The Europe Cocoa and Chocolate Market was worth US$ xx million in 2020, and it is estimated that it will reach a valuation of US$ xx million by the end of 2025 with an annual expansion rate of xx% between 2020 and 2025.
Cocoa and chocolate add flavor and texture to food. Commercial chocolate and its products contain many sugars, fats and additives that are harmful to health. Market demand for cocoa and chocolate is increasing as the confectionery sector grows. The food and beverage industry has made an important contribution to the expansion and global development of the Cocoa and Chocolate markets.
The European market is primarily driven by growing consumer awareness of the health benefits of cocoa. The market has been driven by the growing demand for chocolate around the world at all ages.
The Europe cocoa and chocolate market has seen significant growth due to the health benefits of chocolate and cocoa. Additionally, seasonal and holiday sales are expected to boost the Europe cocoa and chocolate markets in the coming years. Due to its antioxidant properties and health benefits, the widespread use of cocoa is expected to be a major growth engine for the Europe cocoa and chocolate market. The European market is expected to show strong growth during the outlook period. The market is driven by the growing demand for chocolate and cocoa. In particular, the rising need for specialty and premium chocolates in developed countries such as Germany, Belgium, France and the United Kingdom during the last few years that will accelerate the growth of the cocoa and chocolate market in the near future. On top of that, consumers these days are well aware of the ingredients used in chocolate. This is because some are affected by lactose-induced allergies, while others prefer vegan chocolate and cocoa products. Additionally, the growing preference for specialty cocoa beans is expected to stimulate market growth. Strong demand from Europe is driving the cocoa and chocolate market in the region. Cocoa gives the products flavor, texture and color. It also has antioxidant, anti-inflammatory, and antidepressant properties. In the confectionery and food and beverage industries, the huge demand for Europe cocoa and chocolate is driving the market. The promising health benefits of cocoa and chocolate in pharmaceuticals and cosmetics provide enough evidence to encourage manufacturers to consider using these ingredients. The arrival of delicious chocolate has greatly increased the demand for Europe cocoa and chocolate products. One of the recent developments in the chocolate market is the change in the shape and color of packaging. The world market for cocoa is in high demand due to the growing awareness of the medicinal and anti-aging properties of cocoa. The demand for chocolate syrup has grown around the region. The Europe cocoa and chocolate market is expected to grow as chocolate syrup is made from cocoa beans. The increase in disposable income for low-income families presents enormous market opportunities for the major players operating in the Europe cocoa and chocolate markets.
The lack of sufficient quantities of cocoa beans will hamper the growth of the Europe cocoa and chocolate market in the coming years. Also, the production and cultivation of cocoa crops is declining in the agricultural sector due to lower profits, which is a challenging factor in the face of market growth. Farmers are abandoning the production of cocoa crops due to low profits, which is a great challenge for the Europe cocoa and chocolate market. The presence of saturated fats in chocolate and its adverse health impacts are shifting consumer interest to alternatives such as sandwiches, slowing the growth of the Europe cocoa and chocolate market.
By application, the Europe cocoa and chocolate market is segmented into confectionery, food and beverages, cosmetics, pharmaceuticals and others.
Depending on the type of chocolate, the regional market is divided into milk chocolate, filled chocolate, dark chocolate, and white chocolate.
Based on the cocoa type, the European market is separated into cocoa powder, cocoa butter, and cocoa liquor.
The COVID-19 pandemic outbreak is causing huge losses to many industries. They are reducing the workforce and maintaining social distancing to keep up with the new changes. Some have stopped working to prevent the spread of the virus. Our report has been specially produced to provide detailed information on the current situation and its impact on all markets. However, due to the COVID-19 pandemic, the sales and production of these chocolates have suddenly declined.
Geographically the Europe Cocoa and Chocolate Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Europe dominates the cocoa and chocolate market mainly due to the greater cocoa processing capacity in the region. Europe is expected to occupy a significant part of the global chocolate market because of the increasing number of manufacturing facilities and modern supply chain facilities for chocolate products. The rise in population and disposable income has contributed to increasing the penetration of the Italian market. The Belgium cocoa market is growing rapidly owing to the huge demand for cocoa and chocolate-based products.
Key Players in the Market:
Major Key Players in the Europe Cocoa and Chocolate Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cocoa and Chocolate Market, By Cocoa Type
6.1.1 Cocoa Liquor
6.1.2 Cocoa Powder
6.1.3 Cocoa Butter
6.1.4 Market Size Estimations & Forecasts (2020-2025)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Cocoa and Chocolate Market, By Chocolate Type
6.2.1 Milk Chocolate
6.2.2 Dark Chocolate
6.2.3 Filled Chocolate
6.2.4 White Chocolate
6.2.5 Market Size Estimations & Forecasts (2020-2025)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Cocoa and Chocolate Market, By Application
6.3.1 Food & Beverage
6.3.5 Market Size Estimations & Forecasts (2020-2025)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 Europe - Market Analysis (2020 - 2025)
7.2.1 By Country
220.127.116.11 Rest of Europe
7.2.2 By Cocoa Type
7.2.3 By Chocolate Type
7.2.4 By Application
8. Key Player Analysis
8.1 Nestle SA
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Ferrero Group
8.3 Mars, Inc
8.4 Barry Callebaut
8.6 The Hershey Company
8.7 Kraft Foods
8.8 Archer Daniels Midland Company
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures