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The Europe chocolate market size was valued at USD 56.29 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 83.18 billion by 2032.
The demand for fine-flavour cocoa in Europe is experiencing substantial growth, with ultra and high-end beans used for gourmet chocolates. This trend is driven by the potential blood pressure-lowering benefits associated with dark chocolate and the increasing awareness of the nutritional value of cocoa products. The growing demand for fine-flavour cocoa in Europe is evident in the increasing popularity of chocolate brands that use high-quality cocoa beans, such as Valrhona, Amedei, and Domori.
The trend of product premiumisation is thriving in Europe, with discerning consumers increasingly drawn to premium chocolate offerings. Brands like Ferrero, Lindt & Sprüngli, and Yildiz Holding are repositioning their products as exquisite gifts, focusing on brand identity, quality ingredients, and authenticity. The demand for premium chocolates as gifts during festivities like Easter, Valentine's Day, Christmas, and Halloween is also propelling Europe chocolate market growth.
Consumers are seeking more information about cocoa production contexts and the impact of their purchases, leading to a rise in sustainability programs among cocoa trading companies. The emphasis on sustainability in the European chocolate market is evident in the initiatives of major chocolate manufacturers, such as Mars, Mondelez, and Nestlé, which have committed to sourcing sustainable cocoa through programs like the Cocoa Life initiative and the Cocoa Horizons Foundation.
Moreover, the introduction of new and unique chocolate products, such as the Ruby Chocolate by Barry Callebaut, which offers a pink colour and a unique flavour profile, and the Vegan Chocolate by Tony's Chocolonely, caters to the growing demand for plant-based chocolate products. These innovations enhance the overall Europe chocolate market development.
Europe Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product Type
Market Breakup by Distribution Channel
Market Breakup by Country
Market players are introducing novel product lines with premium cocoa, unique flavours, and organic components, including fruit and nuts, caramel, stevia, and honey, to expand their customer base.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Chocolate Historical Market (2018-2023)
8.3 Global Chocolate Market Forecast (2024-2032)
8.4 Global Chocolate Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Chocolate Market Overview
9.1 Key Industry Highlights
9.2 Europe Chocolate Historical Market (2018-2023)
9.3 Europe Chocolate Market Forecast (2024-2032)
10 Europe Chocolate Market by Type
10.1 Dark Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Milk Chocolate
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 White Chocolate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Chocolate Market by Product Type
11.1 Pure Chocolate
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Compound Chocolate
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Europe Chocolate Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Europe Chocolate Market by Country
13.1 Germany
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Kingdom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 1806)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Mars, Incorporated
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Mondelēz International, Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Ferrero International S.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Nestlé S.A.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 The Hershey Company
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Barry Callebaut AG
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Grupo Arcor
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Chocoladefabriken Lindt & Sprüngli AG
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 August Storck KG
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Meiji Holdings Co., Ltd.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Europe Chocolate Market: Key Industry Highlights, 2018 and 2032
3. Europe Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Europe Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Europe Chocolate Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Europe Chocolate Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Europe Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Europe Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Europe Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Europe Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Europe Chocolate Market Structure
In 2023, the market reached an approximate value of USD 56.29 billion.
The market is expected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 83.18 billion by 2032.
The market is being driven due to the emerging popularity of organic, vegan, and sugar- and gluten-free chocolates in various baked goods, confectioneries, and western desserts, etc.
Growing demand for fine cocoa, a shift in consumer preferences away from traditional sweet indulgences, and the growing popularity of fruits and nut-infused chocolates are key trends supporting the market expansion.
Countries considered in the market are Germany, United Kingdom, France, and Italy, among others.
Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, and online stores, among others.
Dark chocolate, milk chocolate, and white chocolate are considered in the report.
Key players in the market are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A., Nestlé S.A., The Hershey Company, Barry Callebaut AG, Grupo Arcor, Chocoladefabriken Lindt & Sprüngli AG, August Storck KG, and Meiji Holdings Co., Ltd., among others.
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