Market Research Report
Europe Cocoa Market Forecast 2021-2028
|Europe Cocoa Market Forecast 2021-2028|
Published: September 14, 2021
Content info: 133 Pages
Delivery time: 2-3 business days
The Europe cocoa market is set to record a CAGR of 3.96% during the forecast period, 2021-2028. The region houses several chocolate manufacturers, big industrial chocolate producing companies, and multinational companies. Also, the region is a major consumer of cocoa products, with a thriving specialty market.
Netherlands, France, the United Kingdom, Poland, Germany, France, Switzerland, and Rest of Europe are analyzed for the Europe cocoa market growth evaluation. Italy has a flourishing chocolate processing industry. Also, as per Eurostat, the country has exported almost 8% of its chocolate and chocolate bars. In addition, the country directly sources a large share of its imports from cocoa-producing countries. At the same time, the intensity of the competition is high for bulk cocoa. This is because the segment is majorly dominated by major suppliers, and it is difficult for small and medium-sized companies to compete. Moreover, the presence of multinational companies and gluten-free cocoa products contributes to France's market growth.
In countries like Switzerland, the chocolate industry is an essential and highly visible food industry sector. Also, the country has the highest annual per capita chocolate consumption rate worldwide. Additionally, Switzerland is famous for its production of high-quality chocolates. Moreover, the country is among the largest chocolate exporters, and Swiss chocolate brands are popular internationally.
Furthermore, Switzerland is set to witness growth in organic cocoa and fair-trade chocolate sales, given the ethical push from consumers. Also, dark chocolate is increasingly becoming prominent in the country. This is propelled by a rising preference for healthier products.
Nestle SA, Natra SA, Touton SA, Barry Callebaut AG, Archer Daniels Midland (ADM), Ferrero Group, etc., are among the eminent firms in the market.