Industry Background:
The global chocolate based spreads market is anticipated to witness high growth over the forecast period owing to changing lifestyle and eating habits of people around the globe. Chocolate spread is a sweet chocolate-flavored paste mostly spread on bread and toasts or similar grain items such as waffles, muffins, pancakes, and others. The chocolate spreads have become an essential part of breakfast and evening meal. Resurging interest in home cooking and baking have augmented the frequent consumption of chocolate based spreads across the globe.This growth is primarily driven by Rise in Disposable Income and Changing Lifestyle and Rising Awareness among Consumers about the Favorable Health Effects Related to the Consumption of Dark Chocolates.
Globally, a noticeable market trend is evident Changing Eating Habits. Major Vendors, such as B & G Foods Inc (United States), ConAgra Foods Inc (United States), Ferrero Group (Italy), The Hershey Company (United States), J.M. Smucker (United States), Kraft Foods (United States), Nestle SA (Switzerland), Premier Foods (United Kingdom), Lotte Confectionery Co. Ltd. (South Korea) and Unilever Group (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The Food and Drug Administration (FDA) is responsible for assuring that foods sold in the United States are safe, wholesome and properly labeled. This applies to foods produced domestically, as well as foods from foreign countries. The Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act are the Federal laws governing food products under FDA's jurisdiction.
Market Drivers
- Rise in Disposable Income and Changing Lifestyle
- Rising Awareness among Consumers about the Favorable Health Effects Related to the Consumption of Dark Chocolates
Market Trend
Restraints
- Concerns Regarding High Amount of Calories, Fat and Sugar
Opportunities
Increasing Demand for Ready to Eat Products
Challenges
Stringent Government Regulations Regarding Food Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Chocolate Based Spreads Study Sheds Light on
— The Chocolate Based Spreads Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Chocolate Based Spreads industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Chocolate Based Spreads industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.