The Europe Cocoa and Chocolate Market was worth $29.67 billion in 2018 and estimated to be growing at a CAGR of 2.34%, to reach $33.31 billion by 2023. The market is showing enormous potential in the mentioned period. The amount of cocoa defines the category of the chocolate. Milk chocolates have the highest share of about 50% of all chocolate consumption but they contain only about 10% cocoa.
The cocoa and chocolate market has been growing at a slow but steady pace. Strong demand from United States is propelling the cocoa and chocolate market in the region, as Europe happens to be the largest producer of cocoa. Cocoa provides texture, colour and flavour to products. Also, it has anti-inflammatory, anti-oxidative, and anti-depressant properties. The market for these ingredients is increasing in developing economies such as India and China. In specific, dark chocolate contains high amounts of antioxidants, which are believed to prevent certain types of diseases like Cardiac arrest. Health benefits, perceived by people and doctors, has been the main reason behind steady growth for products with high quantities of cocoa.
Fast and steady growth in demand is not evenly matched against an unpredictable and unstable supply. But chocolate consumers are not generally price sensitive. Except in some very rare circumstances consumers are, in general, ready to purchase cocoa product at any given price. The growing demand for chocolate and cocoa in industries is the major driver of the market. The health-related benefits of chocolate and cocoa in cosmetics and pharmaceuticals has enough evidence needed to back manufacturers in order to consider using such ingredients.
The Europe market for Chocolate and Cocoa is categorized on the basis of Chocolate Type (White Chocolate, Milk Chocolate, Dark Chocolate and Filled Chocolate), by Cocoa type (Cocoa Liquor, Cocoa Powder and Cocoa Butter). Based on Application, the market is segmented into Cosmetics, Food and Beverage, Pharmaceuticals and Confectionery. The milk and white chocolate segment is expected to grow at the highest rate from 2018 to 2023. As stated above, Europe is the largest producer of cocoa and has the second largest market share after North America. U.K. has the fastest growth rate, and Germany has the largest market share in Europe. The cocoa liquor segment leads the cocoa market in 2018. Consumer awareness about health benefits of cocoa has led to some of the important innovations in the European cocoa and chocolate industry.
Some of the major companies dominating the market, by their products and services include ADM, Cargill, Bunge, Plot Ghana, Dutch Cocoa, Barry Callebaut, Indcresa, Blommer and JB Foods Limited and Cocoa Processing Company Limited.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Chocolate Type
5.1.1 Introduction
5.1.2 Dark Chocolate
5.1.3 Milk Chocolate
5.1.4 White Chocolate
5.1.5 Filled Chocolate
5.1.6 Y-o-Y Growth Analysis, By Chocolate Type
5.1.7 Market Attractiveness Analysis, By Chocolate Type
5.1.8 Market Share Analysis, By Chocolate Type
5.2 Cocoa Type
5.2.1 Introduction
5.2.2 Cocoa Butter
5.2.3 Cocoa Liquor
5.2.4 Cocoa Powder
5.2.5 Y-o-Y Growth Analysis, By Cocoa Type
5.2.6 Market Attractiveness Analysis, By Cocoa Type
5.2.7 Market Share Analysis, By Cocoa Type
5.3 Application
5.3.1 Introduction
5.3.2 Cosmetics
5.3.3 Pharmaceuticals
5.3.4 Food & Beverage
5.3.5 Confectionery
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Chocolate Type
6.1.3.3 By Cocoa Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Chocolate Type
6.1.4.3 By Cocoa Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Chocolate Type
6.1.5.3 By Cocoa Type
6.1.5.4 By Application
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cargill
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 ADM
8.3 Bunge
8.4 Barry Callebaut
8.5 Plot Ghana
8.6 Dutch Cocoa
8.7 Cocoa Processing Company Limited
8.8 Indcresa
8.9 Blommer
8.10 JB Foods Limited
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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