Europe Cocoa Products Market size was at USD xx.xx million in 2021 and is foreseen to increase to USD xx.xx million, progressing at a CAGR of xx% throughout the conjecture period 2021-2026.
Cocoa is a commercial plantation crop. The seeds of the cocoa fruit give a flavored cocoa powder during fermentation. Cocoa is hardly grown in monocultures. Their looming ability to share the alley spaces of tall coconut and areca nut palms and their ability to blend in with the microclimatic conditions available in these perennial gardens helps cultivar utilize these areas without requiring a separate growing climate. The most common types of cocoa products available in the market are cocoa beans, cocoa powder coating sugar, cocoa shell skins, and cocoa butter fat and oil.
Market Size Available
2020 – 2026
2021 - 2026
|By Product Type, By Type, By Distribution Channel|
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
United Kingdom, Italy, Spain, Germany, France
Market Leaders Profiled
United Cocoa Processor, Tradin Organic, Cargill, Touton S.A, The Hershey Company, Puratos Group, Guan Chong Berhad (GCB), Fuji Oil Co., Ltd., and Ciranda
Market Drivers and Restraints:
The increased health benefits of cocoa products are a major driver of the European cocoa products market. The growing health benefits of cocoa for the human body include lowering high blood pressure by improving nitric oxide levels, as well as the risk of heart attack and stroke. Additionally, several studies have found that cocoa is rich in flavonoids, which lower blood pressure by improving nitric oxide levels and blood vessel function. Cocoa containing between 30-1218 mg of flavonoids can lower blood pressure by 2 mmHg on average, and therefore these key health benefits are driving the market for cocoa products in the European nations. The increased health benefits of cocoa products is supposed to be a major driver for this regional market during the conjecture period. Cocoa reduces high blood pressure by improving nitric oxide levels, reduces the risk of heart attack and stroke; thus boosting its demand in the application industries. The change in lifestyle coupled with the growing health concerns and busy schedules of people around Europe are further driving the growth of the industry. Also, with the wide recognition in celebratory events and domestic occasions, there is a demand for cakes, pastries and chocolates at affordable prices, further contributing to the growth of Europe cocoa products market. Some of the factors that are expected to hamper the growth of the market are limited cocoa production and rising raw material prices for baked goods during the outlook period.
The Europe Cocoa Products Market has been segmented by product type, application, and region.
Based on Type: It is classified into cocoa beans, cocoa butter, cocoa powder and cakes, paste and cocoa liquor and chocolate.
Based on Application: It is classified into applications, confectionery, food and beverage, cosmetics and pharmaceuticals.
Based on Product Type: The cocoa beans segment contributed the largest share of the cocoa products market. The increased demand for cocoa beans to make a variety of foods and beverages primarily drives their sales. However, the cocoa paste category accounted for the fastest growth in 2019.
According to the application, the confectionery segment has been the main contributor to the cocoa products market share in 2019 and is likely to dominate the market throughout the forecast period. This is attributed to the growing affinity of people around the world for packaged foods and sweets.
Coronavirus pandemic had its worst impact on the food & beverages sector, including all its associated industries like cocoa products. The shutdown of production units, disruption in supply chains and closure of sales channels as a part of lockdown conditions in several developed and developing nations have led to the declined sales of cocoa products. As European nations like Italy, UK, etc., have been among the most affected areas with the Coronavirus, it witnessed huge losses in almost all industries lately. The market is likely to take some time to return to its previous stage as consumers are turning towards organic and herbal products to boost their immunity during this COVID-19 period.
The Europe Cocoa Products market has been classified by geography into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. Europe dominated the market for cocoa products with a 38% share during the review period. Technological advances, along with increasing innovation such as the individual freezing method, are driving the market for cocoa products. The freezing technique method has made a huge claim for its place in the frozen bakery industry in Europe, driven by natural self-promotion without the use of preservatives. Furthermore, ingredients such as fruits, herbs, and vegetables that are used in the baking processes also rely heavily on this unique freezing procedure that promotes the growth of the European cocoa market positively.
Cargill had the largest share of the Europe Cocoa Products Market in terms of sales and revenue in 2020.
Major players in the Europe Cocoa Products Market include United Cocoa Processor, Tradin Organic, Cargill, Touton S.A, The Hershey Company, Puratos Group, Guan Chong Berhad (GCB), Fuji Oil Co., Ltd., and Ciranda.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.2 Cocoa Powder
5.1.3 Cocoa Paste
5.1.4 Cocoa Butter
5.1.5 Cocoa beans
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2.3 Drinks & Beverages
5.2.5 Functional food
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Application
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Application
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Application
7. Strategic Analysis
7.1 PESTLE analysis
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 Kraft Foods Group
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 Blommer Chocolate Company
8.4 Tradin Organic Agriculture B.V
8.5 Touton S.A
8.6 PASCHA Chocolate
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
a) List of Tables
b) List of Figures