Global Hazelnut Chocolate Spread Market Size Exceed To USD 5.50 Billion in 2024|CAGR of 5.25%: Industry Report

RELEASE DATE: Jul 2025 Author: Spherical Insights
The Global Hazelnut Chocolate Spread Market Size is expected to Grow from USD 5.50 Billion in 2024 to USD 9.66 Billion by 2035, at a CAGR of 5.25% during the forecast period 2025-2035

Table of Contents

Global Hazelnut Chocolate Spread Market Size, Share, and COVID-19 Impact Analysis, By Product (Conventional and Organic), By Packaging (Jars, Bottles, and Tubes), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 To 2035


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Global Hazelnut Chocolate Spread Market Insights Forecasts to 2035

  • The Global Hazelnut Chocolate Spread Market Size Was Estimated at USD 5.50 Billion in 2024
  • The Market Size is Expected to Grow at a CAGR of around 5.25% from 2025 to 2035
  • The Worldwide Hazelnut Chocolate Spread Market Size is Expected to Reach USD 9.66 Billion by 2035
  • Asia Pacific is expected to grow the fastest during the forecast period.

 

Hazelnut Chocolate Spread Market

The global hazelnut chocolate spread market comprises products made by combining roasted hazelnuts, cocoa, sugar, and oils to create a smooth, sweet spread enjoyed by consumers worldwide. This market includes both conventional and organic variants, offering a variety of options to meet different dietary preferences and lifestyles. Hazelnut chocolate spreads are widely used as toppings for bread, pancakes, and desserts, making them a popular choice in many households. The product range varies in texture, flavor, and nutritional content, with some brands offering reduced sugar or added protein formulations. The market is characterized by numerous players, from established multinational brands to regional manufacturers, all competing to innovate through new flavors, packaging, and health conscious alternatives. Overall, the hazelnut chocolate spread market is mature yet continuously evolving, driven by product diversification and consumer demand for indulgent, convenient food products. This steady growth reflects the widespread appeal of hazelnut chocolate spreads as a delicious and versatile treat.

Attractive Opportunities in the Hazelnut Chocolate Spread Market

  • Brands can capitalize on consumer interest in high-quality, ethically sourced spreads that emphasize unique flavors and sustainable production practices.
  • The growing trend of plant based and vegan diets creates a strong opportunity to launch dairy free and allergen friendly hazelnut chocolate spreads catering to niche but expanding customer segments.
  • Companies can engage younger consumers and build brand loyalty through interactive campaigns, influencer partnerships, and digital platforms, boosting market reach and consumer engagement.
  • Rapid urbanization and growing middle class populations in emerging economies offer untapped potential for increased market penetration and growth, especially in regions like Asia Pacific.

Global Hazelnut Chocolate Spread Market Dynamics

DRIVER: Increasing consumer demand for indulgent and convenient food products

The growth of the global hazelnut chocolate spread market is primarily driven by increasing consumer demand for indulgent and convenient food products. Rising awareness of premium ingredients like hazelnuts and cocoa enhances the product’s appeal among consumers seeking rich taste experiences. The expanding availability of innovative flavors and healthier options, such as reduced sugar and organic variants, attracts a broader audience, including health-conscious buyers. Additionally, growing urbanization and busy lifestyles fuel demand for quick and easy to use spreads that fit into on-the-go eating habits. Marketing campaigns and product endorsements by popular brands also boost consumer interest and brand loyalty. Furthermore, the rise of e-commerce platforms has improved accessibility, enabling consumers worldwide to explore and purchase a diverse range of hazelnut chocolate spreads. These factors collectively contribute to sustained market expansion as manufacturers focus on innovation, quality, and accessibility to meet evolving consumer preferences.

RESTRAINT: Fluctuating raw material prices

Fluctuating raw material prices, particularly for hazelnuts and cocoa, pose significant challenges. For instance, in 2024, cocoa prices surged by 43% year on year, peaking at 10,000 per metric tonne, before falling to about 5,455 per tonne, leaving producers grappling with expensive inventories. Such volatility can lead to increased production costs and reduced profit margins for manufacturers. Additionally, rising health consciousness among consumers regarding sugar and fat content in food products has led to a decline in demand for traditional hazelnut chocolate spreads. This shift necessitates product reformulation to meet health conscious preferences, which can be complex and costly. Moreover, intense competition from both established brands and private label offerings often results in price wars, further squeezing profit margins. These factors collectively pose challenges to the sustained growth and profitability of the hazelnut chocolate spread market.

OPPORTUNITY: Leveraging digital marketing and social media platforms

Increasing consumer interest in premium and artisanal products offers brands a chance to introduce high-quality, ethically sourced spreads that emphasize unique flavors and sustainable practices. The rising trend of plant-based and vegan diets opens avenues for developing dairy free and allergen friendly alternatives, catering to niche but expanding customer segments. Additionally, leveraging digital marketing and social media platforms enables companies to engage younger consumers and create brand loyalty through interactive campaigns and influencer partnerships. Expansion into emerging markets with growing middle class populations presents untapped potential for market penetration. Innovations in packaging, such as eco-friendly and convenient single-serve portions, can enhance product appeal and reduce environmental impact. Collaborations with bakeries, cafes, and dessert brands also provide new distribution channels. These opportunities, combined with technological advancements in production and supply chain optimization, position the hazelnut chocolate spread market for diversified and sustainable growth.

