News

The Hershey Company takes on fast-growing Nutella

Written by The Associated Press | Jan 15, 2014 4:28 PM
Hershey Chocolate 1.jpg

Photo by The Hershey Company

(New York) -- Americans apparently like smearing their foods with chocolatey spreads.

The Hershey Company says it's introducing a line of chocolate spreads, including a hazelnut variety reminiscent of Nutella, a spread made by the Italian company Ferrero that has taken off rapidly in the U.S.

The move points to the strong growth in the category. Over the past five years, sales of Nutella in the U.S. have more than tripled to $240.4 million, according to market researcher Euromonitor International.

In 2012, J.M. Smucker Co. also got into the game with its Jif hazelnut spreads.

Anna Lingeris, a Hershey spokeswoman, says the spreads are often paired with fruit. But she says Hershey will play up the possibilities for its spreads in national TV ads set to start airing on Monday.

Published in Hershey, News

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