|Release Date :||20 - Apr - 1964|
|Industry :||Food & Beverage|
Nutella is an undefeated champion in their line of business, selling a jar every two and a half seconds worldwide. There have been many occasions where in police cases have been registered in many countries about stolen stocks of Nutella jars, and this speaks volumes about how big a success the spread is. In the latest annual sales report they mentioned about selling an astounding 3.65 lakh tonnes of their product in over 160 countries. Another factor for us to assess the quantum of its production and sales is the facts that 25% of hazel nut grown across the world goes into its making.
Ferrero, the company that manufactures Nutella has been established in 1946. In the year 1963, Michele Ferrero after re-working on their previous make Supercrema, altered the composition to suit the European markets. The spread got its name “Nutella”. With sugar, palm oil, hazelnut, cocoa, and milk being elementary ingredients, the product shot to an instant success and retained niche till date. The ‘World Nutella Day’ is celebrated on the 5th of February, in memory of millions of households that have included Nutella as a mandatory breakfast item.