Hershey takes on fast-growing Nutella
Hershey rolls out Nutella competitor as Americans spread more chocolate on food
Associated Press
2014-01-16 03:01 AM

NEW YORK (AP) -- The Hershey Co. on Wednesday said it was 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 TV ads set to start airing in America on Monday.

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