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Europe Dark Chocolate Market - By Product Type (50 % Cocoa, 70 % Cocoa, 75 % Cocoa, 80 % Cocoa, 90 % Cocoa), By End User (Bakery and Confectionary, Household/ Retail, Food, and Beverages), By Distribution Channel (Retail, Hypermarkets / Supermarkets, Online stores ) By Country (Germany, UK, France, Spain, Italy, Russia, Rest of Europe) -size, share trends, growth, forecast (2022-2027).

Published: December, 2022
ID: 13499
Pages: 130
Formats: report pdf report excel report power bi report ppt

Europe Dark Chocolate Market Value and Growth (2022-2027)

Europe Dark Chocolate Mark was worth USD XXX million in 2022 with a CAGR of XX%, to reach USD XXX million by 2027

Europe Dark Chocolate Market Overview:

The European Dark Chocolate Market has been steadily expanding in recent years. Dark chocolate is a cocoa variation slightly bitter and not as sweet as regular milk chocolate. Dark chocolate has an intense flavor, rich texture, and pigment because it contains antioxidants and flavonoids. It has numerous applications in baking, confectionery, bars, candies, etc. Dark chocolate is typically preferred by health-conscious consumers looking for a low-calorie, sugar-free chocolate option. Consumers are becoming more health conscious, and their consumption of dark chocolate increases as they become more aware of its benefits. Dark chocolate has many health benefits, including controlling blood pressure, increasing good cholesterol, and lowering the risk of cardiovascular disease. Consumers also prefer organic and natural sweeteners, which has increased demand. Dark chocolate differs from one another based on the cocoa content. Manufacturers are attempting to create new offerings in this segment by combining dark chocolate with other trends, such as the rising demand for natural sweeteners. They are incorporating stevia, coconut, and other natural sweeteners into the chocolate creating new variants. The medical benefits, increasing internet penetration, participation of more market players, rising disposable income, and changing consumption habits are expected to drive demand for dark chocolate over the forecast period.

Europe Dark Chocolate Market Drivers and Restraints:

The rising consumption of bakery and confectionary items, as well as various flavored candies and chocolates, is driving the dark chocolate market. People's disposable income has increased, and they are willing to spend more on premium products for better quality and flavor. Manufacturers are constantly investing in R&D activities in order to create new products, as well as in packaging in order to attract more customers. Rapid urbanization has resulted in many trends that have increased demand for dark chocolate, including the use of chocolate for gifting, an increase in the number of nuclear families, growing awareness of the health benefits of dark chocolate, and a shift in consumption habits. Consumers are becoming more health conscious, and as a result, they prefer fat-free and sugar-free options, pushing manufacturers to innovate and create healthier options for these customers. Many players are collaborating to create bundles of products to attract customers, and this market provides them with a huge opportunity during the forecast period.

However, raw materials for dark chocolate, particularly cocoa, are challenging to come by. Authentic cocoa is costly, its prices fluctuate, and it is exported from Africa, where economic and political conditions are unstable. These challenges may limit the growth of the dark chocolate market during the forecast period.

Europe Dark Chocolate Market Segmentation:

The Europe Dark Chocolate Market is segmented based on Product Type, Distribution Channel, End - User, and Region. 

By Product Type:

  • 50 % Cocoa70 % Cocoa

  • 75 % Cocoa

  • 80 % Cocoa

  • 90 % Cocoa 

The 50% cocoa chocolate segment has dominated the European market Because of its mildly bitter taste and associated health benefits, such as lowering the risk of cardiovascular disease and aiding in blood flow. It is also beneficial to the skin and is expected to drive market growth during the forecast period.

By End User:

  • Bakery and Confectionary

  • Household/ Retail

  • Food and Beverages 

The bakery and confectionary segment dominates the market. It holds the largest market share because Dark chocolate is used in producing various bakery products such as bread, muffins, and cakes, enhancing flavor and producing chocolate variants. It also helps to improve the flavor, texture, and aroma of products and is expected to drive Europe's dark chocolate market growth in this segment throughout the forecast period.

By Distribution Channel:

  • Retailers

  • Hypermarkets/ Supermarkets

  • Online stores 

Supermarkets and hypermarkets dominate this market in distribution channels because they provide consumers with accessibility and affordability. They offer customers a wide range of options in a single location and can offer the best prices due to economies of scale. During the forecast period, they are expected to boost the Europe dark chocolate market growth.

By Country:

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Russia

  • Rest of Europe 

According to region, Germany and UK are the two countries driving market demand in the European Market. They have dominated the dark chocolate market because their consumers have a high demand for it. It is also one of the regions with the world's largest diabetic population, so sugar-free alternatives to regular chocolate are in high demand. Consumers are becoming more health conscious and prefer organic and natural products. It is also one region that consumes many bakery goods like bread and muffins. The European region is experiencing high demand for this market due to increased industrialization, the introduction of e-commerce platforms, and the increased penetration of Internet connectivity and smartphones. These products are more appealing to buyers due to the government regulations, standards, and requirements for high-quality products, as well as the mandatory safety certifications and labels.

Europe Dark Chocolate Market Key Players:

  1. Ferrero International

  2. Nestle

  3. Mondelez International Inc.

  4. Amul

  5. Ritter Sport

  6. The Hershey Company

  7. Godiva

  8. Lindt & Sprungli AG

  9. Ghirardelli Chocolate co.

  10. Patchi

  11. Harry and David Holdings inc. 

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