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The Germany chocolate market size reached nearly USD 7.53 billion in 2023. The market is projected to grow at a CAGR of 3.10% between 2024 and 2032 to reach a value of around USD 9.83 billion by 2032.
Chocolate refers to a food product which is obtained from cocoa beans. It can be used in various products, such as beverages, candy, or bakery products, among others. It is one of the most popular confectioneries in the world.
Based on type, the market is segmented into dark chocolate, milk chocolate, and white chocolate. On the basis of category, the market is classified into pure chocolate and compound chocolate. Based on distribution channel, the Germany chocolate market segmentations include supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Germany chocolate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Dark chocolate accounts for a significant portion of the Germany chocolate market share. This can be attributed to the health benefits associated with dark chocolate. It is an excellent source of antioxidants, helps improve blood flow, and enhance the skin health. Moreover, the increasing awareness regarding the mental health benefits of dark chocolate due is invigorating the segment’s growth.
As per the Germany chocolate market analysis, online channels are expected to robustly grow in the forecast period. The robust growth of the e-commerce sector of Germany has empowered customers to buy chocolates from the convenience of their homes. As chocolate is a popular gift, sales of chocolate boxes from e-commerce channels is significantly increasing.
Ferrero International is a multinational company which is known to manufacture premium chocolate and confectionary products. The products made by this company are either directly sold or are distributed through the authorised retailers.
Nestlé S.A. is a leading food and drink processing company. The company owns various brands, including KitKat, Smarties, and Carnation, among others. The company was founded in 1866 and is headquartered in Vevey, Switzerland.
The Hershey Company is a renowned company which manufactures and sells chocolate and cocoa-based products. The product portfolio of this company also includes cookies, cakes, and milkshakes, among others.
Other market players include Mondelez Global LLC, Mars, Incorporated, Chocoladefabriken Lindt & Sprüngli AG, Alfred Ritter GmbH & Co. KG, Yildiz Holding A.S. (Godiva), August Storck KG, and Ludwig Schokolade GmbH & Co. KG, among others.
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 Category |
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Breakup by Distribution Channel |
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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 Germany Chocolate Market Overview
9.1 Key Industry Highlights
9.2 Germany Chocolate Historical Market (2018-2023)
9.3 Germany Chocolate Market Forecast (2024-2032)
10 Germany 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 Germany Chocolate Market by Category
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 Germany 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 Speciality Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code - 1806)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ferrero International
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Nestlé S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Hershey Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mondelez Global LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mars, Incorporated
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Chocoladefabriken Lindt & Sprüngli AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Alfred Ritter GmbH & Co. KG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Yıldız Holding A.Ş. (Godiva)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 August Storck KG
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Ludwig Schokolade GmbH & Co. KG
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Germany Chocolate Market: Key Industry Highlights, 2018 and 2032
3. Germany Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Germany Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Germany Chocolate Historical Market: Breakup by Category (USD Billion), 2018-2023
6. Germany Chocolate Market Forecast: Breakup by Category (USD Billion), 2024-2032
7. Germany Chocolate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Germany Chocolate Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Germany Chocolate Market Structure
The market reached a value of nearly USD 7.53 billion in 2023.
The market is estimated to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 9.83 billion by 2032.
The increasing demand for chocolate-based desserts in Germany, such as chocolate ice-cream, premiumisation of chocolate, and growing availability of sugar-free or vegan chocolates are the major drivers of the market.
The key trends in the market include the increasing awareness pertaining to the health benefits offered by dark chocolate and the surging demand for vegan chocolate.
Dark chocolate, milk chocolate, and white chocolate are the different types of chocolates.
Pure chocolate and compound chocolate are the major categories of chocolate considered in the market report.
Ferrero International, Nestlé S.A., The Hershey Company, Mondelez Global LLC, Mars, Incorporated, Chocoladefabriken Lindt & Sprungli AG, Alfred Ritter GmbH & Co. KG, Yildiz Holding A.S. (Godiva), August Storck KG, and Ludwig Schokolade GmbH & Co. KG, among others, are the key market players.
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