. With this, the firm also nationalised Hershey’s Kisses.

North America is expected to have the highest growth rate over the forecast period due to its changing lifestyles of customers, which is leading to changes in eating habits such as a preference for ready-to-go convenient food products, it is gaining traction. Chocolate spread can be used over a variety of foods, including bread, toast, waffles, pancakes, and cookies. Consumption of the product has increased as a result of expanding urbanisation and the adoption of western culture. Chocolate spread is becoming more popular as food products get more innovative. For instance, Ferrero announced a financial transaction for USD 2.8 billion to acquire Nestlé American brands like as Butterfinger and Baby Ruth. After Mars and Hershey, the deal will make the private family firm the world’s third-largest confectionery vendor.

Segmentation of Global Chocolate Spreads Market-

Global Chocolate Spreads Market – By Packaging Type

  • Bottles
  • Pouches
  • Cups
  • Others

Global Chocolate Spreads Market – Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Specialist Stores
  • Others

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Chocolate Spreads Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Chocolate Spreads Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Distribution Channel
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Chocolate Spreads Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Bottles
6.2.3. Pouches
6.2.4. Cups
6.2.5. Others
6.3. North America Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Supermarkets/Hypermarkets
6.3.3. Convenience Stores
6.3.4. Online Stores
6.3.5. Specialist Stores
6.3.6. Other

7. Europe
7.1. Europe Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Bottles
7.2.3. Pouches
7.2.4. Cups
7.2.5. Others
7.3. Europe Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Supermarkets/Hypermarkets
7.3.3. Convenience Stores
7.3.4. Online Stores
7.3.5. Specialist Stores
7.3.6. Other

8. Asia Pacific
8.1. Asia Pacific Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Bottles
8.2.3. Pouches
8.2.4. Cups
8.2.5. Others
8.3. Asia Pacific Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Supermarkets/Hypermarkets
8.3.3. Convenience Stores
8.3.4. Online Stores
8.3.5. Specialist Stores
8.3.6. Other

9. Latin America
9.1. Latin America Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Bottles
9.2.3. Pouches
9.2.4. Cups
9.2.5. Others
9.3. Latin America Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Supermarkets/Hypermarkets
9.3.3. Convenience Stores
9.3.4. Online Stores
9.3.5. Specialist Stores
9.3.6. Other

10. Middle East
10.1. Middle East Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Bottles
10.2.3. Pouches
10.2.4. Cups
10.2.5. Others
10.3. Middle East Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Supermarkets/Hypermarkets
10.3.3. Convenience Stores
10.3.4. Online Stores
10.3.5. Specialist Stores
10.3.6. Other
11. Africa
11.1. Africa Chocolate Spreads Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Bottles
11.2.3. Pouches
11.2.4. Cups
11.2.5. Others
11.3. Africa Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Supermarkets/Hypermarkets
11.3.3. Convenience Stores
11.3.4. Online Stores
11.3.5. Specialist Stores
11.3.6. Other

12. Global
12.1. Global Chocolate Spreads Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Bottles
12.1.3. Pouches
12.1.4. Cups
12.1.5. Others
12.2. Global Chocolate Spreads Market, by Distribution Channel, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Supermarkets/Hypermarkets
12.2.3. Convenience Stores
12.2.4. Online Stores
12.2.5. Specialist Stores
12.2.6. Other

13. Company Profiles
13.1. THE HERSHEY COMPANY
13.2. PURATOS
13.3. Nestle
13.4. ADM
13.5. PT Davomas Abadi Tbk
13.6. Godiva
13.7. Barry Callebaut
13.8. Mars Inc.
13.9. Cargill Inc.
13.10. The Kraft Heinz Company
13.11. Pladis Global
13.12. FrieslandCampina
13.13. Britannia Industries
13.14. Schreiber Foods Inc.
13.15. Toms International
13.16. JBCOCOA Sdn. Bhd.
13.17. Lake Champlain Chocolates
13.18. Petra Foods Limited
13.19. Palsgaard
13.20. Others

List of Figures

FIG. 1 Global Chocolate Spreads Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Chocolate Spreads Market Segmentation
FIG. 4 Global Chocolate Spreads Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Chocolate Spreads Market, by Distribution Channel, 2021 (US$ Bn)
FIG. 6 Global Chocolate Spreads Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Chocolate Spreads Market Manufacturers, 2019
FIG. 9 Global Chocolate Spreads Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 10 Global Chocolate Spreads Market, by Pouches, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Chocolate Spreads Market, by Supplements, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Chocolate Spreads Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Chocolate Spreads Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 14 Global Chocolate Spreads Market, by Supermarkets/Hypermarkets, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Chocolate Spreads Market, by Convenience Stores, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Chocolate Spreads Market, by Online Stores, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Chocolate Spreads Market, by Specialist Stores, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Chocolate Spreads Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 19 U.S. Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 20 Rest of North America Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 21 U.K. Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 22 Germany Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 23 France Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 24 Italy Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 25 Spain Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 26 Russia Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 27 BENELUX Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 28 Poland Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 29 Austria Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 30 Rest of Europe Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 31 Japan Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 32 China Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 33 India Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 34 South Korea Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 35 Australia Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 36 Southeast Asia Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 37 Rest of Asia Pacific Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 38 Middle East & Africa Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 39 South Africa Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 40 Nigeria Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 41 Egypt Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 42 GCC Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 43 Israel Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 44 Latin America Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 45 Mechanicalzil Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 46 Argentina Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 47 Colombia Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 48 Peru Chocolate Spreads Market, 2016-2028 (US$ Bn)
FIG. 49 Chile Chocolate Spreads Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Chocolate Spreads Market
TABLE 2 Global Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 4 Global Chocolate Spreads Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 North America Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 7 North America Chocolate Spreads Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 10 Europe Chocolate Spreads Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Chocolate Spreads Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 16 Latin America Chocolate Spreads Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 19 Middle East Chocolate Spreads Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Chocolate Spreads Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Africa Chocolate Spreads Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 22 Africa Chocolate Spreads Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global Chocolate Spreads market?

The global Chocolate Spreads market is expected to be impacted significantly by COVID-19.

Which is the leading market for Chocolate Spreads?

Asia Pacific accounted for the highest share in the global Chocolate Spreads market in terms of value.

What are the key drivers for the growth of the Chocolate Spreads market?

Demand for chocolate spreads has been spurred by the recent growth in customer appetite for healthy convenience food options. Consumer preferences are shifting toward more portable, convenient, and imaginative ways to consume more fruit, typically paired with premium, luxurious, and exotic foods, fuelling the rise of the chocolate spread business.

Which is the major packaging type segment in Chocolate Spreads Market by drugs by route of administration?

Bottles segment had a major share in 2021 with more than 40% of the market revenue share.

Which is the major distribution channel segment in Chocolate Spreads Market by molecule type?

Supermarkets/hypermarkets segment had a major share in 2021 with more than 30% of the market revenue share.

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