Introduction:
Cookie Butter also called as speculoos butter is a food paste which is made primarily from speculoos cookies crumbs. Speculoos is a type of crunchy, shortbread spice biscuits, traditionally baked for consumption during St Nicholas’ day in the Netherlands and Belgium and during Christmas in Germany. These biscuits are mixed along with other ingredients including vegetable oil, flour, and sugar along with added flavor in order to produce a spread with the similar consistency as peanut butter. Cookie butter spread is a great alternative to currently available spreads such as peanut butter, hazelnut butter, chocolate spread and are used for various applications across the food industry including, bakery, dairy and ice-cream, spreads and dips and others. The cookie butter spread market is expected to witness significant growth in value terms over the forecast period mainly attributed to its growing application as an alternative to other products in the market due to its low sugar content.
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Cookie Butter Spread Market Segmentation
Global cookie butter spread market is segmented on the basis of application, flavor, sales channels and region. On the basis of application the global cookie butter spread market is segment in to industrial, household and commercial application segments. The industrial segment is further sub-segmented into, bakery products, dairy and ice-cream, spreads and dips, desserts and other segments. Cookie butter spread is widely used as a spread on toast, bagels, pancakes and baffles. Apart from this cookie butter spread is also used in several cookie recipes. Increasing application of cookie butter spread in bakery and desserts application segment is expected to result in significant revenue generation in the overall market for cookie butter spread over the forecast period. The commercial segment is sub-segmented into, hotels, restaurants & cafes (HoReCa) and institutional foods. By flavor the global cookie butter spread market is segment into, chocolate, vanilla and others. Kids demand for food products with unique taste which is creating immense popularity of flavored cookie butter spreads among consumers especially kids. Furthermore, cookie butter spreads are also available in the form of creamy and crunchy texture which can be used for specific needs across several food applications as per desired by food manufacturers.
On the basis of sales channel the global cookie spread market is segmented into, direct and indirect sales channels. Indirect sales channels are further sub-segmented into hypermarkets/supermarkets, convenience stores, specialty stores, e-commerce and other retail formats.
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On the basis of region the global cookie butter spread market is segmented into, north America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America and Europe are the largest markets for cookie butter spread globally attributable to increasing demand for several food products across the regions. Cookie butter spread are derived from cookies native to European region which is contributing towards its overall market share in the region. Also, popularity of cookie butter spread is also attributed to its reasonable price and expanded applications across several food domains.
Cookie Butter Spread Market Global Market Trends and Market Drivers:
The growth of cookie butter spread market across the globe is expected to depict significant growth in the overall market owing to increasing demand for convenience food products. Consumers across globe are demanding for food products without any artificial flavors, which is pushing manufacturers of food products to offering organic food products. This is expected to fuel the consumption of cookie butter spread among consumers across the globe. The global cookie butter spread market is expected to witness limited growth potential across regions such as Asia Pacific and MEA due to less awareness regarding nutritional benefits of cookie butter spread as compared to other spreads.
Cookie Butter Spread Market Key Players:
Variety of Cookie Butter Spread have been introduced by the manufacturers and some of the global market players manufacturing cookie butter spread market include; Natural Nectar, Trader Joe’s, Lotus Bakeries, Tumbador Chocolate, American Roland Food Corp., Krüger GmbH & Co. KG and others.