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Chocolate Hazelnut Spread Market: Low-calorie & Gluten-free Products Increase Demand from Health-conscious People
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In developed countries, the demand for chocolate hazelnut spread is expected to increase, especially from health-conscious people, owing to the launch of reduced fat, gluten-free, and low-calorie varieties. Continuous product innovation could be a leading factor helping new companies to give a tough competition to established players operating in the market. Chocolate hazelnut spread could be used to add to any type of dessert, prepare instant hot chocolate, spread over croissants, and as an ice cream topping.
In terms of distribution channel, the world chocolate hazelnut spread market could be classified into indirect and direct sales, where the former is expected to be further segregated into online retailers, convenience stores, hypermarket/supermarket, and specialty stores. By type of packaging, there could be segments such as cups, pouches, and bottles. By source, the market could be divided into conventional and organic. With respect to geography, North America is foreseen to lead the market due to high consumer preference, improved shelf visibility in retail chains, and growing consumer awareness.
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