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Spain Chocolate Market Size, Share, Growth, Report, Trends: By Type: Dark Chocolate, Milk Chocolate, White Chocolate; By Product Type: Pure Chocolate, Compound Chocolate; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Spain Chocolate Market Outlook
The Spain chocolate market size was valued at USD 853.98 million in 2023. The market is further projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of USD 1250.98 million by 2032.
Key Takeaways
- The Spain chocolate market growth is driven by the health benefits of dark chocolate, increased demand for chocolate in various applications such as confectionery and flavoured eatables, and rising demand for chocolate as a token of love and appreciation.
- Milk chocolate is the largest segment in the market due to its sweeter and softer texture compared to dark chocolate.
- As per industry reports, Europe is the largest chocolate market, with USD 45 billion in chocolate sales projected in 2022.
- The average per capita chocolate consumption in Europe is estimated at 5.0 kg, with Europe being the largest region for cocoa grinding activities.
Dark chocolates are increasingly becoming popular among consumers in Spain due to their perceived health benefits and low sugar content. Dark chocolate is rich in antioxidants, which can help protect the body against damage from free radicals. As a result, the demand for dark chocolate is growing rapidly, and it is expected to continue to do so in the future.
As per Spain chocolate market analysis, the trend of gifting chocolates on special days, occasions, or festivals is becoming increasingly popular in Spain. Chocolates are seen as a thoughtful and indulgent gift, making them an ideal choice for various occasions. This trend is contributing to the growth of the chocolate market during certain periods of time.
According to a report by the International Cocoa Organisation, the price of cocoa beans increased by 16.5% in 2021 compared to the previous year. As a result, chocolate manufacturers like Nestle and Hershey's have been exploring alternatives to cocoa butter and cocoa powder to reduce costs. For instance, Nestle has developed a new chocolate recipe that uses less cocoa butter and more shea butter, while Hershey's has developed a new chocolate formula that uses rice flour instead of cocoa powder.
Pure chocolate is made from cocoa solids, cocoa butter, sugar, and milk powder and has rich taste. The demand for pure chocolate in Spain is increasing due to the growing trend of healthy eating habits and the rising preference for dark chocolate aiding the Spain chocolate market growth. Compound chocolate, on the other hand, is made by replacing cocoa butter with vegetable oils. It is less expensive than pure chocolate and is commonly used in the production of chocolates with fillings, such as cream, nuts, and fruits. The demand for compound chocolate in Spain is driven by the mass market, which prefers low-cost chocolate products.
Market Segmentation
Spain Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Dark Chocolate
- Milk Chocolate
- White Chocolate
Market Breakup by Product Type
- Pure Chocolate
- Compound Chocolate
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market Breakup by Region
- Andalusia
- Catalonia
- Madrid
- Valencian Community
- Rest of Spain
Competitive Landscape
Market players are introducing premium chocolates with high-quality cocoa, distinct flavours, and organic components, including honey, caramel, and dark chocolate, to maintain their competitiveness.
- Mars, Incorporated
- Mondelez International, Inc.
- Ferrero International S.A.
- Nestlé S.A.
- Barry Callebaut AG
- Chocoladefabriken Lindt & Sprüngli AG
- August Storck KG
- IBERCACAO, S.A.
- NATRA S.A.
- Comercial Chocolates Lacasa, S.A
- Others
Key Highlights of the Report
| 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 Europe Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Europe Chocolate Historical Market (2018-2023)
8.3 Europe Chocolate Market Forecast (2024-2032)
8.4 Europe Chocolate Market Share by Country
8.4.1 Germany
8.4.2 United Kingdom
8.4.3 France
8.4.4 Italy
8.4.5 Spain
8.4.6 Others
9 Spain Chocolate Market Overview
9.1 Key Industry Highlights
9.2 Spain Chocolate Historical Market (2018-2023)
9.3 Spain Chocolate Market Forecast (2024-2032)
10 Spain 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 Spain 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 Spain 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 Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Spain Chocolate Market by Region
13.1 Andalusia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Catalonia
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Madrid
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Valencian Community
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Rest of Spain
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 for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 1806)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
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 Barry Callebaut AG
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 Chocoladefabriken Lindt & Sprüngli 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 August Storck KG
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 IBERCACAO, S.A.
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 NATRA S.A.
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 Comercial Chocolates Lacasa, S.A
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. Europe Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Spain Chocolate Market: Key Industry Highlights, 2018 and 2032
3. Spain Chocolate Historical Market: Breakup by Type (USD Million), 2018-2023
4. Spain Chocolate Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Spain Chocolate Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Spain Chocolate Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Spain Chocolate Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Spain Chocolate Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Spain Chocolate Historical Market: Breakup by Region (USD Million), 2018-2023
10. Spain Chocolate Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. Spain Chocolate Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 853.98 million.
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1250.98 million by 2032.
The market is being driven due to the rising demand for chocolate as a token of love and appreciation and emerging popularity of organic, vegan, and sugar- and gluten-free chocolates in various baked goods, confectioneries, and western desserts, etc.
Key trends aiding the market expansion include growing popularity of nut-infused chocolates, a shift in consumer preferences away from traditional sweet indulgences and increasing consumer expectations of premium products.
Regions considered in the market are Andalusia, Catalonia, Madrid, Valencian Community, and rest of Spain.
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., Barry Callebaut AG, Chocoladefabriken Lindt & Sprüngli AG, August Storck KG, IBERCACAO, S.A., NATRA S.A., and Comercial Chocolates Lacasa, S.A., among others.
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