CHALLENGES: Strict food safety and labeling rules in different countries

Strict food safety and labeling rules in different countries make it hard for companies to create and sell products everywhere. Problems in the supply chain, like bad weather affecting hazelnut harvests or political issues, can cause shortages of key ingredients. Consumers also want to know where their food comes from and how it’s made, so companies must be more transparent and focus on sustainable practices. In some places, fake or low quality products hurt customer trust. Because there are many similar products, it’s tough for brands to stand out and attract buyers. Finally, companies must find a balance between making tasty spreads and meeting the demand for healthier options, which can be expensive and challenging. These issues require companies to be flexible and careful in planning to succeed in the market.

Global Hazelnut Chocolate Spread Market Ecosystem Analysis

The global hazelnut chocolate spread market ecosystem includes raw material suppliers (hazelnut and cocoa farmers), manufacturers who process and package the spreads, and ingredient and packaging providers. Distribution channels like supermarkets, retailers, and e commerce platforms connect products to consumers. Marketing agencies support brand promotion, while regulatory bodies ensure safety and quality standards. Together, these players form an interconnected system that drives product innovation, availability, and consumer demand, sustaining the market’s growth worldwide.

 

Based on the product, the conventional segment dominated the global hazelnut chocolate spread market, with the largest share over the forecast period

The conventional segment of the global hazelnut chocolate spread market holds the largest share because it caters to a broad consumer base seeking familiar flavors at accessible prices. These products typically use traditional ingredients and manufacturing processes, which help keep costs lower compared to organic or specialty spreads. Conventional spreads are widely distributed through supermarkets, convenience stores, and online platforms, ensuring easy availability. Moreover, strong brand recognition and consumer loyalty further reinforce their market dominance. While organic and health focused options are growing in popularity, conventional spreads remain the preferred choice for many due to their consistent taste, texture, and affordability. This broad acceptance ensures that the conventional segment continues to lead the market over the forecast period.

Based on the packaging, the jars segment dominated the market with the highest market share over the forecast period

Jars are preferred because they provide airtight sealing that helps maintain product freshness and quality for longer periods. They are also reusable and easy to store, making them convenient for consumers. Additionally, jars offer ample space for attractive labeling and branding, which enhances shelf appeal and helps manufacturers stand out in a competitive market. While other packaging types like squeeze tubes and sachets are growing due to portability, jars remain the most popular choice for both manufacturers and consumers, driving their dominance in the market.

North America is anticipated to hold the largest market share of the hazelnut chocolate spread market during the forecast period

North America is anticipated to hold the largest market share in the hazelnut chocolate spread market during the forecast period. This is driven by high consumer demand for premium and innovative food products, along with strong brand presence and wide product availability. Increasing urbanization, rising disposable incomes, and growing interest in indulgent yet convenient snacks contribute to market growth. Additionally, the region's welln established retail infrastructure, including supermarkets and ecommerce platforms, facilitates easy access to a variety of hazelnut chocolate spreads. Consumer trends towards experimenting with flavors and healthier alternatives also support the market’s expansion in North America.

Asia Pacific is expected to grow at the fastest CAGR in the hazelnut chocolate spread market during the forecast period

Asia Pacific is expected to grow at the fastest CAGR in the hazelnut chocolate spread market during the forecast period. This rapid growth is driven by increasing urbanization, rising disposable incomes, and changing consumer lifestyles that favor convenient and indulgent food products. Expanding retail networks and growing awareness of hazelnut chocolate spreads also contribute to market expansion. Additionally, rising demand from emerging economies like China and India, where Western style snacks and spreads are gaining popularity, fuels this growth. The introduction of new flavors and healthier product variants tailored to local tastes further accelerates market development in the region.

 

Recent Development

  • In September 2024, Ferrero launched Nutella Plant-Based, a vegan certified version of its classic spread, replacing milk with chickpeas and rice syrup. This product aims to meet the rising demand for plant-based foods, particularly in European markets.

Key Market Players

KEY PLAYERS IN THE HAZELNUT CHOCOLATE SPREAD MARKET INCLUDE

  • Ferrero Group
  • The Hershey Company
  • Nestle S.A.
  • Mondelez International, Inc.
  • J.M. Smucker Company
  • B G Foods, Inc.
  • Hero Group
  • Peanut Butter  Co.
  • Justin’s Nut Butter
  • Meiji Holdings Co., Ltd.
  • Others

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the hazelnut chocolate spread market based on the below mentioned segments: 

Global Hazelnut Chocolate Spread Market, By Product

  • Conventional
  • Organic

Global Hazelnut Chocolate Spread Market, By Packaging 

  • Jars
  • Bottles
  • Tubes

Global Hazelnut Chocolate Spread Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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